CONY vs. VTIP
CONY (YieldMax COIN Option Income Strategy ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - CONY is a Derivative Income fund actively managed by YieldMax, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. CONY is actively managed, while VTIP is passively managed. Over the past year, CONY returned -49.52% vs 3.58% for VTIP. At a 0.04 correlation, their price movements are largely independent. CONY charges 0.99%/yr vs 0.03%/yr for VTIP.
Performance
CONY vs. VTIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CONY achieves a -26.79% return, which is significantly lower than VTIP's 1.36% return.
CONY
- 1D
- -3.16%
- 1M
- -11.77%
- YTD
- -26.79%
- 6M
- -30.97%
- 1Y
- -49.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- 0.02%
- 1M
- -0.22%
- YTD
- 1.36%
- 6M
- 1.50%
- 1Y
- 3.58%
- 3Y*
- 5.00%
- 5Y*
- 3.28%
- 10Y*
- 3.03%
CONY vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | -26.79% | -26.34% | 23.62% | 76.18% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.36% | 6.07% | 4.74% | 2.71% |
Correlation
The correlation between CONY and VTIP is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CONY vs. VTIP — Risk / Return Rank
CONY
VTIP
CONY vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax COIN Option Income Strategy ETF (CONY) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.80 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.47 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 5.03 | -5.82 |
| Martin ratioReturn relative to average drawdown | -1.24 | 17.90 | -19.14 |
Loading charts...
Drawdowns
CONY vs. VTIP - Drawdown Comparison
The maximum CONY drawdown since its inception was -63.57%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for CONY and VTIP.
Loading charts...
Drawdown Indicators
| CONY | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.57% | -6.27% | -57.30% |
Max Drawdown (1Y)Largest decline over 1 year | -63.39% | -0.71% | -62.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -58.53% | -0.69% | -57.84% |
Average DrawdownAverage peak-to-trough decline | -22.83% | -1.04% | -21.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.89% | 0.20% | +39.69% |
Volatility
CONY vs. VTIP - Volatility Comparison
YieldMax COIN Option Income Strategy ETF (CONY) has a higher volatility of 15.74% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.65%. This indicates that CONY's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CONY | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 0.65% | +15.09% |
Volatility (6M)Calculated over the trailing 6-month period | 44.42% | 1.17% | +43.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.79% | 1.57% | +56.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.89% | 2.77% | +57.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.89% | 2.74% | +57.15% |
CONY vs. VTIP - Expense Ratio Comparison
CONY has a 0.99% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Dividends
CONY vs. VTIP - Dividend Comparison
CONY's dividend yield for the trailing twelve months is around 204.97%, more than VTIP's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 204.97% | 192.07% | 155.66% | 16.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.61% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
CONY and VTIP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONY has higher volatility (15.74%) compared to VTIP (0.65%). In terms of maximum drawdown, CONY dropped -63.57% vs VTIP's -6.27%.
On 1-year performance, VTIP leads with 3.58% vs -49.52% for CONY. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VTIP has performed better with a 3.58% return vs -49.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.99% for CONY.
CONY has the higher dividend yield at 204.97%, compared with 3.61% for VTIP.
CONY is categorized as Derivative Income, while VTIP is Inflation-Protected Bonds. They also come from different issuers: YieldMax and Vanguard. Their fees differ too: 0.99% for CONY and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (2.28 vs -0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CONY and VTIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer