ISHG vs. CONY
ISHG (iShares 1-3 Year International Treasury Bond ETF) and CONY (YieldMax COIN Option Income Strategy ETF) are both exchange-traded funds - ISHG is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, while CONY is a Derivative Income fund actively managed by YieldMax. ISHG is passively managed, while CONY is actively managed. Over the past year, ISHG returned -0.16% vs -49.52% for CONY. At a 0.21 correlation, their price movements are largely independent. ISHG charges 0.35%/yr vs 0.99%/yr for CONY.
Performance
ISHG vs. CONY - Performance Comparison
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Returns By Period
In the year-to-date period, ISHG achieves a -1.71% return, which is significantly higher than CONY's -26.79% return.
ISHG
- 1D
- -0.34%
- 1M
- -1.79%
- YTD
- -1.71%
- 6M
- -1.87%
- 1Y
- -0.16%
- 3Y*
- 3.51%
- 5Y*
- -1.12%
- 10Y*
- -0.31%
CONY
- 1D
- -3.16%
- 1M
- -11.77%
- YTD
- -26.79%
- 6M
- -30.97%
- 1Y
- -49.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISHG vs. CONY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | -1.71% | 13.31% | -4.16% | 4.19% |
CONY YieldMax COIN Option Income Strategy ETF | -26.79% | -26.34% | 23.62% | 76.18% |
Correlation
The correlation between ISHG and CONY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.21 |
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Return for Risk
ISHG vs. CONY — Risk / Return Rank
ISHG
CONY
ISHG vs. CONY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year International Treasury Bond ETF (ISHG) and YieldMax COIN Option Income Strategy ETF (CONY). 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.
| ISHG | CONY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.86 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.78 | +0.75 |
| Martin ratioReturn relative to average drawdown | -0.07 | -1.24 | +1.17 |
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Drawdowns
ISHG vs. CONY - Drawdown Comparison
The maximum ISHG drawdown since its inception was -37.24%, smaller than the maximum CONY drawdown of -63.57%. Use the drawdown chart below to compare losses from any high point for ISHG and CONY.
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Drawdown Indicators
| ISHG | CONY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -63.57% | +26.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -63.39% | +58.37% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.56% | — | — |
Current DrawdownCurrent decline from peak | -23.56% | -58.53% | +34.97% |
Average DrawdownAverage peak-to-trough decline | -18.44% | -22.83% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 39.89% | -37.76% |
Volatility
ISHG vs. CONY - Volatility Comparison
The current volatility for iShares 1-3 Year International Treasury Bond ETF (ISHG) is 1.78%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 15.74%. This indicates that ISHG experiences smaller price fluctuations and is considered to be less risky than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISHG | CONY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 15.74% | -13.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.90% | 44.42% | -39.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.55% | 57.79% | -51.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 59.89% | -52.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 59.89% | -52.96% |
ISHG vs. CONY - Expense Ratio Comparison
ISHG has a 0.35% expense ratio, which is lower than CONY's 0.99% expense ratio.
Dividends
ISHG vs. CONY - Dividend Comparison
ISHG's dividend yield for the trailing twelve months is around 1.48%, less than CONY's 204.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 204.97% | 192.07% | 155.66% | 16.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.48% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
Frequently Asked Questions
ISHG and CONY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONY has higher volatility (15.74%) compared to ISHG (1.78%). In terms of maximum drawdown, ISHG dropped -37.24% vs CONY's -63.57%.
On 1-year performance, ISHG leads with -0.16% vs -49.52% for CONY. On fees, ISHG is cheaper at 0.35% per year. On volatility, ISHG has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ISHG has performed better with a -0.16% return vs -49.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISHG is cheaper with a 0.35% expense ratio, compared with 0.99% for CONY.
CONY has the higher dividend yield at 204.97%, compared with 1.48% for ISHG.
ISHG is categorized as International Government Bonds, while CONY is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.35% for ISHG and 0.99% for CONY.
ISHG currently has the higher Sharpe Ratio (-0.02 vs -0.86), 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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