TSII vs TSLP

TSIIDREX TSLA Growth & Income ETF

TSLPBKurv Yield Premium Strategy Tesla ETF

In short

TSII Most Tesla income funds sell away the upside to harvest premium. TSII goes the other way: it targets 105% to 150% of Tesla's daily move, writes covered calls on top of it, and pays weekly. The 1.52% fee is the price of admission.

TSLP Tesla income with a longer fuse. TSLP builds its TSLA exposure with options dated roughly one month to a year out instead of resetting weekly, pays monthly, and charges 1.00% net of a waiver through September 30, 2027.

Stated mandate

TSII The Fund seeks weekly shareholder distributions while targeting daily results between 105% and 150% of Tesla, Inc.’s daily stock-price change. It uses leveraged exposure and covered calls, with the exact exposure determined by the adviser.

TSLP The fund seeks current income while retaining exposure to Tesla's share price, with potential investment gains limited.

Why people hold it

• TSII The TSLA income fund that keeps a leveraged tilt. The mandate targets daily results between 105% and 150% of Tesla's move, with calls written against that position rather than against a plain 1x stake.rexshares.com
• Option premiums are the declared source of income, and the prospectus sets the payout cadence at weekly, one of the shortest schedules in option-income land.rexshares.com
• No fixed multiple to defend. The adviser sets exposure inside the documented 105% to 150% band and rebalances daily, so leverage can be dialed down without breaking the mandate.rexshares.com

• TSLP Sells calls against TSLA exposure using contracts dated about one month to a year out rather than weekly resets, a slower roll cycle than most of the single-stock premium crowd.sec.govsec.gov 2
• Cheapest fee in the TSLA income crowd: 1.00% net of a waiver through September 30, 2027 (1.16% gross), against 1.05% for CRSH and 1.07% for TSLY and TLA, and below the category median.
• The manager isn't stuck with plain covered calls: call spreads and risk reversals are in the documented toolkit to seek more participation in TSLA's rise while still taking in net premium.sec.gov
• Income lands monthly, and the portfolio reads like the strategy on the tin: TSLA options backed by short-term fixed income collateral. One of the stronger builds among Tesla option-income funds.sec.gov

Worth knowing

• TSII At 1.52% it is the priciest TSLA income name we track and sits above the category median: TSLP 1.00% (net of a waiver through September 30, 2027), CRSH 1.05%, TLA and TSLY 1.07%, TSYY 1.15% (net of a waiver through December 31, 2026).
• Leverage resets daily, so results over weeks and months can drift well away from 105% to 150% of Tesla. The prospectus also discloses that distributions may include return of capital, which comes out of NAV.
• One stock, synthetic exposure, and a track record that only starts in June 2025. On cost and risk it currently lands in the lower tier of a crowded TSLA income group, and trading is moderate rather than heavy.

• TSLP Upside is limited by design: the calls written against the position cap how much of a TSLA rally the fund keeps, while the downside ride stays.sec.gov
• Exposure is often synthetic (bought calls plus sold puts) rather than owned shares, and the fund may write uncovered calls when the adviser sees volatility mispriced.sec.govsec.gov 2
• One of the smaller, thinner-traded names in its group, so limit orders matter. Single-stock concentration means TSLA's swings drive everything.

Full TSII profile⁠

Full TSLP profile⁠