CRCO vs. CONY
CRCO (YieldMax CRCL Option Income Strategy ETF) and CONY (YieldMax COIN Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. CRCO charges 1.01%/yr vs 0.99%/yr for CONY.
Performance
CRCO vs. CONY - Performance Comparison
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Returns By Period
In the year-to-date period, CRCO achieves a 13.91% return, which is significantly higher than CONY's -24.78% return.
CRCO
- 1D
- 0.68%
- 1M
- -16.10%
- YTD
- 13.91%
- 6M
- 7.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CONY
- 1D
- 0.65%
- 1M
- -14.40%
- YTD
- -24.78%
- 6M
- -35.02%
- 1Y
- -41.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCO vs. CONY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | 13.91% | -36.94% |
CONY YieldMax COIN Option Income Strategy ETF | -24.78% | -30.00% |
Correlation
The correlation between CRCO and CONY is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.69 |
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Return for Risk
CRCO vs. CONY — Risk / Return Rank
CRCO
CONY
CRCO vs. CONY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CRCL Option Income Strategy ETF (CRCO) and YieldMax COIN Option Income Strategy ETF (CONY). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CRCO | CONY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.13 | -0.58 |
Drawdowns
CRCO vs. CONY - Drawdown Comparison
The maximum CRCO drawdown since its inception was -61.75%, roughly equal to the maximum CONY drawdown of -63.57%. Use the drawdown chart below to compare losses from any high point for CRCO and CONY.
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Drawdown Indicators
| CRCO | CONY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -63.57% | +1.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -63.39% | — |
Current DrawdownCurrent decline from peak | -35.95% | -57.39% | +21.44% |
Average DrawdownAverage peak-to-trough decline | -33.20% | -22.22% | -10.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.85% | — |
Volatility
CRCO vs. CONY - Volatility Comparison
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Volatility by Period
| CRCO | CONY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 43.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 86.40% | 58.14% | +28.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.40% | 60.02% | +26.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.40% | 60.02% | +26.38% |
CRCO vs. CONY - Expense Ratio Comparison
CRCO has a 1.01% expense ratio, which is higher than CONY's 0.99% expense ratio.
Dividends
CRCO vs. CONY - Dividend Comparison
CRCO's dividend yield for the trailing twelve months is around 93.61%, less than CONY's 191.74% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 191.74% | 192.07% | 155.66% | 16.43% |
CRCO YieldMax CRCL Option Income Strategy ETF | 93.61% | 35.79% | 0.00% | 0.00% |
Frequently Asked Questions
CRCO and CONY have a correlation of 0.69, 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 1.01% for CRCO.
CONY has the higher dividend yield at 191.74%, compared with 93.61% for CRCO.
Their fees differ too: 1.01% for CRCO and 0.99% for CONY.
Find the right allocation for CRCO and CONY
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