CONY vs. COIN
Compare and contrast key facts about YieldMax COIN Option Income Strategy ETF (CONY) and Coinbase Global, Inc. (COIN).
CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONY or COIN.
Key characteristics
| CONY | COIN | |
|---|---|---|
| YTD Return | 35.03% | 63.71% |
| 1Y Return | 96.38% | 209.18% |
| Sharpe Ratio | 1.51 | 2.41 |
| Sortino Ratio | 2.18 | 2.99 |
| Omega Ratio | 1.26 | 1.34 |
| Calmar Ratio | 2.56 | 2.79 |
| Martin Ratio | 5.95 | 9.00 |
| Ulcer Index | 16.24% | 23.05% |
| Daily Std Dev | 63.96% | 85.95% |
| Max Drawdown | -37.72% | -90.90% |
| Current Drawdown | -11.27% | -20.33% |
Correlation
The correlation between CONY and COIN 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.
Performance
CONY vs. COIN - Performance Comparison
In the year-to-date period, CONY achieves a 35.03% return, which is significantly lower than COIN's 63.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CONY vs. COIN - Risk-Adjusted Performance 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.
Dividends
CONY vs. COIN - Dividend Comparison
CONY's dividend yield for the trailing twelve months is around 110.97%, while COIN has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 110.97% | 16.43% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% |
Drawdowns
CONY vs. COIN - Drawdown Comparison
The maximum CONY drawdown since its inception was -37.72%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for CONY and COIN. For additional features, visit the drawdowns tool.
Volatility
CONY vs. COIN - Volatility Comparison
The current volatility for YieldMax COIN Option Income Strategy ETF (CONY) is 32.88%, while Coinbase Global, Inc. (COIN) has a volatility of 42.15%. 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.