Which paid more, MSTY or TSLY?

Over the year to Oct 28, 2026, MSTY paid 33.4% of its starting price in cash and TSLY paid 39.0%, so TSLY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, MSTY or TSLY?

With every distribution reinvested, MSTY returned −43.4% and TSLY −7.7% over the year to Oct 28, 2026.

Which is cheaper, MSTY or TSLY?

MSTY charges 0.99% a year and TSLY charges 1.07%, so MSTY is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Income ETFs

MSTY vs TSLY: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, TSLY paid 39.0% of its price in cash against MSTY’s 33.4%, and returned more with it reinvested.

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Net assets on Oct 27, 2026: $1.0bn for YieldMax MSTR Option Income Strategy ETF and $685m for YieldMax TSLA Option Income Strategy ETF.

MSTY on its own →TSLY on its own →

At a glance

33.4%

MSTY cash paid, 1 year

39.0%

TSLY cash paid, 1 year

−43.4%

MSTY total return, 1 year

−7.7%

TSLY total return, 1 year

MSTY · 1 year to Oct 28, 2026 5.6 pts ahead of MSTR

MSTY

−43.4%

MSTR

−49.0%

5.6 pts ahead of MSTR

MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.

MSTR

−49.0%

MSTY

−43.4%

5.6 pts ahead of MSTR

Total return, distributions reinvested

5.6 pts ahead of MSTR

MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.

MSTR

−49.0%

MSTY

−43.4%

5.6 pts ahead of MSTR

33.4% of it arrived as cash. Total return, distributions reinvested. MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

TSLY · 1 year to Oct 28, 2026 4.5 pts ahead of TSLA

TSLY

−7.7%

TSLA

−12.2%

4.5 pts ahead of TSLA

TSLY over 1 year: paid 39.0%, price −46.6%, total −7.7%, TSLA −12.2%, +4.5 pts. Data to Oct 28, 2026.

TSLA

−12.2%

TSLY

−7.7%

4.5 pts ahead of TSLA

Total return, distributions reinvested

4.5 pts ahead of TSLA

TSLY over 1 year: paid 39.0%, price −46.6%, total −7.7%, TSLA −12.2%, +4.5 pts. Data to Oct 28, 2026.

TSLA

−12.2%

TSLY

−7.7%

4.5 pts ahead of TSLA

39.0% of it arrived as cash. Both charts share one scale, with zero at the line. TSLY over 1 year: paid 39.0%, price −46.6%, total −7.7%, TSLA −12.2%, +4.5 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

MSTY costs 0.08 points a year less; their one-year returns differ by 35.7 points; MSTY is 1.5 times larger.

Points (pts) are percentage points.

MSTY vs TSLY: Dividend Yield & Total Return
Measure	MSTY	TSLY
Paid and earned
Measure	MSTY	TSLY
Total return, 1 year	−43.4%	−7.7%
Price change, 1 year	fell 75.2%	fell 46.6%
Return of capital, issuer estimate	14% of the Oct 30, 2026 payment	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	MSTY	TSLY
Benchmark	MicroStrategy (MSTR)	Tesla (TSLA)
Cost and size
Measure	MSTY	TSLY
Expense ratio	0.99%	1.07%
Net assets, as of Oct 27, 2026	$1.0bn	$685m
Holdings
Measure	MSTY	TSLY
Holdings in common	25%

ETFIQ Distribution Coverage Score · TSLY scores higher How much of what it paid out did its total return cover?

