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 -48.28% vs -49.44% for SMCI. Their 0.99 correlation means they have historically moved very closely together.
Performance
SMCY vs. SMCI - Performance Comparison
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Returns By Period
In the year-to-date period, SMCY achieves a -9.63% return, which is significantly lower than SMCI's -2.15% return.
SMCY
- 1D
- 0.89%
- 1M
- 4.02%
- 6M
- -10.60%
- YTD
- -9.63%
- 1Y
- -48.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -30.03%
SMCI
- 1D
- 0.85%
- 1M
- 5.22%
- 6M
- -3.60%
- YTD
- -2.15%
- 1Y
- -49.44%
- 3Y*
- -5.38%
- 5Y*
- 49.93%
- 10Y*
- 29.57%
- ALL TIME*
- 19.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.64B | $1.20B | $1.80B | |
| $4.26M | $3.51M | $6.20M |
SMCY vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMCY YieldMax SMCI Option Income Strategy ETF | -9.63% | -15.41% | -33.36% |
SMCI Super Micro Computer, Inc. | -2.15% | -3.97% | -31.57% |
Correlation
The correlation between SMCY and SMCI is 0.99 - 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. | 0.99 |
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 | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.95 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.76 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.18 | -0.08 |
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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 | -59.21% | -65.01% | +5.80% |
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 | -56.43% | -75.89% | +19.46% |
Average DrawdownAverage peak-to-trough decline | -38.43% | -32.29% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.45% | 42.10% | -3.65% |
Volatility
SMCY vs. SMCI - Volatility Comparison
The current volatility for YieldMax SMCI Option Income Strategy ETF (SMCY) is 23.33%, while Super Micro Computer, Inc. (SMCI) has a volatility of 27.78%. 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 | 23.33% | 27.78% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 70.61% | 82.11% | -11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.33% | 89.80% | -14.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.44% | 88.04% | -7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.44% | 71.51% | +8.93% |
Dividends
SMCY vs. SMCI - Dividend Comparison
SMCY's dividend yield for the trailing twelve months is around 178.46%, 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 | 178.46% | 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 (27.78%) compared to SMCY (23.33%). In terms of maximum drawdown, SMCY dropped -64.75% vs SMCI's -84.84%.
SMCI currently has the higher Sharpe Ratio (-0.55 vs -0.64), 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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