FIVY vs. FEAT

Last updated Jun 24, 2026

FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) and FEAT (YieldMax Dorsey Wright Featured 5 Income ETF) are both Derivative Income funds from YieldMax - FIVY tracks the Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index while FEAT tracks the Nasdaq Dorsey Wright Tactical Option Income Strategy Index. Both are passively managed. Over the past year, FIVY returned -7.78% vs -10.13% for FEAT. With a 0.99 correlation, they move nearly in lockstep. FIVY charges 0.88%/yr vs 1.28%/yr for FEAT.

Performance

FIVY vs. FEAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) and YieldMax Dorsey Wright Featured 5 Income ETF (FEAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIVY achieves a -6.12% return, which is significantly higher than FEAT's -6.78% return.

FIVY

• 1D: 0.00%
• 1M: -1.85%
• YTD: -6.12%
• 6M: -8.21%
• 1Y: -7.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEAT

• 1D: 0.00%
• 1M: -1.87%
• YTD: -6.78%
• 6M: -8.34%
• 1Y: -10.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIVY vs. FEAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	-6.78%	-4.21%	-9.44%

Correlation

The correlation between FIVY and FEAT is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.99

The correlation between FIVY and FEAT has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

FIVY vs. FEAT — Risk / Return Rank

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

FIVY

FIVY Risk / Return Rank: 7
FIVY Sharpe Ratio Rank: 7
FIVY Sortino Ratio Rank: 7
FIVY Omega Ratio Rank: 7
FIVY Calmar Ratio Rank: 7
FIVY Martin Ratio Rank: 7

FEAT

FEAT Risk / Return Rank: 6
FEAT Sharpe Ratio Rank: 6
FEAT Sortino Ratio Rank: 6
FEAT Omega Ratio Rank: 6
FEAT Calmar Ratio Rank: 6
FEAT Martin Ratio Rank: 6

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.

FIVY vs. FEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) and YieldMax Dorsey Wright Featured 5 Income ETF (FEAT). 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.

	FIVY	FEAT	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	-0.35	+0.10
Sortino ratio: Return per unit of downside risk	-0.14	-0.30	+0.16
Omega ratio: Gain probability vs. loss probability	0.98	0.96	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.24	-0.32	+0.08
Martin ratio: Return relative to average drawdown	-0.47	-0.62	+0.15

FIVY vs. FEAT - Sharpe Ratio Comparison

The current FIVY Sharpe Ratio is -0.25, which is comparable to the FEAT Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of FIVY and FEAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIVY vs. FEAT - Drawdown Comparison

The maximum FIVY drawdown since its inception was -32.77%, roughly equal to the maximum FEAT drawdown of -31.68%. Use the drawdown chart below to compare losses from any high point for FIVY and FEAT.

Drawdown Indicators

	FIVY	FEAT	Difference
Max Drawdown Largest peak-to-trough decline	-32.77%	-31.68%	-1.09%
Max Drawdown (1Y) Largest decline over 1 year	-32.77%	-31.68%	-1.09%
Current Drawdown Current decline from peak	-19.89%	-20.04%	+0.15%
Average Drawdown Average peak-to-trough decline	-13.65%	-13.61%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.55%	16.37%	+0.18%

Volatility

FIVY vs. FEAT - Volatility Comparison

YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) has a higher volatility of 8.69% compared to YieldMax Dorsey Wright Featured 5 Income ETF (FEAT) at 8.04%. This indicates that FIVY's price experiences larger fluctuations and is considered to be riskier than FEAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIVY	FEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.69%	8.04%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	22.13%	20.42%	+1.71%
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	28.78%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.86%	30.37%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.86%	30.37%	+2.49%

FIVY vs. FEAT - Expense Ratio Comparison

FIVY has a 0.88% expense ratio, which is lower than FEAT's 1.28% expense ratio.

Dividends

FIVY vs. FEAT - Dividend Comparison

FIVY's dividend yield for the trailing twelve months is around 47.61%, less than FEAT's 85.92% yield.

Position	TTM	2025
FEAT YieldMax Dorsey Wright Featured 5 Income ETF	85.92%	76.35%
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	47.61%	46.51%

Frequently Asked Questions

Can I hold both FIVY and FEAT in my portfolio?

With a correlation of 0.99, FIVY and FEAT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIVY or FEAT?

FIVY has higher volatility (8.69%) compared to FEAT (8.04%). In terms of maximum drawdown, FIVY dropped -32.77% vs FEAT's -31.68%.

Which ETF is better, FIVY or FEAT?

On 1-year performance, FIVY leads with -7.78% vs -10.13% for FEAT. On fees, FIVY is cheaper at 0.88% per year. On volatility, FEAT has been the lower-risk option at 8.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIVY or FEAT?

Over the 1-year period, FIVY has performed better with a -7.78% return vs -10.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIVY or FEAT?

FIVY is cheaper with a 0.88% expense ratio, compared with 1.28% for FEAT.

Which ETF pays a higher dividend yield, FIVY or FEAT?

FEAT has the higher dividend yield at 85.92%, compared with 47.61% for FIVY.

What is the main difference between FIVY and FEAT?

FIVY tracks Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index, while FEAT tracks Nasdaq Dorsey Wright Tactical Option Income Strategy Index. Their fees differ too: 0.88% for FIVY and 1.28% for FEAT.

Which has better risk-adjusted returns?

FIVY currently has the higher Sharpe Ratio (-0.25 vs -0.35), 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.