YALL vs. JPO

Last updated Aug 2, 2026

YALL (God Bless America ETF) and JPO (YieldMax JPM Option Income Strategy ETF) are both exchange-traded funds - YALL is a Large Cap Blend Equities fund actively managed by Tidal, while JPO is a Options Trading fund actively managed by Tidal. Both are actively managed. Over the past year, YALL returned 0.47% vs 19.08% for JPO. Their 0.41 correlation means their historical movements had little consistent relationship. YALL charges 0.65%/yr vs 1.19%/yr for JPO.

Performance

YALL vs. JPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in God Bless America ETF (YALL) and YieldMax JPM Option Income Strategy ETF (JPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YALL achieves a -3.72% return, which is significantly lower than JPO's 8.98% return.

YALL

• 1D: -0.10%
• 1M: -2.18%
• 6M: -5.10%
• YTD: -3.72%
• 1Y: 0.47%
• 3Y*: 15.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.69%

JPO

• 1D: 0.34%
• 1M: 5.47%
• 6M: 14.60%
• YTD: 8.98%
• 1Y: 19.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JPO YieldMax JPM Option Income Strategy ETF	$418.56K	$404.33K	$336.84K
YALL God Bless America ETF	$426.58K	$379.61K	$374.40K

YALL vs. JPO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YALL God Bless America ETF	-3.72%	14.36%	29.99%	11.30%
JPO YieldMax JPM Option Income Strategy ETF	8.98%	22.26%	13.97%	4.90%

Correlation

The correlation between YALL and JPO is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.41

Return for Risk

YALL vs. JPO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YALL

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

JPO

JPO Risk / Return Rank: 34
JPO Sharpe Ratio Rank: 35
JPO Sortino Ratio Rank: 33
JPO Omega Ratio Rank: 33
JPO Calmar Ratio Rank: 35
JPO Martin Ratio Rank: 32

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YALL vs. JPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for God Bless America ETF (YALL) and YieldMax JPM Option Income Strategy ETF (JPO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	YALL	JPO	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	0.89	-0.93
Sortino ratio: Return per unit of downside risk	0.04	1.25	-1.21
Omega ratio: Gain probability vs. loss probability	1.01	1.16	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.06	1.21	-1.26
Martin ratio: Return relative to average drawdown	-0.12	3.00	-3.12

YALL vs. JPO - Sharpe Ratio Comparison

The current YALL Sharpe Ratio is -0.04, which is lower than the JPO Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of YALL and JPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YALL vs. JPO - Drawdown Comparison

The maximum YALL drawdown since its inception was -19.72%, smaller than the maximum JPO drawdown of -24.80%. Use the drawdown chart below to compare losses from any high point for YALL and JPO.

Drawdown Indicators

	YALL	JPO	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-24.80%	+5.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-14.24%	+4.82%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	—	—
Current Drawdown Current decline from peak	-8.03%	-1.04%	-6.99%
Average Drawdown Average peak-to-trough decline	-3.09%	-4.42%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	5.72%	-1.56%

Volatility

YALL vs. JPO - Volatility Comparison

The current volatility for God Bless America ETF (YALL) is 2.95%, while YieldMax JPM Option Income Strategy ETF (JPO) has a volatility of 5.21%. This indicates that YALL experiences smaller price fluctuations and is considered to be less risky than JPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YALL	JPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	5.21%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	14.08%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	19.41%	-5.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	19.06%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.30%	19.06%	-1.76%

YALL vs. JPO - Expense Ratio Comparison

YALL has a 0.65% expense ratio, which is lower than JPO's 1.19% expense ratio.

Dividends

YALL vs. JPO - Dividend Comparison

YALL's dividend yield for the trailing twelve months is around 0.51%, less than JPO's 31.81% yield.

Position	TTM	2025	2024	2023	2022
JPO YieldMax JPM Option Income Strategy ETF	31.81%	34.13%	25.15%	4.84%	0.00%
YALL God Bless America ETF	0.51%	0.49%	0.50%	3.51%	0.19%

Frequently Asked Questions

Can I hold both YALL and JPO in my portfolio?

YALL and JPO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YALL or JPO?

JPO has higher volatility (5.21%) compared to YALL (2.95%). In terms of maximum drawdown, YALL dropped -19.72% vs JPO's -24.80%.

Which ETF is better, YALL or JPO?

On 1-year performance, JPO leads with 19.08% vs 0.47% for YALL. On fees, YALL is cheaper at 0.65% per year. On volatility, YALL has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YALL or JPO?

Over the 1-year period, JPO has performed better with a 19.08% return vs 0.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YALL or JPO?

YALL is cheaper with a 0.65% expense ratio, compared with 1.19% for JPO.

Which ETF pays a higher dividend yield, YALL or JPO?

JPO has the higher dividend yield at 31.81%, compared with 0.51% for YALL.

What is the main difference between YALL and JPO?

YALL is categorized as Large Cap Blend Equities, while JPO is Options Trading. Their fees differ too: 0.65% for YALL and 1.19% for JPO.

Which has better risk-adjusted returns?

JPO currently has the higher Sharpe Ratio (0.89 vs -0.04), 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.