YieldMax HOOD Option Income Strategy ETF (HOOY) Sharpe Ratio: 0.37

HOOY's Sharpe Ratio of 0.37 indicates that for each unit of volatility, it generates 0.37 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HOOY Sharpe Ratio Rank

Concerning

HOOY ranks above 13.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

HOOY Sharpe Ratio Market Positioning

The chart shows HOOY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.86 or lower
Yellow zone (middle 50%): 0.86 to 2.31
Green zone (top 25%): 2.31 or higher
Top 1%: 7.40+
Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares YieldMax HOOD Option Income Strategy ETF's Sharpe Ratio with other ETFs in the Derivative Income, Options Trading category across multiple time periods, showing how HOOY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

Symbol	Name	1Y Sharpe Ratio
LAPR	Innovator Premium Income 15 Buffer ETF - April	5.57
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	4.88
APRW	AllianzIM U.S. Large Cap Buffer20 Apr ETF	4.66
APRJ	Innovator Premium Income 30 Barrier ETF - April	4.50
XMAR	FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	4.16
PBAP	PGIM US Large-Cap Buffer 20 ETF - April	4.14
XIMR	FT Vest U.S. Equity Buffer & Premium Income ETF - March	4.12
AMDY	YieldMax AMD Option Income Strategy ETF	3.98
APRP	PGIM US Large-Cap Buffer 12 ETF - April	3.98
DMAR	FT Cboe Vest U.S. Equity Deep Buffer ETF - March	3.94
HOOY	YieldMax HOOD Option Income Strategy ETF	0.37

Benchmark Against

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S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows HOOY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HOOY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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