CONY vs. OARK
Compare and contrast key facts about YieldMax COIN Option Income Strategy ETF (CONY) and YieldMax Innovation Option Income Strategy ETF (OARK).
CONY and OARK 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. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONY or OARK.
Key characteristics
| CONY | OARK | |
|---|---|---|
| YTD Return | 49.78% | 7.75% |
| 1Y Return | 118.14% | 30.45% |
| Sharpe Ratio | 1.87 | 1.18 |
| Sortino Ratio | 2.50 | 1.64 |
| Omega Ratio | 1.30 | 1.22 |
| Calmar Ratio | 3.13 | 1.45 |
| Martin Ratio | 7.29 | 3.65 |
| Ulcer Index | 16.23% | 8.62% |
| Daily Std Dev | 63.14% | 26.60% |
| Max Drawdown | -37.72% | -27.24% |
| Current Drawdown | -1.57% | -1.44% |
Correlation
The correlation between CONY and OARK is 0.72, 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. OARK - Performance Comparison
In the year-to-date period, CONY achieves a 49.78% return, which is significantly higher than OARK's 7.75% 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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CONY vs. OARK - Expense Ratio Comparison
Both CONY and OARK have an expense ratio of 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.
Dividends
CONY vs. OARK - Dividend Comparison
CONY's dividend yield for the trailing twelve months is around 100.04%, more than OARK's 39.22% yield.
| TTM | 2023 | |
|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 100.04% | 16.43% |
OARK YieldMax Innovation Option Income Strategy ETF | 39.22% | 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.
Volatility
CONY vs. OARK - Volatility Comparison
YieldMax COIN Option Income Strategy ETF (CONY) has a higher volatility of 30.54% compared to YieldMax Innovation Option Income Strategy ETF (OARK) at 10.19%. 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.