HOOY vs. SMCY

Last updated Jun 14, 2026

HOOY (YieldMax HOOD Option Income Strategy ETF) and SMCY (YieldMax SMCI Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, HOOY returned 16.41% vs -30.54% for SMCY. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

HOOY vs. SMCY - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOY achieves a -13.15% return, which is significantly lower than SMCY's -5.47% return.

HOOY

• 1D: 0.37%
• 1M: 14.61%
• YTD: -13.15%
• 6M: -15.59%
• 1Y: 16.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMCY

• 1D: -3.83%
• 1M: -6.58%
• YTD: -5.47%
• 6M: -12.25%
• 1Y: -30.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOY vs. SMCY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOY YieldMax HOOD Option Income Strategy ETF	-13.15%	67.41%
SMCY YieldMax SMCI Option Income Strategy ETF	-5.47%	-11.85%

Correlation

The correlation between HOOY and SMCY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 8, 2025	0.45

Return for Risk

HOOY vs. SMCY — 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: 12

SMCY

SMCY Risk / Return Rank: 6
SMCY Sharpe Ratio Rank: 5
SMCY Sortino Ratio Rank: 7
SMCY Omega Ratio Rank: 6
SMCY Calmar Ratio Rank: 5
SMCY Martin Ratio Rank: 5

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. SMCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) and YieldMax SMCI Option Income Strategy ETF (SMCY). 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	SMCY	Difference
Sharpe ratio: Return per unit of total volatility	0.26	-0.47	+0.73
Sortino ratio: Return per unit of downside risk	0.75	-0.23	+0.98
Omega ratio: Gain probability vs. loss probability	1.09	0.96	+0.13
Calmar ratio: Return relative to maximum drawdown	0.28	-0.55	+0.83
Martin ratio: Return relative to average drawdown	0.50	-0.94	+1.44

HOOY vs. SMCY - Sharpe Ratio Comparison

The current HOOY Sharpe Ratio is 0.26, which is higher than the SMCY Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of HOOY and SMCY, 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. SMCY - Drawdown Comparison

The maximum HOOY drawdown since its inception was -51.54%, smaller than the maximum SMCY drawdown of -64.75%. Use the drawdown chart below to compare losses from any high point for HOOY and SMCY.

Drawdown Indicators

	HOOY	SMCY	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-64.75%	+13.21%
Max Drawdown (1Y) Largest decline over 1 year	-51.54%	-60.43%	+8.89%
Current Drawdown Current decline from peak	-35.28%	-54.43%	+19.15%
Average Drawdown Average peak-to-trough decline	-20.56%	-37.05%	+16.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.94%	35.47%	-6.53%

Volatility

HOOY vs. SMCY - Volatility Comparison

The current volatility for YieldMax HOOD Option Income Strategy ETF (HOOY) is 17.45%, while YieldMax SMCI Option Income Strategy ETF (SMCY) has a volatility of 39.48%. This indicates that HOOY experiences smaller price fluctuations and is considered to be less risky than SMCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOY	SMCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.45%	39.48%	-22.03%
Volatility (6M) Calculated over the trailing 6-month period	42.40%	65.75%	-23.35%
Volatility (1Y) Calculated over the trailing 1-year period	55.83%	71.14%	-15.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.40%	80.26%	-25.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.40%	80.26%	-25.86%

HOOY vs. SMCY - Expense Ratio Comparison

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

Dividends

HOOY vs. SMCY - Dividend Comparison

HOOY's dividend yield for the trailing twelve months is around 155.65%, less than SMCY's 210.02% yield.

Position	TTM	2025	2024
HOOY YieldMax HOOD Option Income Strategy ETF	155.65%	82.87%	0.00%
SMCY YieldMax SMCI Option Income Strategy ETF	210.02%	231.43%	38.43%

Frequently Asked Questions

Can I hold both HOOY and SMCY in my portfolio?

HOOY and SMCY have a correlation of 0.45, 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 SMCY?

SMCY has higher volatility (39.48%) compared to HOOY (17.45%). In terms of maximum drawdown, HOOY dropped -51.54% vs SMCY's -64.75%.

Which ETF is better, HOOY or SMCY?

On 1-year performance, HOOY leads with 16.41% vs -30.54% for SMCY. Both ETFs have the same 0.99% expense ratio. On volatility, HOOY has been the lower-risk option at 17.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOY or SMCY?

Over the 1-year period, HOOY has performed better with a 16.41% return vs -30.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOY or SMCY?

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

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

SMCY has the higher dividend yield at 210.02%, compared with 155.65% for HOOY.

Which has better risk-adjusted returns?

HOOY currently has the higher Sharpe Ratio (0.26 vs -0.47), 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.