TLA vs TSYY

TLABGraniteShares Autocallable TSLA ETF

TSYYCGraniteShares YieldBOOST TSLA ETF

In short

TLA Most Tesla income ETFs run the same covered-call playbook. TLA runs autocallables instead: structured-payoff options on Tesla, aiming for monthly income inside a plain 1940 Act fund. A 2026 launch, and the only autocall build in its peer group.

TSYY Most Tesla income funds write calls on Tesla itself. TSYY sells puts on a 2x leveraged TSLA ETF, where implied volatility runs richer, aiming for twice the income of plain TSLA option selling.

Stated mandate

TLA The Fund seeks potential monthly income through a portfolio of single-stock autocallable options linked to Tesla's performance.

TSYY The fund seeks current income by selling options on leveraged ETFs designed to deliver twice the daily performance of Tesla Inc., while also seeking capped exposure to those ETFs.

Why people hold it

• TLA Different engine from the crowd: single-stock autocallable options on Tesla, not the covered-call formula every other TSLA income fund in its group runs.
• Structured-note style payoffs in an ordinary registered ETF wrapper, so no bank note, no minimums, just a ticker in a brokerage account.graniteshares.com
• At a 1.07% expense ratio it sits mid-pack among TSLA income funds, and roughly a third the cost of the group's priciest, TSYY at 3.11%.
• The stated goal is monthly income from those option positions, not price appreciation from holding Tesla shares.

• TSYY Sells puts on a 2x leveraged TSLA ETF instead of calls on Tesla stock. The leveraged wrapper's options carry fatter premiums; the fund targets 2x the income of TSLA option selling.graniteshares.comgraniteshares.com 2
• Defensive mode is written into the strategy: it can buy a lower-strike put against the one it sells, giving up premium to limit how far a sold put's loss runs.graniteshares.com
• The rules are spelled out: sold puts range from 40% out-of-the-money to 10% in-the-money, with one-week to one-month maturities. Cash goes out monthly.graniteshares.com

Worth knowing

• TLA One name carries the whole fund. Tesla's moves drive both the income and the losses, with no diversification to cushion them.
• Income is potential, not promised: autocallable payoffs depend on where Tesla trades against contract terms, so distributions can vary or stop.
• A 2026 launch that is still small and lightly traded. Limit orders are worth using here, and there is little live track record to judge.

• TSYY Costs 1.15% net of a waiver through December 31, 2026 (3.11% gross), above the category median. TSLP runs 1.00% net of a waiver through September 30, 2027; CRSH 1.05%.
• Selling puts means taking the leveraged ETF's drop below the strike while gains stop at the premium collected. Volatility on that wrapper runs multiples of Tesla's own.graniteshares.com
• Payouts can include return of capital, per the prospectus. With a 2024 launch and lower-half standing in its Tesla-income peer group, it is among the less seasoned choices here.graniteshares.com

Full TLA profile⁠

Full TSYY profile⁠