FIVY vs. SDTY

Last updated Jun 25, 2026

FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) and SDTY (YieldMax S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds from YieldMax. FIVY is passively managed, while SDTY is actively managed. Over the past year, FIVY returned -8.80% vs 19.46% for SDTY. A 0.67 correlation means they provide meaningful diversification when combined. FIVY charges 0.88%/yr vs 1.01%/yr for SDTY.

Performance

FIVY vs. SDTY - 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 S&P 500 0DTE Covered Call Strategy ETF (SDTY). 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 lower than SDTY's 5.69% return.

FIVY

• 1D: 0.00%
• 1M: -1.85%
• YTD: -6.12%
• 6M: -8.33%
• 1Y: -8.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDTY

• 1D: -0.71%
• 1M: -1.54%
• YTD: 5.69%
• 6M: 4.68%
• 1Y: 19.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIVY vs. SDTY - Yearly Performance Comparison

	2026 (YTD)	2025
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-8.95%
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	5.69%	9.67%

Correlation

The correlation between FIVY and SDTY is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.67

The correlation between FIVY and SDTY has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

FIVY vs. SDTY - Sectors Allocation Comparison

Sectors	FIVY	SDTY
Technology	44.7%	39.0%
Communication Services	22.7%	10.6%
Healthcare	16.5%	8.3%
Financial Services	16.1%	11.1%
Basic Materials	-	1.7%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Industrials	-	7.8%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

FIVY vs. SDTY — 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: 6
FIVY Sortino Ratio Rank: 7
FIVY Omega Ratio Rank: 7
FIVY Calmar Ratio Rank: 7
FIVY Martin Ratio Rank: 7

SDTY

SDTY Risk / Return Rank: 56
SDTY Sharpe Ratio Rank: 56
SDTY Sortino Ratio Rank: 54
SDTY Omega Ratio Rank: 56
SDTY Calmar Ratio Rank: 55
SDTY Martin Ratio Rank: 61

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. SDTY - 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 S&P 500 0DTE Covered Call Strategy ETF (SDTY). 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	SDTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.28	1.69	-1.97
Sortino ratio: Return per unit of downside risk	-0.18	2.32	-2.50
Omega ratio: Gain probability vs. loss probability	0.98	1.31	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.27	2.44	-2.71
Martin ratio: Return relative to average drawdown	-0.53	9.86	-10.40

FIVY vs. SDTY - Sharpe Ratio Comparison

The current FIVY Sharpe Ratio is -0.28, which is lower than the SDTY Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of FIVY and SDTY, 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. SDTY - Drawdown Comparison

The maximum FIVY drawdown since its inception was -32.77%, which is greater than SDTY's maximum drawdown of -18.63%. Use the drawdown chart below to compare losses from any high point for FIVY and SDTY.

Drawdown Indicators

	FIVY	SDTY	Difference
Max Drawdown Largest peak-to-trough decline	-32.77%	-18.63%	-14.14%
Max Drawdown (1Y) Largest decline over 1 year	-32.77%	-8.02%	-24.75%
Current Drawdown Current decline from peak	-19.89%	-3.15%	-16.74%
Average Drawdown Average peak-to-trough decline	-13.67%	-2.99%	-10.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.60%	1.98%	+14.62%

Volatility

FIVY vs. SDTY - Volatility Comparison

YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) has a higher volatility of 8.65% compared to YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) at 4.37%. This indicates that FIVY's price experiences larger fluctuations and is considered to be riskier than SDTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIVY	SDTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.65%	4.37%	+4.28%
Volatility (6M) Calculated over the trailing 6-month period	21.98%	9.12%	+12.86%
Volatility (1Y) Calculated over the trailing 1-year period	31.19%	11.66%	+19.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.82%	16.81%	+16.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.82%	16.81%	+16.01%

FIVY vs. SDTY - Expense Ratio Comparison

FIVY has a 0.88% expense ratio, which is lower than SDTY's 1.01% expense ratio.

Dividends

FIVY vs. SDTY - Dividend Comparison

FIVY's dividend yield for the trailing twelve months is around 47.61%, more than SDTY's 26.30% yield.

Position	TTM	2025
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	47.61%	46.51%
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	26.30%	22.00%

Frequently Asked Questions

Can I hold both FIVY and SDTY in my portfolio?

FIVY and SDTY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIVY or SDTY?

FIVY has higher volatility (8.65%) compared to SDTY (4.37%). In terms of maximum drawdown, FIVY dropped -32.77% vs SDTY's -18.63%.

Which ETF is better, FIVY or SDTY?

On 1-year performance, SDTY leads with 19.46% vs -8.80% for FIVY. On fees, FIVY is cheaper at 0.88% per year. On volatility, SDTY has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIVY or SDTY?

Over the 1-year period, SDTY has performed better with a 19.46% return vs -8.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIVY or SDTY?

FIVY is cheaper with a 0.88% expense ratio, compared with 1.01% for SDTY.

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

FIVY has the higher dividend yield at 47.61%, compared with 26.30% for SDTY.

What is the main difference between FIVY and SDTY?

Their fees differ too: 0.88% for FIVY and 1.01% for SDTY.

Which has better risk-adjusted returns?

SDTY currently has the higher Sharpe Ratio (1.69 vs -0.28), 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.