HOOY vs. IBIC
HOOY (YieldMax HOOD Option Income Strategy ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - HOOY is a Derivative Income fund actively managed by YieldMax, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. HOOY is actively managed, while IBIC is passively managed. Over the past year, HOOY returned 9.03% vs 4.54% for IBIC. At a correlation of -0.19, they often move in opposite directions. HOOY charges 0.99%/yr vs 0.10%/yr for IBIC.
Performance
HOOY vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, HOOY achieves a -20.00% return, which is significantly lower than IBIC's 2.37% return.
HOOY
- 1D
- -4.94%
- 1M
- 7.42%
- YTD
- -20.00%
- 6M
- -29.79%
- 1Y
- 9.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOY vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOY YieldMax HOOD Option Income Strategy ETF | -20.00% | 64.95% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 2.02% |
Correlation
The correlation between HOOY and IBIC is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since May 9, 2025 | -0.19 |
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Return for Risk
HOOY vs. IBIC — Risk / Return Rank
HOOY
IBIC
HOOY vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| HOOY | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.88 | ||
| Sortino ratioReturn per unit of downside risk | -8.50 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 2.24 | -1.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 17.27 | -17.10 |
| Martin ratioReturn relative to average drawdown | 0.32 | 67.45 | -67.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HOOY | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 5.05 | -4.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 3.49 | -2.94 |
Drawdowns
HOOY vs. IBIC - Drawdown Comparison
The maximum HOOY drawdown since its inception was -51.54%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for HOOY and IBIC.
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Drawdown Indicators
| HOOY | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.54% | -0.90% | -50.64% |
Max Drawdown (1Y)Largest decline over 1 year | -51.54% | -0.26% | -51.28% |
Current DrawdownCurrent decline from peak | -40.38% | -0.13% | -40.25% |
Average DrawdownAverage peak-to-trough decline | -20.18% | -0.10% | -20.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.24% | 0.07% | +28.17% |
Volatility
HOOY vs. IBIC - Volatility Comparison
YieldMax HOOD Option Income Strategy ETF (HOOY) has a higher volatility of 15.59% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that HOOY's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOOY | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.59% | 0.33% | +15.26% |
Volatility (6M)Calculated over the trailing 6-month period | 41.92% | 0.67% | +41.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.33% | 0.90% | +54.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.48% | 1.58% | +52.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.48% | 1.58% | +52.90% |
HOOY vs. IBIC - Expense Ratio Comparison
HOOY has a 0.99% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
HOOY vs. IBIC - Dividend Comparison
HOOY's dividend yield for the trailing twelve months is around 160.00%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HOOY YieldMax HOOD Option Income Strategy ETF | 160.00% | 82.87% | 0.00% | 0.00% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
HOOY and IBIC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOY has higher volatility (15.59%) compared to IBIC (0.33%). In terms of maximum drawdown, HOOY dropped -51.54% vs IBIC's -0.90%.
On 1-year performance, HOOY leads with 9.03% vs 4.54% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HOOY has performed better with a 9.03% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.99% for HOOY.
HOOY has the higher dividend yield at 160.00%, compared with 3.59% for IBIC.
HOOY is categorized as Derivative Income, while IBIC is Inflation-Protected Bonds. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for HOOY and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.05 vs 0.16), 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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