IQ Income Score19.6MSTY56.1TSLY

How much of its payouts the fund's total return covered, ranked against 74 income ETFs writing on a single company. 100 is best. How it is computed

MSTY 19.6

TSLY 56.1

0.7, the lowest in this set 99.3, the highest

A percentile among the 74 income ETFs writing on a single company. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Holdings in common uses holdings dated Oct 28, 2026. Method

Risk and return

Mar 1, 2024 to Oct 23, 2026 · 138 weekly returns

MSTY TSLY

Return

Total return edge TSLY +36.1% +46.9%

Annualized edge TSLY +12.3% +15.6%

Price return edge TSLY −89.1% −77.3%

Risk

Volatility edge TSLY 61.8% 41.6%

Max drawdown edge TSLY −76.2% −42.6%

Downside capture 97.2% 95.4%

Beta 0.73 0.72

Risk-adjusted

Sharpe edge TSLY (slight) 0.42 0.45

Sortino edge TSLY (slight) 0.65 0.67

Treynor 0.358 0.156

Calmar edge TSLY 0.16 0.37

Against the benchmark

Alpha −2.3% a year −8.4% a year

Alpha t-stat −0.23 −1.30

Information ratio −0.47 −0.79

Tracking error 27.4% 20.2%

Each against its own benchmark: MSTY against MSTR, Mar 1, 2024 to Oct 23, 2026; TSLY against TSLA, Dec 2, 2022 to Oct 23, 2026.

Reading

TSLY returned more: +46.9% to +36.1%. TSLY swung less: 41.6% to 61.8%. TSLY fell less at its worst: −42.6% to −76.2%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: MSTY vs TSLY: Dividend Yield & Total Return
Measure	MSTY	TSLY	Edge	How it is measured
Return
Total return	+36.1%	+46.9%	TSLY	Price change plus distributions, reinvested.
Annualized	+12.3%	+15.6%	TSLY	Total return as a yearly rate.
Price return	−89.1%	−77.3%	TSLY	Price change alone, distributions left out.
Risk
Volatility	61.8%	41.6%	TSLY	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	40.0%	27.9%	TSLY	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−76.2%	−42.6%	TSLY	Deepest fall from a high to the low after it.
Upside capture	35.5%	45.3%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	97.2%	95.4%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.73	0.72	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.93	0.91	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.42	0.45	TSLY (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.65	0.67	TSLY (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.358	0.156		Return above Treasury bills per unit of beta.
Calmar	0.16	0.37	TSLY	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	MSTR	TSLA		The ETF each fund is measured against.
Alpha	−2.3% a year	−8.4% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.23	−1.30	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−21.9% to +17.3%	−21.2% to +4.4%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.47	−0.79		Return against its benchmark per unit of tracking error.
Tracking error	27.4%	20.2%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 138 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

25%

By the books each fund has filed, MSTY and TSLY hold 25% of their money in the same securities at the same weight. Holdings dated Oct 28, 2026.

50%

0 half 100%

half

25% in common

Positions both hold · largest shared weight first MSTY TSLY

United States Treasury Note/Bond 2.375% 05/15/2027 18.81% 24.07%

United States Treasury Note/Bond 3.375% 09/15/2027 5.96% 18.67%

Only in one fund ↓

Only in MSTY

MSTR US 11/20/26 C135 6.30%

MSTR 12/18/2026 150.01 C 4.40%

MSTR US 10/30/26 C157.5 0.19%

MSTR US 10/30/26 C160 0.11%

MSTR US 10/30/26 C162.5 0.10%

MSTR US 10/30/26 C148 -0.03%

MSTR US 10/30/26 C150 -0.19%

MSTR US 10/30/26 C155 -0.23%

Only in TSLY

TSLA 11/20/2026 370.01 C 10.31%

TSLA US 10/30/26 C395 1.38%

TSLA US 10/30/26 C390 0.95%

TSLA US 10/30/26 C392.5 0.64%

TSLA US 10/30/26 C387.5 0.56%

TSLA US 10/30/26 C420 0.02%

TSLA US 10/30/26 C412.5 -0.06%

TSLA US 10/30/26 C375 -0.89%

Check overlap with more funds →

Side by side

MSTY YieldMax MSTR Option Income Strategy ETF · Synthetic covered call on MSTR, paying weekly TSLY YieldMax TSLA Option Income Strategy ETF · Synthetic covered call on TSLA, paying weekly

