LFGY vs. HYGW
LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both Derivative Income funds. LFGY is actively managed, while HYGW is passively managed. Over the past year, LFGY returned -0.86% vs 5.90% for HYGW. Their 0.50 correlation means they have sometimes moved together and sometimes differently. LFGY charges 1.02%/yr vs 0.69%/yr for HYGW.
Performance
LFGY vs. HYGW - Performance Comparison
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Returns By Period
In the year-to-date period, LFGY achieves a 6.34% return, which is significantly higher than HYGW's 2.36% return.
LFGY
- 1D
- -1.42%
- 1M
- -1.38%
- 6M
- 5.38%
- YTD
- 6.34%
- 1Y
- -0.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.36%
HYGW
- 1D
- 0.14%
- 1M
- 0.03%
- 6M
- 1.81%
- YTD
- 2.36%
- 1Y
- 5.90%
- 3Y*
- 5.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $480.97K | $636.40K | $814.79K | |
| $957.02K | $905.59K | $1.33M |
LFGY vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF | 6.34% | -9.35% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 2.36% | 5.86% |
Correlation
The correlation between LFGY and HYGW is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | 0.50 |
The correlation between LFGY and HYGW has been stable across timeframes, ranging from 0.48 to 0.50 - a consistent structural relationship.
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Return for Risk
LFGY vs. HYGW — Risk / Return Rank
LFGY
HYGW
LFGY vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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.
| LFGY | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.42 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.26 | -3.43 |
| Martin ratioReturn relative to average drawdown | -0.36 | 14.57 | -14.92 |
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Drawdowns
LFGY vs. HYGW - Drawdown Comparison
The maximum LFGY drawdown since its inception was -35.94%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for LFGY and HYGW.
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Drawdown Indicators
| LFGY | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.94% | -5.49% | -30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -35.94% | -1.82% | -34.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.42% | — |
Current DrawdownCurrent decline from peak | -18.77% | -0.21% | -18.56% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -0.59% | -13.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.27% | 0.41% | +16.86% |
Volatility
LFGY vs. HYGW - Volatility Comparison
YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 14.26% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.80%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LFGY | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 0.80% | +13.46% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 2.32% | +31.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.62% | 2.92% | +37.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.60% | 4.62% | +37.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.60% | 4.62% | +37.98% |
LFGY vs. HYGW - Expense Ratio Comparison
LFGY has a 1.02% expense ratio, which is higher than HYGW's 0.69% expense ratio.
Dividends
LFGY vs. HYGW - Dividend Comparison
LFGY's dividend yield for the trailing twelve months is around 85.75%, more than HYGW's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 10.71% | 12.53% | 12.30% | 15.98% | 8.71% |
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF | 85.75% | 94.90% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LFGY and HYGW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LFGY has higher volatility (14.26%) compared to HYGW (0.80%). In terms of maximum drawdown, LFGY dropped -35.94% vs HYGW's -5.49%.
On 1-year performance, HYGW leads with 5.90% vs -0.86% for LFGY. On fees, HYGW is cheaper at 0.69% per year. On volatility, HYGW has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYGW has performed better with a 5.90% return vs -0.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYGW is cheaper with a 0.69% expense ratio, compared with 1.02% for LFGY.
LFGY has the higher dividend yield at 85.75%, compared with 10.71% for HYGW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.02% for LFGY and 0.69% for HYGW.
HYGW currently has the higher Sharpe Ratio (2.03 vs -0.15), 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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