CWII vs. SQY
CWII (REX CRWV Growth & Income ETF) and SQY (YieldMax SQ Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. CWII charges 1.03%/yr vs 1.01%/yr for SQY.
Performance
CWII vs. SQY - Performance Comparison
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Returns By Period
In the year-to-date period, CWII achieves a 37.23% return, which is significantly higher than SQY's -1.01% return.
CWII
- 1D
- -5.26%
- 1M
- -7.64%
- YTD
- 37.23%
- 6M
- 17.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQY
- 1D
- -5.22%
- 1M
- -4.39%
- YTD
- -1.01%
- 6M
- 6.08%
- 1Y
- -0.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWII vs. SQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CWII REX CRWV Growth & Income ETF | 37.23% | -42.16% |
SQY YieldMax SQ Option Income Strategy ETF | -1.01% | -9.12% |
Correlation
The correlation between CWII and SQY is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.19 |
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Return for Risk
CWII vs. SQY — Risk / Return Rank
CWII
SQY
CWII vs. SQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX CRWV Growth & Income ETF (CWII) and YieldMax SQ Option Income Strategy ETF (SQY). 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
| CWII | SQY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.19 | -0.57 |
Drawdowns
CWII vs. SQY - Drawdown Comparison
The maximum CWII drawdown since its inception was -48.46%, smaller than the maximum SQY drawdown of -52.30%. Use the drawdown chart below to compare losses from any high point for CWII and SQY.
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Drawdown Indicators
| CWII | SQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.46% | -52.30% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -37.72% | — |
Current DrawdownCurrent decline from peak | -20.63% | -37.84% | +17.21% |
Average DrawdownAverage peak-to-trough decline | -30.55% | -21.82% | -8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.18% | — |
Volatility
CWII vs. SQY - Volatility Comparison
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Volatility by Period
| CWII | SQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.61% | 38.83% | +49.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.61% | 42.20% | +46.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.61% | 42.20% | +46.41% |
CWII vs. SQY - Expense Ratio Comparison
CWII has a 1.03% expense ratio, which is higher than SQY's 1.01% expense ratio.
Dividends
CWII vs. SQY - Dividend Comparison
CWII's dividend yield for the trailing twelve months is around 20.73%, less than SQY's 109.42% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CWII REX CRWV Growth & Income ETF | 20.73% | 6.09% | 0.00% | 0.00% |
SQY YieldMax SQ Option Income Strategy ETF | 109.42% | 95.35% | 62.54% | 9.85% |
Frequently Asked Questions
CWII and SQY have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SQY is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SQY is cheaper with a 1.01% expense ratio, compared with 1.03% for CWII.
SQY has the higher dividend yield at 109.42%, compared with 20.73% for CWII.
They also come from different issuers: REX Shares and YieldMax. Their fees differ too: 1.03% for CWII and 1.01% for SQY.
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