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 -10.97% vs 43.72% 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 -6.21% return, which is significantly lower than IXN's 28.13% return.
DIPS
- 1D
- 2.53%
- 1M
- 0.13%
- 6M
- -7.82%
- YTD
- -6.21%
- 1Y
- -10.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXN
- 1D
- -2.47%
- 1M
- -4.72%
- 6M
- 25.36%
- YTD
- 28.13%
- 1Y
- 43.72%
- 3Y*
- 28.96%
- 5Y*
- 19.50%
- 10Y*
- 23.87%
DIPS vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIPS YieldMax Short NVDA Option Income Strategy ETF | -6.21% | -31.46% | -22.13% |
IXN iShares Global Tech ETF | 28.13% | 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 | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.29 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.18 | -3.60 |
| Martin ratioReturn relative to average drawdown | -1.07 | 9.42 | -10.48 |
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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 | -26.20% | -13.80% | -12.40% |
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 | -54.63% | -10.15% | -44.48% |
Average DrawdownAverage peak-to-trough decline | -39.07% | -11.24% | -27.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.28% | 4.66% | +5.62% |
Volatility
DIPS vs. IXN - Volatility Comparison
The current volatility for YieldMax Short NVDA Option Income Strategy ETF (DIPS) is 9.18%, while iShares Global Tech ETF (IXN) has a volatility of 10.99%. 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 | 9.18% | 10.99% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 22.50% | 22.87% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.86% | 26.28% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.71% | 25.68% | +12.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.71% | 24.75% | +12.96% |
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 67.74%, more than IXN's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIPS YieldMax Short NVDA Option Income Strategy ETF | 67.74% | 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 | 0.82% | 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 (10.99%) compared to DIPS (9.18%). In terms of maximum drawdown, DIPS dropped -59.93% vs IXN's -55.67%.
On 1-year performance, IXN leads with 43.72% vs -10.97% for DIPS. On fees, IXN is cheaper at 0.46% per year. On volatility, DIPS has been the lower-risk option at 9.18%. 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 43.72% return vs -10.97%. 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 67.74%, compared with 0.82% 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 (1.67 vs -0.38), 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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