TEST vs. IPDP

Last updated Jun 6, 2026

TEST (YieldMax TSLA Performance & Distribution Target 25 ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. TEST charges 1.01%/yr vs 1.52%/yr for IPDP.

Performance

TEST vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEST

• 1D: -4.27%
• 1M: -0.51%
• YTD: -8.43%
• 6M: -10.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEST vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
TEST YieldMax TSLA Performance & Distribution Target 25 ETF	-2.34%
IPDP Dividend Performers ETF	0.00%

Return for Risk

TEST vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) and Dividend Performers ETF (IPDP). 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.

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

Sharpe Ratios by Period

	TEST	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	—	—

Drawdowns

TEST vs. IPDP - Drawdown Comparison

The maximum TEST drawdown since its inception was -23.35%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TEST and IPDP.

Drawdown Indicators

	TEST	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-23.35%	0.00%	-23.35%
Current Drawdown Current decline from peak	-14.44%	0.00%	-14.44%
Average Drawdown Average peak-to-trough decline	-10.39%	0.00%	-10.39%

Volatility

Volatility by Period

	TEST	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.46%	0.00%	+32.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.46%	0.00%	+32.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.46%	0.00%	+32.46%

TEST vs. IPDP - Expense Ratio Comparison

TEST has a 1.01% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

TEST vs. IPDP - Dividend Comparison

TEST's dividend yield for the trailing twelve months is around 14.42%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
IPDP Dividend Performers ETF	0.00%	0.00%
TEST YieldMax TSLA Performance & Distribution Target 25 ETF	14.42%	2.50%

Frequently Asked Questions

Which ETF is better, TEST or IPDP?

On fees, TEST is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEST or IPDP?

TEST is cheaper with a 1.01% expense ratio, compared with 1.52% for IPDP.

Which ETF pays a higher dividend yield, TEST or IPDP?

TEST has the higher dividend yield at 14.42%, compared with 0.00% for IPDP.

What is the main difference between TEST and IPDP?

They also come from different issuers: YieldMax and Innovative Portfolios. Their fees differ too: 1.01% for TEST and 1.52% for IPDP.