CONY vs UMAY
YieldMax COIN Option Income Strategy ETF vs Innovator U.S. Equity Ultra Buffer ETF - May
Which is better, CONY or UMAY?
UMAY has been ahead.
UMAY has a lower expense ratio. UMAY led over 1Y, 3Y 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 | UMAY |
|---|---|---|
| Expense Ratio | 1.04% | 0.79%Best |
| AUM | $381M | $137M |
| Dividend Yield | 119.91% | 0.00% |
| Holdings | 17 | 24 |
| YTD Return | -21.83% | +6.64%Best |
| 1Y Return | -42.68% | +8.83%Best |
| 3Y Return (annualized) | +9.76% | +11.71%Best |
| 5Y Return (annualized) | - | +6.64% |
| Volatility (annualized) | 60.7% | 4.5%Best |
| Max Drawdown | -63.6% | -10.5%Best |
| $10,000 over 3.2 years | $13,425 | $13,993Best |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 14, 2023 | Apr 30, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 15, 2023 to Oct 14, 2026 (3.2 years).
CONY vs UMAY 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 3.2 years both funds cover.
CONY vs UMAY Performance
YieldMax COIN Option Income Strategy ETF (CONY) is an ETF from YieldMax ETF and Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) is an ETF from Innovator ETFs Trust. Over the past year CONY returned -42.68% while UMAY returned +8.83%. Year to date, CONY is down 21.83% versus a gain of 6.64% for UMAY.
Over three years, CONY compounded at +9.76% per year against +11.71% for UMAY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONY has been the more volatile fund, with annualized monthly volatility of 60.7% compared with 4.5% for UMAY. 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 -10.5% for UMAY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CONY charges 1.04% per year while UMAY charges 0.79%. On a $10,000 position that is $104 vs $79 annually, a gap of $25 per year that compounds over a long holding period. On income, CONY currently yields 119.91% against 0.00% for UMAY.
Holdings Overlap
We hold position weights for 2 holdings in CONY and 1 in UMAY, totalling 27.7% and 101.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in CONY and 1 in UMAY, against full books of 17 and 24.
You are not choosing between two funds in isolation.
Whichever of CONY and UMAY 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 UMAY?
CONY has an expense ratio of 1.04% while UMAY charges 0.79%. UMAY is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, CONY or UMAY?
Over the past year CONY returned -42.68% vs +8.83% for UMAY, so UMAY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CONY or UMAY?
CONY has been the more volatile fund at 60.7% annualized versus 4.5% for UMAY. Worst drawdown: CONY -63.6% vs UMAY -10.5%.
Should I hold both CONY and UMAY?
CONY and UMAY have a monthly-return correlation of 0.50, 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 UMAY?
CONY yields 119.91% while UMAY yields 0.00%, so CONY currently pays the higher dividend yield.
Is UMAY better than CONY?
UMAY has a lower expense ratio. UMAY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.