CONY vs. COIW

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax COIN Option Income Strategy ETF (CONY) and COIN WeeklyPay™ ETF (COIW).

CONY and COIW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023. COIW is an actively managed fund by Roundhill. It was launched on Feb 18, 2025.

Performance

CONY vs. COIW - Performance Comparison

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

CONY vs. COIW - Yearly Performance Comparison

	2026 (YTD)	2025
CONY YieldMax COIN Option Income Strategy ETF	-22.28%	-28.95%
COIW COIN WeeklyPay™ ETF	-28.55%	-23.77%

Returns By Period

In the year-to-date period, CONY achieves a -22.28% return, which is significantly higher than COIW's -28.55% return.

CONY

• 1D: -0.65%
• 1M: -4.43%
• YTD: -22.28%
• 6M: -46.53%
• 1Y: -21.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COIW

• 1D: -0.98%
• 1M: -8.42%
• YTD: -28.55%
• 6M: -58.34%
• 1Y: -11.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CONY vs. COIW - Expense Ratio Comparison

Both CONY and COIW have an expense ratio of 0.99%.

CONY

YieldMax COIN Option Income Strategy ETF

COIW

COIN WeeklyPay™ ETF

Return for Risk

CONY vs. COIW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CONY

CONY Risk / Return Rank: 7
CONY Sharpe Ratio Rank: 5
CONY Sortino Ratio Rank: 7
CONY Omega Ratio Rank: 7
CONY Calmar Ratio Rank: 7
CONY Martin Ratio Rank: 7

COIW

COIW Risk / Return Rank: 13
COIW Sharpe Ratio Rank: 9
COIW Sortino Ratio Rank: 18
COIW Omega Ratio Rank: 17
COIW Calmar Ratio Rank: 10
COIW Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CONY vs. COIW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax COIN Option Income Strategy ETF (CONY) and COIN WeeklyPay™ ETF (COIW). 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.

	CONY	COIW	Difference
Sharpe ratio Return per unit of total volatility	-0.37	-0.12	-0.25
Sortino ratio Return per unit of downside risk	-0.18	0.51	-0.69
Omega ratio Gain probability vs. loss probability	0.98	1.06	-0.08
Calmar ratio Return relative to maximum drawdown	-0.33	-0.13	-0.20
Martin ratio Return relative to average drawdown	-0.67	-0.25	-0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CONY vs. COIW - Sharpe Ratio Comparison

The current CONY Sharpe Ratio is -0.37, which is lower than the COIW Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of CONY and COIW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CONY	COIW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	-0.12	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.45	+0.62

Correlation

The correlation between CONY and COIW is 0.99, 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.

Dividends

CONY vs. COIW - Dividend Comparison

CONY's dividend yield for the trailing twelve months is around 213.07%, more than COIW's 202.89% yield.

	TTM	2025	2024	2023
CONY YieldMax COIN Option Income Strategy ETF	213.07%	192.07%	155.66%	16.43%
COIW COIN WeeklyPay™ ETF	202.89%	120.37%	0.00%	0.00%

Drawdowns

CONY vs. COIW - Drawdown Comparison

The maximum CONY drawdown since its inception was -63.57%, smaller than the maximum COIW drawdown of -74.55%. Use the drawdown chart below to compare losses from any high point for CONY and COIW.

Drawdown Indicators

	CONY	COIW	Difference
Max Drawdown Largest peak-to-trough decline	-63.57%	-74.55%	+10.98%
Max Drawdown (1Y) Largest decline over 1 year	-63.39%	-74.55%	+11.16%
Current Drawdown Current decline from peak	-55.97%	-67.65%	+11.68%
Average Drawdown Average peak-to-trough decline	-20.23%	-33.68%	+13.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.10%	38.63%	-7.53%

Volatility

CONY vs. COIW - Volatility Comparison

The current volatility for YieldMax COIN Option Income Strategy ETF (CONY) is 19.71%, while COIN WeeklyPay™ ETF (COIW) has a volatility of 28.20%. This indicates that CONY experiences smaller price fluctuations and is considered to be less risky than COIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CONY	COIW	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.71%	28.20%	-8.49%
Volatility (6M) Calculated over the trailing 6-month period	44.87%	63.40%	-18.53%
Volatility (1Y) Calculated over the trailing 1-year period	59.46%	91.52%	-32.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.49%	93.23%	-32.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.49%	93.23%	-32.74%