SMCY vs. SMCI
SMCY (YieldMax SMCI Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while SMCI (Super Micro Computer, Inc.) is a stock. Over the past year, SMCY returned -27.84% vs -24.25% for SMCI. With a 0.99 correlation, they move nearly in lockstep.
Performance
SMCY vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, SMCY achieves a -0.35% return, which is significantly lower than SMCI's 10.86% return.
SMCY
- 1D
- -1.79%
- 1M
- -10.03%
- YTD
- -0.35%
- 6M
- -3.24%
- 1Y
- -27.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCI
- 1D
- -2.61%
- 1M
- -8.80%
- YTD
- 10.86%
- 6M
- 6.22%
- 1Y
- -24.25%
- 3Y*
- 14.52%
- 5Y*
- 55.22%
- 10Y*
- 29.11%
SMCY vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMCY YieldMax SMCI Option Income Strategy ETF | -0.35% | -15.41% | -33.36% |
SMCI Super Micro Computer, Inc. | 10.86% | -3.97% | -31.57% |
Correlation
The correlation between SMCY and SMCI is 0.99 - 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 | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024 | 0.99 |
The correlation between SMCY and SMCI has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
SMCY vs. SMCI — Risk / Return Rank
SMCY
SMCI
SMCY vs. SMCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax SMCI Option Income Strategy ETF (SMCY) and Super Micro Computer, Inc. (SMCI). 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 | SMCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.03 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.37 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.77 | -0.60 | -0.16 |
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Drawdowns
SMCY vs. SMCI - Drawdown Comparison
The maximum SMCY drawdown since its inception was -64.75%, smaller than the maximum SMCI drawdown of -84.84%. Use the drawdown chart below to compare losses from any high point for SMCY and SMCI.
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Drawdown Indicators
| SMCY | SMCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.75% | -84.84% | +20.09% |
Max Drawdown (1Y)Largest decline over 1 year | -60.43% | -66.18% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.84% | — |
Current DrawdownCurrent decline from peak | -51.95% | -72.69% | +20.74% |
Average DrawdownAverage peak-to-trough decline | -37.31% | -32.04% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.34% | 40.15% | -3.81% |
Volatility
SMCY vs. SMCI - Volatility Comparison
The current volatility for YieldMax SMCI Option Income Strategy ETF (SMCY) is 41.41%, while Super Micro Computer, Inc. (SMCI) has a volatility of 47.06%. This indicates that SMCY experiences smaller price fluctuations and is considered to be less risky than SMCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMCY | SMCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 41.41% | 47.06% | -5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 67.08% | 78.27% | -11.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.25% | 86.91% | -14.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.58% | 87.07% | -6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.58% | 71.47% | +9.11% |
Dividends
SMCY vs. SMCI - Dividend Comparison
SMCY's dividend yield for the trailing twelve months is around 203.19%, while SMCI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SMCI Super Micro Computer, Inc. | 0.00% | 0.00% | 0.00% |
SMCY YieldMax SMCI Option Income Strategy ETF | 203.19% | 231.43% | 38.43% |
Frequently Asked Questions
With a correlation of 0.99, SMCY and SMCI 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.
SMCI has higher volatility (47.06%) compared to SMCY (41.41%). In terms of maximum drawdown, SMCY dropped -64.75% vs SMCI's -84.84%.
SMCI currently has the higher Sharpe Ratio (-0.28 vs -0.39), 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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