TELFY vs. YMAX

Last updated Jul 21, 2026

TELFY (Telefónica, S.A.) is a stock, while YMAX (YieldMax Universe Fund of Option Income ETFs) is Derivative Income fund actively managed by YieldMax. At a 0.03 correlation, their price movements are largely independent.

Performance

TELFY vs. YMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Telefónica, S.A. (TELFY) and YieldMax Universe Fund of Option Income ETFs (YMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TELFY

• 1D: -1.95%
• 1M: -5.41%
• 6M: 9.29%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

YMAX

• 1D: 0.00%
• 1M: -4.39%
• 6M: -3.15%
• YTD: -0.74%
• 1Y: -6.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.25%

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

TELFY vs. YMAX - Yearly Performance Comparison

	2026 (YTD)
TELFY Telefónica, S.A.	9.29%
YMAX YieldMax Universe Fund of Option Income ETFs	-3.15%

Correlation

The correlation between TELFY and YMAX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.03

Return for Risk

TELFY vs. YMAX — Risk / Return Rank

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

TELFY

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

YMAX

YMAX Risk / Return Rank: 7
YMAX Sharpe Ratio Rank: 7
YMAX Sortino Ratio Rank: 7
YMAX Omega Ratio Rank: 7
YMAX Calmar Ratio Rank: 7
YMAX Martin Ratio Rank: 7

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.

TELFY vs. YMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Telefónica, S.A. (TELFY) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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.

	TELFY	YMAX	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.29	—
Sortino ratio: Return per unit of downside risk	—	-0.24	—
Omega ratio: Gain probability vs. loss probability	—	0.97	—
Calmar ratio: Return relative to maximum drawdown	—	-0.26	—
Martin ratio: Return relative to average drawdown	—	-0.60	—

Drawdowns

TELFY vs. YMAX - Drawdown Comparison

The maximum TELFY drawdown since its inception was -13.41%, smaller than the maximum YMAX drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for TELFY and YMAX.

Drawdown Indicators

	TELFY	YMAX	Difference
Max Drawdown Largest peak-to-trough decline	-13.41%	-26.13%	+12.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.13%	—
Current Drawdown Current decline from peak	-10.75%	-12.00%	+1.25%
Average Drawdown Average peak-to-trough decline	-4.24%	-6.48%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.52%	—

Volatility

Volatility by Period

	TELFY	YMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.00%	23.99%	+5.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.00%	23.53%	+5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.00%	23.53%	+5.47%

Dividends

TELFY vs. YMAX - Dividend Comparison

TELFY's dividend yield for the trailing twelve months is around 4.35%, less than YMAX's 74.50% yield.

Position	TTM	2025	2024
TELFY Telefónica, S.A.	4.35%	0.00%	0.00%
YMAX YieldMax Universe Fund of Option Income ETFs	74.50%	78.70%	44.20%

Frequently Asked Questions

Can I hold both TELFY and YMAX in my portfolio?

TELFY and YMAX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.