HOOY vs. SHV
HOOY (YieldMax HOOD Option Income Strategy ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - HOOY is a Derivative Income fund actively managed by YieldMax, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. HOOY is actively managed, while SHV is passively managed. Over the past year, HOOY returned -3.54% vs 3.81% for SHV. At a correlation of -0.05, they often move in opposite directions. HOOY charges 0.99%/yr vs 0.15%/yr for SHV.
Performance
HOOY vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, HOOY achieves a -3.91% return, which is significantly lower than SHV's 1.84% return.
HOOY
- 1D
- -6.94%
- 1M
- 6.70%
- 6M
- -3.10%
- YTD
- -3.91%
- 1Y
- -3.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 1.72%
- YTD
- 1.84%
- 1Y
- 3.81%
- 3Y*
- 4.58%
- 5Y*
- 3.40%
- 10Y*
- 2.26%
HOOY vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOOY YieldMax HOOD Option Income Strategy ETF | -3.91% | 67.41% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.84% | 2.74% |
Correlation
The correlation between HOOY and SHV is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 8, 2025 | -0.05 |
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Return for Risk
HOOY vs. SHV — Risk / Return Rank
HOOY
SHV
HOOY vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) and iShares 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.23 | ||
| Sortino ratioReturn per unit of downside risk | -92.17 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 30.49 | -29.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 140.72 | -140.79 |
| Martin ratioReturn relative to average drawdown | -0.12 | 1,495.85 | -1,495.97 |
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Drawdowns
HOOY vs. SHV - Drawdown Comparison
The maximum HOOY drawdown since its inception was -51.54%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for HOOY and SHV.
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Drawdown Indicators
| HOOY | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.54% | -0.45% | -51.09% |
Max Drawdown (1Y)Largest decline over 1 year | -51.54% | -0.03% | -51.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -28.40% | 0.00% | -28.40% |
Average DrawdownAverage peak-to-trough decline | -21.11% | -0.03% | -21.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.12% | 0.00% | +30.12% |
Volatility
HOOY vs. SHV - Volatility Comparison
YieldMax HOOD Option Income Strategy ETF (HOOY) has a higher volatility of 16.16% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.08%. This indicates that HOOY's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HOOY | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.16% | 0.08% | +16.08% |
Volatility (6M)Calculated over the trailing 6-month period | 43.54% | 0.14% | +43.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.45% | 0.21% | +56.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.51% | 0.29% | +54.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.51% | 0.28% | +54.23% |
HOOY vs. SHV - Expense Ratio Comparison
HOOY has a 0.99% expense ratio, which is higher than SHV's 0.15% expense ratio.
Dividends
HOOY vs. SHV - Dividend Comparison
HOOY's dividend yield for the trailing twelve months is around 142.29%, more than SHV's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOOY YieldMax HOOD Option Income Strategy ETF | 142.29% | 82.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.78% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
HOOY and SHV have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HOOY has higher volatility (16.16%) compared to SHV (0.08%). In terms of maximum drawdown, HOOY dropped -51.54% vs SHV's -0.45%.
On 1-year performance, SHV leads with 3.81% vs -3.54% for HOOY. On fees, SHV is cheaper at 0.15% per year. On volatility, SHV has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SHV has performed better with a 3.81% return vs -3.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHV is cheaper with a 0.15% expense ratio, compared with 0.99% for HOOY.
HOOY has the higher dividend yield at 142.29%, compared with 3.78% for SHV.
HOOY is categorized as Derivative Income, while SHV is Government Bonds. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for HOOY and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (18.17 vs -0.06), 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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