CONY vs IVV
YieldMax COIN Option Income Strategy ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CONY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.22% | 0.03% | |
| AUM | $368M | $865.2B | |
| Dividend Yield | 192.35% | 1.09% | |
| Holdings | 23 | 508 | |
| YTD Return | -32.75% | +13.43% | |
| 1Y Return | -48.88% | +22.61% | |
| 3Y Return (annualized) | +4.82% | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 60.5% | 15.1% | |
| Max Drawdown | -63.6% | -56.5% | |
| Fund Family | YieldMax ETF | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 14, 2023 | May 15, 2000 |
CONY vs IVV Performance
YieldMax COIN Option Income Strategy ETF (CONY) is a ETF from YieldMax ETF and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CONY returned -48.88% while IVV returned +22.61%. Year to date, CONY is down 32.75% versus a gain of 13.43% for IVV.
Over three years, CONY compounded at +4.82% per year against +21.47% for IVV. Across the full 3-year window we track, IVV has the edge at +7.03% annualized vs +4.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONY has been the more volatile fund, with annualized monthly volatility of 60.5% compared with 15.1% for IVV. 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CONY charges 1.22% per year while IVV charges 0.03%. On a $10,000 position that is $122 vs $3 annually, a gap of $119 per year that compounds over a long holding period. On income, CONY currently yields 192.35% against 1.09% for IVV.
Holdings Overlap
CONY and IVV share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CONY or IVV?
CONY has an expense ratio of 1.22% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $119 per year of difference.
Which performed better, CONY or IVV?
Over the past year CONY returned -48.88% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), CONY annualized +4.82% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, CONY or IVV?
CONY has been the more volatile fund at 60.5% annualized versus 15.1% for IVV. Worst drawdown: CONY -63.6% vs IVV -56.5%.
Should I hold both CONY and IVV?
CONY and IVV have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CONY and IVV?
CONY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, CONY or IVV?
CONY yields 192.35% while IVV yields 1.09%, so CONY currently pays the higher dividend yield.
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