PLTY vs. CONY

Last updated Jun 3, 2026

PLTY (YieldMax PLTR Option Income Strategy ETF) and CONY (YieldMax COIN Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, PLTY returned 11.69% vs -36.44% for CONY. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

PLTY vs. CONY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax PLTR Option Income Strategy ETF (PLTY) 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, PLTY achieves a -8.48% return, which is significantly higher than CONY's -20.81% return.

PLTY

• 1D: -3.89%
• 1M: 7.45%
• YTD: -8.48%
• 6M: -7.00%
• 1Y: 11.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CONY

• 1D: -3.59%
• 1M: -7.49%
• YTD: -20.81%
• 6M: -29.16%
• 1Y: -36.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTY vs. CONY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTY YieldMax PLTR Option Income Strategy ETF	-8.48%	78.06%	49.98%
CONY YieldMax COIN Option Income Strategy ETF	-20.81%	-26.34%	35.53%

Correlation

The correlation between PLTY and CONY is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 9, 2024	0.54

The correlation between PLTY and CONY has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.

Return for Risk

PLTY vs. CONY — Risk / Return Rank

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

PLTY

PLTY Risk / Return Rank: 13
PLTY Sharpe Ratio Rank: 13
PLTY Sortino Ratio Rank: 14
PLTY Omega Ratio Rank: 15
PLTY Calmar Ratio Rank: 13
PLTY Martin Ratio Rank: 12

CONY

CONY Risk / Return Rank: 4
CONY Sharpe Ratio Rank: 3
CONY Sortino Ratio Rank: 4
CONY Omega Ratio Rank: 4
CONY Calmar Ratio Rank: 4
CONY Martin Ratio Rank: 4

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.

PLTY vs. CONY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) 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.

	PLTY	CONY	Difference
Sharpe ratio Return per unit of total volatility	0.27	-0.63	+0.90
Sortino ratio Return per unit of downside risk	0.64	-0.69	+1.33
Omega ratio Gain probability vs. loss probability	1.09	0.92	+0.17
Calmar ratio Return relative to maximum drawdown	0.36	-0.57	+0.93
Martin ratio Return relative to average drawdown	0.70	-0.96	+1.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTY vs. CONY - Sharpe Ratio Comparison

The current PLTY Sharpe Ratio is 0.27, which is higher than the CONY Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of PLTY 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.

Sharpe Ratios by Period

	PLTY	CONY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	-0.63	+0.90
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	0.17	+1.21

Drawdowns

PLTY vs. CONY - Drawdown Comparison

The maximum PLTY drawdown since its inception was -36.61%, smaller than the maximum CONY drawdown of -63.57%. Use the drawdown chart below to compare losses from any high point for PLTY and CONY.

Drawdown Indicators

	PLTY	CONY	Difference
Max Drawdown Largest peak-to-trough decline	-36.61%	-63.57%	+26.96%
Max Drawdown (1Y) Largest decline over 1 year	-34.41%	-63.39%	+28.98%
Current Drawdown Current decline from peak	-20.62%	-55.14%	+34.52%
Average Drawdown Average peak-to-trough decline	-12.74%	-22.12%	+9.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.65%	37.50%	-19.85%

Volatility

PLTY vs. CONY - Volatility Comparison

The current volatility for YieldMax PLTR Option Income Strategy ETF (PLTY) is 13.92%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 15.91%. This indicates that PLTY 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

	PLTY	CONY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.92%	15.91%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	31.89%	43.50%	-11.61%
Volatility (1Y) Calculated over the trailing 1-year period	43.13%	58.03%	-14.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.81%	60.00%	-7.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.81%	60.00%	-7.19%

PLTY vs. CONY - Expense Ratio Comparison

Both PLTY and CONY have an expense ratio of 0.99%.

Dividends

PLTY vs. CONY - Dividend Comparison

PLTY's dividend yield for the trailing twelve months is around 102.78%, less than CONY's 178.59% yield.

Position	TTM	2025	2024	2023
CONY YieldMax COIN Option Income Strategy ETF	178.59%	192.07%	155.66%	16.43%
PLTY YieldMax PLTR Option Income Strategy ETF	102.78%	112.44%	7.85%	0.00%

Frequently Asked Questions

Can I hold both PLTY and CONY in my portfolio?

PLTY and CONY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTY or CONY?

CONY has higher volatility (15.91%) compared to PLTY (13.92%). In terms of maximum drawdown, PLTY dropped -36.61% vs CONY's -63.57%.

Which ETF is better, PLTY or CONY?

On 1-year performance, PLTY leads with 11.69% vs -36.44% for CONY. Both ETFs have the same 0.99% expense ratio. On volatility, PLTY has been the lower-risk option at 13.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTY or CONY?

Over the 1-year period, PLTY has performed better with a 11.69% return vs -36.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTY or CONY?

PLTY and CONY have the same expense ratio: 0.99% per year.

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

CONY has the higher dividend yield at 178.59%, compared with 102.78% for PLTY.

Which has better risk-adjusted returns?

PLTY currently has the higher Sharpe Ratio (0.27 vs -0.63), 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.