CRSH vs. JOYT

Last updated Jun 4, 2026

CRSH (YieldMax Short TSLA Option Income Strategy ETF) and JOYT (JPMorgan Equity And Options Total Return ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.48, they often move in opposite directions. CRSH charges 0.99%/yr vs 0.35%/yr for JOYT.

Performance

CRSH vs. JOYT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short TSLA Option Income Strategy ETF (CRSH) and JPMorgan Equity And Options Total Return ETF (JOYT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRSH achieves a 3.14% return, which is significantly lower than JOYT's 5.08% return.

CRSH

• 1D: -0.01%
• 1M: -8.50%
• YTD: 3.14%
• 6M: 3.01%
• 1Y: -18.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JOYT

• 1D: -0.20%
• 1M: 2.91%
• YTD: 5.08%
• 6M: 7.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRSH vs. JOYT - Yearly Performance Comparison

	2026 (YTD)	2025
CRSH YieldMax Short TSLA Option Income Strategy ETF	3.14%	-20.18%
JOYT JPMorgan Equity And Options Total Return ETF	5.08%	9.58%

Correlation

The correlation between CRSH and JOYT is -0.48, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	-0.48

Return for Risk

CRSH vs. JOYT — Risk / Return Rank

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

CRSH

CRSH Risk / Return Rank: 4
CRSH Sharpe Ratio Rank: 4
CRSH Sortino Ratio Rank: 5
CRSH Omega Ratio Rank: 5
CRSH Calmar Ratio Rank: 4
CRSH Martin Ratio Rank: 5

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.

CRSH vs. JOYT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short TSLA Option Income Strategy ETF (CRSH) and JPMorgan Equity And Options Total Return ETF (JOYT). 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.

	CRSH	JOYT	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	—	—
Sortino ratio: Return per unit of downside risk	-0.51	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.55	—	—
Martin ratio: Return relative to average drawdown	-0.86	—	—
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

	CRSH	JOYT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	2.10	-2.81

Drawdowns

CRSH vs. JOYT - Drawdown Comparison

The maximum CRSH drawdown since its inception was -63.68%, which is greater than JOYT's maximum drawdown of -6.99%. Use the drawdown chart below to compare losses from any high point for CRSH and JOYT.

Drawdown Indicators

	CRSH	JOYT	Difference
Max Drawdown Largest peak-to-trough decline	-63.68%	-6.99%	-56.69%
Max Drawdown (1Y) Largest decline over 1 year	-33.45%	—	—
Current Drawdown Current decline from peak	-59.42%	-0.20%	-59.22%
Average Drawdown Average peak-to-trough decline	-43.11%	-0.87%	-42.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.14%	—	—

Volatility

Volatility by Period

	CRSH	JOYT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.72%	9.39%	+27.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.50%	9.39%	+38.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.50%	9.39%	+38.11%

CRSH vs. JOYT - Expense Ratio Comparison

CRSH has a 0.99% expense ratio, which is higher than JOYT's 0.35% expense ratio.

Dividends

CRSH vs. JOYT - Dividend Comparison

CRSH's dividend yield for the trailing twelve months is around 96.17%, more than JOYT's 0.45% yield.

Position	TTM	2025	2024
CRSH YieldMax Short TSLA Option Income Strategy ETF	96.17%	138.78%	94.25%
JOYT JPMorgan Equity And Options Total Return ETF	0.45%	0.28%	0.00%

Frequently Asked Questions

Can I hold both CRSH and JOYT in my portfolio?

CRSH and JOYT have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRSH or JOYT?

On fees, JOYT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRSH or JOYT?

JOYT is cheaper with a 0.35% expense ratio, compared with 0.99% for CRSH.

Which ETF pays a higher dividend yield, CRSH or JOYT?

CRSH has the higher dividend yield at 96.17%, compared with 0.45% for JOYT.

What is the main difference between CRSH and JOYT?

They also come from different issuers: YieldMax and JPMorgan. Their fees differ too: 0.99% for CRSH and 0.35% for JOYT.