PYPL vs. PYPY
PYPL (PayPal Holdings, Inc.) is a stock, while PYPY (Yieldmax PYPL Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, PYPL returned -32.65% vs -32.99% for PYPY. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
PYPL vs. PYPY - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PYPL having a -17.86% return and PYPY slightly higher at -17.76%.
PYPL
- 1D
- 2.87%
- 1M
- 14.74%
- 6M
- -16.30%
- YTD
- -17.86%
- 1Y
- -32.65%
- 3Y*
- -12.64%
- 5Y*
- -30.70%
- 10Y*
- 2.09%
PYPY
- 1D
- 2.32%
- 1M
- 9.42%
- 6M
- -16.71%
- YTD
- -17.76%
- 1Y
- -32.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPL vs. PYPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PYPL PayPal Holdings, Inc. | -17.86% | -31.44% | 38.98% | 4.33% |
PYPY Yieldmax PYPL Option Income Strategy ETF | -17.76% | -30.17% | 43.88% | 6.19% |
Correlation
The correlation between PYPL and PYPY is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2023 | 0.94 |
The correlation between PYPL and PYPY has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
PYPL vs. PYPY — Risk / Return Rank
PYPL
PYPY
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.
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.
| PYPL | PYPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.82 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.70 | +0.05 |
| Martin ratioReturn relative to average drawdown | -1.06 | -1.11 | +0.06 |
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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.
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Drawdown Indicators
| PYPL | PYPY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | -57.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.30% | — | — |
Current DrawdownCurrent decline from peak | -84.42% | -45.52% | -38.90% |
Average DrawdownAverage peak-to-trough decline | -36.24% | -17.36% | -18.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.96% | 29.67% | +1.29% |
Volatility
PYPL vs. PYPY - Volatility Comparison
PayPal Holdings, Inc. (PYPL) has a higher volatility of 9.64% compared to Yieldmax PYPL Option Income Strategy ETF (PYPY) at 6.92%. 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.
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Volatility by Period
| PYPL | PYPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 6.92% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 33.02% | 29.30% | +3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.17% | 33.89% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.26% | 30.86% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.83% | 30.86% | +7.97% |
Dividends
PYPL vs. PYPY - Dividend Comparison
PYPL's dividend yield for the trailing twelve months is around 0.88%, less than PYPY's 65.01% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PYPL PayPal Holdings, Inc. | 0.88% | 0.24% | 0.00% | 0.00% |
PYPY Yieldmax PYPL Option Income Strategy ETF | 65.01% | 64.68% | 48.65% | 5.70% |
Frequently Asked Questions
With a correlation of 0.96, PYPL and PYPY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PYPL has higher volatility (9.64%) compared to PYPY (6.92%). In terms of maximum drawdown, PYPL dropped -87.30% vs PYPY's -53.64%.
PYPL currently has the higher Sharpe Ratio (-0.84 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.
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