PLTY vs. FOF

Last updated Jul 14, 2026

PLTY (YieldMax PLTR Option Income Strategy ETF) and FOF (Cohen & Steers Closed-End Opportunity Fund) are both funds - PLTY is a Derivative Income fund actively managed by YieldMax, while FOF is a Large Cap Value Equities fund actively managed by Cohen & Steers. Both are actively managed. Over the past year, PLTY returned -7.16% vs 17.14% for FOF. At a 0.23 correlation, their price movements are largely independent. PLTY charges 0.99%/yr vs 0.95%/yr for FOF.

Performance

PLTY vs. FOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax PLTR Option Income Strategy ETF (PLTY) and Cohen & Steers Closed-End Opportunity Fund (FOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTY achieves a -19.50% return, which is significantly lower than FOF's 9.03% return.

PLTY

• 1D: 2.13%
• 1M: 1.84%
• 6M: -19.72%
• YTD: -19.50%
• 1Y: -7.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FOF

• 1D: 0.22%
• 1M: 2.97%
• 6M: 6.37%
• YTD: 9.03%
• 1Y: 17.14%
• 3Y*: 17.87%
• 5Y*: 7.44%
• 10Y*: 10.70%

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

PLTY vs. FOF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTY YieldMax PLTR Option Income Strategy ETF	-19.50%	78.06%	52.50%
FOF Cohen & Steers Closed-End Opportunity Fund	9.03%	13.01%	-1.07%

Correlation

The correlation between PLTY and FOF is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024	0.23

Return for Risk

PLTY vs. FOF — Risk / Return Rank

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

PLTY

PLTY Risk / Return Rank: 8
PLTY Sharpe Ratio Rank: 8
PLTY Sortino Ratio Rank: 8
PLTY Omega Ratio Rank: 8
PLTY Calmar Ratio Rank: 7
PLTY Martin Ratio Rank: 7

FOF

FOF Risk / Return Rank: 27
FOF Sharpe Ratio Rank: 32
FOF Sortino Ratio Rank: 32
FOF Omega Ratio Rank: 33
FOF Calmar Ratio Rank: 19
FOF Martin Ratio Rank: 19

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. FOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) and Cohen & Steers Closed-End Opportunity Fund (FOF). 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.

	PLTY	FOF	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	1.24	-1.40
Sortino ratio: Return per unit of downside risk	0.06	1.78	-1.72
Omega ratio: Gain probability vs. loss probability	1.01	1.23	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.17	1.14	-1.32
Martin ratio: Return relative to average drawdown	-0.35	3.53	-3.89

PLTY vs. FOF - Sharpe Ratio Comparison

The current PLTY Sharpe Ratio is -0.17, which is lower than the FOF Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of PLTY and FOF, 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

PLTY vs. FOF - Drawdown Comparison

The maximum PLTY drawdown since its inception was -41.36%, smaller than the maximum FOF drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for PLTY and FOF.

Drawdown Indicators

	PLTY	FOF	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-59.38%	+18.02%
Max Drawdown (1Y) Largest decline over 1 year	-41.36%	-15.07%	-26.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.74%	—
Current Drawdown Current decline from peak	-30.18%	-4.79%	-25.39%
Average Drawdown Average peak-to-trough decline	-13.87%	-9.33%	-4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.47%	4.86%	+15.61%

Volatility

PLTY vs. FOF - Volatility Comparison

YieldMax PLTR Option Income Strategy ETF (PLTY) has a higher volatility of 14.18% compared to Cohen & Steers Closed-End Opportunity Fund (FOF) at 3.03%. This indicates that PLTY's price experiences larger fluctuations and is considered to be riskier than FOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTY	FOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.18%	3.03%	+11.15%
Volatility (6M) Calculated over the trailing 6-month period	33.44%	12.45%	+20.99%
Volatility (1Y) Calculated over the trailing 1-year period	43.34%	13.93%	+29.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.49%	18.03%	+34.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.49%	20.33%	+32.16%

PLTY vs. FOF - Expense Ratio Comparison

PLTY has a 0.99% expense ratio, which is higher than FOF's 0.95% expense ratio.

Dividends

PLTY vs. FOF - Dividend Comparison

PLTY's dividend yield for the trailing twelve months is around 119.47%, more than FOF's 7.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOF Cohen & Steers Closed-End Opportunity Fund	7.53%	7.91%	8.22%	9.32%	9.99%	7.06%	8.41%	7.78%	9.41%	7.84%	8.90%	9.49%
PLTY YieldMax PLTR Option Income Strategy ETF	119.47%	112.44%	7.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTY and FOF in my portfolio?

PLTY and FOF have a correlation of 0.19, 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 FOF?

PLTY has higher volatility (14.18%) compared to FOF (3.03%). In terms of maximum drawdown, PLTY dropped -41.36% vs FOF's -59.38%.

Which has better risk-adjusted returns?

FOF currently has the higher Sharpe Ratio (1.24 vs -0.17), 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.