HOOD vs. HOOY

Last updated Jun 23, 2026

HOOD (Robinhood Markets, Inc.) is a stock, while HOOY (YieldMax HOOD Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, HOOD returned 34.66% vs 20.68% for HOOY. With a 0.98 correlation, they move nearly in lockstep.

Performance

HOOD vs. HOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Robinhood Markets, Inc. (HOOD) and YieldMax HOOD Option Income Strategy ETF (HOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOD achieves a -6.53% return, which is significantly lower than HOOY's -4.01% return.

HOOD

• 1D: -2.26%
• 1M: 43.55%
• YTD: -6.53%
• 6M: -13.61%
• 1Y: 34.66%
• 3Y*: 123.33%
• 5Y*: —
• 10Y*: —

HOOY

• 1D: -1.93%
• 1M: 30.43%
• YTD: -4.01%
• 6M: -9.91%
• 1Y: 20.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOD vs. HOOY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOD Robinhood Markets, Inc.	-6.53%	126.25%
HOOY YieldMax HOOD Option Income Strategy ETF	-4.01%	67.41%

Correlation

The correlation between HOOD and HOOY is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since May 8, 2025	0.98

The correlation between HOOD and HOOY has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

HOOD vs. HOOY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOOD

HOOD Risk / Return Rank: 57
HOOD Sharpe Ratio Rank: 60
HOOD Sortino Ratio Rank: 59
HOOD Omega Ratio Rank: 57
HOOD Calmar Ratio Rank: 56
HOOD Martin Ratio Rank: 54

HOOY

HOOY Risk / Return Rank: 14
HOOY Sharpe Ratio Rank: 14
HOOY Sortino Ratio Rank: 16
HOOY Omega Ratio Rank: 17
HOOY Calmar Ratio Rank: 13
HOOY Martin Ratio Rank: 11

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.

HOOD vs. HOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Robinhood Markets, Inc. (HOOD) and YieldMax HOOD Option Income Strategy ETF (HOOY). 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.

	HOOD	HOOY	Difference
Sharpe ratio: Return per unit of total volatility	0.50	0.37	+0.13
Sortino ratio: Return per unit of downside risk	1.18	0.89	+0.29
Omega ratio: Gain probability vs. loss probability	1.14	1.11	+0.03
Calmar ratio: Return relative to maximum drawdown	0.61	0.40	+0.20
Martin ratio: Return relative to average drawdown	1.09	0.71	+0.38

HOOD vs. HOOY - Sharpe Ratio Comparison

The current HOOD Sharpe Ratio is 0.50, which is higher than the HOOY Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of HOOD and HOOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HOOD vs. HOOY - Drawdown Comparison

The maximum HOOD drawdown since its inception was -90.21%, which is greater than HOOY's maximum drawdown of -51.54%. Use the drawdown chart below to compare losses from any high point for HOOD and HOOY.

Drawdown Indicators

	HOOD	HOOY	Difference
Max Drawdown Largest peak-to-trough decline	-90.21%	-51.54%	-38.67%
Max Drawdown (1Y) Largest decline over 1 year	-57.26%	-51.54%	-5.72%
Max Drawdown (3Y) Largest decline over 3 years	-57.26%	—	—
Current Drawdown Current decline from peak	-30.66%	-28.47%	-2.19%
Average Drawdown Average peak-to-trough decline	-60.74%	-20.72%	-40.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.02%	29.25%	+2.77%

Volatility

HOOD vs. HOOY - Volatility Comparison

Robinhood Markets, Inc. (HOOD) has a higher volatility of 23.34% compared to YieldMax HOOD Option Income Strategy ETF (HOOY) at 17.90%. This indicates that HOOD's price experiences larger fluctuations and is considered to be riskier than HOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOD	HOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.34%	17.90%	+5.44%
Volatility (6M) Calculated over the trailing 6-month period	50.73%	41.99%	+8.74%
Volatility (1Y) Calculated over the trailing 1-year period	69.85%	56.31%	+13.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.07%	54.51%	+19.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.07%	54.51%	+19.56%

Dividends

HOOD vs. HOOY - Dividend Comparison

HOOD has not paid dividends to shareholders, while HOOY's dividend yield for the trailing twelve months is around 144.93%.

Position	TTM	2025
HOOD Robinhood Markets, Inc.	0.00%	0.00%
HOOY YieldMax HOOD Option Income Strategy ETF	144.93%	82.87%

Frequently Asked Questions

Can I hold both HOOD and HOOY in my portfolio?

With a correlation of 0.99, HOOD and HOOY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HOOD or HOOY?

HOOD has higher volatility (23.34%) compared to HOOY (17.90%). In terms of maximum drawdown, HOOD dropped -90.21% vs HOOY's -51.54%.

Which has better risk-adjusted returns?

HOOD currently has the higher Sharpe Ratio (0.50 vs 0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.