FIAT vs. KOMP
FIAT (YieldMax Short COIN Option Income Strategy ETF) and KOMP (SPDR S&P Kensho New Economies Composite ETF) are both exchange-traded funds - FIAT is a Derivative Income fund actively managed by YieldMax, while KOMP is a Mid Cap Growth Equities fund tracking the S&P Kensho New Economies Composite Index. FIAT is actively managed, while KOMP is passively managed. Over the past year, FIAT returned -0.18% vs 46.75% for KOMP. At a correlation of -0.66, they often move in opposite directions. FIAT charges 0.99%/yr vs 0.20%/yr for KOMP.
Performance
FIAT vs. KOMP - Performance Comparison
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Returns By Period
In the year-to-date period, FIAT achieves a 13.84% return, which is significantly lower than KOMP's 23.59% return.
FIAT
- 1D
- 4.32%
- 1M
- 16.99%
- YTD
- 13.84%
- 6M
- 33.71%
- 1Y
- -0.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KOMP
- 1D
- -2.06%
- 1M
- 11.27%
- YTD
- 23.59%
- 6M
- 21.48%
- 1Y
- 46.75%
- 3Y*
- 21.79%
- 5Y*
- 3.36%
- 10Y*
- —
FIAT vs. KOMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 13.84% | -24.17% | -28.61% |
KOMP SPDR S&P Kensho New Economies Composite ETF | 23.59% | 19.74% | 9.31% |
Correlation
The correlation between FIAT and KOMP is -0.61, 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 | -0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024 | -0.66 |
The correlation between FIAT and KOMP has been stable across timeframes, ranging from -0.66 to -0.61 - a consistent structural relationship.
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Return for Risk
FIAT vs. KOMP — Risk / Return Rank
FIAT
KOMP
FIAT vs. KOMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short COIN Option Income Strategy ETF (FIAT) and SPDR S&P Kensho New Economies Composite ETF (KOMP). 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.
| FIAT | KOMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 3.03 | -3.03 |
| Martin ratioReturn relative to average drawdown | -0.01 | 9.86 | -9.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIAT | KOMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 2.03 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.52 | -0.90 |
Drawdowns
FIAT vs. KOMP - Drawdown Comparison
The maximum FIAT drawdown since its inception was -70.50%, which is greater than KOMP's maximum drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for FIAT and KOMP.
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Drawdown Indicators
| FIAT | KOMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -50.06% | -20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -42.26% | -15.50% | -26.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.38% | — |
Current DrawdownCurrent decline from peak | -50.94% | -2.06% | -48.88% |
Average DrawdownAverage peak-to-trough decline | -45.35% | -21.69% | -23.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.32% | 4.75% | +22.57% |
Volatility
FIAT vs. KOMP - Volatility Comparison
YieldMax Short COIN Option Income Strategy ETF (FIAT) has a higher volatility of 15.34% compared to SPDR S&P Kensho New Economies Composite ETF (KOMP) at 7.43%. This indicates that FIAT's price experiences larger fluctuations and is considered to be riskier than KOMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIAT | KOMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.34% | 7.43% | +7.91% |
Volatility (6M)Calculated over the trailing 6-month period | 42.03% | 17.95% | +24.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.49% | 23.15% | +32.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.56% | 24.78% | +35.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.56% | 27.02% | +33.54% |
FIAT vs. KOMP - Expense Ratio Comparison
FIAT has a 0.99% expense ratio, which is higher than KOMP's 0.20% expense ratio.
Dividends
FIAT vs. KOMP - Dividend Comparison
FIAT's dividend yield for the trailing twelve months is around 93.28%, more than KOMP's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 93.28% | 178.11% | 70.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.43% | 1.84% | 1.04% | 1.27% | 1.47% | 1.44% | 0.69% | 0.81% | 0.13% |
Frequently Asked Questions
FIAT and KOMP have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIAT has higher volatility (15.34%) compared to KOMP (7.43%). In terms of maximum drawdown, FIAT dropped -70.50% vs KOMP's -50.06%.
On 1-year performance, KOMP leads with 46.75% vs -0.18% for FIAT. On fees, KOMP is cheaper at 0.20% per year. On volatility, KOMP has been the lower-risk option at 7.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KOMP has performed better with a 46.75% return vs -0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KOMP is cheaper with a 0.20% expense ratio, compared with 0.99% for FIAT.
FIAT has the higher dividend yield at 93.28%, compared with 1.43% for KOMP.
FIAT is categorized as Derivative Income, while KOMP is Mid Cap Growth Equities. They also come from different issuers: YieldMax and State Street. Their fees differ too: 0.99% for FIAT and 0.20% for KOMP.
KOMP currently has the higher Sharpe Ratio (2.03 vs -0.00), 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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