GMEY vs. YQQQ
GMEY (YieldMax GME Option Income Strategy ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a correlation of -0.30, they often move in opposite directions. Both charge a 0.99% expense ratio.
Performance
GMEY vs. YQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, GMEY achieves a 0.95% return, which is significantly higher than YQQQ's -6.30% return.
GMEY
- 1D
- -1.56%
- 1M
- -1.31%
- YTD
- 0.95%
- 6M
- -5.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YQQQ
- 1D
- 0.41%
- 1M
- 1.26%
- YTD
- -6.30%
- 6M
- -5.21%
- 1Y
- -10.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMEY vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMEY YieldMax GME Option Income Strategy ETF | 0.95% | -15.02% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -6.30% | -1.31% |
Correlation
The correlation between GMEY and YQQQ is -0.30, 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 (All Time) Calculated using the full available price history since Sep 9, 2025 | -0.30 |
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Return for Risk
GMEY vs. YQQQ — Risk / Return Rank
GMEY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YQQQ
GMEY vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) 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.
| GMEY | YQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.89 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.46 | — |
| Martin ratioReturn relative to average drawdown | — | -1.16 | — |
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Drawdowns
GMEY vs. YQQQ - Drawdown Comparison
The maximum GMEY drawdown since its inception was -25.67%, smaller than the maximum YQQQ drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for GMEY and YQQQ.
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Drawdown Indicators
| GMEY | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.67% | -29.10% | +3.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.80% | — |
Current DrawdownCurrent decline from peak | -23.82% | -26.08% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -16.91% | -14.65% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.68% | — |
Volatility
GMEY vs. YQQQ - Volatility Comparison
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Volatility by Period
| GMEY | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.31% | 13.59% | +14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.31% | 16.54% | +11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.31% | 16.54% | +11.77% |
GMEY vs. YQQQ - Expense Ratio Comparison
Both GMEY and YQQQ have an expense ratio of 0.99%.
Dividends
GMEY vs. YQQQ - Dividend Comparison
GMEY's dividend yield for the trailing twelve months is around 56.84%, more than YQQQ's 30.45% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GMEY YieldMax GME Option Income Strategy ETF | 56.84% | 21.84% | 0.00% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 30.45% | 31.71% | 7.88% |
Frequently Asked Questions
GMEY and YQQQ have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GMEY and YQQQ have the same expense ratio: 0.99% per year.
GMEY has the higher dividend yield at 56.84%, compared with 30.45% for YQQQ.
Find the right allocation for GMEY and YQQQ
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