CVNY vs VOO
YieldMax CVNA Option Income Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CVNY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.09% | 0.03% | |
| AUM | $20M | $979.0B | |
| Dividend Yield | 108.01% | 1.09% | |
| Holdings | 14 | 509 | |
| YTD Return | -6.58% | +14.48% | |
| 1Y Return | +7.23% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 45.0% | 14.2% | |
| Max Drawdown | -43.3% | -34.3% | |
| Fund Family | YieldMax ETF | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 29, 2025 | Sep 7, 2010 |
CVNY vs VOO Performance
YieldMax CVNA Option Income Strategy ETF (CVNY) is a ETF from YieldMax ETF and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CVNY returned +7.23% while VOO returned +22.02%. Year to date, CVNY is down 6.58% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
CVNY has been the more volatile fund, with annualized monthly volatility of 45.0% compared with 14.2% for VOO. 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 -43.3% for CVNY and -34.3% for VOO. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVNY charges 1.09% per year while VOO charges 0.03%. On a $10,000 position that is $109 vs $3 annually, a gap of $106 per year that compounds over a long holding period. On income, CVNY currently yields 108.01% against 1.09% for VOO.
Holdings Overlap
CVNY and VOO share 0 holdings out of 508 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, CVNY or VOO?
CVNY has an expense ratio of 1.09% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $106 per year of difference.
Which performed better, CVNY or VOO?
Over the past year CVNY returned +7.23% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CVNY annualized +23.00% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, CVNY or VOO?
CVNY has been the more volatile fund at 45.0% annualized versus 14.2% for VOO. Worst drawdown: CVNY -43.3% vs VOO -34.3%.
Should I hold both CVNY and VOO?
CVNY and VOO have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVNY and VOO?
CVNY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, CVNY or VOO?
CVNY yields 108.01% while VOO yields 1.09%, so CVNY currently pays the higher dividend yield.
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