CONY vs QQQ
YieldMax COIN Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 107 holdings.
Side-by-Side Comparison
| Metric | CONY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.18% | |
| AUM | $351M | $486.1B | |
| Dividend Yield | 165.38% | 0.44% | |
| Holdings | 24 | 107 | |
| YTD Return | -16.29% | +17.33% | |
| 1Y Return | -34.76% | +26.50% | |
| 3Y Return (annualized) | +12.69% | +24.58% | |
| 5Y Return (annualized) | - | +14.15% | |
| Volatility (annualized) | 61.3% | 30.6% | |
| Max Drawdown | -63.6% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 14, 2023 | Mar 10, 1999 |
CONY vs QQQ Performance
YieldMax COIN Option Income Strategy ETF (CONY) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CONY returned -34.76% while QQQ returned +26.50%. Year to date, CONY is down 16.29% versus a gain of 17.33% for QQQ.
Over three years, CONY compounded at +12.69% per year against +24.58% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.04% annualized vs +12.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONY has been the more volatile fund, with annualized monthly volatility of 61.3% compared with 30.6% for QQQ. 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 -83.0% for QQQ. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CONY charges 1.04% per year while QQQ charges 0.18%. On a $10,000 position that is $104 vs $18 annually, a gap of $86 per year that compounds over a long holding period. On income, CONY currently yields 165.38% against 0.44% for QQQ.
Holdings Overlap
CONY and QQQ share 0 holdings out of 105 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 QQQ?
CONY has an expense ratio of 1.04% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, CONY or QQQ?
Over the past year CONY returned -34.76% vs +26.50% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), CONY annualized +12.51% vs +13.04% for QQQ. Past performance does not guarantee future results.
Which is riskier, CONY or QQQ?
CONY has been the more volatile fund at 61.3% annualized versus 30.6% for QQQ. Worst drawdown: CONY -63.6% vs QQQ -83.0%.
Should I hold both CONY and QQQ?
CONY and QQQ have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CONY and QQQ?
CONY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, CONY or QQQ?
CONY yields 165.38% while QQQ yields 0.44%, so CONY currently pays the higher dividend yield.
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