PYPL vs. PYPY

Last updated Apr 2, 2026

Compare and contrast key facts about PayPal Holdings, Inc. (PYPL) and Yieldmax PYPL Option Income Strategy ETF (PYPY).

PYPY is an actively managed fund by YieldMax. It was launched on Sep 25, 2023.

Performance

PYPL vs. PYPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PayPal Holdings, Inc. (PYPL) and Yieldmax PYPL Option Income Strategy ETF (PYPY). The values are adjusted to include any dividend payments, if applicable.

PYPL vs. PYPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PYPL PayPal Holdings, Inc.	-23.32%	-31.44%	38.98%	4.21%
PYPY Yieldmax PYPL Option Income Strategy ETF	-21.27%	-30.17%	43.88%	6.09%

Returns By Period

In the year-to-date period, PYPL achieves a -23.32% return, which is significantly lower than PYPY's -21.27% return.

PYPL

• 1D: -1.33%
• 1M: -1.90%
• YTD: -23.32%
• 6M: -32.69%
• 1Y: -32.12%
• 3Y*: -16.09%
• 5Y*: -28.93%
• 10Y*: 1.31%

PYPY

• 1D: -0.34%
• 1M: 0.24%
• YTD: -21.27%
• 6M: -31.57%
• 1Y: -32.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

PYPL vs. PYPY — Risk / Return Rank

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

PYPL

PYPL Risk / Return Rank: 13
PYPL Sharpe Ratio Rank: 9
PYPL Sortino Ratio Rank: 12
PYPL Omega Ratio Rank: 11
PYPL Calmar Ratio Rank: 19
PYPL Martin Ratio Rank: 11

PYPY

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

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.

PYPL vs. PYPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PayPal Holdings, Inc. (PYPL) and Yieldmax PYPL Option Income Strategy ETF (PYPY). 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.

	PYPL	PYPY	Difference
Sharpe ratio Return per unit of total volatility	-0.78	-0.91	+0.13
Sortino ratio Return per unit of downside risk	-0.90	-1.10	+0.19
Omega ratio Gain probability vs. loss probability	0.87	0.83	+0.04
Calmar ratio Return relative to maximum drawdown	-0.63	-0.67	+0.04
Martin ratio Return relative to average drawdown	-1.41	-1.48	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PYPL vs. PYPY - Sharpe Ratio Comparison

The current PYPL Sharpe Ratio is -0.78, which is comparable to the PYPY Sharpe Ratio of -0.91. The chart below compares the historical Sharpe Ratios of PYPL and PYPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PYPL	PYPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	-0.91	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.22	+0.24

Correlation

The correlation between PYPL and PYPY is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PYPL vs. PYPY - Dividend Comparison

PYPL's dividend yield for the trailing twelve months is around 0.63%, less than PYPY's 77.04% yield.

	TTM	2025	2024	2023
PYPL PayPal Holdings, Inc.	0.63%	0.24%	0.00%	0.00%
PYPY Yieldmax PYPL Option Income Strategy ETF	77.04%	64.68%	48.65%	5.70%

Drawdowns

PYPL vs. PYPY - Drawdown Comparison

The maximum PYPL drawdown since its inception was -87.30%, which is greater than PYPY's maximum drawdown of -53.64%. Use the drawdown chart below to compare losses from any high point for PYPL and PYPY.

Drawdown Indicators

	PYPL	PYPY	Difference
Max Drawdown Largest peak-to-trough decline	-87.30%	-53.64%	-33.66%
Max Drawdown (1Y) Largest decline over 1 year	-49.92%	-47.14%	-2.78%
Max Drawdown (5Y) Largest decline over 5 years	-87.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.30%	—	—
Current Drawdown Current decline from peak	-85.46%	-47.84%	-37.62%
Average Drawdown Average peak-to-trough decline	-34.85%	-14.15%	-20.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.16%	21.41%	+0.75%

Volatility

PYPL vs. PYPY - Volatility Comparison

PayPal Holdings, Inc. (PYPL) has a higher volatility of 9.51% compared to Yieldmax PYPL Option Income Strategy ETF (PYPY) at 8.45%. This indicates that PYPL's price experiences larger fluctuations and is considered to be riskier than PYPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYPL	PYPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	8.45%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	33.39%	30.16%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	41.35%	35.97%	+5.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.99%	31.46%	+10.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.63%	31.46%	+7.17%