DDDD vs. PEPS

Last updated Jun 5, 2026

DDDD (YieldMax U.S. Stocks Target Double Distribution ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. DDDD charges 0.99%/yr vs 0.10%/yr for PEPS.

Performance

DDDD vs. PEPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax U.S. Stocks Target Double Distribution ETF (DDDD) and Parametric Equity Plus ETF (PEPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDDD

• 1D: 0.79%
• 1M: 2.76%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PEPS

• 1D: 0.39%
• 1M: 5.83%
• YTD: 11.10%
• 6M: 11.19%
• 1Y: 32.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDDD vs. PEPS - Yearly Performance Comparison

	2026 (YTD)
DDDD YieldMax U.S. Stocks Target Double Distribution ETF	5.91%
PEPS Parametric Equity Plus ETF	13.70%

Correlation

The correlation between DDDD and PEPS is 0.32, 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 Mar 13, 2026	0.32

Return for Risk

DDDD vs. PEPS — Risk / Return Rank

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

PEPS

PEPS Risk / Return Rank: 75
PEPS Sharpe Ratio Rank: 78
PEPS Sortino Ratio Rank: 73
PEPS Omega Ratio Rank: 77
PEPS Calmar Ratio Rank: 67
PEPS Martin Ratio Rank: 80

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.

DDDD vs. PEPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax U.S. Stocks Target Double Distribution ETF (DDDD) and Parametric Equity Plus ETF (PEPS). 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.

Sharpe Ratios by Period

	DDDD	PEPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.94	1.06	+1.88

Drawdowns

DDDD vs. PEPS - Drawdown Comparison

The maximum DDDD drawdown since its inception was -1.88%, smaller than the maximum PEPS drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for DDDD and PEPS.

Drawdown Indicators

	DDDD	PEPS	Difference
Max Drawdown Largest peak-to-trough decline	-1.88%	-21.26%	+19.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.80%	—
Current Drawdown Current decline from peak	-0.44%	-0.13%	-0.31%
Average Drawdown Average peak-to-trough decline	-0.59%	-2.76%	+2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.09%	—

Volatility

Volatility by Period

	DDDD	PEPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	13.05%	-3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.71%	18.28%	-8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.71%	18.28%	-8.57%

DDDD vs. PEPS - Expense Ratio Comparison

DDDD has a 0.99% expense ratio, which is higher than PEPS's 0.10% expense ratio.

Dividends

DDDD vs. PEPS - Dividend Comparison

DDDD has not paid dividends to shareholders, while PEPS's dividend yield for the trailing twelve months is around 0.88%.

Position	TTM	2025	2024
DDDD YieldMax U.S. Stocks Target Double Distribution ETF	0.00%	0.00%	0.00%
PEPS Parametric Equity Plus ETF	0.88%	1.00%	0.17%

Frequently Asked Questions

Can I hold both DDDD and PEPS in my portfolio?

DDDD and PEPS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDDD or PEPS?

On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDDD or PEPS?

PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for DDDD.

Which ETF pays a higher dividend yield, DDDD or PEPS?

PEPS has the higher dividend yield at 0.88%, compared with 0.00% for DDDD.

What is the main difference between DDDD and PEPS?

They also come from different issuers: YieldMax and Parametric. Their fees differ too: 0.99% for DDDD and 0.10% for PEPS.