XYZY vs. CNQE.TO
XYZY (YieldMax XYZ Option Income Strategy ETF) and CNQE.TO (Harvest CNQ Enhanced High Income Shares ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.12, they often move in opposite directions. XYZY charges 0.99%/yr vs 0.40%/yr for CNQE.TO.
Performance
XYZY vs. CNQE.TO - Performance Comparison
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Different Trading Currencies
XYZY is traded in USD, while CNQE.TO is traded in CAD. To make them comparable, the CNQE.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XYZY achieves a -0.17% return, which is significantly lower than CNQE.TO's 37.10% return.
XYZY
- 1D
- 0.85%
- 1M
- -3.23%
- YTD
- -0.17%
- 6M
- 5.11%
- 1Y
- -0.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNQE.TO
- 1D
- -0.42%
- 1M
- -0.39%
- YTD
- 37.10%
- 6M
- 35.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XYZY vs. CNQE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XYZY YieldMax XYZ Option Income Strategy ETF | -0.17% | -12.50% |
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 37.10% | 15.34% |
Correlation
The correlation between XYZY and CNQE.TO is -0.12, 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 Aug 22, 2025 | -0.12 |
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Return for Risk
XYZY vs. CNQE.TO — Risk / Return Rank
XYZY
CNQE.TO
XYZY vs. CNQE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax XYZ Option Income Strategy ETF (XYZY) and Harvest CNQ Enhanced High Income Shares ETF (CNQE.TO). 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.
| XYZY | CNQE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.03 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | — | — |
| Martin ratioReturn relative to average drawdown | -0.06 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XYZY | CNQE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 2.45 | -2.25 |
Drawdowns
XYZY vs. CNQE.TO - Drawdown Comparison
The maximum XYZY drawdown since its inception was -52.30%, which is greater than CNQE.TO's maximum drawdown of -17.10%. Use the drawdown chart below to compare losses from any high point for XYZY and CNQE.TO.
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Drawdown Indicators
| XYZY | CNQE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.30% | -17.10% | -35.20% |
Max Drawdown (1Y)Largest decline over 1 year | -37.72% | — | — |
Current DrawdownCurrent decline from peak | -37.31% | -6.58% | -30.73% |
Average DrawdownAverage peak-to-trough decline | -21.85% | -3.95% | -17.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.21% | — | — |
Volatility
XYZY vs. CNQE.TO - Volatility Comparison
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Volatility by Period
| XYZY | CNQE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 30.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.80% | 33.10% | +5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.17% | 33.10% | +9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.17% | 33.10% | +9.07% |
XYZY vs. CNQE.TO - Expense Ratio Comparison
XYZY has a 0.99% expense ratio, which is higher than CNQE.TO's 0.40% expense ratio.
Dividends
XYZY vs. CNQE.TO - Dividend Comparison
XYZY's dividend yield for the trailing twelve months is around 111.68%, more than CNQE.TO's 9.43% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CNQE.TO Harvest CNQ Enhanced High Income Shares ETF | 9.43% | 4.42% | 0.00% | 0.00% |
XYZY YieldMax XYZ Option Income Strategy ETF | 111.68% | 95.35% | 62.54% | 9.85% |
Frequently Asked Questions
XYZY and CNQE.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNQE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNQE.TO is cheaper with a 0.40% expense ratio, compared with 0.99% for XYZY.
They also come from different issuers: YieldMax and Harvest. Their fees differ too: 0.99% for XYZY and 0.40% for CNQE.TO.
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