TSII vs TSLY

TSIIDREX TSLA Growth & Income ETF

TSLYBYieldMax TSLA Option Income Strategy 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.

TSLY One stock, one job: convert Tesla's famous volatility into monthly income. TSLY sells call spreads on TSLA rather than plain covered calls, harvesting premium while keeping a slice of the upside in play.

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.

TSLY TSLY seeks to generate weekly income by selling call spreads on Tesla Inc. The strategy aims to harvest option premiums from Tesla's volatility while retaining some participation in its share-price appreciation.

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

• TSLY Sells call spreads on Tesla instead of writing plain covered calls, so some share-price appreciation stays on the table while premium is collected.yieldmaxetfs.com
• Running since 2022, actively traded, and paying on a monthly cadence. The plumbing is well worn by the standards of single-stock income funds.
• Rates as one of the stronger builds on the Tesla-income shelf, where execution quality varies widely between competing wrappers.

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.

• TSLY You do not own Tesla stock here. Exposure is assembled synthetically with options, and the short calls cap how much of a big TSLA run you keep.
• Income comes from Tesla option premiums, so the size of the payout moves with volatility rather than following a fixed dollar schedule.
• The 1.07% fee is the middle of this cohort, not the floor: TSII runs 0.99%, while TSYY charges 3.11% for its own Tesla income spin.

Full TSII profile⁠

Full TSLY profile⁠