Correlation
The correlation between BABO and SNOY is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BABO vs. SNOY
Compare and contrast key facts about YieldMax BABA Option Income Strategy ETF (BABO) and YieldMax SNOW Option Income Strategy ETF (SNOY).
BABO and SNOY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BABO is an actively managed fund by YieldMax. It was launched on Aug 7, 2024. SNOY is an actively managed fund by YieldMax. It was launched on Jun 10, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BABO or SNOY.
Performance
BABO vs. SNOY - Performance Comparison
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Key characteristics
BABO:
39.15%
SNOY:
46.80%
BABO:
-29.26%
SNOY:
-26.18%
BABO:
-17.02%
SNOY:
-0.59%
Returns By Period
The year-to-date returns for both stocks are quite close, with BABO having a 23.35% return and SNOY slightly lower at 23.20%.
BABO
23.35%
2.44%
24.06%
N/A
N/A
N/A
N/A
SNOY
23.20%
21.93%
13.56%
N/A
N/A
N/A
N/A
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BABO vs. SNOY - Expense Ratio Comparison
Both BABO and SNOY have an expense ratio of 0.99%.
Risk-Adjusted Performance
BABO vs. SNOY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax BABA Option Income Strategy ETF (BABO) and YieldMax SNOW Option Income Strategy ETF (SNOY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
BABO vs. SNOY - Dividend Comparison
BABO's dividend yield for the trailing twelve months is around 54.48%, less than SNOY's 61.67% yield.
| TTM | 2024 | |
|---|---|---|
BABO YieldMax BABA Option Income Strategy ETF | 54.48% | 20.65% |
SNOY YieldMax SNOW Option Income Strategy ETF | 61.67% | 33.32% |
Drawdowns
BABO vs. SNOY - Drawdown Comparison
The maximum BABO drawdown since its inception was -29.26%, which is greater than SNOY's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for BABO and SNOY.
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Volatility
BABO vs. SNOY - Volatility Comparison
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