PYPY vs. PYPL
PYPY (Yieldmax PYPL Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while PYPL (PayPal Holdings, Inc.) is a stock. Over the past year, PYPY returned -39.50% vs -39.02% for PYPL. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
PYPY vs. PYPL - Performance Comparison
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Returns By Period
In the year-to-date period, PYPY achieves a -24.96% return, which is significantly higher than PYPL's -27.00% return.
PYPY
- 1D
- -0.26%
- 1M
- -4.78%
- YTD
- -24.96%
- 6M
- -26.42%
- 1Y
- -39.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPL
- 1D
- -0.40%
- 1M
- -3.93%
- YTD
- -27.00%
- 6M
- -28.80%
- 1Y
- -39.02%
- 3Y*
- -13.91%
- 5Y*
- -31.73%
- 10Y*
- 1.99%
PYPY vs. PYPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PYPY Yieldmax PYPL Option Income Strategy ETF | -24.96% | -30.17% | 43.88% | 6.19% |
PYPL PayPal Holdings, Inc. | -27.00% | -31.44% | 38.98% | 4.33% |
Correlation
The correlation between PYPY and PYPL 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 PYPY and PYPL has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
PYPY vs. PYPL — Risk / Return Rank
PYPY
PYPL
PYPY vs. PYPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) and PayPal Holdings, Inc. (PYPL). 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.
| PYPY | PYPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.82 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.78 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.41 | -1.33 | -0.08 |
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Drawdowns
PYPY vs. PYPL - Drawdown Comparison
The maximum PYPY drawdown since its inception was -53.64%, smaller than the maximum PYPL drawdown of -87.30%. Use the drawdown chart below to compare losses from any high point for PYPY and PYPL.
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Drawdown Indicators
| PYPY | PYPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.64% | -87.30% | +33.66% |
Max Drawdown (1Y)Largest decline over 1 year | -47.14% | -49.92% | +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 | -50.29% | -86.15% | +35.86% |
Average DrawdownAverage peak-to-trough decline | -16.73% | -35.99% | +19.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.04% | 29.28% | -1.24% |
Volatility
PYPY vs. PYPL - Volatility Comparison
The current volatility for Yieldmax PYPL Option Income Strategy ETF (PYPY) is 6.99%, while PayPal Holdings, Inc. (PYPL) has a volatility of 8.64%. This indicates that PYPY experiences smaller price fluctuations and is considered to be less risky than PYPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYPY | PYPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 8.64% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 28.78% | 32.06% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.94% | 38.91% | -4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.97% | 42.12% | -11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.97% | 38.82% | -7.85% |
Dividends
PYPY vs. PYPL - Dividend Comparison
PYPY's dividend yield for the trailing twelve months is around 74.46%, more than PYPL's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PYPL PayPal Holdings, Inc. | 1.02% | 0.24% | 0.00% | 0.00% |
PYPY Yieldmax PYPL Option Income Strategy ETF | 74.46% | 64.68% | 48.65% | 5.70% |
Frequently Asked Questions
With a correlation of 0.96, PYPY and PYPL 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 (8.64%) compared to PYPY (6.99%). In terms of maximum drawdown, PYPY dropped -53.64% vs PYPL's -87.30%.
PYPL currently has the higher Sharpe Ratio (-1.01 vs -1.17), 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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