TSLP vs TSLY

TSLPBKurv Yield Premium Strategy Tesla ETF

TSLYBYieldMax TSLA Option Income Strategy ETF

In short

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.

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

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

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

• 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

• 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

• 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.

• 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 TSLP profile⁠

Full TSLY profile⁠