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FIAT vs. COIW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

FIAT vs. COIW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short COIN Option Income Strategy ETF (FIAT) and COIN WeeklyPay™ ETF (COIW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FIAT achieves a 16.16% return, which is significantly higher than COIW's -37.10% return.


FIAT

1D
2.82%
1M
11.72%
YTD
16.16%
6M
21.46%
1Y
25.10%
3Y*
5Y*
10Y*

COIW

1D
-4.43%
1M
-17.85%
YTD
-37.10%
6M
-42.22%
1Y
-58.88%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIAT vs. COIW - Yearly Performance Comparison


2026 (YTD)2025
FIAT
YieldMax Short COIN Option Income Strategy ETF
16.16%-20.73%
COIW
COIN WeeklyPay™ ETF
-37.10%-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

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

FIAT
FIAT Risk / Return Rank: 1717
Overall Rank
FIAT Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
FIAT Sortino Ratio Rank: 1818
Sortino Ratio Rank
FIAT Omega Ratio Rank: 1919
Omega Ratio Rank
FIAT Calmar Ratio Rank: 1818
Calmar Ratio Rank
FIAT Martin Ratio Rank: 1616
Martin Ratio Rank

COIW
COIW Risk / Return Rank: 33
Overall Rank
COIW Sharpe Ratio Rank: 33
Sharpe Ratio Rank
COIW Sortino Ratio Rank: 33
Sortino Ratio Rank
COIW Omega Ratio Rank: 44
Omega Ratio Rank
COIW Calmar Ratio Rank: 22
Calmar Ratio Rank
COIW Martin Ratio Rank: 33
Martin Ratio Rank
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.

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.


FIATCOIWDifference
Sharpe ratioReturn per unit of total volatility

+1.18

Sortino ratioReturn per unit of downside risk

+1.89

Omega ratioGain probability vs. loss probability

1.13

0.89

+0.23

Calmar ratioReturn relative to maximum drawdown

0.74

-0.79

+1.53

Martin ratioReturn relative to average drawdown

1.60

-1.19

+2.79

FIAT vs. COIW - Sharpe Ratio Comparison

The current FIAT Sharpe Ratio is 0.47, which is higher than the COIW Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of FIAT and COIW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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 -74.55%. Use the drawdown chart below to compare losses from any high point for FIAT and COIW.


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Drawdown Indicators


FIATCOIWDifference

Max Drawdown

Largest peak-to-trough decline

-70.50%

-74.55%

+4.05%

Max Drawdown (1Y)

Largest decline over 1 year

-34.22%

-74.55%

+40.33%

Current Drawdown

Current decline from peak

-49.94%

-71.52%

+21.58%

Average Drawdown

Average peak-to-trough decline

-45.40%

-39.31%

-6.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.71%

49.39%

-31.68%

Volatility

FIAT vs. COIW - Volatility Comparison

The current volatility for YieldMax Short COIN Option Income Strategy ETF (FIAT) is 14.10%, while COIN WeeklyPay™ ETF (COIW) has a volatility of 22.33%. 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


FIATCOIWDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.10%

22.33%

-8.23%

Volatility (6M)

Calculated over the trailing 6-month period

42.87%

63.06%

-20.19%

Volatility (1Y)

Calculated over the trailing 1-year period

53.54%

82.90%

-29.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

60.24%

90.36%

-30.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

60.24%

90.36%

-30.12%

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 100.29%, less than COIW's 237.77% yield.


PositionTTM20252024
COIW
COIN WeeklyPay™ ETF
237.77%120.37%0.00%
FIAT
YieldMax Short COIN Option Income Strategy ETF
100.29%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 (22.33%) compared to FIAT (14.10%). In terms of maximum drawdown, FIAT dropped -70.50% vs COIW's -74.55%.

On 1-year performance, FIAT leads with 25.10% vs -58.88% for COIW. Both ETFs have the same 0.99% expense ratio. On volatility, FIAT has been the lower-risk option at 14.10%. 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 25.10% return vs -58.88%. 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 237.77%, compared with 100.29% for FIAT.

They also come from different issuers: YieldMax and Roundhill.

FIAT currently has the higher Sharpe Ratio (0.47 vs -0.71), 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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