FEAT vs. FIVY

Last updated Jun 23, 2026

FEAT (YieldMax Dorsey Wright Featured 5 Income ETF) and FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) are both Derivative Income funds from YieldMax - FEAT tracks the Nasdaq Dorsey Wright Tactical Option Income Strategy Index while FIVY tracks the Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index. Both are passively managed. Over the past year, FEAT returned -9.24% vs -6.85% for FIVY. With a 0.99 correlation, they move nearly in lockstep. FEAT charges 1.28%/yr vs 0.88%/yr for FIVY.

Performance

FEAT vs. FIVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEAT achieves a -6.78% return, which is significantly lower than FIVY's -6.12% return.

FEAT

• 1D: 0.00%
• 1M: -1.87%
• YTD: -6.78%
• 6M: -9.17%
• 1Y: -9.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIVY

• 1D: 0.00%
• 1M: -1.85%
• YTD: -6.12%
• 6M: -8.96%
• 1Y: -6.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEAT vs. FIVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	-6.78%	-4.21%	-9.44%
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%

Correlation

The correlation between FEAT and FIVY is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.99

The correlation between FEAT and FIVY has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

FEAT vs. FIVY — Risk / Return Rank

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

FEAT

FEAT Risk / Return Rank: 6
FEAT Sharpe Ratio Rank: 6
FEAT Sortino Ratio Rank: 6
FEAT Omega Ratio Rank: 6
FEAT Calmar Ratio Rank: 6
FEAT Martin Ratio Rank: 6

FIVY

FIVY Risk / Return Rank: 7
FIVY Sharpe Ratio Rank: 7
FIVY Sortino Ratio Rank: 7
FIVY Omega Ratio Rank: 7
FIVY Calmar Ratio Rank: 7
FIVY Martin Ratio Rank: 7

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.

FEAT vs. FIVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY). 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.

	FEAT	FIVY	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	-0.22	-0.10
Sortino ratio: Return per unit of downside risk	-0.25	-0.09	-0.16
Omega ratio: Gain probability vs. loss probability	0.97	0.99	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.29	-0.21	-0.08
Martin ratio: Return relative to average drawdown	-0.57	-0.42	-0.15

FEAT vs. FIVY - Sharpe Ratio Comparison

The current FEAT Sharpe Ratio is -0.32, which is lower than the FIVY Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of FEAT and FIVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEAT vs. FIVY - Drawdown Comparison

The maximum FEAT drawdown since its inception was -31.68%, roughly equal to the maximum FIVY drawdown of -32.77%. Use the drawdown chart below to compare losses from any high point for FEAT and FIVY.

Drawdown Indicators

	FEAT	FIVY	Difference
Max Drawdown Largest peak-to-trough decline	-31.68%	-32.77%	+1.09%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-32.77%	+1.09%
Current Drawdown Current decline from peak	-20.04%	-19.89%	-0.15%
Average Drawdown Average peak-to-trough decline	-13.59%	-13.63%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.32%	16.50%	-0.18%

Volatility

FEAT vs. FIVY - Volatility Comparison

The current volatility for YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) is 8.05%, while YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) has a volatility of 8.69%. This indicates that FEAT experiences smaller price fluctuations and is considered to be less risky than FIVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEAT	FIVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.05%	8.69%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	20.46%	22.19%	-1.73%
Volatility (1Y) Calculated over the trailing 1-year period	28.84%	31.27%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.41%	32.90%	-2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.41%	32.90%	-2.49%

FEAT vs. FIVY - Expense Ratio Comparison

FEAT has a 1.28% expense ratio, which is higher than FIVY's 0.88% expense ratio.

Dividends

FEAT vs. FIVY - Dividend Comparison

FEAT's dividend yield for the trailing twelve months is around 85.92%, more than FIVY's 47.61% yield.

Position	TTM	2025
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	85.92%	76.35%
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	47.61%	46.51%

Frequently Asked Questions

Can I hold both FEAT and FIVY in my portfolio?

With a correlation of 0.99, FEAT and FIVY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FEAT or FIVY?

FIVY has higher volatility (8.69%) compared to FEAT (8.05%). In terms of maximum drawdown, FEAT dropped -31.68% vs FIVY's -32.77%.

Which ETF is better, FEAT or FIVY?

On 1-year performance, FIVY leads with -6.85% vs -9.24% for FEAT. On fees, FIVY is cheaper at 0.88% per year. On volatility, FEAT has been the lower-risk option at 8.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEAT or FIVY?

Over the 1-year period, FIVY has performed better with a -6.85% return vs -9.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEAT or FIVY?

FIVY is cheaper with a 0.88% expense ratio, compared with 1.28% for FEAT.

Which ETF pays a higher dividend yield, FEAT or FIVY?

FEAT has the higher dividend yield at 85.92%, compared with 47.61% for FIVY.

What is the main difference between FEAT and FIVY?

FEAT tracks Nasdaq Dorsey Wright Tactical Option Income Strategy Index, while FIVY tracks Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index. Their fees differ too: 1.28% for FEAT and 0.88% for FIVY.

Which has better risk-adjusted returns?

FIVY currently has the higher Sharpe Ratio (-0.22 vs -0.32), 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.