DHSB vs. HIYY

Last updated Aug 4, 2026

DHSB (Day Hagan Smart Buffer ETF) and HIYY (YieldMax HIMS Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Their 0.32 correlation means their historical movements had little consistent relationship. DHSB charges 0.68%/yr vs 0.99%/yr for HIYY.

Performance

DHSB vs. HIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Day Hagan Smart Buffer ETF (DHSB) and YieldMax HIMS Option Income Strategy ETF (HIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DHSB achieves a 5.52% return, which is significantly higher than HIYY's -6.13% return.

DHSB

• 1D: 0.62%
• 1M: 1.14%
• 6M: 4.85%
• YTD: 5.52%
• 1Y: 9.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.06%

HIYY

• 1D: 8.26%
• 1M: -11.90%
• 6M: 10.15%
• YTD: -6.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DHSB Day Hagan Smart Buffer ETF	$65.64K	$43.33K	$221.24K
HIYY YieldMax HIMS Option Income Strategy ETF	$866.33K	$825.62K	$784.39K

DHSB vs. HIYY - Yearly Performance Comparison

	2026 (YTD)	2025
DHSB Day Hagan Smart Buffer ETF	5.52%	1.76%
HIYY YieldMax HIMS Option Income Strategy ETF	-6.13%	-37.34%

Correlation

The correlation between DHSB and HIYY is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025	0.32

Return for Risk

DHSB vs. HIYY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DHSB

DHSB Risk / Return Rank: 68
DHSB Sharpe Ratio Rank: 54
DHSB Sortino Ratio Rank: 60
DHSB Omega Ratio Rank: 68
DHSB Calmar Ratio Rank: 73
DHSB Martin Ratio Rank: 86

HIYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DHSB vs. HIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Day Hagan Smart Buffer ETF (DHSB) and YieldMax HIMS Option Income Strategy ETF (HIYY). 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.

	DHSB	HIYY	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.80	—	—
Martin ratio: Return relative to average drawdown	13.56	—	—

Drawdowns

DHSB vs. HIYY - Drawdown Comparison

The maximum DHSB drawdown since its inception was -7.65%, smaller than the maximum HIYY drawdown of -73.95%. Use the drawdown chart below to compare losses from any high point for DHSB and HIYY.

Drawdown Indicators

	DHSB	HIYY	Difference
Max Drawdown Largest peak-to-trough decline	-7.65%	-73.95%	+66.30%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	—	—
Current Drawdown Current decline from peak	0.00%	-46.49%	+46.49%
Average Drawdown Average peak-to-trough decline	-0.84%	-43.91%	+43.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	—	—

Volatility

Volatility by Period

	DHSB	HIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.51%	83.89%	-77.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.57%	83.89%	-75.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.57%	83.89%	-75.32%

DHSB vs. HIYY - Expense Ratio Comparison

DHSB has a 0.68% expense ratio, which is lower than HIYY's 0.99% expense ratio.

Dividends

DHSB vs. HIYY - Dividend Comparison

DHSB's dividend yield for the trailing twelve months is around 1.18%, less than HIYY's 112.87% yield.

Position	TTM	2025
DHSB Day Hagan Smart Buffer ETF	1.18%	1.25%
HIYY YieldMax HIMS Option Income Strategy ETF	112.87%	29.99%

Frequently Asked Questions

Can I hold both DHSB and HIYY in my portfolio?

DHSB and HIYY 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, DHSB or HIYY?

On fees, DHSB is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DHSB or HIYY?

DHSB is cheaper with a 0.68% expense ratio, compared with 0.99% for HIYY.

Which ETF pays a higher dividend yield, DHSB or HIYY?

HIYY has the higher dividend yield at 112.87%, compared with 1.18% for DHSB.

What is the main difference between DHSB and HIYY?

They also come from different issuers: Day Hagan and YieldMax. Their fees differ too: 0.68% for DHSB and 0.99% for HIYY.