CONY vs. COYY
CONY (YieldMax COIN Option Income Strategy ETF) and COYY (GraniteShares YieldBOOST COIN ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. CONY charges 0.99%/yr vs 1.07%/yr for COYY.
Performance
CONY vs. COYY - Performance Comparison
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Returns By Period
In the year-to-date period, CONY achieves a -24.40% return, which is significantly higher than COYY's -30.14% return.
CONY
- 1D
- 1.00%
- 1M
- -8.90%
- YTD
- -24.40%
- 6M
- -29.90%
- 1Y
- -47.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COYY
- 1D
- 0.10%
- 1M
- -5.94%
- YTD
- -30.14%
- 6M
- -37.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CONY vs. COYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | -24.40% | -38.12% |
COYY GraniteShares YieldBOOST COIN ETF | -30.14% | -40.04% |
Correlation
The correlation between CONY and COYY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 29, 2025 | 0.90 |
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Return for Risk
CONY vs. COYY — Risk / Return Rank
CONY
COYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CONY vs. COYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax COIN Option Income Strategy ETF (CONY) and GraniteShares YieldBOOST COIN ETF (COYY). 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 | COYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.86 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | — | — |
| Martin ratioReturn relative to average drawdown | -1.20 | — | — |
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Drawdowns
CONY vs. COYY - Drawdown Comparison
The maximum CONY drawdown since its inception was -63.57%, which is greater than COYY's maximum drawdown of -59.60%. Use the drawdown chart below to compare losses from any high point for CONY and COYY.
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Drawdown Indicators
| CONY | COYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.57% | -59.60% | -3.97% |
Max Drawdown (1Y)Largest decline over 1 year | -63.39% | — | — |
Current DrawdownCurrent decline from peak | -57.17% | -58.87% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -36.33% | +13.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.72% | — | — |
Volatility
CONY vs. COYY - Volatility Comparison
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Volatility by Period
| CONY | COYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 44.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 57.83% | 35.48% | +22.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.90% | 35.48% | +24.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.90% | 35.48% | +24.42% |
CONY vs. COYY - Expense Ratio Comparison
CONY has a 0.99% expense ratio, which is lower than COYY's 1.07% expense ratio.
Dividends
CONY vs. COYY - Dividend Comparison
CONY's dividend yield for the trailing twelve months is around 198.50%, less than COYY's 410.37% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 198.50% | 192.07% | 155.66% | 16.43% |
COYY GraniteShares YieldBOOST COIN ETF | 410.37% | 132.14% | 0.00% | 0.00% |
Frequently Asked Questions
CONY and COYY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CONY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CONY is cheaper with a 0.99% expense ratio, compared with 1.07% for COYY.
COYY has the higher dividend yield at 410.37%, compared with 198.50% for CONY.
They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for CONY and 1.07% for COYY.
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