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COIN vs. CONY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between COIN and CONY is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

COIN vs. CONY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coinbase Global, Inc. (COIN) and YieldMax COIN Option Income Strategy ETF (CONY). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%250.00%300.00%JulyAugustSeptemberOctoberNovemberDecember
252.00%
146.27%
COIN
CONY

Key characteristics

Sharpe Ratio

COIN:

0.83

CONY:

0.70

Sortino Ratio

COIN:

1.74

CONY:

1.39

Omega Ratio

COIN:

1.19

CONY:

1.16

Calmar Ratio

COIN:

1.07

CONY:

1.22

Martin Ratio

COIN:

3.11

CONY:

2.80

Ulcer Index

COIN:

23.24%

CONY:

16.44%

Daily Std Dev

COIN:

87.04%

CONY:

66.07%

Max Drawdown

COIN:

-90.90%

CONY:

-37.72%

Current Drawdown

COIN:

-22.02%

CONY:

-15.37%

Returns By Period

In the year-to-date period, COIN achieves a 60.25% return, which is significantly higher than CONY's 36.03% return.


COIN

YTD

60.25%

1M

-12.91%

6M

23.40%

1Y

65.87%

5Y*

N/A

10Y*

N/A

CONY

YTD

36.03%

1M

-7.75%

6M

16.57%

1Y

43.01%

5Y*

N/A

10Y*

N/A

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Risk-Adjusted Performance

COIN vs. CONY - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for COIN, currently valued at 0.83, compared to the broader market-4.00-2.000.002.000.830.70
The chart of Sortino ratio for COIN, currently valued at 1.74, compared to the broader market-4.00-2.000.002.004.001.741.39
The chart of Omega ratio for COIN, currently valued at 1.19, compared to the broader market0.501.001.502.001.191.16
The chart of Calmar ratio for COIN, currently valued at 1.53, compared to the broader market0.002.004.006.001.531.22
The chart of Martin ratio for COIN, currently valued at 3.11, compared to the broader market-5.000.005.0010.0015.0020.0025.003.112.80
COIN
CONY

The current COIN Sharpe Ratio is 0.83, which is comparable to the CONY Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of COIN and CONY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00Aug 18Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15
0.83
0.70
COIN
CONY

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 141.44%.


Drawdowns

COIN vs. CONY - Drawdown Comparison

The maximum COIN drawdown since its inception was -90.90%, which is greater than CONY's maximum drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for COIN and CONY. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-18.89%
-15.37%
COIN
CONY

Volatility

COIN vs. CONY - Volatility Comparison

Coinbase Global, Inc. (COIN) has a higher volatility of 23.66% compared to YieldMax COIN Option Income Strategy ETF (CONY) at 19.56%. 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.


10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%JulyAugustSeptemberOctoberNovemberDecember
23.66%
19.56%
COIN
CONY