FIVY vs. YQQQ

Last updated Jul 15, 2026

FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both Derivative Income funds from YieldMax. FIVY is passively managed, while YQQQ is actively managed. Over the past year, FIVY returned -14.29% vs -8.60% for YQQQ. At a correlation of -0.69, they often move in opposite directions. FIVY charges 0.88%/yr vs 0.99%/yr for YQQQ.

Performance

FIVY vs. YQQQ - 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 Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FIVY having a -6.12% return and YQQQ slightly higher at -5.94%.

FIVY

• 1D: 0.00%
• 1M: 3.36%
• 6M: -10.63%
• YTD: -6.12%
• 1Y: -14.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: -0.73%
• 1M: 1.88%
• 6M: -5.07%
• YTD: -5.94%
• 1Y: -8.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIVY vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-5.94%	-9.97%	3.47%

Correlation

The correlation between FIVY and YQQQ 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 Dec 17, 2024	-0.69

The correlation between FIVY and YQQQ has been stable across timeframes, ranging from -0.69 to -0.61 - a consistent structural relationship.

Return for Risk

FIVY vs. YQQQ — Risk / Return Rank

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

FIVY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YQQQ

YQQQ Risk / Return Rank: 5
YQQQ Sharpe Ratio Rank: 4
YQQQ Sortino Ratio Rank: 4
YQQQ Omega Ratio Rank: 4
YQQQ Calmar Ratio Rank: 6
YQQQ Martin Ratio Rank: 5

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. YQQQ - 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 Short N100 Option Income Strategy ETF (YQQQ). 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	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	-0.62	+0.21
Sortino ratio: Return per unit of downside risk	-0.37	-0.79	+0.42
Omega ratio: Gain probability vs. loss probability	0.95	0.91	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.39	-0.40	+0.01
Martin ratio: Return relative to average drawdown	-0.75	-0.92	+0.17

FIVY vs. YQQQ - Sharpe Ratio Comparison

The current FIVY Sharpe Ratio is -0.41, which is higher than the YQQQ Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of FIVY and YQQQ, 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. YQQQ - Drawdown Comparison

The maximum FIVY drawdown since its inception was -32.77%, which is greater than YQQQ's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for FIVY and YQQQ.

Drawdown Indicators

	FIVY	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-32.77%	-29.10%	-3.67%
Max Drawdown (1Y) Largest decline over 1 year	-32.77%	-21.80%	-10.97%
Current Drawdown Current decline from peak	-19.89%	-25.80%	+5.91%
Average Drawdown Average peak-to-trough decline	-13.73%	-14.92%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.78%	9.38%	+7.40%

Volatility

FIVY vs. YQQQ - Volatility Comparison

YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) has a higher volatility of 8.55% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 6.14%. This indicates that FIVY's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIVY	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.55%	6.14%	+2.41%
Volatility (6M) Calculated over the trailing 6-month period	21.95%	11.66%	+10.29%
Volatility (1Y) Calculated over the trailing 1-year period	31.13%	13.91%	+17.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.64%	16.57%	+16.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.64%	16.57%	+16.07%

FIVY vs. YQQQ - Expense Ratio Comparison

FIVY has a 0.88% expense ratio, which is lower than YQQQ's 0.99% expense ratio.

Dividends

FIVY vs. YQQQ - Dividend Comparison

FIVY has not paid dividends to shareholders, while YQQQ's dividend yield for the trailing twelve months is around 29.38%.

Position	TTM	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	43.42%	46.51%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	29.38%	31.71%	7.88%

Frequently Asked Questions

Can I hold both FIVY and YQQQ in my portfolio?

FIVY and YQQQ 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.

Which is riskier, FIVY or YQQQ?

FIVY has higher volatility (8.55%) compared to YQQQ (6.14%). In terms of maximum drawdown, FIVY dropped -32.77% vs YQQQ's -29.10%.

Which ETF is better, FIVY or YQQQ?

On 1-year performance, YQQQ leads with -8.60% vs -14.29% for FIVY. On fees, FIVY is cheaper at 0.88% per year. On volatility, YQQQ has been the lower-risk option at 6.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIVY or YQQQ?

Over the 1-year period, YQQQ has performed better with a -8.60% return vs -14.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIVY or YQQQ?

FIVY is cheaper with a 0.88% expense ratio, compared with 0.99% for YQQQ.

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

FIVY has the higher dividend yield at 43.42%, compared with 29.38% for YQQQ.

What is the main difference between FIVY and YQQQ?

Their fees differ too: 0.88% for FIVY and 0.99% for YQQQ.

Which has better risk-adjusted returns?

FIVY currently has the higher Sharpe Ratio (-0.41 vs -0.62), 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.