SNOW vs. SNOY

Last updated Apr 2, 2026

Compare and contrast key facts about Snowflake Inc. (SNOW) and YieldMax SNOW Option Income Strategy ETF (SNOY).

SNOY is an actively managed fund by YieldMax. It was launched on Jun 10, 2024.

Performance

SNOW vs. SNOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Snowflake Inc. (SNOW) and YieldMax SNOW Option Income Strategy ETF (SNOY). The values are adjusted to include any dividend payments, if applicable.

SNOW vs. SNOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SNOW Snowflake Inc.	-30.20%	42.06%	20.18%
SNOY YieldMax SNOW Option Income Strategy ETF	-27.15%	30.66%	21.03%

Returns By Period

In the year-to-date period, SNOW achieves a -30.20% return, which is significantly lower than SNOY's -27.15% return.

SNOW

• 1D: 1.52%
• 1M: -10.10%
• YTD: -30.20%
• 6M: -33.58%
• 1Y: 2.39%
• 3Y*: -0.25%
• 5Y*: -8.35%
• 10Y*: —

SNOY

• 1D: 1.87%
• 1M: -7.65%
• YTD: -27.15%
• 6M: -30.95%
• 1Y: -5.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

SNOW vs. SNOY — Risk / Return Rank

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

SNOW

SNOW Risk / Return Rank: 41
SNOW Sharpe Ratio Rank: 41
SNOW Sortino Ratio Rank: 40
SNOW Omega Ratio Rank: 40
SNOW Calmar Ratio Rank: 43
SNOW Martin Ratio Rank: 43

SNOY

SNOY Risk / Return Rank: 10
SNOY Sharpe Ratio Rank: 9
SNOY Sortino Ratio Rank: 11
SNOY Omega Ratio Rank: 11
SNOY Calmar Ratio Rank: 11
SNOY Martin Ratio Rank: 10

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.

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.

	SNOW	SNOY	Difference
Sharpe ratio Return per unit of total volatility	0.05	-0.13	+0.17
Sortino ratio Return per unit of downside risk	0.45	0.11	+0.34
Omega ratio Gain probability vs. loss probability	1.06	1.02	+0.04
Calmar ratio Return relative to maximum drawdown	0.10	-0.08	+0.18
Martin ratio Return relative to average drawdown	0.26	-0.20	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNOW vs. SNOY - Sharpe Ratio Comparison

The current SNOW Sharpe Ratio is 0.05, which is higher than the SNOY Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of SNOW and SNOY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SNOW	SNOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	-0.13	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.19	-0.33

Correlation

The correlation between SNOW and SNOY is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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 113.79%.

	TTM	2025	2024
SNOW Snowflake Inc.	0.00%	0.00%	0.00%
SNOY YieldMax SNOW Option Income Strategy ETF	113.79%	84.96%	33.32%

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 -40.63%. Use the drawdown chart below to compare losses from any high point for SNOW and SNOY.

Drawdown Indicators

	SNOW	SNOY	Difference
Max Drawdown Largest peak-to-trough decline	-72.99%	-40.63%	-32.36%
Max Drawdown (1Y) Largest decline over 1 year	-45.58%	-40.63%	-4.95%
Max Drawdown (5Y) Largest decline over 5 years	-72.99%	—	—
Current Drawdown Current decline from peak	-61.90%	-39.51%	-22.39%
Average Drawdown Average peak-to-trough decline	-48.77%	-10.42%	-38.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.65%	16.50%	+2.15%

Volatility

SNOW vs. SNOY - Volatility Comparison

Snowflake Inc. (SNOW) has a higher volatility of 14.47% compared to YieldMax SNOW Option Income Strategy ETF (SNOY) at 11.83%. 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.

Volatility by Period

	SNOW	SNOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	11.83%	+2.64%
Volatility (6M) Calculated over the trailing 6-month period	35.81%	30.55%	+5.26%
Volatility (1Y) Calculated over the trailing 1-year period	51.87%	41.95%	+9.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.91%	43.61%	+15.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.49%	43.61%	+16.88%