XYZY vs. SMCY

Last updated Jun 3, 2026

XYZY (YieldMax XYZ Option Income Strategy ETF) and SMCY (YieldMax SMCI Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, XYZY returned 7.17% vs 1.85% for SMCY. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

XYZY vs. SMCY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax XYZ Option Income Strategy ETF (XYZY) and YieldMax SMCI Option Income Strategy ETF (SMCY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XYZY achieves a 4.45% return, which is significantly lower than SMCY's 40.55% return.

XYZY

• 1D: -1.63%
• 1M: 0.60%
• YTD: 4.45%
• 6M: 14.28%
• 1Y: 7.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMCY

• 1D: -4.44%
• 1M: 50.11%
• YTD: 40.55%
• 6M: 27.20%
• 1Y: 1.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XYZY vs. SMCY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XYZY YieldMax XYZ Option Income Strategy ETF	4.45%	-29.43%	23.81%
SMCY YieldMax SMCI Option Income Strategy ETF	40.55%	-15.41%	-33.07%

Correlation

The correlation between XYZY and SMCY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024	0.35

Return for Risk

XYZY vs. SMCY — Risk / Return Rank

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

XYZY

XYZY Risk / Return Rank: 12
XYZY Sharpe Ratio Rank: 11
XYZY Sortino Ratio Rank: 12
XYZY Omega Ratio Rank: 13
XYZY Calmar Ratio Rank: 11
XYZY Martin Ratio Rank: 10

SMCY

SMCY Risk / Return Rank: 10
SMCY Sharpe Ratio Rank: 9
SMCY Sortino Ratio Rank: 12
SMCY Omega Ratio Rank: 13
SMCY Calmar Ratio Rank: 9
SMCY Martin Ratio Rank: 9

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.

XYZY vs. SMCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax XYZ Option Income Strategy ETF (XYZY) and YieldMax SMCI Option Income Strategy ETF (SMCY). 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	SMCY	Difference
Sharpe ratio Return per unit of total volatility	0.19	0.03	+0.16
Sortino ratio Return per unit of downside risk	0.51	0.49	+0.02
Omega ratio Gain probability vs. loss probability	1.07	1.08	-0.01
Calmar ratio Return relative to maximum drawdown	0.19	0.03	+0.16
Martin ratio Return relative to average drawdown	0.41	0.05	+0.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XYZY vs. SMCY - Sharpe Ratio Comparison

The current XYZY Sharpe Ratio is 0.19, which is higher than the SMCY Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of XYZY and SMCY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XYZY	SMCY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	0.03	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	-0.16	+0.41

Drawdowns

XYZY vs. SMCY - Drawdown Comparison

The maximum XYZY drawdown since its inception was -52.30%, smaller than the maximum SMCY drawdown of -64.75%. Use the drawdown chart below to compare losses from any high point for XYZY and SMCY.

Drawdown Indicators

	XYZY	SMCY	Difference
Max Drawdown Largest peak-to-trough decline	-52.30%	-64.75%	+12.45%
Max Drawdown (1Y) Largest decline over 1 year	-37.72%	-60.43%	+22.71%
Current Drawdown Current decline from peak	-34.42%	-32.24%	-2.18%
Average Drawdown Average peak-to-trough decline	-21.80%	-37.02%	+15.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.14%	34.87%	-17.73%

Volatility

XYZY vs. SMCY - Volatility Comparison

The current volatility for YieldMax XYZ Option Income Strategy ETF (XYZY) is 9.38%, while YieldMax SMCI Option Income Strategy ETF (SMCY) has a volatility of 24.75%. This indicates that XYZY experiences smaller price fluctuations and is considered to be less risky than SMCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYZY	SMCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.38%	24.75%	-15.37%
Volatility (6M) Calculated over the trailing 6-month period	30.72%	56.00%	-25.28%
Volatility (1Y) Calculated over the trailing 1-year period	38.47%	64.57%	-26.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.11%	77.53%	-35.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.11%	77.53%	-35.42%

XYZY vs. SMCY - Expense Ratio Comparison

Both XYZY and SMCY have an expense ratio of 0.99%.

Dividends

XYZY vs. SMCY - Dividend Comparison

XYZY's dividend yield for the trailing twelve months is around 103.71%, less than SMCY's 151.41% yield.

Position	TTM	2025	2024	2023
SMCY YieldMax SMCI Option Income Strategy ETF	151.41%	231.43%	38.43%	0.00%
XYZY YieldMax XYZ Option Income Strategy ETF	103.71%	95.35%	62.54%	9.85%

Frequently Asked Questions

Can I hold both XYZY and SMCY in my portfolio?

XYZY and SMCY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XYZY or SMCY?

SMCY has higher volatility (24.75%) compared to XYZY (9.38%). In terms of maximum drawdown, XYZY dropped -52.30% vs SMCY's -64.75%.

Which ETF is better, XYZY or SMCY?

On 1-year performance, XYZY leads with 7.17% vs 1.85% for SMCY. Both ETFs have the same 0.99% expense ratio. On volatility, XYZY has been the lower-risk option at 9.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XYZY or SMCY?

Over the 1-year period, XYZY has performed better with a 7.17% return vs 1.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XYZY or SMCY?

XYZY and SMCY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, XYZY or SMCY?

SMCY has the higher dividend yield at 151.41%, compared with 103.71% for XYZY.

Which has better risk-adjusted returns?

XYZY currently has the higher Sharpe Ratio (0.19 vs 0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.