TPRY vs. FIAT
TPRY (VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF) and FIAT (YieldMax Short COIN Option Income Strategy ETF) are both Derivative Income funds. TPRY is passively managed, while FIAT is actively managed. At a correlation of -0.44, they often move in opposite directions. TPRY charges 0.95%/yr vs 0.99%/yr for FIAT.
Performance
TPRY vs. FIAT - Performance Comparison
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Returns By Period
TPRY
- 1D
- -0.19%
- 1M
- 4.41%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAT
- 1D
- 4.32%
- 1M
- 16.99%
- YTD
- 13.84%
- 6M
- 33.71%
- 1Y
- -0.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TPRY vs. FIAT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF | 8.01% |
FIAT YieldMax Short COIN Option Income Strategy ETF | 0.29% |
Correlation
The correlation between TPRY and FIAT is -0.44, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 27, 2026 | -0.44 |
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Return for Risk
TPRY vs. FIAT — Risk / Return Rank
TPRY
FIAT
TPRY vs. FIAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and YieldMax Short COIN Option Income Strategy ETF (FIAT). 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.
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Sharpe Ratios by Period
| TPRY | FIAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | -0.37 | +1.81 |
Drawdowns
TPRY vs. FIAT - Drawdown Comparison
The maximum TPRY drawdown since its inception was -10.85%, smaller than the maximum FIAT drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for TPRY and FIAT.
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Drawdown Indicators
| TPRY | FIAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.85% | -70.50% | +59.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.26% | — |
Current DrawdownCurrent decline from peak | -0.19% | -50.94% | +50.75% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -45.35% | +42.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.32% | — |
Volatility
TPRY vs. FIAT - Volatility Comparison
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Volatility by Period
| TPRY | FIAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.60% | 55.49% | -31.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.60% | 60.56% | -36.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.60% | 60.56% | -36.96% |
TPRY vs. FIAT - Expense Ratio Comparison
TPRY has a 0.95% expense ratio, which is lower than FIAT's 0.99% expense ratio.
Dividends
TPRY vs. FIAT - Dividend Comparison
TPRY's dividend yield for the trailing twelve months is around 3.54%, less than FIAT's 93.28% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIAT YieldMax Short COIN Option Income Strategy ETF | 93.28% | 178.11% | 70.99% |
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF | 3.54% | 0.00% | 0.00% |
Frequently Asked Questions
TPRY and FIAT have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPRY is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPRY is cheaper with a 0.95% expense ratio, compared with 0.99% for FIAT.
FIAT has the higher dividend yield at 93.28%, compared with 3.54% for TPRY.
They also come from different issuers: VistaShares and YieldMax. Their fees differ too: 0.95% for TPRY and 0.99% for FIAT.
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