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 -14.80% vs -14.01% for PYPL. Their correlation of 0.94 means they have usually moved in the same direction.
Performance
PYPY vs. PYPL - Performance Comparison
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Returns By Period
In the year-to-date period, PYPY achieves a -1.57% return, which is significantly lower than PYPL's -1.38% return.
PYPY
- 1D
- -0.37%
- 1M
- 24.91%
- 6M
- 6.78%
- YTD
- -1.57%
- 1Y
- -14.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.74%
PYPL
- 1D
- -0.76%
- 1M
- 25.82%
- 6M
- 9.27%
- YTD
- -1.38%
- 1Y
- -14.01%
- 3Y*
- -8.58%
- 5Y*
- -26.85%
- 10Y*
- 4.68%
- ALL TIME*
- 3.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $886.89M | $1.02B | $835.02M | |
| $726.92K | $509.19K | $412.49K |
PYPY vs. PYPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PYPY Yieldmax PYPL Option Income Strategy ETF | -1.57% | -30.17% | 43.88% | 6.19% |
PYPL PayPal Holdings, Inc. | -1.38% | -31.44% | 38.98% | 4.33% |
Correlation
The correlation between PYPY and PYPL is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 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 | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.96 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.33 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.59 | -0.54 | -0.05 |
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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 | -44.75% | -48.55% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -86.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.30% | — |
Current DrawdownCurrent decline from peak | -34.79% | -81.30% | +46.51% |
Average DrawdownAverage peak-to-trough decline | -17.74% | -36.47% | +18.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.54% | 29.74% | -2.20% |
Volatility
PYPY vs. PYPL - Volatility Comparison
The current volatility for Yieldmax PYPL Option Income Strategy ETF (PYPY) is 15.29%, while PayPal Holdings, Inc. (PYPL) has a volatility of 17.17%. 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 | 15.29% | 17.17% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 32.67% | 36.49% | -3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.58% | 41.87% | -5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.06% | 42.88% | -10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.06% | 39.15% | -7.09% |
Dividends
PYPY vs. PYPL - Dividend Comparison
PYPY's dividend yield for the trailing twelve months is around 56.79%, more than PYPL's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PYPL PayPal Holdings, Inc. | 0.73% | 0.24% | 0.00% | 0.00% |
PYPY Yieldmax PYPL Option Income Strategy ETF | 56.79% | 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 (17.17%) compared to PYPY (15.29%). In terms of maximum drawdown, PYPY dropped -53.64% vs PYPL's -87.30%.
PYPL currently has the higher Sharpe Ratio (-0.39 vs -0.45), 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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