FIAT vs. LQTI
FIAT (YieldMax Short COIN Option Income Strategy ETF) and LQTI (FT Vest Investment Grade & Target Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FIAT returned -0.18% vs 5.69% for LQTI. At a correlation of -0.13, they often move in opposite directions. FIAT charges 0.99%/yr vs 0.65%/yr for LQTI.
Performance
FIAT vs. LQTI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FIAT achieves a 13.84% return, which is significantly higher than LQTI's 0.16% return.
FIAT
- 1D
- 4.32%
- 1M
- 16.99%
- YTD
- 13.84%
- 6M
- 33.71%
- 1Y
- -0.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQTI
- 1D
- -0.26%
- 1M
- 0.41%
- YTD
- 0.16%
- 6M
- -0.04%
- 1Y
- 5.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT vs. LQTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 13.84% | -11.29% |
LQTI FT Vest Investment Grade & Target Income ETF | 0.16% | 6.69% |
Correlation
The correlation between FIAT and LQTI is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.13 |
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. LQTI — Risk / Return Rank
FIAT
LQTI
FIAT vs. LQTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short COIN Option Income Strategy ETF (FIAT) and FT Vest Investment Grade & Target Income ETF (LQTI). 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 | LQTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 1.68 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.01 | 5.15 | -5.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FIAT | LQTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 1.12 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.88 | -1.26 |
Drawdowns
FIAT vs. LQTI - Drawdown Comparison
The maximum FIAT drawdown since its inception was -70.50%, which is greater than LQTI's maximum drawdown of -3.41%. Use the drawdown chart below to compare losses from any high point for FIAT and LQTI.
Loading charts...
Drawdown Indicators
| FIAT | LQTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -3.41% | -67.09% |
Max Drawdown (1Y)Largest decline over 1 year | -42.26% | -3.41% | -38.85% |
Current DrawdownCurrent decline from peak | -50.94% | -1.44% | -49.50% |
Average DrawdownAverage peak-to-trough decline | -45.35% | -0.88% | -44.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.32% | 1.11% | +26.21% |
Volatility
FIAT vs. LQTI - Volatility Comparison
YieldMax Short COIN Option Income Strategy ETF (FIAT) has a higher volatility of 15.34% compared to FT Vest Investment Grade & Target Income ETF (LQTI) at 1.65%. This indicates that FIAT's price experiences larger fluctuations and is considered to be riskier than LQTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FIAT | LQTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.34% | 1.65% | +13.69% |
Volatility (6M)Calculated over the trailing 6-month period | 42.03% | 4.02% | +38.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.49% | 5.10% | +50.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.56% | 5.97% | +54.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.56% | 5.97% | +54.59% |
FIAT vs. LQTI - Expense Ratio Comparison
FIAT has a 0.99% expense ratio, which is higher than LQTI's 0.65% expense ratio.
Dividends
FIAT vs. LQTI - Dividend Comparison
FIAT's dividend yield for the trailing twelve months is around 93.28%, more than LQTI's 9.11% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 93.28% | 178.11% | 70.99% |
LQTI FT Vest Investment Grade & Target Income ETF | 9.11% | 7.01% | 0.00% |
Frequently Asked Questions
FIAT and LQTI have a correlation of -0.14, 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 LQTI (1.65%). In terms of maximum drawdown, FIAT dropped -70.50% vs LQTI's -3.41%.
On 1-year performance, LQTI leads with 5.69% vs -0.18% for FIAT. On fees, LQTI is cheaper at 0.65% per year. On volatility, LQTI has been the lower-risk option at 1.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LQTI has performed better with a 5.69% return vs -0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQTI is cheaper with a 0.65% expense ratio, compared with 0.99% for FIAT.
FIAT has the higher dividend yield at 93.28%, compared with 9.11% for LQTI.
They also come from different issuers: YieldMax and FT Vest. Their fees differ too: 0.99% for FIAT and 0.65% for LQTI.
LQTI currently has the higher Sharpe Ratio (1.12 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.
Find the right allocation for FIAT and LQTI
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