CONY vs. COIN
CONY (YieldMax COIN Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while COIN (Coinbase Global, Inc.) is a stock. Over the past year, CONY returned -49.35% vs -53.52% for COIN. Their 0.98 correlation means they have historically moved very closely together.
Performance
CONY vs. COIN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CONY achieves a -31.56% return, which is significantly higher than COIN's -35.32% return.
CONY
- 1D
- -9.82%
- 1M
- -8.17%
- 6M
- -20.90%
- YTD
- -31.56%
- 1Y
- -49.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.21%
COIN
- 1D
- -10.59%
- 1M
- -11.61%
- 6M
- -24.89%
- YTD
- -35.32%
- 1Y
- -53.52%
- 3Y*
- 15.82%
- 5Y*
- -9.17%
- 10Y*
- —
- ALL TIME*
- -16.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.37B | $1.19B | $1.50B | |
| $6.79M | $6.47M | $10.17M |
CONY vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | -31.56% | -26.34% | 23.62% | 76.18% |
COIN Coinbase Global, Inc. | -35.32% | -8.92% | 42.77% | 115.22% |
Correlation
The correlation between CONY and COIN 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 CONY and COIN has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CONY vs. COIN — Risk / Return Rank
CONY
COIN
CONY vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax COIN Option Income Strategy ETF (CONY) and Coinbase Global, Inc. (COIN). 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.
| CONY | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.84 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.97 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.45 | -0.03 |
Loading charts...
Drawdowns
CONY vs. COIN - Drawdown Comparison
The maximum CONY drawdown since its inception was -63.57%, smaller than the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for CONY and COIN.
Loading charts...
Drawdown Indicators
| CONY | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.57% | -91.46% | +27.89% |
Max Drawdown (1Y)Largest decline over 1 year | -59.52% | -63.57% | +4.05% |
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 | -61.23% | -65.16% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -24.13% | -52.82% | +28.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.88% | 42.68% | -2.80% |
Volatility
CONY vs. COIN - Volatility Comparison
The current volatility for YieldMax COIN Option Income Strategy ETF (CONY) is 16.98%, while Coinbase Global, Inc. (COIN) has a volatility of 20.29%. This indicates that CONY experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CONY | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.98% | 20.29% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 46.95% | 54.91% | -7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.51% | 69.65% | -10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.91% | 86.15% | -26.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 85.12% | -25.21% |
Dividends
CONY vs. COIN - Dividend Comparison
CONY's dividend yield for the trailing twelve months is around 171.52%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
CONY YieldMax COIN Option Income Strategy ETF | 171.52% | 192.07% | 155.66% | 16.43% |
Frequently Asked Questions
With a correlation of 1.00, CONY and COIN 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 (20.29%) compared to CONY (16.98%). In terms of maximum drawdown, CONY dropped -63.57% vs COIN's -91.46%.
COIN currently has the higher Sharpe Ratio (-0.88 vs -0.97), 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.
Find the right allocation for CONY and COIN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer