##  [# ELON: Tesla vs. Ford ETF Leads May Performance Rankings](/sections/news/elon-tesla-vs-ford-etf-leads-may-performance-rankings) 

 

# ELON: Tesla vs. Ford ETF Leads May Performance Rankings

 

 

\- The ELON Tesla-focused ETF topped May performance with a 72% gain.  
\- Options strategies dominated top-performing fund rankings.  
\- Ethereum ETFs collectively tied for fifth place with 59% returns.



 

 

 

 

 [![DJ](/sites/default/files/styles/author_image_icon/public/2024-07/5.png?itok=LA-jevm_)](/authors/dj-shaw) 

[By DJ Shaw ](/authors/dj-shaw)

 Jun 03, 2025

 Edited by: David Tony

 

 

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The [**Battleshares TSLA vs F ETF (ELON)**](/elon) delivered a 72% return in May, leading a group of options-heavy and crypto-focused funds that dominated the month's performance rankings among non-single-stock leveraged ETFs, according to FactSet data.

The actively managed ELON takes leveraged long positions in [Tesla Inc. (TSLA)](/stock/tsla) while shorting [Ford Motor Co. (F)](/stock/f), according to FactSet. Its strategy targets 180% to 220% exposure to Tesla while maintaining short exposure of 80% to 120% to Ford through a mix of direct equity investments, short sales, swaps and listed options.

The May rankings were dominated by funds using options strategies and alternative approaches, with Tesla's 25% monthly gain helping drive performance for several of the top performers.

Capturing second place with 66% returns is the [**DailyDelta Q100 Upside Option Strategy ETF (QUP)**](/qup), which purchases [call options](https://www.fidelity.com/learning-center/investment-products/options/call-options-basics) on the Nasdaq-100 Index, according to FactSet. Fund managers limit daily downside risk to 10% of net asset value while holding 90% of assets in short-term U.S. Treasury securities.

Rounding out the top three with 61% gains is the [**Simplify Bitcoin Strategy PLUS Income ETF (MAXI)**](/maxi), which combines long Bitcoin futures exposure with option overlay strategies. Fund allocations include 100% economic exposure to Bitcoin while using up to 20% of assets for writing put and call option spreads.

Fourth place went to the Tesla-focused [**Simplify Volt TSLA Revolution ETF (TESL)**](/tesl), which claimed 60% returns using a momentum-based algorithm that adjusts exposure between 80% and 150% based on market conditions, according to FactSet.

## Ethereum ETFs Tie for Fifth

Nine spot Ethereum ETFs collectively tied for fifth place with 59% returns, including the [**iShares Ethereum Trust (ETHA)**](/etha), the [**Fidelity Ethereum Fund (FETH)**](/feth) and the [**Bitwise Ethereum ETF (ETHW)**](/ethw), according to FactSet. [Ethereum](/topics/ethereum) has most recently traded at around $2,617, up more than 43% over the past month, according to CoinMarketCap.

The [**ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ)**](/arkz) delivered 58% returns through cash-settled Ether futures contracts, using a rolling strategy to optimize contract timing, according to FactSet.

Completing the rankings with 51% gains was the [**First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)**](/crpt), which invests in companies supporting the crypto industry and digital economy.

![Top Performing ETFs of May](/sites/default/files/inline-images/image%20%2810%29.png)*Source: FactSet*

***Editor's note:** Check back tomorrow for the worst-performing ETFs in May.*

 
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  A graduate of The University of Texas, Arlington with a BA in Communications, DJ has covered retirement plans, mortgage news, and financial advisor…   [View Bio](/authors/dj-shaw)

 



 

 


 Related Topics  [Tesla Inc](http://www.etf.com/topics/tesla-inc) 

 [Crypto](http://www.etf.com/topics/cryptocurrency) 

 [Crypto ETFs](http://www.etf.com/topics/crypto-etfs) 

 [Ethereum](http://www.etf.com/topics/ethereum) 

 [Bitcoin](http://www.etf.com/topics/bitcoin)