FIAT vs. COIN
FIAT (YieldMax Short COIN Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while COIN (Coinbase Global, Inc.) is a stock. Over the past year, FIAT returned 56.58% vs -59.34% for COIN. At a correlation of -0.97, they often move in opposite directions.
Performance
FIAT vs. COIN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIAT achieves a 14.54% return, which is significantly higher than COIN's -30.41% return.
FIAT
- 1D
- 1.15%
- 1M
- -1.13%
- 6M
- 20.55%
- YTD
- 14.54%
- 1Y
- 56.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- -1.07%
- 1M
- -1.51%
- 6M
- -35.23%
- YTD
- -30.41%
- 1Y
- -59.34%
- 3Y*
- 14.33%
- 5Y*
- -7.30%
- 10Y*
- —
FIAT vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 14.54% | -24.17% | -28.04% |
COIN Coinbase Global, Inc. | -30.41% | -8.92% | 12.88% |
Correlation
The correlation between FIAT and COIN is -0.99, 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 | -0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | -0.97 |
The correlation between FIAT and COIN has been stable across timeframes, ranging from -0.99 to -0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FIAT vs. COIN — Risk / Return Rank
FIAT
COIN
FIAT vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short COIN Option Income Strategy ETF (FIAT) and Coinbase Global, Inc. (COIN). 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.
| FIAT | COIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.84 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | -0.90 | +2.56 |
| Martin ratioReturn relative to average drawdown | 3.58 | -1.34 | +4.92 |
Loading charts...
Drawdowns
FIAT vs. COIN - Drawdown Comparison
The maximum FIAT drawdown since its inception was -70.50%, smaller than the maximum COIN drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for FIAT and COIN.
Loading charts...
Drawdown Indicators
| FIAT | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -91.46% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -34.22% | -66.39% | +32.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.90% | — |
Current DrawdownCurrent decline from peak | -50.63% | -62.51% | +11.88% |
Average DrawdownAverage peak-to-trough decline | -45.52% | -52.73% | +7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.86% | 44.40% | -28.54% |
Volatility
FIAT vs. COIN - Volatility Comparison
The current volatility for YieldMax Short COIN Option Income Strategy ETF (FIAT) is 14.26%, while Coinbase Global, Inc. (COIN) has a volatility of 17.14%. This indicates that FIAT experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIAT | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 17.14% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 43.65% | 52.80% | -9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.65% | 67.63% | -14.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.04% | 85.97% | -25.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.04% | 85.18% | -25.14% |
Dividends
FIAT vs. COIN - Dividend Comparison
FIAT's dividend yield for the trailing twelve months is around 104.63%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 104.63% | 178.11% | 70.99% |
Frequently Asked Questions
FIAT and COIN have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (17.14%) compared to FIAT (14.26%). In terms of maximum drawdown, FIAT dropped -70.50% vs COIN's -91.46%.
FIAT currently has the higher Sharpe Ratio (1.08 vs -0.88), 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.
Find the right allocation for FIAT and COIN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer