KYLD vs. ZHDG
KYLD (Kurv High Income ETF) and ZHDG (ZEGA Buy and Hedge ETF) are both Derivative Income funds. Both are actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. KYLD charges 1.00%/yr vs 0.98%/yr for ZHDG.
Performance
KYLD vs. ZHDG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KYLD achieves a 10.14% return, which is significantly higher than ZHDG's 3.70% return.
KYLD
- 1D
- -1.70%
- 1M
- -7.82%
- 6M
- 11.05%
- YTD
- 10.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ZHDG
- 1D
- 0.93%
- 1M
- 0.42%
- 6M
- 3.73%
- YTD
- 3.70%
- 1Y
- 12.63%
- 3Y*
- 11.96%
- 5Y*
- 5.50%
- 10Y*
- —
- ALL TIME*
- 5.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.07M | $1.06M | $870.61K | |
| $62.25K | $81.40K | $91.61K |
KYLD vs. ZHDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KYLD Kurv High Income ETF | 10.14% | -11.41% |
ZHDG ZEGA Buy and Hedge ETF | 3.70% | 0.09% |
Correlation
The correlation between KYLD and ZHDG is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025 | 0.68 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KYLD vs. ZHDG — Risk / Return Rank
KYLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZHDG
KYLD vs. ZHDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv High Income ETF (KYLD) and ZEGA Buy and Hedge ETF (ZHDG). 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.
| KYLD | ZHDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.29 | — |
| Martin ratioReturn relative to average drawdown | — | 4.92 | — |
Loading charts...
Drawdowns
KYLD vs. ZHDG - Drawdown Comparison
The maximum KYLD drawdown since its inception was -21.14%, smaller than the maximum ZHDG drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for KYLD and ZHDG.
Loading charts...
Drawdown Indicators
| KYLD | ZHDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -23.27% | +2.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.56% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.27% | — |
Current DrawdownCurrent decline from peak | -10.76% | -1.95% | -8.81% |
Average DrawdownAverage peak-to-trough decline | -8.03% | -7.97% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.24% | — |
Volatility
KYLD vs. ZHDG - Volatility Comparison
Loading charts...
Volatility by Period
| KYLD | ZHDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 11.22% | +21.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.81% | 11.84% | +20.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.81% | 11.80% | +21.01% |
KYLD vs. ZHDG - Expense Ratio Comparison
KYLD has a 1.00% expense ratio, which is higher than ZHDG's 0.98% expense ratio.
Dividends
KYLD vs. ZHDG - Dividend Comparison
KYLD's dividend yield for the trailing twelve months is around 22.96%, more than ZHDG's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
KYLD Kurv High Income ETF | 22.96% | 6.14% | 0.00% | 0.00% | 0.00% | 0.00% |
ZHDG ZEGA Buy and Hedge ETF | 2.47% | 2.57% | 2.59% | 1.52% | 3.58% | 1.33% |
Frequently Asked Questions
KYLD and ZHDG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZHDG is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZHDG is cheaper with a 0.98% expense ratio, compared with 1.00% for KYLD.
KYLD has the higher dividend yield at 22.96%, compared with 2.47% for ZHDG.
They also come from different issuers: Kurv and Tidal. Their fees differ too: 1.00% for KYLD and 0.98% for ZHDG.
Find the right allocation for KYLD and ZHDG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer