SNOW vs. SNOY
SNOW (Snowflake Inc.) is a stock, while SNOY (YieldMax SNOW Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, SNOW returned 24.00% vs 22.36% for SNOY. With a 0.97 correlation, they move nearly in lockstep.
Performance
SNOW vs. SNOY - Performance Comparison
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Returns By Period
In the year-to-date period, SNOW achieves a 19.19% return, which is significantly lower than SNOY's 20.69% return.
SNOW
- 1D
- -2.26%
- 1M
- 12.32%
- 6M
- 19.33%
- YTD
- 19.19%
- 1Y
- 24.00%
- 3Y*
- 14.97%
- 5Y*
- -0.60%
- 10Y*
- —
SNOY
- 1D
- -0.38%
- 1M
- 11.12%
- 6M
- 22.18%
- YTD
- 20.69%
- 1Y
- 22.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SNOW vs. SNOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SNOW Snowflake Inc. | 19.19% | 42.06% | 21.81% |
SNOY YieldMax SNOW Option Income Strategy ETF | 20.69% | 30.66% | 21.28% |
Correlation
The correlation between SNOW and SNOY is 0.97 - 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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2024 | 0.97 |
The correlation between SNOW and SNOY has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
SNOW vs. SNOY — Risk / Return Rank
SNOW
SNOY
SNOW vs. SNOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Snowflake Inc. (SNOW) and YieldMax SNOW Option Income Strategy ETF (SNOY). 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.
| SNOW | SNOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 0.40 | -0.01 |
| Martin ratioReturn relative to average drawdown | 0.84 | 0.88 | -0.04 |
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Drawdowns
SNOW vs. SNOY - Drawdown Comparison
The maximum SNOW drawdown since its inception was -72.99%, which is greater than SNOY's maximum drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for SNOW and SNOY.
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Drawdown Indicators
| SNOW | SNOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.99% | -50.90% | -22.09% |
Max Drawdown (1Y)Largest decline over 1 year | -56.30% | -50.90% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -56.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | — | — |
Current DrawdownCurrent decline from peak | -34.94% | -2.06% | -32.88% |
Average DrawdownAverage peak-to-trough decline | -48.89% | -12.49% | -36.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.10% | 23.10% | +3.00% |
Volatility
SNOW vs. SNOY - Volatility Comparison
Snowflake Inc. (SNOW) has a higher volatility of 12.19% compared to YieldMax SNOW Option Income Strategy ETF (SNOY) at 8.96%. This indicates that SNOW's price experiences larger fluctuations and is considered to be riskier than SNOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNOW | SNOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.19% | 8.96% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 53.30% | 47.90% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.06% | 57.87% | +8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.97% | 51.32% | +10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.49% | 51.32% | +11.17% |
Dividends
SNOW vs. SNOY - Dividend Comparison
SNOW has not paid dividends to shareholders, while SNOY's dividend yield for the trailing twelve months is around 69.79%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SNOW Snowflake Inc. | 0.00% | 0.00% | 0.00% |
SNOY YieldMax SNOW Option Income Strategy ETF | 69.79% | 84.96% | 33.32% |
Frequently Asked Questions
With a correlation of 0.97, SNOW and SNOY 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.
SNOW has higher volatility (12.19%) compared to SNOY (8.96%). In terms of maximum drawdown, SNOW dropped -72.99% vs SNOY's -50.90%.
SNOY currently has the higher Sharpe Ratio (0.35 vs 0.33), 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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