SNOY vs. FIVY

Last updated Jul 16, 2026

SNOY (YieldMax SNOW Option Income Strategy ETF) and FIVY (YieldMax Dorsey Wright Hybrid 5 Income ETF) are both Derivative Income funds from YieldMax. SNOY is actively managed, while FIVY is passively managed. Over the past year, SNOY returned 24.18% vs -13.60% for FIVY. At a 0.41 correlation, their price movements are largely independent. SNOY charges 0.99%/yr vs 0.88%/yr for FIVY.

Performance

SNOY vs. FIVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SNOW Option Income Strategy ETF (SNOY) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNOY achieves a 24.26% return, which is significantly higher than FIVY's -6.12% return.

SNOY

• 1D: -1.10%
• 1M: 10.60%
• 6M: 32.98%
• YTD: 24.26%
• 1Y: 24.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIVY

• 1D: 0.00%
• 1M: 0.00%
• 6M: -10.42%
• YTD: -6.12%
• 1Y: -13.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNOY vs. FIVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SNOY YieldMax SNOW Option Income Strategy ETF	24.26%	30.66%	-9.24%
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	-6.12%	-1.07%	-10.55%

Correlation

The correlation between SNOY and FIVY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.41

Return for Risk

SNOY vs. FIVY — Risk / Return Rank

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

SNOY

SNOY Risk / Return Rank: 19
SNOY Sharpe Ratio Rank: 17
SNOY Sortino Ratio Rank: 24
SNOY Omega Ratio Rank: 26
SNOY Calmar Ratio Rank: 16
SNOY Martin Ratio Rank: 15

FIVY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SNOY vs. FIVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SNOW Option Income Strategy ETF (SNOY) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY). 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.

	SNOY	FIVY	Difference
Sharpe ratio: Return per unit of total volatility	0.42	-0.41	+0.83
Sortino ratio: Return per unit of downside risk	1.15	-0.37	+1.52
Omega ratio: Gain probability vs. loss probability	1.15	0.95	+0.20
Calmar ratio: Return relative to maximum drawdown	0.48	-0.39	+0.86
Martin ratio: Return relative to average drawdown	1.05	-0.75	+1.80

SNOY vs. FIVY - Sharpe Ratio Comparison

The current SNOY Sharpe Ratio is 0.42, which is higher than the FIVY Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of SNOY and FIVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SNOY vs. FIVY - Drawdown Comparison

The maximum SNOY drawdown since its inception was -50.90%, which is greater than FIVY's maximum drawdown of -32.77%. Use the drawdown chart below to compare losses from any high point for SNOY and FIVY.

Drawdown Indicators

	SNOY	FIVY	Difference
Max Drawdown Largest peak-to-trough decline	-50.90%	-32.77%	-18.13%
Max Drawdown (1Y) Largest decline over 1 year	-50.90%	-32.77%	-18.13%
Current Drawdown Current decline from peak	-1.10%	-19.89%	+18.79%
Average Drawdown Average peak-to-trough decline	-12.42%	-13.73%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.10%	16.78%	+6.32%

Volatility

SNOY vs. FIVY - Volatility Comparison

YieldMax SNOW Option Income Strategy ETF (SNOY) and YieldMax Dorsey Wright Hybrid 5 Income ETF (FIVY) have volatilities of 8.82% and 8.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNOY	FIVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.82%	8.55%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	47.78%	21.95%	+25.83%
Volatility (1Y) Calculated over the trailing 1-year period	57.82%	31.13%	+26.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.22%	32.64%	+18.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.22%	32.64%	+18.58%

SNOY vs. FIVY - Expense Ratio Comparison

SNOY has a 0.99% expense ratio, which is higher than FIVY's 0.88% expense ratio.

Dividends

SNOY vs. FIVY - Dividend Comparison

SNOY's dividend yield for the trailing twelve months is around 67.78%, while FIVY has not paid dividends to shareholders.

Position	TTM	2025	2024
FIVY YieldMax Dorsey Wright Hybrid 5 Income ETF	43.42%	46.51%	0.00%
SNOY YieldMax SNOW Option Income Strategy ETF	67.78%	84.96%	33.32%

Frequently Asked Questions

Can I hold both SNOY and FIVY in my portfolio?

SNOY and FIVY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNOY or FIVY?

SNOY has higher volatility (8.82%) compared to FIVY (8.55%). In terms of maximum drawdown, SNOY dropped -50.90% vs FIVY's -32.77%.

Which ETF is better, SNOY or FIVY?

On 1-year performance, SNOY leads with 24.18% vs -13.60% for FIVY. On fees, FIVY is cheaper at 0.88% per year. On volatility, FIVY has been the lower-risk option at 8.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNOY or FIVY?

Over the 1-year period, SNOY has performed better with a 24.18% return vs -13.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNOY or FIVY?

FIVY is cheaper with a 0.88% expense ratio, compared with 0.99% for SNOY.

Which ETF pays a higher dividend yield, SNOY or FIVY?

SNOY has the higher dividend yield at 67.78%, compared with 43.42% for FIVY.

What is the main difference between SNOY and FIVY?

Their fees differ too: 0.99% for SNOY and 0.88% for FIVY.

Which has better risk-adjusted returns?

SNOY currently has the higher Sharpe Ratio (0.42 vs -0.41), 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.