YMAX vs. HOII

Last updated Jun 24, 2026

YMAX (YieldMax Universe Fund of Option Income ETFs) and HOII (REX HOOD Growth & Income ETF) are both Derivative Income funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. YMAX charges 1.28%/yr vs 0.99%/yr for HOII.

Performance

YMAX vs. HOII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Universe Fund of Option Income ETFs (YMAX) and REX HOOD Growth & Income ETF (HOII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YMAX achieves a 0.77% return, which is significantly lower than HOII's 19,132.59% return.

YMAX

• 1D: -2.10%
• 1M: -2.26%
• YTD: 0.77%
• 6M: -1.20%
• 1Y: 2.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOII

• 1D: 0.00%
• 1M: 30,031.23%
• YTD: 19,132.59%
• 6M: 17,912.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YMAX vs. HOII - Yearly Performance Comparison

	2026 (YTD)	2025
YMAX YieldMax Universe Fund of Option Income ETFs	0.77%	-8.42%
HOII REX HOOD Growth & Income ETF	19,132.59%	-23.54%

Correlation

The correlation between YMAX and HOII is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.79

Return for Risk

YMAX vs. HOII — Risk / Return Rank

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

YMAX

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

HOII

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

YMAX vs. HOII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) and REX HOOD Growth & Income ETF (HOII). 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.

	YMAX	HOII	Difference
Sharpe ratio: Return per unit of total volatility	0.09	—	—
Sortino ratio: Return per unit of downside risk	0.28	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.08	—	—
Martin ratio: Return relative to average drawdown	0.19	—	—

Drawdowns

YMAX vs. HOII - Drawdown Comparison

The maximum YMAX drawdown since its inception was -26.13%, smaller than the maximum HOII drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for YMAX and HOII.

Drawdown Indicators

	YMAX	HOII	Difference
Max Drawdown Largest peak-to-trough decline	-26.13%	-55.38%	+29.25%
Max Drawdown (1Y) Largest decline over 1 year	-26.13%	—	—
Current Drawdown Current decline from peak	-10.66%	0.00%	-10.66%
Average Drawdown Average peak-to-trough decline	-6.40%	-36.68%	+30.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.24%	—	—

Volatility

Volatility by Period

	YMAX	HOII	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.56%	34,045.59%	-34,022.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.61%	34,045.59%	-34,021.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.61%	34,045.59%	-34,021.98%

YMAX vs. HOII - Expense Ratio Comparison

YMAX has a 1.28% expense ratio, which is higher than HOII's 0.99% expense ratio.

Dividends

YMAX vs. HOII - Dividend Comparison

YMAX's dividend yield for the trailing twelve months is around 74.01%, less than HOII's 120.87% yield.

Position	TTM	2025	2024
HOII REX HOOD Growth & Income ETF	120.87%	4.41%	0.00%
YMAX YieldMax Universe Fund of Option Income ETFs	74.01%	78.70%	44.20%

Frequently Asked Questions

Can I hold both YMAX and HOII in my portfolio?

YMAX and HOII have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YMAX or HOII?

On fees, HOII is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YMAX or HOII?

HOII is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAX.

Which ETF pays a higher dividend yield, YMAX or HOII?

HOII has the higher dividend yield at 120.87%, compared with 74.01% for YMAX.

What is the main difference between YMAX and HOII?

They also come from different issuers: YieldMax and REX. Their fees differ too: 1.28% for YMAX and 0.99% for HOII.