FIVY vs. YQQQ

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) and YieldMax Short N100 Option Income Strategy ETF (YQQQ).

FIVY and YQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIVY is a passively managed fund by YieldMax that tracks the performance of the Nasdaq Dorsey Wright Tactical Hybrid Option Income Strategy Index. It was launched on Dec 16, 2024. YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024.

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.

FIVY vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-17.03%	-1.07%	-9.94%
YQQQ YieldMax Short N100 Option Income Strategy ETF	10.57%	-9.97%	3.05%

Returns By Period

In the year-to-date period, FIVY achieves a -17.03% return, which is significantly lower than YQQQ's 10.57% return.

FIVY

• 1D: -0.04%
• 1M: -2.71%
• YTD: -17.03%
• 6M: -26.49%
• 1Y: -7.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: -1.10%
• 1M: 5.50%
• YTD: 10.57%
• 6M: 12.35%
• 1Y: -7.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIVY vs. YQQQ - Expense Ratio Comparison

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

YQQQ

YieldMax Short N100 Option Income Strategy ETF

FIVY

YieldMax Dorsey Wright Hybrid 5 Income ETF

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

FIVY Risk / Return Rank: 8
FIVY Sharpe Ratio Rank: 7
FIVY Sortino Ratio Rank: 8
FIVY Omega Ratio Rank: 8
FIVY Calmar Ratio Rank: 8
FIVY Martin Ratio Rank: 8

YQQQ

YQQQ Risk / Return Rank: 6
YQQQ Sharpe Ratio Rank: 5
YQQQ Sortino Ratio Rank: 5
YQQQ Omega Ratio Rank: 4
YQQQ Calmar Ratio Rank: 7
YQQQ Martin Ratio Rank: 9

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.

	FIVY	YQQQ	Difference
Sharpe ratio Return per unit of total volatility	-0.24	-0.42	+0.18
Sortino ratio Return per unit of downside risk	-0.12	-0.44	+0.32
Omega ratio Gain probability vs. loss probability	0.98	0.93	+0.05
Calmar ratio Return relative to maximum drawdown	-0.22	-0.31	+0.09
Martin ratio Return relative to average drawdown	-0.53	-0.41	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIVY vs. YQQQ - Sharpe Ratio Comparison

The current FIVY Sharpe Ratio is -0.24, which is higher than the YQQQ Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of FIVY and YQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIVY	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	-0.42	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.17	-0.46

Correlation

The correlation between FIVY and YQQQ is -0.72. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FIVY vs. YQQQ - Dividend Comparison

FIVY's dividend yield for the trailing twelve months is around 56.04%, more than YQQQ's 27.65% yield.

	TTM	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	56.04%	46.51%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	27.65%	31.71%	7.88%

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 -24.85%. 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%	-24.85%	-7.92%
Max Drawdown (1Y) Largest decline over 1 year	-32.77%	-24.85%	-7.92%
Current Drawdown Current decline from peak	-29.20%	-12.77%	-16.43%
Average Drawdown Average peak-to-trough decline	-12.10%	-13.36%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.35%	18.68%	-5.33%

Volatility

FIVY vs. YQQQ - Volatility Comparison

YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) has a higher volatility of 11.21% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 5.37%. 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	11.21%	5.37%	+5.84%
Volatility (6M) Calculated over the trailing 6-month period	25.55%	9.43%	+16.12%
Volatility (1Y) Calculated over the trailing 1-year period	31.60%	17.32%	+14.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.56%	16.38%	+17.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.56%	16.38%	+17.18%