OARK vs. CONY
Compare and contrast key facts about YieldMax Innovation Option Income Strategy ETF (OARK) and YieldMax COIN Option Income Strategy ETF (CONY).
OARK and CONY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022. CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OARK or CONY.
Correlation
The correlation between OARK and CONY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OARK vs. CONY - Performance Comparison
Key characteristics
OARK:
0.06
CONY:
-0.18
OARK:
0.31
CONY:
0.20
OARK:
1.04
CONY:
1.02
OARK:
0.06
CONY:
-0.24
OARK:
0.19
CONY:
-0.53
OARK:
10.71%
CONY:
22.56%
OARK:
34.42%
CONY:
66.64%
OARK:
-35.48%
CONY:
-50.34%
OARK:
-26.37%
CONY:
-39.90%
Returns By Period
In the year-to-date period, OARK achieves a -17.01% return, which is significantly higher than CONY's -21.85% return.
OARK
-17.01%
-11.12%
-6.53%
-0.77%
N/A
N/A
CONY
-21.85%
-6.98%
-5.97%
-19.57%
N/A
N/A
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OARK vs. CONY - Expense Ratio Comparison
Both OARK and CONY have an expense ratio of 0.99%.
Risk-Adjusted Performance
OARK vs. CONY — Risk-Adjusted Performance Rank
OARK
CONY
OARK vs. CONY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) 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.
Dividends
OARK vs. CONY - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 63.28%, less than CONY's 191.45% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 63.28% | 47.85% | 45.04% |
CONY YieldMax COIN Option Income Strategy ETF | 191.45% | 155.65% | 16.44% |
Drawdowns
OARK vs. CONY - Drawdown Comparison
The maximum OARK drawdown since its inception was -35.48%, smaller than the maximum CONY drawdown of -50.34%. Use the drawdown chart below to compare losses from any high point for OARK and CONY. For additional features, visit the drawdowns tool.
Volatility
OARK vs. CONY - Volatility Comparison
The current volatility for YieldMax Innovation Option Income Strategy ETF (OARK) is 18.50%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 19.72%. This indicates that OARK 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.