DIPS vs YMAX
YieldMax Short NVDA Option Income Strategy ETF vs YieldMax Universe Fund of Option Income ETF
Which is better, DIPS or YMAX?
Opposite sides of the same exposure.
DIPS has a lower expense ratio. YMAX led over 1Y and the full window. The two move opposite each other, correlation -0.70, so holding both offsets the exposure while paying both fees.
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 | DIPS | YMAX |
|---|---|---|
| Expense Ratio | 1.05%Best | 1.33% |
| AUM | $11M | $370M |
| Dividend Yield | 69.00% | 70.90% |
| Holdings | 28 | 60 |
| YTD Return | -13.73% | +5.14%Best |
| 1Y Return | -14.80% | -3.33%Best |
| Volatility (annualized) | 25.4% | 20.7%Best |
| Max Drawdown | -60.9% | -26.1%Best |
| $10,000 over 2.2 years | $4,553 | $12,618Best |
| Fund Family | YieldMax ETF | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jul 23, 2024 | Jan 16, 2024 |
Not shown on this pair: 3Y Return (annualized), 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 24, 2024 to Oct 14, 2026 (2.2 years).
DIPS vs YMAX 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.
DIPS vs YMAX Performance
YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an ETF from YieldMax ETF and YieldMax Universe Fund of Option Income ETF (YMAX) is an ETF from YieldMax ETF. Over the past year DIPS returned -14.80% while YMAX returned -3.33%. Year to date, DIPS is down 13.73% versus a gain of 5.14% for YMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIPS has been the more volatile fund, with annualized monthly volatility of 25.4% compared with 20.7% for YMAX. 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 -60.9% for DIPS and -26.1% for YMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.70. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
DIPS charges 1.05% per year while YMAX charges 1.33%. On a $10,000 position that is $105 vs $133 annually, a gap of $28 per year that compounds over a long holding period. On income, DIPS currently yields 69.00% against 70.90% for YMAX.
Holdings Overlap
At least 0.9% of YMAX's money is in holdings DIPS also owns.
Stated as a floor: for DIPS, our book for it covers 17.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
1 positions in common, counted across the 2 positions we hold weights for in DIPS and 29 in YMAX, against full books of 28 and 60.
Top Shared Holdings
| Stock | Weight in DIPS | Weight in YMAX | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 2.92% | 0.89% | 2.03% |
You are not choosing between two funds in isolation.
Whichever of DIPS and YMAX 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, DIPS or YMAX?
DIPS has an expense ratio of 1.05% while YMAX charges 1.33%. DIPS is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, DIPS or YMAX?
Over the past year DIPS returned -14.80% vs -3.33% for YMAX, so YMAX leads on 1-year performance. Over the longest common window we track (2 years), DIPS annualized -30.07% vs +11.15% for YMAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIPS or YMAX?
DIPS has been the more volatile fund at 25.4% annualized versus 20.7% for YMAX. Worst drawdown: DIPS -60.9% vs YMAX -26.1%.
Should I hold both DIPS and YMAX?
DIPS and YMAX have a monthly-return correlation of -0.70, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, DIPS or YMAX?
DIPS yields 69.00% while YMAX yields 70.90%, so YMAX currently pays the higher dividend yield.
Is YMAX better than DIPS?
DIPS has a lower expense ratio. YMAX led over 1Y and the full window. The two move opposite each other, correlation -0.70, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.