SNOY vs. SNOW
SNOY (YieldMax SNOW Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while SNOW (Snowflake Inc.) is a stock. Over the past year, SNOY returned 8.45% vs 6.89% for SNOW. With a 0.97 correlation, they move nearly in lockstep.
Performance
SNOY vs. SNOW - Performance Comparison
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Returns By Period
In the year-to-date period, SNOY achieves a 7.77% return, which is significantly higher than SNOW's 3.30% return.
SNOY
- 1D
- -2.00%
- 1M
- 37.61%
- YTD
- 7.77%
- 6M
- 5.51%
- 1Y
- 8.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SNOW
- 1D
- -2.45%
- 1M
- 31.59%
- YTD
- 3.30%
- 6M
- -0.11%
- 1Y
- 6.89%
- 3Y*
- 8.33%
- 5Y*
- -1.87%
- 10Y*
- —
SNOY vs. SNOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SNOY YieldMax SNOW Option Income Strategy ETF | 7.77% | 30.66% | 21.28% |
SNOW Snowflake Inc. | 3.30% | 42.06% | 21.81% |
Correlation
The correlation between SNOY and SNOW 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 SNOY and SNOW has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
SNOY vs. SNOW — Risk / Return Rank
SNOY
SNOW
SNOY vs. SNOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax SNOW Option Income Strategy ETF (SNOY) and Snowflake Inc. (SNOW). 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 | SNOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.12 | +0.04 |
| Martin ratioReturn relative to average drawdown | 0.37 | 0.27 | +0.10 |
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Drawdowns
SNOY vs. SNOW - Drawdown Comparison
The maximum SNOY drawdown since its inception was -50.90%, smaller than the maximum SNOW drawdown of -72.99%. Use the drawdown chart below to compare losses from any high point for SNOY and SNOW.
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Drawdown Indicators
| SNOY | SNOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.90% | -72.99% | +22.09% |
Max Drawdown (1Y)Largest decline over 1 year | -50.90% | -56.30% | +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 | -12.54% | -43.62% | +31.08% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -49.00% | +36.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.07% | 26.03% | -2.96% |
Volatility
SNOY vs. SNOW - Volatility Comparison
YieldMax SNOW Option Income Strategy ETF (SNOY) and Snowflake Inc. (SNOW) have volatilities of 34.27% and 35.96%, 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.
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Volatility by Period
| SNOY | SNOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.27% | 35.96% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 47.67% | 52.70% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.70% | 65.61% | -7.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.71% | 61.94% | -10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.71% | 62.60% | -10.89% |
Dividends
SNOY vs. SNOW - Dividend Comparison
SNOY's dividend yield for the trailing twelve months is around 74.29%, while SNOW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SNOW Snowflake Inc. | 0.00% | 0.00% | 0.00% |
SNOY YieldMax SNOW Option Income Strategy ETF | 74.29% | 84.96% | 33.32% |
Frequently Asked Questions
With a correlation of 0.97, SNOY and SNOW 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 (35.96%) compared to SNOY (34.27%). In terms of maximum drawdown, SNOY dropped -50.90% vs SNOW's -72.99%.
SNOY currently has the higher Sharpe Ratio (0.15 vs 0.11), 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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