GMEY vs. HIYY

Last updated Jul 17, 2026

GMEY (YieldMax GME Option Income Strategy ETF) and HIYY (YieldMax HIMS Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GMEY vs. HIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GME Option Income Strategy ETF (GMEY) and YieldMax HIMS Option Income Strategy ETF (HIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEY achieves a 3.23% return, which is significantly higher than HIYY's 0.98% return.

GMEY

• 1D: -0.46%
• 1M: 1.76%
• 6M: -1.19%
• YTD: 3.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HIYY

• 1D: -6.91%
• 1M: 5.79%
• 6M: 3.60%
• YTD: 0.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEY vs. HIYY - Yearly Performance Comparison

	2026 (YTD)	2025
GMEY YieldMax GME Option Income Strategy ETF	3.23%	-21.90%
HIYY YieldMax HIMS Option Income Strategy ETF	0.98%	-37.34%

Correlation

The correlation between GMEY and HIYY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025	0.25

Return for Risk

GMEY vs. HIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) and YieldMax HIMS Option Income Strategy ETF (HIYY). 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.

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

Drawdowns

GMEY vs. HIYY - Drawdown Comparison

The maximum GMEY drawdown since its inception was -25.67%, smaller than the maximum HIYY drawdown of -73.95%. Use the drawdown chart below to compare losses from any high point for GMEY and HIYY.

Drawdown Indicators

	GMEY	HIYY	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-73.95%	+48.28%
Current Drawdown Current decline from peak	-22.10%	-42.43%	+20.33%
Average Drawdown Average peak-to-trough decline	-17.22%	-43.70%	+26.48%

Volatility

Volatility by Period

	GMEY	HIYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.75%	82.46%	-54.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.75%	82.46%	-54.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.75%	82.46%	-54.71%

GMEY vs. HIYY - Expense Ratio Comparison

Both GMEY and HIYY have an expense ratio of 0.99%.

Dividends

GMEY vs. HIYY - Dividend Comparison

GMEY's dividend yield for the trailing twelve months is around 59.67%, less than HIYY's 97.76% yield.

Position	TTM	2025
GMEY YieldMax GME Option Income Strategy ETF	59.67%	21.84%
HIYY YieldMax HIMS Option Income Strategy ETF	97.76%	29.99%

Frequently Asked Questions

Can I hold both GMEY and HIYY in my portfolio?

GMEY and HIYY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEY or HIYY?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMEY or HIYY?

GMEY and HIYY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, GMEY or HIYY?

HIYY has the higher dividend yield at 97.76%, compared with 59.67% for GMEY.