HOOY vs. HOOD
HOOY (YieldMax HOOD Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while HOOD (Robinhood Markets, Inc.) is a stock. Over the past year, HOOY returned 20.68% vs 34.66% for HOOD. With a 0.98 correlation, they move nearly in lockstep.
Performance
HOOY vs. HOOD - Performance Comparison
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Returns By Period
In the year-to-date period, HOOY achieves a -4.01% return, which is significantly higher than HOOD's -6.53% return.
HOOY
- 1D
- -1.93%
- 1M
- 30.43%
- YTD
- -4.01%
- 6M
- -9.91%
- 1Y
- 20.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOD
- 1D
- -2.26%
- 1M
- 43.55%
- YTD
- -6.53%
- 6M
- -13.61%
- 1Y
- 34.66%
- 3Y*
- 123.33%
- 5Y*
- —
- 10Y*
- —
HOOY vs. HOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOY YieldMax HOOD Option Income Strategy ETF | -4.01% | 67.41% |
HOOD Robinhood Markets, Inc. | -6.53% | 126.25% |
Correlation
The correlation between HOOY and HOOD 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 HOOY and HOOD has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
HOOY vs. HOOD — Risk / Return Rank
HOOY
HOOD
HOOY vs. HOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) and Robinhood Markets, Inc. (HOOD). 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 | HOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.61 | -0.20 |
| Martin ratioReturn relative to average drawdown | 0.71 | 1.09 | -0.38 |
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Drawdowns
HOOY vs. HOOD - Drawdown Comparison
The maximum HOOY drawdown since its inception was -51.54%, smaller than the maximum HOOD drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for HOOY and HOOD.
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Drawdown Indicators
| HOOY | HOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.54% | -90.21% | +38.67% |
Max Drawdown (1Y)Largest decline over 1 year | -51.54% | -57.26% | +5.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.26% | — |
Current DrawdownCurrent decline from peak | -28.47% | -30.66% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -20.72% | -60.74% | +40.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.25% | 32.02% | -2.77% |
Volatility
HOOY vs. HOOD - Volatility Comparison
The current volatility for YieldMax HOOD Option Income Strategy ETF (HOOY) is 17.90%, while Robinhood Markets, Inc. (HOOD) has a volatility of 23.34%. This indicates that HOOY experiences smaller price fluctuations and is considered to be less risky than HOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOOY | HOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.90% | 23.34% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 41.99% | 50.73% | -8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.31% | 69.85% | -13.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.51% | 74.07% | -19.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.51% | 74.07% | -19.56% |
Dividends
HOOY vs. HOOD - Dividend Comparison
HOOY's dividend yield for the trailing twelve months is around 144.93%, while HOOD has not paid dividends to shareholders.
| 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
With a correlation of 0.99, HOOY and HOOD 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.
HOOD has higher volatility (23.34%) compared to HOOY (17.90%). In terms of maximum drawdown, HOOY dropped -51.54% vs HOOD's -90.21%.
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.
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