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OARK vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


OARKSPY
YTD Return-0.42%23.18%
1Y Return26.24%40.57%
Sharpe Ratio1.123.45
Sortino Ratio1.564.57
Omega Ratio1.201.65
Calmar Ratio1.154.12
Martin Ratio3.3622.62
Ulcer Index8.60%1.83%
Daily Std Dev25.85%12.01%
Max Drawdown-27.24%-55.19%
Current Drawdown-5.48%-0.78%

Correlation

-0.50.00.51.00.7

The correlation between OARK and SPY is 0.67, 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. SPY - Performance Comparison

In the year-to-date period, OARK achieves a -0.42% return, which is significantly lower than SPY's 23.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctober
9.25%
16.65%
OARK
SPY

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OARK vs. SPY - Expense Ratio Comparison

OARK has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.


OARK
YieldMax Innovation Option Income Strategy ETF
Expense ratio chart for OARK: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

OARK vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) and SPDR S&P 500 ETF (SPY). 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.


OARK
Sharpe ratio
The chart of Sharpe ratio for OARK, currently valued at 1.12, compared to the broader market-2.000.002.004.006.001.12
Sortino ratio
The chart of Sortino ratio for OARK, currently valued at 1.56, compared to the broader market0.005.0010.001.56
Omega ratio
The chart of Omega ratio for OARK, currently valued at 1.20, compared to the broader market1.001.502.002.503.003.501.20
Calmar ratio
The chart of Calmar ratio for OARK, currently valued at 1.15, compared to the broader market0.005.0010.0015.001.15
Martin ratio
The chart of Martin ratio for OARK, currently valued at 3.36, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.36
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 3.45, compared to the broader market-2.000.002.004.006.003.45
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 4.57, compared to the broader market0.005.0010.004.57
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.65, compared to the broader market1.001.502.002.503.003.501.65
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 4.93, compared to the broader market0.005.0010.0015.004.93
Martin ratio
The chart of Martin ratio for SPY, currently valued at 22.62, compared to the broader market0.0020.0040.0060.0080.00100.00120.0022.62

OARK vs. SPY - Sharpe Ratio Comparison

The current OARK Sharpe Ratio is 1.12, which is lower than the SPY Sharpe Ratio of 3.45. The chart below compares the historical Sharpe Ratios of OARK and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctober
1.12
3.45
OARK
SPY

Dividends

OARK vs. SPY - Dividend Comparison

OARK's dividend yield for the trailing twelve months is around 42.26%, more than SPY's 1.21% yield.


TTM20232022202120202019201820172016201520142013
OARK
YieldMax Innovation Option Income Strategy ETF
42.26%45.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

OARK vs. SPY - Drawdown Comparison

The maximum OARK drawdown since its inception was -27.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OARK and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctober
-5.48%
-0.78%
OARK
SPY

Volatility

OARK vs. SPY - Volatility Comparison

YieldMax Innovation Option Income Strategy ETF (OARK) has a higher volatility of 5.90% compared to SPDR S&P 500 ETF (SPY) at 2.51%. This indicates that OARK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctober
5.90%
2.51%
OARK
SPY