COIW vs. FIAT
COIW (COIN WeeklyPay™ ETF) and FIAT (YieldMax Short COIN Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, COIW returned -58.88% vs 25.10% for FIAT. At a correlation of -0.98, they often move in opposite directions. Both charge a 0.99% expense ratio.
Performance
COIW vs. FIAT - Performance Comparison
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Returns By Period
In the year-to-date period, COIW achieves a -37.10% return, which is significantly lower than FIAT's 16.16% return.
COIW
- 1D
- -4.43%
- 1M
- -17.85%
- YTD
- -37.10%
- 6M
- -42.22%
- 1Y
- -58.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT
- 1D
- 2.82%
- 1M
- 11.72%
- YTD
- 16.16%
- 6M
- 21.46%
- 1Y
- 25.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIW vs. FIAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COIW COIN WeeklyPay™ ETF | -37.10% | -25.92% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 16.16% | -20.73% |
Correlation
The correlation between COIW and FIAT is -0.98, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | -0.98 |
The correlation between COIW and FIAT has been stable across timeframes, ranging from -0.98 to -0.98 - a consistent structural relationship.
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Return for Risk
COIW vs. FIAT — Risk / Return Rank
COIW
FIAT
COIW vs. FIAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) and YieldMax Short COIN Option Income Strategy ETF (FIAT). 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.
| COIW | FIAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.13 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.74 | -1.53 |
| Martin ratioReturn relative to average drawdown | -1.19 | 1.60 | -2.79 |
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Drawdowns
COIW vs. FIAT - Drawdown Comparison
The maximum COIW drawdown since its inception was -74.55%, which is greater than FIAT's maximum drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for COIW and FIAT.
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Drawdown Indicators
| COIW | FIAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.55% | -70.50% | -4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -74.55% | -34.22% | -40.33% |
Current DrawdownCurrent decline from peak | -71.52% | -49.94% | -21.58% |
Average DrawdownAverage peak-to-trough decline | -39.31% | -45.40% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.39% | 17.71% | +31.68% |
Volatility
COIW vs. FIAT - Volatility Comparison
COIN WeeklyPay™ ETF (COIW) has a higher volatility of 22.33% compared to YieldMax Short COIN Option Income Strategy ETF (FIAT) at 14.10%. This indicates that COIW's price experiences larger fluctuations and is considered to be riskier than FIAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIW | FIAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.33% | 14.10% | +8.23% |
Volatility (6M)Calculated over the trailing 6-month period | 63.06% | 42.87% | +20.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.90% | 53.54% | +29.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.36% | 60.24% | +30.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.36% | 60.24% | +30.12% |
COIW vs. FIAT - Expense Ratio Comparison
Both COIW and FIAT have an expense ratio of 0.99%.
Dividends
COIW vs. FIAT - Dividend Comparison
COIW's dividend yield for the trailing twelve months is around 237.77%, more than FIAT's 100.29% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COIW COIN WeeklyPay™ ETF | 237.77% | 120.37% | 0.00% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 100.29% | 178.11% | 70.99% |
Frequently Asked Questions
COIW and FIAT have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIW has higher volatility (22.33%) compared to FIAT (14.10%). In terms of maximum drawdown, COIW dropped -74.55% vs FIAT's -70.50%.
On 1-year performance, FIAT leads with 25.10% vs -58.88% for COIW. Both ETFs have the same 0.99% expense ratio. On volatility, FIAT has been the lower-risk option at 14.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FIAT has performed better with a 25.10% return vs -58.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COIW and FIAT have the same expense ratio: 0.99% per year.
COIW has the higher dividend yield at 237.77%, compared with 100.29% for FIAT.
They also come from different issuers: Roundhill and YieldMax.
FIAT currently has the higher Sharpe Ratio (0.47 vs -0.71), 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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