HOOY vs. PLTW

Last updated Jun 26, 2026

HOOY (YieldMax HOOD Option Income Strategy ETF) and PLTW (PLTR WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HOOY returned 3.80% vs -35.40% for PLTW. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

HOOY vs. PLTW - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOY achieves a -13.32% return, which is significantly higher than PLTW's -47.76% return.

HOOY

• 1D: -3.61%
• 1M: 16.98%
• YTD: -13.32%
• 6M: -18.06%
• 1Y: 3.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTW

• 1D: -6.48%
• 1M: -25.95%
• YTD: -47.76%
• 6M: -53.14%
• 1Y: -35.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOY vs. PLTW - Yearly Performance Comparison

	2026 (YTD)	2025
HOOY YieldMax HOOD Option Income Strategy ETF	-13.32%	67.41%
PLTW PLTR WeeklyPay™ ETF	-47.76%	67.49%

Correlation

The correlation between HOOY and PLTW is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since May 8, 2025	0.53

The correlation between HOOY and PLTW has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.

Return for Risk

HOOY vs. PLTW — Risk / Return Rank

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

HOOY

HOOY Risk / Return Rank: 11
HOOY Sharpe Ratio Rank: 10
HOOY Sortino Ratio Rank: 12
HOOY Omega Ratio Rank: 12
HOOY Calmar Ratio Rank: 10
HOOY Martin Ratio Rank: 10

PLTW

PLTW Risk / Return Rank: 5
PLTW Sharpe Ratio Rank: 5
PLTW Sortino Ratio Rank: 5
PLTW Omega Ratio Rank: 5
PLTW Calmar Ratio Rank: 4
PLTW Martin Ratio Rank: 3

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. PLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) and PLTR WeeklyPay™ ETF (PLTW). 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	PLTW	Difference
Sharpe ratio: Return per unit of total volatility	0.07	-0.57	+0.64
Sortino ratio: Return per unit of downside risk	0.50	-0.53	+1.03
Omega ratio: Gain probability vs. loss probability	1.06	0.94	+0.12
Calmar ratio: Return relative to maximum drawdown	0.07	-0.62	+0.69
Martin ratio: Return relative to average drawdown	0.13	-1.28	+1.41

HOOY vs. PLTW - Sharpe Ratio Comparison

The current HOOY Sharpe Ratio is 0.07, which is higher than the PLTW Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of HOOY and PLTW, 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

HOOY vs. PLTW - Drawdown Comparison

The maximum HOOY drawdown since its inception was -51.54%, smaller than the maximum PLTW drawdown of -57.27%. Use the drawdown chart below to compare losses from any high point for HOOY and PLTW.

Drawdown Indicators

	HOOY	PLTW	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-57.27%	+5.73%
Max Drawdown (1Y) Largest decline over 1 year	-51.54%	-57.27%	+5.73%
Current Drawdown Current decline from peak	-35.41%	-57.27%	+21.86%
Average Drawdown Average peak-to-trough decline	-20.85%	-23.54%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.47%	27.70%	+1.77%

Volatility

HOOY vs. PLTW - Volatility Comparison

The current volatility for YieldMax HOOD Option Income Strategy ETF (HOOY) is 19.21%, while PLTR WeeklyPay™ ETF (PLTW) has a volatility of 23.90%. This indicates that HOOY experiences smaller price fluctuations and is considered to be less risky than PLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOY	PLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.21%	23.90%	-4.69%
Volatility (6M) Calculated over the trailing 6-month period	42.24%	46.84%	-4.60%
Volatility (1Y) Calculated over the trailing 1-year period	56.30%	61.88%	-5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.54%	74.35%	-19.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.54%	74.35%	-19.81%

HOOY vs. PLTW - Expense Ratio Comparison

Both HOOY and PLTW have an expense ratio of 0.99%.

Dividends

HOOY vs. PLTW - Dividend Comparison

HOOY's dividend yield for the trailing twelve months is around 166.23%, less than PLTW's 168.25% yield.

Position	TTM	2025
HOOY YieldMax HOOD Option Income Strategy ETF	166.23%	82.87%
PLTW PLTR WeeklyPay™ ETF	168.25%	72.40%

Frequently Asked Questions

Can I hold both HOOY and PLTW in my portfolio?

HOOY and PLTW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOY or PLTW?

PLTW has higher volatility (23.90%) compared to HOOY (19.21%). In terms of maximum drawdown, HOOY dropped -51.54% vs PLTW's -57.27%.

Which ETF is better, HOOY or PLTW?

On 1-year performance, HOOY leads with 3.80% vs -35.40% for PLTW. Both ETFs have the same 0.99% expense ratio. On volatility, HOOY has been the lower-risk option at 19.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOY or PLTW?

Over the 1-year period, HOOY has performed better with a 3.80% return vs -35.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOY or PLTW?

HOOY and PLTW have the same expense ratio: 0.99% per year.

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

PLTW has the higher dividend yield at 168.25%, compared with 166.23% for HOOY.

What is the main difference between HOOY and PLTW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

HOOY currently has the higher Sharpe Ratio (0.07 vs -0.57), 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.