OARK vs. SPY
Compare and contrast key facts about YieldMax Innovation Option Income Strategy ETF (OARK) and SPDR S&P 500 ETF (SPY).
OARK and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OARK or SPY.
Performance
OARK vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, OARK achieves a 5.00% return, which is significantly lower than SPY's 25.41% return.
OARK
5.00%
6.67%
12.64%
22.23%
N/A
N/A
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| OARK | SPY | |
|---|---|---|
| Sharpe Ratio | 0.79 | 2.62 |
| Sortino Ratio | 1.19 | 3.50 |
| Omega Ratio | 1.15 | 1.49 |
| Calmar Ratio | 0.97 | 3.78 |
| Martin Ratio | 2.44 | 17.00 |
| Ulcer Index | 8.65% | 1.87% |
| Daily Std Dev | 26.85% | 12.14% |
| Max Drawdown | -27.24% | -55.19% |
| Current Drawdown | -3.95% | -1.38% |
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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.
Correlation
The correlation between OARK and SPY is 0.68, 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.
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.
Dividends
OARK vs. SPY - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 40.24%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 40.24% | 45.04% | 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 | 1.19% | 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.
Volatility
OARK vs. SPY - Volatility Comparison
YieldMax Innovation Option Income Strategy ETF (OARK) has a higher volatility of 11.07% compared to SPDR S&P 500 ETF (SPY) at 4.09%. 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.