HIYY vs. PEPS
HIYY (YieldMax HIMS Option Income Strategy ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. HIYY charges 0.99%/yr vs 0.10%/yr for PEPS.
Performance
HIYY vs. PEPS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIYY achieves a -13.14% return, which is significantly lower than PEPS's 11.10% return.
HIYY
- 1D
- 0.70%
- 1M
- 4.42%
- YTD
- -13.14%
- 6M
- -25.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- 0.39%
- 1M
- 5.83%
- YTD
- 11.10%
- 6M
- 11.19%
- 1Y
- 32.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIYY vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | -13.14% | -37.26% |
PEPS Parametric Equity Plus ETF | 11.10% | 4.30% |
Correlation
The correlation between HIYY and PEPS is 0.39, 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 24, 2025 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIYY vs. PEPS — Risk / Return Rank
HIYY
PEPS
HIYY vs. PEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) and Parametric Equity Plus ETF (PEPS). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Sharpe Ratios by Period
| HIYY | PEPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 1.06 | -1.75 |
Drawdowns
HIYY vs. PEPS - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, which is greater than PEPS's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for HIYY and PEPS.
Loading charts...
Drawdown Indicators
| HIYY | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -21.26% | -52.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -50.48% | -0.13% | -50.35% |
Average DrawdownAverage peak-to-trough decline | -43.96% | -2.76% | -41.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
HIYY vs. PEPS - Volatility Comparison
Loading charts...
Volatility by Period
| HIYY | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 85.41% | 13.05% | +72.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.41% | 18.28% | +67.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.41% | 18.28% | +67.13% |
HIYY vs. PEPS - Expense Ratio Comparison
HIYY has a 0.99% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
HIYY vs. PEPS - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 90.21%, more than PEPS's 0.88% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 90.21% | 29.99% | 0.00% |
PEPS Parametric Equity Plus ETF | 0.88% | 1.00% | 0.17% |
Frequently Asked Questions
HIYY and PEPS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for HIYY.
HIYY has the higher dividend yield at 90.21%, compared with 0.88% for PEPS.
They also come from different issuers: YieldMax and Parametric. Their fees differ too: 0.99% for HIYY and 0.10% for PEPS.
Find the right allocation for HIYY and PEPS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer