FIAT vs. NUGY
FIAT (YieldMax Short COIN Option Income Strategy ETF) and NUGY (GraniteShares YieldBOOST Gold Miners ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.23, they often move in opposite directions. FIAT charges 0.99%/yr vs 1.07%/yr for NUGY.
Performance
FIAT vs. NUGY - Performance Comparison
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Returns By Period
In the year-to-date period, FIAT achieves a 13.84% return, which is significantly higher than NUGY's -1.04% return.
FIAT
- 1D
- 4.32%
- 1M
- 16.99%
- YTD
- 13.84%
- 6M
- 33.71%
- 1Y
- -0.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUGY
- 1D
- -0.66%
- 1M
- 2.66%
- YTD
- -1.04%
- 6M
- 0.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT vs. NUGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 13.84% | 10.91% |
NUGY GraniteShares YieldBOOST Gold Miners ETF | -1.04% | 2.38% |
Correlation
The correlation between FIAT and NUGY is -0.23, 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 (All Time) Calculated using the full available price history since Nov 19, 2025 | -0.23 |
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Return for Risk
FIAT vs. NUGY — Risk / Return Rank
FIAT
NUGY
FIAT vs. NUGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short COIN Option Income Strategy ETF (FIAT) and GraniteShares YieldBOOST Gold Miners ETF (NUGY). 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 | NUGY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | — | — |
| Martin ratioReturn relative to average drawdown | -0.01 | — | — |
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 | NUGY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.09 | -0.47 |
Drawdowns
FIAT vs. NUGY - Drawdown Comparison
The maximum FIAT drawdown since its inception was -70.50%, which is greater than NUGY's maximum drawdown of -17.39%. Use the drawdown chart below to compare losses from any high point for FIAT and NUGY.
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Drawdown Indicators
| FIAT | NUGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.50% | -17.39% | -53.11% |
Max Drawdown (1Y)Largest decline over 1 year | -42.26% | — | — |
Current DrawdownCurrent decline from peak | -50.94% | -14.11% | -36.83% |
Average DrawdownAverage peak-to-trough decline | -45.35% | -7.35% | -38.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.32% | — | — |
Volatility
FIAT vs. NUGY - Volatility Comparison
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Volatility by Period
| FIAT | NUGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 42.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.49% | 26.65% | +28.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.56% | 26.65% | +33.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.56% | 26.65% | +33.91% |
FIAT vs. NUGY - Expense Ratio Comparison
FIAT has a 0.99% expense ratio, which is lower than NUGY's 1.07% expense ratio.
Dividends
FIAT vs. NUGY - Dividend Comparison
FIAT's dividend yield for the trailing twelve months is around 93.28%, more than NUGY's 70.74% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 93.28% | 178.11% | 70.99% |
NUGY GraniteShares YieldBOOST Gold Miners ETF | 70.74% | 12.18% | 0.00% |
Frequently Asked Questions
FIAT and NUGY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FIAT is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FIAT is cheaper with a 0.99% expense ratio, compared with 1.07% for NUGY.
FIAT has the higher dividend yield at 93.28%, compared with 70.74% for NUGY.
They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for FIAT and 1.07% for NUGY.
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