CONY vs. COYY

Last updated Jun 3, 2026

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

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

Returns By Period

In the year-to-date period, CONY achieves a -20.81% return, which is significantly higher than COYY's -27.57% return.

CONY

• 1D: -3.59%
• 1M: -7.49%
• YTD: -20.81%
• 6M: -29.16%
• 1Y: -36.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COYY

• 1D: -1.08%
• 1M: -3.77%
• YTD: -27.57%
• 6M: -36.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CONY vs. COYY - Yearly Performance Comparison

	2026 (YTD)	2025
CONY YieldMax COIN Option Income Strategy ETF	-20.81%	-36.89%
COYY GraniteShares YieldBOOST COIN ETF	-27.57%	-38.98%

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 30, 2025	0.90

Return for Risk

CONY vs. COYY — Risk / Return Rank

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

CONY

CONY Risk / Return Rank: 4
CONY Sharpe Ratio Rank: 3
CONY Sortino Ratio Rank: 4
CONY Omega Ratio Rank: 4
CONY Calmar Ratio Rank: 4
CONY Martin Ratio Rank: 4

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. 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.

	CONY	COYY	Difference
Sharpe ratio Return per unit of total volatility	-0.63	—	—
Sortino ratio Return per unit of downside risk	-0.69	—	—
Omega ratio Gain probability vs. loss probability	0.92	—	—
Calmar ratio Return relative to maximum drawdown	-0.57	—	—
Martin ratio Return relative to average drawdown	-0.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CONY	COYY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	-1.71	+1.88

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 -58.26%. Use the drawdown chart below to compare losses from any high point for CONY and COYY.

Drawdown Indicators

	CONY	COYY	Difference
Max Drawdown Largest peak-to-trough decline	-63.57%	-58.26%	-5.31%
Max Drawdown (1Y) Largest decline over 1 year	-63.39%	—	—
Current Drawdown Current decline from peak	-55.14%	-57.36%	+2.22%
Average Drawdown Average peak-to-trough decline	-22.12%	-35.10%	+12.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.50%	—	—

Volatility

Volatility by Period

	CONY	COYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.03%	36.37%	+21.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.00%	36.37%	+23.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.00%	36.37%	+23.63%

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 178.59%, less than COYY's 375.37% yield.

Position	TTM	2025	2024	2023
CONY YieldMax COIN Option Income Strategy ETF	178.59%	192.07%	155.66%	16.43%
COYY GraniteShares YieldBOOST COIN ETF	375.37%	132.14%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CONY and COYY in my portfolio?

With a correlation of 0.90, CONY and COYY 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.

Which ETF is better, CONY or COYY?

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.

Which ETF is cheaper, CONY or COYY?

CONY is cheaper with a 0.99% expense ratio, compared with 1.07% for COYY.

Which ETF pays a higher dividend yield, CONY or COYY?

COYY has the higher dividend yield at 375.37%, compared with 178.59% for CONY.

What is the main difference between CONY and COYY?

They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for CONY and 1.07% for COYY.