YieldMax TSLA Option Income Strategy ETF

TSLY

Market cap $6.07B

Schwab US Dividend Equity ETF offers a mix of high yield and dividend growth. Vanguard Dividend Appreciation ETF is also focused on dividend growth.

YieldMax TSLA Option Income Strategy ETF has been a controversial investment and remains so, with a distribution rate of 101%. TSLY has matched the S&P 500 on a total return basis over the past two years, despite increased volatility. The ETF's performance is closely tied to Tesla earnings, as TSLY maintains a long position in Tesla stock.

Tesla is trading near 52-week highs at a rich valuation, raising the risk of a pullback or sideways movement. The YieldMax TSLA Option Income Strategy ETF offers high monthly income by selling options, benefiting most if TSLA trades sideways. TSLY's strategy can cushion losses in a downturn and deliver strong yields but will underperform TSLA in a strong rally due to capped upside.

CHICAGO, MILWAUKEE and NEW YORK, Oct. 01, 2025 (GLOBE NEWSWIRE) -- YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group A ETFs listed in the table below. ETF Ticker 1 ETF Name Distribution Frequency Distribution per Share Distribution Rate 2, 4 30-Day SEC Yield 3 ROC 5 Ex-Date & Record Date Payment Date CHPY YieldMax® Semiconductor Portfolio Option Income ETF Weekly $0.4093 38.15% 0.00% 100.00% 10/2/2025 10/3/2025 GPTY YieldMax® AI & Tech Portfolio Option Income ETF Weekly $0.3120 34.74% 0.00% 100.00% 10/2/2025 10/3/2025 LFGY YieldMax® Crypto Industry & Tech Portfolio Option Income ETF Weekly $0.4344 62.47% 0.43% 3.46% 10/2/2025 10/3/2025 QDTY YieldMax® Nasdaq 100 0DTE Covered Call ETF Weekly $0.2187 25.03% 0.00% 100.00% 10/2/2025 10/3/2025 RDTY YieldMax® R2000 0DTE Covered Call ETF Weekly $0.3078 36.14% 0.00% 100.00% 10/2/2025 10/3/2025 SDTY YieldMax® S&P 500 0DTE Covered Call ETF Weekly $0.1867 21.15% 0.00% 100.00% 10/2/2025 10/3/2025 SLTY YieldMax® Ultra Short Option Income Strategy ETF Weekly $0.6346 77.30% 0.00% 100.00% 10/2/2025 10/3/2025 ULTY YieldMax® Ultra Option Income Strategy ETF Weekly $0.0913 87.23% 0.00% 0.00% 10/2/2025 10/3/2025 YMAG YieldMax® Magnificent 7 Fund of Option Income ETFs Weekly $0.0989 32.77% 61.37% 29.71% 10/2/2025 10/3/2025 YMAX YieldMax® Universe Fund of Option Income ETFs Weekly $0.1399 56.71% 76.62% 75.35% 10/2/2025 10/3/2025 BRKC YieldMax® BRK.B Option Income Strategy ETF Every 4 weeks $0.5347 14.39% 2.84% 78.49% 10/2/2025 10/3/2025 CRSH YieldMax® Short TSLA Option Income Strategy ETF Every 4 weeks $0.1236 51.65% 3.32% 92.16% 10/2/2025 10/3/2025 FEAT YieldMax® Dorsey Wright Featured 5 Income ETF Every 4 weeks $1.4918 55.91% 107.00% 5.47% 10/2/2025 10/3/2025 FIVY YieldMax® Dorsey Wright Hybrid 5 Income ETF Every 4 weeks $1.0536 34.50% 63.47% 0.24% 10/2/2025 10/3/2025 GOOY YieldMax® GOOGL Option Income Strategy ETF Every 4 weeks $0.6935 63.64% 2.69% 0.00% 10/2/2025 10/3/2025 OARK YieldMax® Innovation Option Income Strategy ETF Every 4 weeks $0.3435 48.57% 2.84% 0.00% 10/2/2025 10/3/2025 RBLY YieldMax® RBLX Option Income Strategy ETF Every 4 weeks $3.0149 71.03% 1.15% 84.84% 10/2/2025 10/3/2025 RDYY* YieldMax® RDDT Option Income Strategy ETF Every 4 weeks $1.0511 - - 95.15% 10/2/2025 10/3/2025 SNOY YieldMax® SNOW Option Income Strategy ETF Every 4 weeks $0.4366 37.43% 2.72% 61.04% 10/2/2025 10/3/2025 TSLY YieldMax® TSLA Option Income Strategy ETF Every 4 weeks $0.8020 110.61% 2.78% 0.00% 10/2/2025 10/3/2025 TSMY YieldMax® TSM Option Income Strategy ETF Every 4 weeks $1.0009 75.88% 2.44% 96.64% 10/2/2025 10/3/2025 XOMO YieldMax® XOM Option Income Strategy ETF Every 4 weeks $0.2140 23.23% 3.04% 66.75% 10/2/2025 10/3/2025 YBIT YieldMax® Bitcoin Option Income Strategy ETF Every 4 weeks $0.3084 40.23% 1.24% 0.00% 10/2/2025 10/3/2025 Weekly Payers & Group B ETFs scheduled for next week: CHPY GPTY LFGY QDTY RDTY SDTY SLTY ULTY YMAG YMAX BABO DIPS FBY GDXY JPMO MARO MRNY NVDY PLTY Performance data quoted represents past performance and is no guarantee of future results.

CHICAGO and MILWAUKEE and NEW YORK, Sept. 03, 2025 (GLOBE NEWSWIRE) -- YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group A ETFs listed in the table below.

Tesla stock and the YieldMax TSLA Option Income Strategy ETF (TSLY) could come under pressure after a series of related news in the electric vehicle (EV) industry. TSLA was trading at $333, down by over 30% from its highest point this year.

If you like Tesla (NASDAQ:TSLA) stock, then you should absolutely love the YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY).

TSLY's covered-call strategy on Tesla has not outperformed TSLA since inception, with annualized returns of just 5.81%. The ETF's high distribution rate (~50%) isn't the whole story, as payouts are offset by a declining share price, limiting real investor gains. Implied volatility on Tesla is unusually low, making call selling less attractive and suggesting TSLY's income strategy is now a crowded trade.

TSLY combines high downside risk with limited upside, failing to capture Tesla's full long-term return potential while still exposing investors to significant drawdowns. While TSLY monetizes Tesla's volatility and sometimes outperforms TSLA in down markets, its total return since inception lags the underlying stock. TSLY's covered call strategy restricts gains in bullish scenarios, making it less attractive if you believe in Tesla's long-term growth and optionalities.

The skepticism surrounding YieldMax ETFs is related to their high level of risk. However, it's fine to own YieldMax funds as long as you stick to certain de-risking guidelines.