PYPY vs. BRKC
PYPY (Yieldmax PYPL Option Income Strategy ETF) and BRKC (YieldMax BRK.B Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. PYPY charges 1.01%/yr vs 0.99%/yr for BRKC.
Performance
PYPY vs. BRKC - Performance Comparison
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Returns By Period
In the year-to-date period, PYPY achieves a -23.28% return, which is significantly lower than BRKC's -3.65% return.
PYPY
- 1D
- -3.78%
- 1M
- -12.23%
- YTD
- -23.28%
- 6M
- -25.27%
- 1Y
- -39.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BRKC
- 1D
- 0.72%
- 1M
- 1.28%
- YTD
- -3.65%
- 6M
- -4.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPY vs. BRKC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PYPY Yieldmax PYPL Option Income Strategy ETF | -23.28% | -21.06% |
BRKC YieldMax BRK.B Option Income Strategy ETF | -3.65% | 0.93% |
Correlation
The correlation between PYPY and BRKC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025 | 0.15 |
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Return for Risk
PYPY vs. BRKC — Risk / Return Rank
PYPY
BRKC
PYPY vs. BRKC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) and YieldMax BRK.B Option Income Strategy ETF (BRKC). 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.
| PYPY | BRKC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | — | — |
| Martin ratioReturn relative to average drawdown | -1.48 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PYPY | BRKC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.23 | -0.22 | -0.01 |
Drawdowns
PYPY vs. BRKC - Drawdown Comparison
The maximum PYPY drawdown since its inception was -53.64%, which is greater than BRKC's maximum drawdown of -7.59%. Use the drawdown chart below to compare losses from any high point for PYPY and BRKC.
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Drawdown Indicators
| PYPY | BRKC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.64% | -7.59% | -46.05% |
Max Drawdown (1Y)Largest decline over 1 year | -47.14% | — | — |
Current DrawdownCurrent decline from peak | -49.18% | -5.59% | -43.59% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -3.12% | -13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.44% | — | — |
Volatility
PYPY vs. BRKC - Volatility Comparison
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Volatility by Period
| PYPY | BRKC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 28.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 34.15% | 12.68% | +21.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.10% | 12.68% | +18.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.10% | 12.68% | +18.42% |
PYPY vs. BRKC - Expense Ratio Comparison
PYPY has a 1.01% expense ratio, which is higher than BRKC's 0.99% expense ratio.
Dividends
PYPY vs. BRKC - Dividend Comparison
PYPY's dividend yield for the trailing twelve months is around 69.43%, more than BRKC's 20.15% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BRKC YieldMax BRK.B Option Income Strategy ETF | 20.15% | 10.81% | 0.00% | 0.00% |
PYPY Yieldmax PYPL Option Income Strategy ETF | 69.43% | 64.68% | 48.65% | 5.70% |
Frequently Asked Questions
PYPY and BRKC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRKC is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRKC is cheaper with a 0.99% expense ratio, compared with 1.01% for PYPY.
PYPY has the higher dividend yield at 69.43%, compared with 20.15% for BRKC.
Their fees differ too: 1.01% for PYPY and 0.99% for BRKC.
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