RDYY vs. PEPS
RDYY (YieldMax RDDT Option Income Strategy ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. RDYY charges 0.99%/yr vs 0.10%/yr for PEPS.
Performance
RDYY vs. PEPS - Performance Comparison
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Returns By Period
In the year-to-date period, RDYY achieves a -22.78% return, which is significantly lower than PEPS's 10.67% return.
RDYY
- 1D
- 0.78%
- 1M
- 2.65%
- YTD
- -22.78%
- 6M
- -20.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- -0.51%
- 1M
- 6.44%
- YTD
- 10.67%
- 6M
- 10.79%
- 1Y
- 31.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RDYY vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RDYY YieldMax RDDT Option Income Strategy ETF | -22.78% | -6.52% |
PEPS Parametric Equity Plus ETF | 10.67% | 6.58% |
Correlation
The correlation between RDYY and PEPS is 0.40, 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 Sep 10, 2025 | 0.40 |
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Return for Risk
RDYY vs. PEPS — Risk / Return Rank
RDYY
PEPS
RDYY vs. PEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax RDDT Option Income Strategy ETF (RDYY) and Parametric Equity Plus ETF (PEPS). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| RDYY | PEPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | 1.05 | -1.72 |
Drawdowns
RDYY vs. PEPS - Drawdown Comparison
The maximum RDYY drawdown since its inception was -51.16%, which is greater than PEPS's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for RDYY and PEPS.
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Drawdown Indicators
| RDYY | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.16% | -21.26% | -29.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -34.14% | -0.51% | -33.63% |
Average DrawdownAverage peak-to-trough decline | -28.62% | -2.77% | -25.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
RDYY vs. PEPS - Volatility Comparison
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Volatility by Period
| RDYY | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.12% | 13.06% | +41.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.12% | 18.31% | +35.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.12% | 18.31% | +35.81% |
RDYY vs. PEPS - Expense Ratio Comparison
RDYY has a 0.99% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
RDYY vs. PEPS - Dividend Comparison
RDYY's dividend yield for the trailing twelve months is around 83.18%, more than PEPS's 0.88% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PEPS Parametric Equity Plus ETF | 0.88% | 1.00% | 0.17% |
RDYY YieldMax RDDT Option Income Strategy ETF | 83.18% | 25.20% | 0.00% |
Frequently Asked Questions
RDYY and PEPS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for RDYY.
RDYY has the higher dividend yield at 83.18%, compared with 0.88% for PEPS.
They also come from different issuers: YieldMax and Parametric. Their fees differ too: 0.99% for RDYY and 0.10% for PEPS.
Find the right allocation for RDYY and PEPS
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