OMAH vs. CONY

Last updated Jul 15, 2026

OMAH (VistaShares Target 15™ Berkshire Select Income ETF) and CONY (YieldMax COIN Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, OMAH returned 12.59% vs -56.55% for CONY. At a 0.30 correlation, their price movements are largely independent. OMAH charges 0.95%/yr vs 0.99%/yr for CONY.

Performance

OMAH vs. CONY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15™ Berkshire Select Income ETF (OMAH) and YieldMax COIN Option Income Strategy ETF (CONY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OMAH achieves a 8.87% return, which is significantly higher than CONY's -26.26% return.

OMAH

• 1D: -0.32%
• 1M: 2.34%
• 6M: 9.28%
• YTD: 8.87%
• 1Y: 12.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CONY

• 1D: 2.26%
• 1M: -0.11%
• 6M: -32.76%
• YTD: -26.26%
• 1Y: -56.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OMAH vs. CONY - Yearly Performance Comparison

	2026 (YTD)	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	8.87%	6.55%
CONY YieldMax COIN Option Income Strategy ETF	-26.26%	-15.30%

Correlation

The correlation between OMAH and CONY is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025	0.30

Return for Risk

OMAH vs. CONY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OMAH

OMAH Risk / Return Rank: 65
OMAH Sharpe Ratio Rank: 57
OMAH Sortino Ratio Rank: 57
OMAH Omega Ratio Rank: 54
OMAH Calmar Ratio Rank: 89
OMAH Martin Ratio Rank: 69

CONY

CONY Risk / Return Rank: 2
CONY Sharpe Ratio Rank: 2
CONY Sortino Ratio Rank: 2
CONY Omega Ratio Rank: 2
CONY Calmar Ratio Rank: 1
CONY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OMAH vs. CONY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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.

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.

	OMAH	CONY	Difference
Sharpe ratio: Return per unit of total volatility	1.54	-0.98	+2.52
Sortino ratio: Return per unit of downside risk	2.17	-1.56	+3.74
Omega ratio: Gain probability vs. loss probability	1.27	0.82	+0.45
Calmar ratio: Return relative to maximum drawdown	4.21	-0.89	+5.10
Martin ratio: Return relative to average drawdown	9.93	-1.34	+11.27

OMAH vs. CONY - Sharpe Ratio Comparison

The current OMAH Sharpe Ratio is 1.54, which is higher than the CONY Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of OMAH and CONY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OMAH vs. CONY - Drawdown Comparison

The maximum OMAH drawdown since its inception was -11.83%, smaller than the maximum CONY drawdown of -63.57%. Use the drawdown chart below to compare losses from any high point for OMAH and CONY.

Drawdown Indicators

	OMAH	CONY	Difference
Max Drawdown Largest peak-to-trough decline	-11.83%	-63.57%	+51.74%
Max Drawdown (1Y) Largest decline over 1 year	-3.00%	-63.39%	+60.39%
Current Drawdown Current decline from peak	-0.32%	-58.23%	+57.91%
Average Drawdown Average peak-to-trough decline	-1.25%	-23.53%	+22.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	42.25%	-40.98%

Volatility

OMAH vs. CONY - Volatility Comparison

The current volatility for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) is 2.79%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 13.71%. This indicates that OMAH 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.

Volatility by Period

	OMAH	CONY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	13.71%	-10.92%
Volatility (6M) Calculated over the trailing 6-month period	5.74%	45.26%	-39.52%
Volatility (1Y) Calculated over the trailing 1-year period	8.21%	57.72%	-49.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.90%	59.73%	-46.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.90%	59.73%	-46.83%

OMAH vs. CONY - Expense Ratio Comparison

OMAH has a 0.95% expense ratio, which is lower than CONY's 0.99% expense ratio.

Dividends

OMAH vs. CONY - Dividend Comparison

OMAH's dividend yield for the trailing twelve months is around 14.98%, less than CONY's 188.68% yield.

Position	TTM	2025	2024	2023
CONY YieldMax COIN Option Income Strategy ETF	188.68%	192.07%	155.66%	16.43%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	14.98%	12.86%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OMAH and CONY in my portfolio?

OMAH and CONY have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OMAH or CONY?

CONY has higher volatility (13.71%) compared to OMAH (2.79%). In terms of maximum drawdown, OMAH dropped -11.83% vs CONY's -63.57%.

Which ETF is better, OMAH or CONY?

On 1-year performance, OMAH leads with 12.59% vs -56.55% for CONY. On fees, OMAH is cheaper at 0.95% per year. On volatility, OMAH has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMAH or CONY?

Over the 1-year period, OMAH has performed better with a 12.59% return vs -56.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMAH or CONY?

OMAH is cheaper with a 0.95% expense ratio, compared with 0.99% for CONY.

Which ETF pays a higher dividend yield, OMAH or CONY?

CONY has the higher dividend yield at 188.68%, compared with 14.98% for OMAH.

What is the main difference between OMAH and CONY?

They also come from different issuers: VistaShares and YieldMax. Their fees differ too: 0.95% for OMAH and 0.99% for CONY.

Which has better risk-adjusted returns?

OMAH currently has the higher Sharpe Ratio (1.54 vs -0.98), 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.