BRKC vs. PYPY

Last updated Jun 5, 2026

BRKC (YieldMax BRK.B Option Income Strategy ETF) and PYPY (Yieldmax PYPL Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. BRKC charges 0.99%/yr vs 1.01%/yr for PYPY.

Performance

BRKC vs. PYPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax BRK.B Option Income Strategy ETF (BRKC) and Yieldmax PYPL Option Income Strategy ETF (PYPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKC achieves a -3.15% return, which is significantly higher than PYPY's -22.78% return.

BRKC

• 1D: 0.52%
• 1M: 2.36%
• YTD: -3.15%
• 6M: -3.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PYPY

• 1D: 0.66%
• 1M: -5.85%
• YTD: -22.78%
• 6M: -25.01%
• 1Y: -39.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRKC vs. PYPY - Yearly Performance Comparison

	2026 (YTD)	2025
BRKC YieldMax BRK.B Option Income Strategy ETF	-3.15%	0.93%
PYPY Yieldmax PYPL Option Income Strategy ETF	-22.78%	-21.06%

Correlation

The correlation between BRKC and PYPY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.15

Return for Risk

BRKC vs. PYPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PYPY

PYPY Risk / Return Rank: 1
PYPY Sharpe Ratio Rank: 1
PYPY Sortino Ratio Rank: 2
PYPY Omega Ratio Rank: 1
PYPY Calmar Ratio Rank: 2
PYPY Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRKC vs. PYPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax BRK.B Option Income Strategy ETF (BRKC) and Yieldmax PYPL Option Income Strategy ETF (PYPY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BRKC	PYPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	-0.23	+0.05

Drawdowns

BRKC vs. PYPY - Drawdown Comparison

The maximum BRKC drawdown since its inception was -7.59%, smaller than the maximum PYPY drawdown of -53.64%. Use the drawdown chart below to compare losses from any high point for BRKC and PYPY.

Drawdown Indicators

	BRKC	PYPY	Difference
Max Drawdown Largest peak-to-trough decline	-7.59%	-53.64%	+46.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-47.14%	—
Current Drawdown Current decline from peak	-5.10%	-48.84%	+43.74%
Average Drawdown Average peak-to-trough decline	-3.13%	-16.21%	+13.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	26.57%	—

Volatility

Volatility by Period

	BRKC	PYPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	34.15%	-21.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.67%	31.08%	-18.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.67%	31.08%	-18.41%

BRKC vs. PYPY - Expense Ratio Comparison

BRKC has a 0.99% expense ratio, which is lower than PYPY's 1.01% expense ratio.

Dividends

BRKC vs. PYPY - Dividend Comparison

BRKC's dividend yield for the trailing twelve months is around 20.53%, less than PYPY's 70.45% yield.

Position	TTM	2025	2024	2023
BRKC YieldMax BRK.B Option Income Strategy ETF	20.53%	10.81%	0.00%	0.00%
PYPY Yieldmax PYPL Option Income Strategy ETF	70.45%	64.68%	48.65%	5.70%

Frequently Asked Questions

Can I hold both BRKC and PYPY in my portfolio?

BRKC and PYPY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKC or PYPY?

On fees, BRKC is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKC or PYPY?

BRKC is cheaper with a 0.99% expense ratio, compared with 1.01% for PYPY.

Which ETF pays a higher dividend yield, BRKC or PYPY?

PYPY has the higher dividend yield at 70.45%, compared with 20.53% for BRKC.

What is the main difference between BRKC and PYPY?

Their fees differ too: 0.99% for BRKC and 1.01% for PYPY.