SMCY vs. IPDP

Last updated Jun 5, 2026

SMCY (YieldMax SMCI Option Income Strategy ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. SMCY charges 0.99%/yr vs 1.52%/yr for IPDP.

Performance

SMCY vs. IPDP - Performance Comparison

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

Returns By Period

SMCY

• 1D: -0.72%
• 1M: 49.28%
• YTD: 39.53%
• 6M: 24.49%
• 1Y: 0.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMCY vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
SMCY YieldMax SMCI Option Income Strategy ETF	24.48%
IPDP Dividend Performers ETF	0.00%

Return for Risk

SMCY vs. IPDP — Risk / Return Rank

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

SMCY

SMCY Risk / Return Rank: 11
SMCY Sharpe Ratio Rank: 9
SMCY Sortino Ratio Rank: 12
SMCY Omega Ratio Rank: 14
SMCY Calmar Ratio Rank: 9
SMCY Martin Ratio Rank: 9

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. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SMCI Option Income Strategy ETF (SMCY) and Dividend Performers ETF (IPDP). 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.

	SMCY	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	0.00	—	—
Sortino ratio: Return per unit of downside risk	0.46	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.00	—	—
Martin ratio: Return relative to average drawdown	0.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SMCY	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	—	—

Drawdowns

SMCY vs. IPDP - Drawdown Comparison

The maximum SMCY drawdown since its inception was -64.75%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SMCY and IPDP.

Drawdown Indicators

	SMCY	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-64.75%	0.00%	-64.75%
Max Drawdown (1Y) Largest decline over 1 year	-60.43%	—	—
Current Drawdown Current decline from peak	-32.73%	0.00%	-32.73%
Average Drawdown Average peak-to-trough decline	-37.01%	0.00%	-37.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.90%	—	—

Volatility

Volatility by Period

	SMCY	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	64.51%	0.00%	+64.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.45%	0.00%	+77.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.45%	0.00%	+77.45%

SMCY vs. IPDP - Expense Ratio Comparison

SMCY has a 0.99% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

SMCY vs. IPDP - Dividend Comparison

SMCY's dividend yield for the trailing twelve months is around 157.96%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025	2024
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%
SMCY YieldMax SMCI Option Income Strategy ETF	157.96%	231.43%	38.43%

Frequently Asked Questions

Which ETF is better, SMCY or IPDP?

On fees, SMCY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMCY or IPDP?

SMCY is cheaper with a 0.99% expense ratio, compared with 1.52% for IPDP.

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

SMCY has the higher dividend yield at 157.96%, compared with 0.00% for IPDP.

What is the main difference between SMCY and IPDP?

They also come from different issuers: YieldMax and Innovative Portfolios. Their fees differ too: 0.99% for SMCY and 1.52% for IPDP.