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PYPY vs. IQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PYPY vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Yieldmax PYPL Option Income Strategy ETF (PYPY) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
35.30%
9.38%
PYPY
IQQQ

Returns By Period


PYPY

YTD

44.31%

1M

5.98%

6M

35.30%

1Y

54.56%

5Y (annualized)

N/A

10Y (annualized)

N/A

IQQQ

YTD

N/A

1M

3.46%

6M

9.38%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


PYPYIQQQ
Daily Std Dev25.78%17.07%
Max Drawdown-14.70%-13.07%
Current Drawdown0.00%-1.22%

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PYPY vs. IQQQ - Expense Ratio Comparison

PYPY has a 1.01% expense ratio, which is higher than IQQQ's 0.55% expense ratio.


PYPY
Yieldmax PYPL Option Income Strategy ETF
Expense ratio chart for PYPY: current value at 1.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.01%
Expense ratio chart for IQQQ: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%

Correlation

-0.50.00.51.00.2

The correlation between PYPY and IQQQ is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

PYPY vs. IQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for PYPY, currently valued at 2.12, compared to the broader market0.002.004.002.12
The chart of Sortino ratio for PYPY, currently valued at 2.65, compared to the broader market-2.000.002.004.006.008.0010.0012.002.65
The chart of Omega ratio for PYPY, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.001.39
The chart of Calmar ratio for PYPY, currently valued at 3.71, compared to the broader market0.005.0010.0015.0020.003.71
The chart of Martin ratio for PYPY, currently valued at 10.48, compared to the broader market0.0020.0040.0060.0080.00100.0010.48
PYPY
IQQQ

Chart placeholderNot enough data

Dividends

PYPY vs. IQQQ - Dividend Comparison

PYPY's dividend yield for the trailing twelve months is around 46.55%, more than IQQQ's 6.06% yield.


TTM2023
PYPY
Yieldmax PYPL Option Income Strategy ETF
46.55%5.70%
IQQQ
ProShares Nasdaq-100 High Income ETF
6.06%0.00%

Drawdowns

PYPY vs. IQQQ - Drawdown Comparison

The maximum PYPY drawdown since its inception was -14.70%, which is greater than IQQQ's maximum drawdown of -13.07%. Use the drawdown chart below to compare losses from any high point for PYPY and IQQQ. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-1.22%
PYPY
IQQQ

Volatility

PYPY vs. IQQQ - Volatility Comparison

Yieldmax PYPL Option Income Strategy ETF (PYPY) has a higher volatility of 7.03% compared to ProShares Nasdaq-100 High Income ETF (IQQQ) at 5.07%. This indicates that PYPY's price experiences larger fluctuations and is considered to be riskier than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
7.03%
5.07%
PYPY
IQQQ