YieldMax TSLA Option Income Strategy ETF vs Utilities Select Sector SPDR Fund — how do they compare? YieldMax TSLA Option Income Strategy ETF trades at $21.85, while Utilities Select Sector SPDR Fund trades at $43.65. The key difference: Utilities Select Sector SPDR Fund is trading nearer its 52-week high, YieldMax TSLA Option Income Strategy ETF nearer its low. Which is the better fit depends on your goals.
| TSLY | XLU | |
|---|---|---|
Sector | Income / Options Overlay | — |
52-Week High | $48.25 | $47.73 |
52-Week Low | $20.49 | $41.31 |
Trailing returns across standard periods
TSLY is an actively managed ETF that seeks to provide high monthly income by employing a synthetic covered call strategy on Tesla, Inc. (TSLA). It does not own Tesla stock directly; instead, it uses a combination of call and put options to simulate long exposure while simultaneously selling call options to collect premiums. It is designed for income-focused investors who are willing to trade TSLA's potential upside for immediate, aggressive yield.
Read more on TSLY →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: electric utilities; water utilities; multi-utilities; independent power and renewable electricity producers; and gas utilities. The fund is non-diversified.
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