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CONY vs. OARK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CONY and OARK is 0.71, 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.


-0.50.00.51.00.7

Performance

CONY vs. OARK - Performance Comparison

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

0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
146.27%
22.10%
CONY
OARK

Key characteristics

Sharpe Ratio

CONY:

0.70

OARK:

0.56

Sortino Ratio

CONY:

1.39

OARK:

0.90

Omega Ratio

CONY:

1.16

OARK:

1.12

Calmar Ratio

CONY:

1.22

OARK:

0.70

Martin Ratio

CONY:

2.80

OARK:

1.76

Ulcer Index

CONY:

16.44%

OARK:

8.68%

Daily Std Dev

CONY:

66.07%

OARK:

27.07%

Max Drawdown

CONY:

-37.72%

OARK:

-27.24%

Current Drawdown

CONY:

-15.37%

OARK:

-4.15%

Returns By Period

In the year-to-date period, CONY achieves a 36.03% return, which is significantly higher than OARK's 11.21% return.


CONY

YTD

36.03%

1M

-7.75%

6M

16.57%

1Y

43.01%

5Y*

N/A

10Y*

N/A

OARK

YTD

11.21%

1M

5.92%

6M

24.59%

1Y

13.24%

5Y*

N/A

10Y*

N/A

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CONY vs. OARK - Expense Ratio Comparison

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


CONY
YieldMax COIN Option Income Strategy ETF
Expense ratio chart for CONY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for OARK: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Risk-Adjusted Performance

CONY vs. OARK - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for CONY, currently valued at 0.70, compared to the broader market0.002.004.000.700.56
The chart of Sortino ratio for CONY, currently valued at 1.39, compared to the broader market-2.000.002.004.006.008.0010.001.390.90
The chart of Omega ratio for CONY, currently valued at 1.16, compared to the broader market0.501.001.502.002.503.001.161.12
The chart of Calmar ratio for CONY, currently valued at 1.22, compared to the broader market0.005.0010.0015.001.220.79
The chart of Martin ratio for CONY, currently valued at 2.80, compared to the broader market0.0020.0040.0060.0080.00100.002.801.76
CONY
OARK

The current CONY Sharpe Ratio is 0.70, which is comparable to the OARK Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of CONY and OARK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00Aug 18Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15
0.70
0.56
CONY
OARK

Dividends

CONY vs. OARK - Dividend Comparison

CONY's dividend yield for the trailing twelve months is around 141.44%, more than OARK's 41.78% yield.


TTM2023
CONY
YieldMax COIN Option Income Strategy ETF
141.44%16.44%
OARK
YieldMax Innovation Option Income Strategy ETF
41.78%45.04%

Drawdowns

CONY vs. OARK - Drawdown Comparison

The maximum CONY drawdown since its inception was -37.72%, which is greater than OARK's maximum drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for CONY and OARK. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-15.37%
-4.15%
CONY
OARK

Volatility

CONY vs. OARK - Volatility Comparison

YieldMax COIN Option Income Strategy ETF (CONY) has a higher volatility of 19.56% compared to YieldMax Innovation Option Income Strategy ETF (OARK) at 8.03%. This indicates that CONY's price experiences larger fluctuations and is considered to be riskier than OARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%JulyAugustSeptemberOctoberNovemberDecember
19.56%
8.03%
CONY
OARK
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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