FIAT vs. COIW
FIAT (YieldMax Short COIN Option Income Strategy ETF) and COIW (COIN WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FIAT returned 56.58% vs -68.94% for COIW. At a correlation of -0.98, they often move in opposite directions. Both charge a 0.99% expense ratio.
Performance
FIAT vs. COIW - Performance Comparison
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Returns By Period
In the year-to-date period, FIAT achieves a 14.54% return, which is significantly higher than COIW's -37.87% return.
FIAT
- 1D
- 1.15%
- 1M
- -1.13%
- 6M
- 20.55%
- YTD
- 14.54%
- 1Y
- 56.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIW
- 1D
- -1.35%
- 1M
- -2.31%
- 6M
- -43.17%
- YTD
- -37.87%
- 1Y
- -68.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT vs. COIW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 14.54% | -20.73% |
COIW COIN WeeklyPay™ ETF | -37.87% | -25.92% |
Correlation
The correlation between FIAT and COIW is -0.98, 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 | -0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | -0.98 |
The correlation between FIAT and COIW has been stable across timeframes, ranging from -0.98 to -0.98 - a consistent structural relationship.
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Return for Risk
FIAT vs. COIW — Risk / Return Rank
FIAT
COIW
FIAT vs. COIW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short COIN Option Income Strategy ETF (FIAT) and COIN WeeklyPay™ ETF (COIW). 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 | COIW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.84 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | -0.92 | +2.58 |
| Martin ratioReturn relative to average drawdown | 3.58 | -1.33 | +4.90 |
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Drawdowns
FIAT vs. COIW - Drawdown Comparison
The maximum FIAT drawdown since its inception was -70.50%, smaller than the maximum COIW drawdown of -75.01%. Use the drawdown chart below to compare losses from any high point for FIAT and COIW.
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Drawdown Indicators
| FIAT | COIW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -75.01% | +4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -34.22% | -75.01% | +40.79% |
Current DrawdownCurrent decline from peak | -50.63% | -71.87% | +21.24% |
Average DrawdownAverage peak-to-trough decline | -45.52% | -40.53% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.86% | 52.02% | -36.16% |
Volatility
FIAT vs. COIW - Volatility Comparison
The current volatility for YieldMax Short COIN Option Income Strategy ETF (FIAT) is 14.26%, while COIN WeeklyPay™ ETF (COIW) has a volatility of 20.49%. This indicates that FIAT experiences smaller price fluctuations and is considered to be less risky than COIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIAT | COIW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 20.49% | -6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 43.65% | 64.13% | -20.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.65% | 82.00% | -29.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.04% | 89.86% | -29.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.04% | 89.86% | -29.82% |
FIAT vs. COIW - Expense Ratio Comparison
Both FIAT and COIW have an expense ratio of 0.99%.
Dividends
FIAT vs. COIW - Dividend Comparison
FIAT's dividend yield for the trailing twelve months is around 104.63%, less than COIW's 237.73% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COIW COIN WeeklyPay™ ETF | 237.73% | 120.37% | 0.00% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 104.63% | 178.11% | 70.99% |
Frequently Asked Questions
FIAT and COIW have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIW has higher volatility (20.49%) compared to FIAT (14.26%). In terms of maximum drawdown, FIAT dropped -70.50% vs COIW's -75.01%.
On 1-year performance, FIAT leads with 56.58% vs -68.94% for COIW. Both ETFs have the same 0.99% expense ratio. On volatility, FIAT has been the lower-risk option at 14.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FIAT has performed better with a 56.58% return vs -68.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIAT and COIW have the same expense ratio: 0.99% per year.
COIW has the higher dividend yield at 237.73%, compared with 104.63% for FIAT.
They also come from different issuers: YieldMax and Roundhill.
FIAT currently has the higher Sharpe Ratio (1.08 vs -0.84), 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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