YMAX vs. XOMO

Last updated Aug 4, 2026

YMAX (YieldMax Universe Fund of Option Income ETFs) and XOMO (YieldMax XOM Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, YMAX returned -2.39% vs 29.81% for XOMO. Their -0.01 correlation means they have often moved in opposite directions in the past. YMAX charges 1.33%/yr vs 1.01%/yr for XOMO.

Performance

YMAX vs. XOMO - Performance Comparison

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

Returns By Period

In the year-to-date period, YMAX achieves a 0.68% return, which is significantly lower than XOMO's 20.15% return.

YMAX

• 1D: 1.76%
• 1M: -1.93%
• 6M: 5.27%
• YTD: 0.68%
• 1Y: -2.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.68%

XOMO

• 1D: -0.09%
• 1M: 10.85%
• 6M: 7.87%
• YTD: 20.15%
• 1Y: 29.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

*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)
XOMO YieldMax XOM Option Income Strategy ETF	$559.24K	$694.66K	$715.05K
YMAX YieldMax Universe Fund of Option Income ETFs	$9.31M	$11.31M	$14.54M

YMAX vs. XOMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMAX YieldMax Universe Fund of Option Income ETFs	0.68%	6.04%	26.90%
XOMO YieldMax XOM Option Income Strategy ETF	20.15%	6.90%	7.53%

Correlation

The correlation between YMAX and XOMO is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.24
Correlation (All Time) Calculated using the full available price history since Jan 17, 2024	-0.01

Over the past year, the inverse relationship between YMAX and XOMO has strengthened: their correlation has moved from -0.01 to -0.24, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

YMAX vs. XOMO — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 10
YMAX Martin Ratio Rank: 10

XOMO

XOMO Risk / Return Rank: 52
XOMO Sharpe Ratio Rank: 59
XOMO Sortino Ratio Rank: 55
XOMO Omega Ratio Rank: 57
XOMO Calmar Ratio Rank: 46
XOMO Martin Ratio Rank: 40

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.

YMAX vs. XOMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) and YieldMax XOM Option Income Strategy ETF (XOMO). 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	XOMO	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	1.45	-1.55
Sortino ratio: Return per unit of downside risk	0.03	1.96	-1.94
Omega ratio: Gain probability vs. loss probability	1.00	1.26	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.09	1.74	-1.83
Martin ratio: Return relative to average drawdown	-0.20	4.35	-4.55

YMAX vs. XOMO - Sharpe Ratio Comparison

The current YMAX Sharpe Ratio is -0.10, which is lower than the XOMO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of YMAX and XOMO, 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

YMAX vs. XOMO - Drawdown Comparison

The maximum YMAX drawdown since its inception was -26.13%, which is greater than XOMO's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for YMAX and XOMO.

Drawdown Indicators

	YMAX	XOMO	Difference
Max Drawdown Largest peak-to-trough decline	-26.13%	-18.90%	-7.23%
Max Drawdown (1Y) Largest decline over 1 year	-26.13%	-17.25%	-8.88%
Current Drawdown Current decline from peak	-10.75%	-7.65%	-3.10%
Average Drawdown Average peak-to-trough decline	-6.57%	-7.50%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.72%	6.89%	+4.83%

Volatility

YMAX vs. XOMO - Volatility Comparison

YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 6.62% compared to YieldMax XOM Option Income Strategy ETF (XOMO) at 6.21%. This indicates that YMAX's price experiences larger fluctuations and is considered to be riskier than XOMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMAX	XOMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	6.21%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	20.20%	17.24%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	24.15%	20.67%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.51%	19.19%	+4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	19.19%	+4.32%

YMAX vs. XOMO - Expense Ratio Comparison

YMAX has a 1.33% expense ratio, which is higher than XOMO's 1.01% expense ratio.

Dividends

YMAX vs. XOMO - Dividend Comparison

YMAX's dividend yield for the trailing twelve months is around 71.74%, more than XOMO's 37.07% yield.

Position	TTM	2025	2024	2023
XOMO YieldMax XOM Option Income Strategy ETF	37.07%	31.64%	26.94%	5.13%
YMAX YieldMax Universe Fund of Option Income ETFs	71.74%	78.70%	44.20%	0.00%

Frequently Asked Questions

Can I hold both YMAX and XOMO in my portfolio?

YMAX and XOMO have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YMAX or XOMO?

YMAX has higher volatility (6.62%) compared to XOMO (6.21%). In terms of maximum drawdown, YMAX dropped -26.13% vs XOMO's -18.90%.

Which ETF is better, YMAX or XOMO?

On 1-year performance, XOMO leads with 29.81% vs -2.39% for YMAX. On fees, XOMO is cheaper at 1.01% per year. On volatility, XOMO has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YMAX or XOMO?

Over the 1-year period, XOMO has performed better with a 29.81% return vs -2.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YMAX or XOMO?

XOMO is cheaper with a 1.01% expense ratio, compared with 1.33% for YMAX.

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

YMAX has the higher dividend yield at 71.74%, compared with 37.07% for XOMO.

What is the main difference between YMAX and XOMO?

Their fees differ too: 1.33% for YMAX and 1.01% for XOMO.

Which has better risk-adjusted returns?

XOMO currently has the higher Sharpe Ratio (1.45 vs -0.10), 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.