PYPY vs. IPDP

Last updated Jun 4, 2026

PYPY (Yieldmax PYPL Option Income Strategy ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. PYPY charges 1.01%/yr vs 1.52%/yr for IPDP.

Performance

PYPY vs. IPDP - Performance Comparison

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

Returns By Period

PYPY

• 1D: -3.78%
• 1M: -12.23%
• YTD: -23.28%
• 6M: -25.27%
• 1Y: -39.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PYPY vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
PYPY Yieldmax PYPL Option Income Strategy ETF	7.13%
IPDP Dividend Performers ETF	0.00%

PYPY vs. IPDP - Sectors Allocation Comparison

Sectors	PYPY	IPDP
Financial Services	100.0%	18.6%
Basic Materials	-	1.5%
Communication Services	-	-
Consumer Cyclical	-	3.6%
Consumer Defensive	-	3.9%
Energy	-	-
Healthcare	-	13.6%
Industrials	-	45.1%
Real Estate	-	-
Technology	-	13.1%
Utilities	-	-

Return for Risk

PYPY vs. IPDP — Risk / Return Rank

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

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.

PYPY vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) and Dividend Performers ETF (IPDP). 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	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	—	—
Sortino ratio: Return per unit of downside risk	-1.50	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.83	—	—
Martin ratio: Return 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.

Sharpe Ratios by Period

	PYPY	IPDP	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	—	—

Drawdowns

PYPY vs. IPDP - Drawdown Comparison

The maximum PYPY drawdown since its inception was -53.64%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PYPY and IPDP.

Drawdown Indicators

	PYPY	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-53.64%	0.00%	-53.64%
Max Drawdown (1Y) Largest decline over 1 year	-47.14%	—	—
Current Drawdown Current decline from peak	-49.18%	0.00%	-49.18%
Average Drawdown Average peak-to-trough decline	-16.16%	0.00%	-16.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.44%	—	—

Volatility

Volatility by Period

	PYPY	IPDP	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%	0.00%	+34.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.10%	0.00%	+31.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.10%	0.00%	+31.10%

PYPY vs. IPDP - Expense Ratio Comparison

PYPY has a 1.01% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

PYPY vs. IPDP - Dividend Comparison

PYPY's dividend yield for the trailing twelve months is around 69.43%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%	0.00%
PYPY Yieldmax PYPL Option Income Strategy ETF	69.43%	64.68%	48.65%	5.70%

Frequently Asked Questions

Which ETF is better, PYPY or IPDP?

On fees, PYPY is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PYPY or IPDP?

PYPY is cheaper with a 1.01% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, PYPY or IPDP?

PYPY has the higher dividend yield at 69.43%, compared with 0.00% for IPDP.

What is the main difference between PYPY and IPDP?

They also come from different issuers: YieldMax and Innovative Portfolios. Their fees differ too: 1.01% for PYPY and 1.52% for IPDP.