COIN vs. CONY
COIN (Coinbase Global, Inc.) is a stock, while CONY (YieldMax COIN Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, COIN returned -56.90% vs -53.07% for CONY. Their 0.98 correlation means they have historically moved very closely together.
Performance
COIN vs. CONY - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -29.21% return, which is significantly lower than CONY's -25.63% return.
COIN
- 1D
- -4.65%
- 1M
- 5.57%
- 6M
- -23.56%
- YTD
- -29.21%
- 1Y
- -56.90%
- 3Y*
- 19.10%
- 5Y*
- -7.51%
- 10Y*
- —
- ALL TIME*
- -15.12%
CONY
- 1D
- -3.88%
- 1M
- 5.75%
- 6M
- -19.81%
- YTD
- -25.63%
- 1Y
- -53.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.13B | $1.13B | $1.48B | |
| $5.80M | $6.32M | $10.11M |
COIN vs. CONY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COIN Coinbase Global, Inc. | -29.21% | -8.92% | 42.77% | 115.22% |
CONY YieldMax COIN Option Income Strategy ETF | -25.63% | -26.34% | 23.62% | 76.18% |
Correlation
The correlation between COIN and CONY is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.98 |
The correlation between COIN and CONY has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
COIN vs. CONY — Risk / Return Rank
COIN
CONY
COIN vs. CONY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and YieldMax COIN Option Income Strategy ETF (CONY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COIN | CONY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.84 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | -0.89 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.34 | 0.00 |
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Drawdowns
COIN vs. CONY - Drawdown Comparison
The maximum COIN drawdown since its inception was -91.46%, which is greater than CONY's maximum drawdown of -63.57%. Use the drawdown chart below to compare losses from any high point for COIN and CONY.
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Drawdown Indicators
| COIN | CONY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -63.57% | -27.89% |
Max Drawdown (1Y)Largest decline over 1 year | -63.57% | -60.12% | -3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | — | — |
Current DrawdownCurrent decline from peak | -61.86% | -57.87% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -52.81% | -24.03% | -28.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.34% | 39.57% | +2.77% |
Volatility
COIN vs. CONY - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 19.19% compared to YieldMax COIN Option Income Strategy ETF (CONY) at 15.14%. This indicates that COIN's price experiences larger fluctuations and is considered to be riskier than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIN | CONY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.19% | 15.14% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 53.96% | 46.02% | +7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.88% | 58.74% | +10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.04% | 59.70% | +26.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.05% | 59.70% | +25.35% |
Dividends
COIN vs. CONY - Dividend Comparison
COIN has not paid dividends to shareholders, while CONY's dividend yield for the trailing twelve months is around 153.97%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
CONY YieldMax COIN Option Income Strategy ETF | 153.97% | 192.07% | 155.66% | 16.43% |
Frequently Asked Questions
With a correlation of 1.00, COIN and CONY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
COIN has higher volatility (19.19%) compared to CONY (15.14%). In terms of maximum drawdown, COIN dropped -91.46% vs CONY's -63.57%.
COIN currently has the higher Sharpe Ratio (-0.83 vs -0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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