SMCY vs. HOII

Last updated Jun 26, 2026

SMCY (YieldMax SMCI Option Income Strategy ETF) and HOII (REX HOOD Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

SMCY vs. HOII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SMCI Option Income Strategy ETF (SMCY) and REX HOOD Growth & Income ETF (HOII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMCY achieves a -2.36% return, which is significantly lower than HOII's 19,132.59% return.

SMCY

• 1D: -2.02%
• 1M: -14.96%
• YTD: -2.36%
• 6M: -5.19%
• 1Y: -33.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOII

• 1D: 0.00%
• 1M: 29,750.92%
• YTD: 19,132.59%
• 6M: 17,931.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMCY vs. HOII - Yearly Performance Comparison

	2026 (YTD)	2025
SMCY YieldMax SMCI Option Income Strategy ETF	-2.36%	-35.63%
HOII REX HOOD Growth & Income ETF	19,132.59%	-23.54%

Correlation

The correlation between SMCY and HOII is 0.45, 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 Nov 4, 2025	0.45

Return for Risk

SMCY vs. HOII — Risk / Return Rank

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

SMCY

SMCY Risk / Return Rank: 6
SMCY Sharpe Ratio Rank: 5
SMCY Sortino Ratio Rank: 7
SMCY Omega Ratio Rank: 6
SMCY Calmar Ratio Rank: 5
SMCY Martin Ratio Rank: 5

HOII

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SMCY vs. HOII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SMCI Option Income Strategy ETF (SMCY) and REX HOOD Growth & Income ETF (HOII). 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.

	SMCY	HOII	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	—	—
Sortino ratio: Return per unit of downside risk	-0.24	—	—
Omega ratio: Gain probability vs. loss probability	0.96	—	—
Calmar ratio: Return relative to maximum drawdown	-0.56	—	—
Martin ratio: Return relative to average drawdown	-0.93	—	—

Drawdowns

SMCY vs. HOII - Drawdown Comparison

The maximum SMCY drawdown since its inception was -64.75%, which is greater than HOII's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for SMCY and HOII.

Drawdown Indicators

	SMCY	HOII	Difference
Max Drawdown Largest peak-to-trough decline	-64.75%	-55.38%	-9.37%
Max Drawdown (1Y) Largest decline over 1 year	-60.43%	—	—
Current Drawdown Current decline from peak	-52.93%	0.00%	-52.93%
Average Drawdown Average peak-to-trough decline	-37.34%	-36.68%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.46%	—	—

Volatility

Volatility by Period

	SMCY	HOII	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	67.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	72.15%	34,045.59%	-33,973.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.50%	34,045.59%	-33,965.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.50%	34,045.59%	-33,965.09%

SMCY vs. HOII - Expense Ratio Comparison

Both SMCY and HOII have an expense ratio of 0.99%.

Dividends

SMCY vs. HOII - Dividend Comparison

SMCY's dividend yield for the trailing twelve months is around 211.43%, more than HOII's 120.87% yield.

Position	TTM	2025	2024
HOII REX HOOD Growth & Income ETF	120.87%	4.41%	0.00%
SMCY YieldMax SMCI Option Income Strategy ETF	211.43%	231.43%	38.43%

Frequently Asked Questions

Can I hold both SMCY and HOII in my portfolio?

SMCY and HOII have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMCY or HOII?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMCY or HOII?

SMCY and HOII have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, SMCY or HOII?

SMCY has the higher dividend yield at 211.43%, compared with 120.87% for HOII.

What is the main difference between SMCY and HOII?

They also come from different issuers: YieldMax and REX.