XYZY vs. XYZ

Last updated Jun 4, 2026

XYZY (YieldMax XYZ Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while XYZ (Block, Inc) is a stock. Over the past year, XYZY returned -0.20% vs 9.90% for XYZ. With a 0.97 correlation, they move nearly in lockstep.

Performance

XYZY vs. XYZ - Performance Comparison

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

Returns By Period

In the year-to-date period, XYZY achieves a -1.01% return, which is significantly lower than XYZ's 7.24% return.

XYZY

• 1D: -5.22%
• 1M: -4.39%
• YTD: -1.01%
• 6M: 6.08%
• 1Y: -0.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XYZ

• 1D: -5.87%
• 1M: -2.92%
• YTD: 7.24%
• 6M: 14.22%
• 1Y: 9.90%
• 3Y*: 3.23%
• 5Y*: -20.05%
• 10Y*: 22.12%

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

XYZY vs. XYZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XYZY YieldMax XYZ Option Income Strategy ETF	-1.01%	-29.43%	21.72%	44.45%
XYZ Block, Inc	7.24%	-23.41%	9.88%	65.67%

Correlation

The correlation between XYZY and XYZ is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023	0.97

The correlation between XYZY and XYZ has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

XYZY vs. XYZ — Risk / Return Rank

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

XYZY

XYZY Risk / Return Rank: 9
XYZY Sharpe Ratio Rank: 8
XYZY Sortino Ratio Rank: 10
XYZY Omega Ratio Rank: 10
XYZY Calmar Ratio Rank: 9
XYZY Martin Ratio Rank: 9

XYZ

XYZ Risk / Return Rank: 46
XYZ Sharpe Ratio Rank: 49
XYZ Sortino Ratio Rank: 45
XYZ Omega Ratio Rank: 44
XYZ Calmar Ratio Rank: 46
XYZ Martin Ratio Rank: 47

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. XYZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax XYZ Option Income Strategy ETF (XYZY) and Block, Inc (XYZ). 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	XYZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	0.21	-0.22
Sortino ratio: Return per unit of downside risk	0.26	0.63	-0.37
Omega ratio: Gain probability vs. loss probability	1.03	1.08	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.01	0.25	-0.26
Martin ratio: Return relative to average drawdown	-0.01	0.58	-0.60
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. XYZ - Sharpe Ratio Comparison

The current XYZY Sharpe Ratio is -0.01, which is lower than the XYZ Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of XYZY and XYZ, 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	XYZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.21	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.30	-0.11

Drawdowns

XYZY vs. XYZ - Drawdown Comparison

The maximum XYZY drawdown since its inception was -52.30%, smaller than the maximum XYZ drawdown of -86.08%. Use the drawdown chart below to compare losses from any high point for XYZY and XYZ.

Drawdown Indicators

	XYZY	XYZ	Difference
Max Drawdown Largest peak-to-trough decline	-52.30%	-86.08%	+33.78%
Max Drawdown (1Y) Largest decline over 1 year	-37.72%	-39.48%	+1.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-86.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.08%	—
Current Drawdown Current decline from peak	-37.84%	-75.23%	+37.39%
Average Drawdown Average peak-to-trough decline	-21.82%	-40.98%	+19.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.18%	16.97%	+0.21%

Volatility

XYZY vs. XYZ - Volatility Comparison

The current volatility for YieldMax XYZ Option Income Strategy ETF (XYZY) is 10.82%, while Block, Inc (XYZ) has a volatility of 13.29%. This indicates that XYZY experiences smaller price fluctuations and is considered to be less risky than XYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XYZY	XYZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	13.29%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	31.08%	35.69%	-4.61%
Volatility (1Y) Calculated over the trailing 1-year period	38.83%	46.59%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.20%	59.97%	-17.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.20%	56.68%	-14.48%

Dividends

XYZY vs. XYZ - Dividend Comparison

XYZY's dividend yield for the trailing twelve months is around 109.42%, while XYZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
XYZ Block, Inc	0.00%	0.00%	0.00%	0.00%
XYZY YieldMax XYZ Option Income Strategy ETF	109.42%	95.35%	62.54%	9.85%

Frequently Asked Questions

Can I hold both XYZY and XYZ in my portfolio?

With a correlation of 0.97, XYZY and XYZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XYZY or XYZ?

XYZ has higher volatility (13.29%) compared to XYZY (10.82%). In terms of maximum drawdown, XYZY dropped -52.30% vs XYZ's -86.08%.

Which has better risk-adjusted returns?

XYZ currently has the higher Sharpe Ratio (0.21 vs -0.01), 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.