Issuer YieldMax YieldMax

Strategy synthetic covered call synthetic covered call

Benchmark MicroStrategy (MSTR) Tesla (TSLA)

Pays weekly weekly

Payout rate, annualized 60.3% 43.1%

Expense ratio 0.99% 1.07%

Cash paid, 1 year 33.4% 39.0%

Price change, 1 year −75.2% −46.6%

Total return, 1 year −43.4% −7.7%

Benchmark return, 1 year −49.0% −12.2%

Ahead or behind +5.6 pts +4.5 pts

Return of capital, latest estimate 14% 100%

Age 2.7 years 3.9 years

Net assets, as of Oct 27, 2026 $1.0bn $685m

As of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: MSTY vs TSLY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MSTY	TSLY	MSTY	TSLY	MSTY	TSLY
3 months	+42.2%	+27.2%	25.1%	13.3%	−13.3 pts	−8.3 pts
6 months	−9.7%	+3.5%	28.9%	23.4%	−1.4 pts	−4.9 pts
1 year	−43.4%	−7.7%	33.4%	39.0%	+5.6 pts	+4.5 pts
3 years	–	+59.2%	–	102.5%	–	−35.8 pts
Since launchNot the same days: MSTY Feb 2024 · TSLY Nov 2022	+69.4%	+50.8%	224.6%	97.8%	−34.2 pts	−69.9 pts

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Client brief · page 1 of 2 Report BR-5B973E9246

MSTY and TSLY are built for the same job. How do they differ in cost, holdings and results?

Income paid. MSTY paid 33.4% and TSLY 39.0% (cash paid over 1 year, as a share of its price at the start), a gap of 5.6 points.
What each is measured against. MSTY is measured against MicroStrategy (MSTR) and TSLY against Tesla (TSLA).
Holdings in common. 25% of the weight is in the same securities (holdings dated Oct 28, 2026).

Data as of Oct 28, 2026.

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About each fund

MSTY

Over the year to Oct 28, 2026, MSTY paid 33.4% of its starting value in cash distributions while its price fell 75.2%. With every distribution reinvested, the fund returned −43.4%. MicroStrategy (MSTR) returned −49.0% over the same days, so a holder was ahead by 5.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 60.3%, paid weekly. YieldMax estimates that 14% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

TSLY

Over the year to Oct 28, 2026, TSLY paid 39.0% of its starting value in cash distributions while its price fell 46.6%. With every distribution reinvested, the fund returned −7.7%. Tesla (TSLA) returned −12.2% over the same days, so a holder was ahead by 4.5 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 43.1%, paid weekly. YieldMax estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, MSTY or TSLY?: Over the year to Oct 28, 2026, MSTY paid 33.4% of its starting price in cash and TSLY paid 39.0%, so TSLY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, MSTY or TSLY?: With every distribution reinvested, MSTY returned −43.4% and TSLY −7.7% over the year to Oct 28, 2026.
Which is cheaper, MSTY or TSLY?: MSTY charges 0.99% a year and TSLY charges 1.07%, so MSTY is cheaper. Fees come from each fund's prospectus.

Other comparisons

MSTY vs ULTY MSTY vs RYLD MSTY vs SDTY MSTY vs SPYI TSLY vs TSIB TSLY vs TYYY TSLY vs TSLW TSLY vs TSYY

Where to next

MSTY on its own →TSLY on its own →MSTY dividend history →MSTY holdings →TSLY dividend history →TSLY holdings →Method →Standards and sources →

Sources and dates

MSTY and TSLY filings on SEC EDGAR ↗

MSTY prospectus with the expense ratio (SEC) ↗

MSTY 19a-1 distribution notice ↗

YieldMax page for MSTY ↗

TSLY prospectus with the expense ratio (SEC) ↗

TSLY 19a-1 distribution notice ↗

YieldMax page for TSLY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, MSTY against TSLY, data as of Oct 28, 2026. https://etfiq.com/compare/income/msty-vs-tsly

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