CONY vs VYM
YieldMax COIN Option Income Strategy ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | CONY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.04% | 0.04% | |
| AUM | $351M | $81.6B | |
| Dividend Yield | 165.38% | 2.24% | |
| Holdings | 24 | 613 | |
| YTD Return | -21.64% | +14.87% | |
| 1Y Return | -38.92% | +21.39% | |
| 3Y Return (annualized) | +10.25% | +18.69% | |
| 5Y Return (annualized) | - | +11.98% | |
| Volatility (annualized) | 61.5% | 14.5% | |
| Max Drawdown | -63.6% | -58.8% | |
| Fund Family | YieldMax ETF | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 14, 2023 | Nov 10, 2006 |
CONY vs VYM Performance
YieldMax COIN Option Income Strategy ETF (CONY) is a ETF from YieldMax ETF and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CONY returned -38.92% while VYM returned +21.39%. Year to date, CONY is down 21.64% versus a gain of 14.87% for VYM.
Over three years, CONY compounded at +10.25% per year against +18.69% for VYM. Across the full 3-year window we track, CONY has the edge at +10.11% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CONY has been the more volatile fund, with annualized monthly volatility of 61.5% compared with 14.5% for VYM. 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 -58.8% for VYM. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CONY charges 1.04% per year while VYM charges 0.04%. On a $10,000 position that is $104 vs $4 annually, a gap of $100 per year that compounds over a long holding period. On income, CONY currently yields 165.38% against 2.24% for VYM.
Holdings Overlap
CONY and VYM share 0 holdings out of 606 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 VYM?
CONY has an expense ratio of 1.04% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, CONY or VYM?
Over the past year CONY returned -38.92% vs +21.39% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), CONY annualized +10.11% vs +7.00% for VYM. Past performance does not guarantee future results.
Which is riskier, CONY or VYM?
CONY has been the more volatile fund at 61.5% annualized versus 14.5% for VYM. Worst drawdown: CONY -63.6% vs VYM -58.8%.
Should I hold both CONY and VYM?
CONY and VYM have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CONY and VYM?
CONY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, CONY or VYM?
CONY yields 165.38% while VYM yields 2.24%, so CONY currently pays the higher dividend yield.
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