SQY vs. SQ
Compare and contrast key facts about YieldMax SQ Option Income Strategy ETF (SQY) and Square, Inc. (SQ).
SQY is an actively managed fund by YieldMax. It was launched on Oct 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SQY or SQ.
Correlation
The correlation between SQY and SQ is 0.89, 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.
Performance
SQY vs. SQ - Performance Comparison
Key characteristics
Returns By Period
SQY
-33.73%
-14.63%
-19.88%
-24.29%
N/A
N/A
SQ
N/A
N/A
N/A
N/A
N/A
N/A
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Risk-Adjusted Performance
SQY vs. SQ — Risk-Adjusted Performance Rank
SQY
SQ
SQY vs. SQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) and Square, Inc. (SQ). 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.
Dividends
SQY vs. SQ - Dividend Comparison
SQY's dividend yield for the trailing twelve months is around 97.21%, while SQ has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
SQY YieldMax SQ Option Income Strategy ETF | 97.21% | 62.54% | 9.85% |
SQ Square, Inc. | 0.00% | 0.00% | 0.00% |
Drawdowns
SQY vs. SQ - Drawdown Comparison
Volatility
SQY vs. SQ - Volatility Comparison
YieldMax SQ Option Income Strategy ETF (SQY) has a higher volatility of 14.10% compared to Square, Inc. (SQ) at 0.00%. This indicates that SQY's price experiences larger fluctuations and is considered to be riskier than SQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.