TSLP vs TYYY

TSLPBKurv Yield Premium Strategy Tesla ETF

TYYYCxETFs TSLA Daily Income 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.

TYYY TSLA exposure with a daily options-selling engine: it writes synthetic covered calls every session rather than on a monthly cycle, and stays fully invested to net asset value. Fee under 1% in a corner where 1%-plus is the norm.

Stated mandate

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

TYYY The Fund seeks returns generally corresponding to TSLA exposure and generally remains fully invested in instruments providing exposure to TSLA equal to its net asset value.

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

• TYYY The daily cadence is the whole idea: calls written each session to harvest short-dated Tesla premium, instead of a longer monthly cycle.prnewswire.com
• At 0.99% it undercuts the 1.07% cohort median and sits far below GraniteShares' TSYY at 3.11%.
• The prospectus keeps TSLA exposure equal to net asset value, so the long leg isn't diluted by a big idle cash sleeve.
• Plain 1940 Act fund structure: daily creation and redemption, fund board oversight, no note or partnership wrapper.

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.

• TYYY Single stock, synthetic. Derivatives on one name do the work, so Tesla's moves and the options mechanics drive results, with no diversification cushion.
• Writing calls daily gives up part of any large Tesla rally in exchange for premium, so the return shape differs from owning the shares.prnewswire.com
• A 2026 launch that is still small and thinly traded, so spreads can run wider than in longer-established TSLA income funds like TSLY.

Full TSLP profile⁠

Full TYYY profile⁠