DIPS vs. IXN
DIPS (YieldMax Short NVDA Option Income Strategy ETF) and IXN (iShares Global Tech ETF) are both exchange-traded funds - DIPS is a Derivative Income fund actively managed by YieldMax, while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. DIPS is actively managed, while IXN is passively managed. Over the past year, DIPS returned -19.67% vs 56.10% for IXN. At a correlation of -0.74, they often move in opposite directions. DIPS charges 0.99%/yr vs 0.46%/yr for IXN.
Performance
DIPS vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, DIPS achieves a -3.11% return, which is significantly lower than IXN's 32.43% return.
DIPS
- 1D
- 0.65%
- 1M
- 7.53%
- YTD
- -3.11%
- 6M
- -2.24%
- 1Y
- -19.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXN
- 1D
- -0.34%
- 1M
- 2.75%
- YTD
- 32.43%
- 6M
- 31.37%
- 1Y
- 56.10%
- 3Y*
- 32.79%
- 5Y*
- 20.91%
- 10Y*
- 25.25%
DIPS vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIPS YieldMax Short NVDA Option Income Strategy ETF | -3.11% | -31.46% | -22.13% |
IXN iShares Global Tech ETF | 32.43% | 25.25% | 2.73% |
Correlation
The correlation between DIPS and IXN is -0.69, 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 (1Y) Calculated over the trailing 1-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | -0.74 |
The correlation between DIPS and IXN has been stable across timeframes, ranging from -0.74 to -0.69 - a consistent structural relationship.
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Return for Risk
DIPS vs. IXN — Risk / Return Rank
DIPS
IXN
DIPS vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short NVDA Option Income Strategy ETF (DIPS) and iShares Global Tech ETF (IXN). 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.
| DIPS | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.38 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 4.09 | -4.78 |
| Martin ratioReturn relative to average drawdown | -1.39 | 13.10 | -14.49 |
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Drawdowns
DIPS vs. IXN - Drawdown Comparison
The maximum DIPS drawdown since its inception was -59.93%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for DIPS and IXN.
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Drawdown Indicators
| DIPS | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.93% | -55.67% | -4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -28.54% | -13.80% | -14.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.30% | — |
Current DrawdownCurrent decline from peak | -53.13% | -7.14% | -45.99% |
Average DrawdownAverage peak-to-trough decline | -38.61% | -11.25% | -27.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.31% | 4.30% | +13.01% |
Volatility
DIPS vs. IXN - Volatility Comparison
The current volatility for YieldMax Short NVDA Option Income Strategy ETF (DIPS) is 9.79%, while iShares Global Tech ETF (IXN) has a volatility of 14.03%. This indicates that DIPS experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIPS | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.79% | 14.03% | -4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 21.67% | 21.48% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.80% | 25.20% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.91% | 25.45% | +12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.91% | 24.67% | +13.24% |
DIPS vs. IXN - Expense Ratio Comparison
DIPS has a 0.99% expense ratio, which is higher than IXN's 0.46% expense ratio.
Dividends
DIPS vs. IXN - Dividend Comparison
DIPS's dividend yield for the trailing twelve months is around 60.12%, more than IXN's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIPS YieldMax Short NVDA Option Income Strategy ETF | 60.12% | 96.20% | 24.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXN iShares Global Tech ETF | 0.79% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
Frequently Asked Questions
DIPS and IXN 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.
IXN has higher volatility (14.03%) compared to DIPS (9.79%). In terms of maximum drawdown, DIPS dropped -59.93% vs IXN's -55.67%.
On 1-year performance, IXN leads with 56.10% vs -19.67% for DIPS. On fees, IXN is cheaper at 0.46% per year. On volatility, DIPS has been the lower-risk option at 9.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IXN has performed better with a 56.10% return vs -19.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXN is cheaper with a 0.46% expense ratio, compared with 0.99% for DIPS.
DIPS has the higher dividend yield at 60.12%, compared with 0.79% for IXN.
DIPS is categorized as Derivative Income, while IXN is Technology Equities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for DIPS and 0.46% for IXN.
IXN currently has the higher Sharpe Ratio (2.24 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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