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 -43.46% vs -44.40% 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 -9.97% return, which is significantly lower than SMCI's -5.53% return.
SMCY
- 1D
- 0.42%
- 1M
- -4.76%
- 6M
- -9.52%
- YTD
- -9.97%
- 1Y
- -43.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMCI
- 1D
- -0.04%
- 1M
- -9.23%
- 6M
- -3.32%
- YTD
- -5.53%
- 1Y
- -44.40%
- 3Y*
- -2.18%
- 5Y*
- 51.58%
- 10Y*
- 26.67%
SMCY vs. SMCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SMCY YieldMax SMCI Option Income Strategy ETF | -9.97% | -15.41% | -33.36% |
SMCI Super Micro Computer, Inc. | -5.53% | -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 | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.96 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.67 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.14 | -1.06 | -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 | -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 | -56.59% | -76.73% | +20.14% |
Average DrawdownAverage peak-to-trough decline | -37.85% | -32.16% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.15% | 41.94% | -3.79% |
Volatility
SMCY vs. SMCI - Volatility Comparison
The current volatility for YieldMax SMCI Option Income Strategy ETF (SMCY) is 21.39%, while Super Micro Computer, Inc. (SMCI) has a volatility of 25.82%. 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 | 21.39% | 25.82% | -4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 68.08% | 79.26% | -11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.59% | 86.87% | -14.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.02% | 87.26% | -7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.02% | 71.58% | +8.44% |
Dividends
SMCY vs. SMCI - Dividend Comparison
SMCY's dividend yield for the trailing twelve months is around 205.51%, 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 | 205.51% | 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 (25.82%) compared to SMCY (21.39%). In terms of maximum drawdown, SMCY dropped -64.75% vs SMCI's -84.84%.
SMCI currently has the higher Sharpe Ratio (-0.51 vs -0.60), 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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