OARK vs. ABNY
OARK (YieldMax Innovation Option Income Strategy ETF) and ABNY (YieldMax ABNB Option Income Strategy ETF) are both exchange-traded funds - OARK is a Options Trading fund actively managed by YieldMax, while ABNY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, OARK returned 23.67% vs 1.04% for ABNY. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
OARK vs. ABNY - Performance Comparison
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Returns By Period
In the year-to-date period, OARK achieves a 3.08% return, which is significantly higher than ABNY's 1.09% return.
OARK
- 1D
- 0.49%
- 1M
- 0.15%
- YTD
- 3.08%
- 6M
- 0.24%
- 1Y
- 23.67%
- 3Y*
- 11.56%
- 5Y*
- —
- 10Y*
- —
ABNY
- 1D
- 1.11%
- 1M
- 0.92%
- YTD
- 1.09%
- 6M
- 6.68%
- 1Y
- 1.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OARK vs. ABNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 3.08% | 20.37% | 20.23% |
ABNY YieldMax ABNB Option Income Strategy ETF | 1.09% | -2.05% | -9.52% |
Correlation
The correlation between OARK and ABNY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024 | 0.51 |
The correlation between OARK and ABNY has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
OARK vs. ABNY — Risk / Return Rank
OARK
ABNY
OARK vs. ABNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) and YieldMax ABNB Option Income Strategy ETF (ABNY). 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.
| OARK | ABNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.07 | +1.14 |
| Martin ratioReturn relative to average drawdown | 2.49 | -0.15 | +2.64 |
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Drawdowns
OARK vs. ABNY - Drawdown Comparison
The maximum OARK drawdown since its inception was -35.48%, which is greater than ABNY's maximum drawdown of -31.62%. Use the drawdown chart below to compare losses from any high point for OARK and ABNY.
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Drawdown Indicators
| OARK | ABNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -31.62% | -3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -23.26% | -17.87% | -5.39% |
Max Drawdown (3Y)Largest decline over 3 years | -35.48% | — | — |
Current DrawdownCurrent decline from peak | -9.41% | -15.00% | +5.59% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -16.24% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.91% | 9.01% | +0.90% |
Volatility
OARK vs. ABNY - Volatility Comparison
YieldMax Innovation Option Income Strategy ETF (OARK) has a higher volatility of 9.10% compared to YieldMax ABNB Option Income Strategy ETF (ABNY) at 5.94%. This indicates that OARK's price experiences larger fluctuations and is considered to be riskier than ABNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OARK | ABNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 5.94% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 21.00% | 19.17% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.43% | 24.75% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.94% | 30.00% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.94% | 30.00% | +0.94% |
OARK vs. ABNY - Expense Ratio Comparison
Both OARK and ABNY have an expense ratio of 0.99%.
Dividends
OARK vs. ABNY - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 62.47%, more than ABNY's 51.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ABNY YieldMax ABNB Option Income Strategy ETF | 51.58% | 53.45% | 22.09% | 0.00% |
OARK YieldMax Innovation Option Income Strategy ETF | 62.47% | 61.86% | 47.86% | 45.03% |
Frequently Asked Questions
OARK and ABNY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OARK has higher volatility (9.10%) compared to ABNY (5.94%). In terms of maximum drawdown, OARK dropped -35.48% vs ABNY's -31.62%.
On 1-year performance, OARK leads with 23.67% vs 1.04% for ABNY. Both ETFs have the same 0.99% expense ratio. On volatility, ABNY has been the lower-risk option at 5.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OARK has performed better with a 23.67% return vs 1.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OARK and ABNY have the same expense ratio: 0.99% per year.
OARK has the higher dividend yield at 62.47%, compared with 51.58% for ABNY.
OARK is categorized as Options Trading, while ABNY is Derivative Income.
OARK currently has the higher Sharpe Ratio (0.87 vs -0.05), 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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