SNOY vs. YMAG

Last updated Aug 5, 2026

SNOY (YieldMax SNOW Option Income Strategy ETF) and YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, SNOY returned 42.54% vs 16.42% for YMAG. Their 0.44 correlation means their historical movements had little consistent relationship. SNOY charges 0.99%/yr vs 1.28%/yr for YMAG.

Performance

SNOY vs. YMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SNOW Option Income Strategy ETF (SNOY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNOY achieves a 40.69% return, which is significantly higher than YMAG's 3.10% return.

SNOY

• 1D: 2.28%
• 1M: 19.35%
• 6M: 75.46%
• YTD: 40.69%
• 1Y: 42.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.28%

YMAG

• 1D: 0.95%
• 1M: 4.67%
• 6M: 4.46%
• YTD: 3.10%
• 1Y: 16.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SNOY YieldMax SNOW Option Income Strategy ETF	$2.38M	$1.81M	$1.22M
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	$11.84M	$12.80M	$15.29M

SNOY vs. YMAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SNOY YieldMax SNOW Option Income Strategy ETF	40.69%	30.66%	21.28%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	3.10%	18.64%	16.65%

Correlation

The correlation between SNOY and YMAG is 0.31, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.31
Correlation (All Time) Calculated using the full available price history since Jun 11, 2024	0.44

The correlation between SNOY and YMAG shifts across timeframes, from 0.31 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SNOY vs. YMAG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SNOY

SNOY Risk / Return Rank: 31
SNOY Sharpe Ratio Rank: 28
SNOY Sortino Ratio Rank: 38
SNOY Omega Ratio Rank: 40
SNOY Calmar Ratio Rank: 25
SNOY Martin Ratio Rank: 23

YMAG

YMAG Risk / Return Rank: 32
YMAG Sharpe Ratio Rank: 33
YMAG Sortino Ratio Rank: 31
YMAG Omega Ratio Rank: 31
YMAG Calmar Ratio Rank: 31
YMAG Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SNOY vs. YMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SNOW Option Income Strategy ETF (SNOY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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	YMAG	Difference
Sharpe ratio: Return per unit of total volatility	0.74	0.90	-0.16
Sortino ratio: Return per unit of downside risk	1.61	1.30	+0.31
Omega ratio: Gain probability vs. loss probability	1.21	1.16	+0.05
Calmar ratio: Return relative to maximum drawdown	0.84	1.15	-0.31
Martin ratio: Return relative to average drawdown	1.86	3.27	-1.41

SNOY vs. YMAG - Sharpe Ratio Comparison

The current SNOY Sharpe Ratio is 0.74, which is comparable to the YMAG Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of SNOY and YMAG, 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. YMAG - Drawdown Comparison

The maximum SNOY drawdown since its inception was -50.90%, which is greater than YMAG's maximum drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for SNOY and YMAG.

Drawdown Indicators

	SNOY	YMAG	Difference
Max Drawdown Largest peak-to-trough decline	-50.90%	-25.96%	-24.94%
Max Drawdown (1Y) Largest decline over 1 year	-50.90%	-14.38%	-36.52%
Current Drawdown Current decline from peak	0.00%	-3.37%	+3.37%
Average Drawdown Average peak-to-trough decline	-12.12%	-4.68%	-7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.99%	5.04%	+17.95%

Volatility

SNOY vs. YMAG - Volatility Comparison

YieldMax SNOW Option Income Strategy ETF (SNOY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) have volatilities of 7.60% and 7.51%, 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	YMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	7.51%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	47.40%	14.72%	+32.68%
Volatility (1Y) Calculated over the trailing 1-year period	57.72%	18.38%	+39.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.80%	21.20%	+29.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.80%	21.20%	+29.60%

SNOY vs. YMAG - Expense Ratio Comparison

SNOY has a 0.99% expense ratio, which is lower than YMAG's 1.28% expense ratio.

Dividends

SNOY vs. YMAG - Dividend Comparison

SNOY's dividend yield for the trailing twelve months is around 66.71%, more than YMAG's 50.10% yield.

Position	TTM	2025	2024
SNOY YieldMax SNOW Option Income Strategy ETF	66.71%	84.96%	33.32%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	50.10%	52.27%	35.22%

Frequently Asked Questions

Can I hold both SNOY and YMAG in my portfolio?

SNOY and YMAG 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 YMAG?

SNOY has higher volatility (7.60%) compared to YMAG (7.51%). In terms of maximum drawdown, SNOY dropped -50.90% vs YMAG's -25.96%.

Which ETF is better, SNOY or YMAG?

On 1-year performance, SNOY leads with 42.54% vs 16.42% for YMAG. On fees, SNOY is cheaper at 0.99% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNOY or YMAG?

Over the 1-year period, SNOY has performed better with a 42.54% return vs 16.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNOY or YMAG?

SNOY is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAG.

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

SNOY has the higher dividend yield at 66.71%, compared with 50.10% for YMAG.

What is the main difference between SNOY and YMAG?

Their fees differ too: 0.99% for SNOY and 1.28% for YMAG.

Which has better risk-adjusted returns?

YMAG currently has the higher Sharpe Ratio (0.90 vs 0.74), 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.