ETF Evaluator:
xETFs TSLA Daily Income ETF ()
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(as of Aug 24)
Best Performing in Derivative Income Over the Last Year
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ETF Details
xETFs TSLA Daily Income ETF Overview
xETFs TSLA Daily Income ETF (TYYY) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). xETFS launched the ETF in 2026.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return of the common stock of Tesla, Inc. (Nasdaq: TSLA) (“TSLA”), while seeking to generate income through a daily synthetic covered call strategy.
Under normal market conditions, the fund seeks to invest at least 80% of its total assets in cash or cash equivalent securities, such as U.S. Treasury securities and short duration fixed-income ETFs, and securities and financial instruments that provide exposure to TSLA. It is non-diversified.
About xETFs TSLA Daily Income ETF (TYYY)
There are 6 members of the management team with an average tenure of 0.21 years: Andrew Serowik (2026), Gabriel Tan (2026), Todd Alberico (2026), Brian Cooper (2026), Johnny Wu (2026) and Kenneth Wong (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
xETFs TSLA Daily Income ETF has 5 securities in its portfolio. The top 10 holdings constitute 105.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
xETFs TSLA Daily Income ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. xETFs TSLA Daily Income ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). xETFs TSLA Daily Income ETF has 97.2% of the portfolio in cash.
Assets Under Management
The fund has $336 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TYYY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The xETFs TSLA Daily Income ETF expense ratio is high compared to funds in the Derivative Income category. xETFs TSLA Daily Income ETF has an expense ratio of 0.99%, which is 19% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. xETFs TSLA Daily Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, xETFs TSLA Daily Income ETF returned -25.9%, which earned it a grade of F, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
xETFs TSLA Daily Income ETF has a trailing yield of 0.00%, which is below the 19.96% category average.
The fund normally distributes its income weekly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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TYYY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TYYY Return (NAV) | -25.9% | na | na | na | na | na |
| TYYY Return (Price) | -18.3% | na | na | na | na | na |
| NAV +/- Price Return | -7.565% | na | na | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| TYYY Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -24.3% | na | na | na | na | na |
| TYYY Tax-Cost Ratio | na | na | na | na | na | na |
TYYY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TYYY Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| TYYY Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| TYYY Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | na |
| Expense Ratio: | 0.99% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Serowik Andrew (2026), Tan Gabriel (2026), Alberico Todd (2026), Cooper Brian (2026), Wu Johnny (2026), Wong Kenneth (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 5 |
| % in Top 10 Holdings: | 105.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 2.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 97.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | xETFS |
| Phone Number: | 888-668-8820 |
| Website: | |
| Inception Date: | May 14, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.99% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
