HIYY vs. YMAX
HIYY (YieldMax HIMS Option Income Strategy ETF) and YMAX (YieldMax Universe Fund of Option Income ETFs) are both Derivative Income funds from YieldMax. Both are actively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. HIYY charges 0.99%/yr vs 1.33%/yr for YMAX.
Performance
HIYY vs. YMAX - Performance Comparison
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Returns By Period
In the year-to-date period, HIYY achieves a -6.13% return, which is significantly lower than YMAX's 0.68% return.
HIYY
- 1D
- 8.26%
- 1M
- -11.90%
- 6M
- 10.15%
- YTD
- -6.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
YMAX
- 1D
- 1.76%
- 1M
- -1.93%
- 6M
- 5.27%
- YTD
- 0.68%
- 1Y
- -2.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $866.33K | $825.62K | $784.39K | |
| $9.31M | $11.31M | $14.54M |
HIYY vs. YMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | -6.13% | -37.34% |
YMAX YieldMax Universe Fund of Option Income ETFs | 0.68% | -8.75% |
Correlation
The correlation between HIYY and YMAX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025 | 0.57 |
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Return for Risk
HIYY vs. YMAX — Risk / Return Rank
HIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YMAX
HIYY vs. YMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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.
| HIYY | YMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.00 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.09 | — |
| Martin ratioReturn relative to average drawdown | — | -0.20 | — |
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Drawdowns
HIYY vs. YMAX - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, which is greater than YMAX's maximum drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for HIYY and YMAX.
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Drawdown Indicators
| HIYY | YMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -26.13% | -47.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.13% | — |
Current DrawdownCurrent decline from peak | -46.49% | -10.75% | -35.74% |
Average DrawdownAverage peak-to-trough decline | -43.91% | -6.57% | -37.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.72% | — |
Volatility
HIYY vs. YMAX - Volatility Comparison
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Volatility by Period
| HIYY | YMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 83.89% | 24.15% | +59.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.89% | 23.51% | +60.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.89% | 23.51% | +60.38% |
HIYY vs. YMAX - Expense Ratio Comparison
HIYY has a 0.99% expense ratio, which is lower than YMAX's 1.33% expense ratio.
Dividends
HIYY vs. YMAX - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 112.87%, more than YMAX's 71.74% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 112.87% | 29.99% | 0.00% |
YMAX YieldMax Universe Fund of Option Income ETFs | 71.74% | 78.70% | 44.20% |
Frequently Asked Questions
HIYY and YMAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HIYY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HIYY is cheaper with a 0.99% expense ratio, compared with 1.33% for YMAX.
HIYY has the higher dividend yield at 112.87%, compared with 71.74% for YMAX.
Their fees differ too: 0.99% for HIYY and 1.33% for YMAX.
Find the right allocation for HIYY and YMAX
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