HOOY vs. CWII

Last updated Jun 23, 2026

HOOY (YieldMax HOOD Option Income Strategy ETF) and CWII (REX CRWV Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. HOOY charges 0.99%/yr vs 1.03%/yr for CWII.

Performance

HOOY vs. CWII - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOY achieves a -4.01% return, which is significantly lower than CWII's 13,199.78% return.

HOOY

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

CWII

• 1D: 0.00%
• 1M: 10,273.16%
• YTD: 13,199.78%
• 6M: 11,535.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOY vs. CWII - Yearly Performance Comparison

	2026 (YTD)	2025
HOOY YieldMax HOOD Option Income Strategy ETF	-4.01%	-21.95%
CWII REX CRWV Growth & Income ETF	13,199.78%	-45.06%

Correlation

The correlation between HOOY and CWII is 0.42, 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 Nov 4, 2025	0.42

Return for Risk

HOOY vs. CWII — Risk / Return Rank

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

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

CWII

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

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.

HOOY vs. CWII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) and REX CRWV Growth & Income ETF (CWII). 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.

	HOOY	CWII	Difference
Sharpe ratio: Return per unit of total volatility	0.37	—	—
Sortino ratio: Return per unit of downside risk	0.89	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.40	—	—
Martin ratio: Return relative to average drawdown	0.71	—	—

Drawdowns

HOOY vs. CWII - Drawdown Comparison

The maximum HOOY drawdown since its inception was -51.54%, roughly equal to the maximum CWII drawdown of -51.04%. Use the drawdown chart below to compare losses from any high point for HOOY and CWII.

Drawdown Indicators

	HOOY	CWII	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-51.04%	-0.50%
Max Drawdown (1Y) Largest decline over 1 year	-51.54%	—	—
Current Drawdown Current decline from peak	-28.47%	0.00%	-28.47%
Average Drawdown Average peak-to-trough decline	-20.72%	-33.26%	+12.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.25%	—	—

Volatility

Volatility by Period

	HOOY	CWII	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	56.31%	13,701.30%	-13,644.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.51%	13,701.30%	-13,646.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.51%	13,701.30%	-13,646.79%

HOOY vs. CWII - Expense Ratio Comparison

HOOY has a 0.99% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

HOOY vs. CWII - Dividend Comparison

HOOY's dividend yield for the trailing twelve months is around 144.93%, more than CWII's 123.26% yield.

Position	TTM	2025
CWII REX CRWV Growth & Income ETF	123.26%	6.09%
HOOY YieldMax HOOD Option Income Strategy ETF	144.93%	82.87%

Frequently Asked Questions

Can I hold both HOOY and CWII in my portfolio?

HOOY and CWII have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOY or CWII?

On fees, HOOY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOY or CWII?

HOOY is cheaper with a 0.99% expense ratio, compared with 1.03% for CWII.

Which ETF pays a higher dividend yield, HOOY or CWII?

HOOY has the higher dividend yield at 144.93%, compared with 123.26% for CWII.

What is the main difference between HOOY and CWII?

They also come from different issuers: YieldMax and REX Shares. Their fees differ too: 0.99% for HOOY and 1.03% for CWII.