CONY vs GIAX
YieldMax COIN Option Income Strategy ETF vs Nicholas Global Equity and Income ETF
Which is better, CONY or GIAX?
GIAX has been ahead.
GIAX has a lower expense ratio. GIAX led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CONY | GIAX |
|---|---|---|
| Expense Ratio | 1.04% | 1.03%Best |
| AUM | $381M | $115M |
| Dividend Yield | 119.91% | 24.34% |
| Holdings | 17 | 87 |
| YTD Return | -21.83% | +12.20%Best |
| 1Y Return | -42.68% | +12.86%Best |
| 3Y Return (annualized) | +9.76% | - |
| Volatility (annualized) | 57.7% | 20.7%Best |
| Max Drawdown | -63.6% | -20.4%Best |
| $10,000 over 2.2 years | $6,490 | $13,082Best |
| Fund Family | YieldMax ETF | XFunds |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 14, 2023 | Jul 29, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 30, 2024 to Oct 14, 2026 (2.2 years).
CONY vs GIAX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
CONY vs GIAX Performance
YieldMax COIN Option Income Strategy ETF (CONY) is an ETF from YieldMax ETF and Nicholas Global Equity and Income ETF (GIAX) is an ETF from XFunds. Over the past year CONY returned -42.68% while GIAX returned +12.86%. Year to date, CONY is down 21.83% versus a gain of 12.20% for GIAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONY has been the more volatile fund, with annualized monthly volatility of 57.7% compared with 20.7% for GIAX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -63.6% for CONY and -20.4% for GIAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CONY charges 1.04% per year while GIAX charges 1.03%. On a $10,000 position that is $104 vs $103 annually, a gap of $1 per year that compounds over a long holding period. On income, CONY currently yields 119.91% against 24.34% for GIAX.
Holdings Overlap
At least 0.1% of GIAX's money is in holdings CONY also owns.
Stated as a floor: for CONY, our book for it covers 27.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 2 positions we hold weights for in CONY and 27 in GIAX, against full books of 17 and 87.
Top Shared Holdings
| Stock | Weight in CONY | Weight in GIAX | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 2.81% | 0.08% | 2.73% |
You are not choosing between two funds in isolation.
Whichever of CONY and GIAX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CONY or GIAX?
CONY has an expense ratio of 1.04% while GIAX charges 1.03%. GIAX is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, CONY or GIAX?
Over the past year CONY returned -42.68% vs +12.86% for GIAX, so GIAX leads on 1-year performance. Over the longest common window we track (2 years), CONY annualized -17.84% vs +12.99% for GIAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CONY or GIAX?
CONY has been the more volatile fund at 57.7% annualized versus 20.7% for GIAX. Worst drawdown: CONY -63.6% vs GIAX -20.4%.
Should I hold both CONY and GIAX?
CONY and GIAX have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CONY or GIAX?
CONY yields 119.91% while GIAX yields 24.34%, so CONY currently pays the higher dividend yield.
Is GIAX better than CONY?
GIAX has a lower expense ratio. GIAX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.