FIAT vs VOO
YieldMax Short COIN Option Income Strategy ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FIAT delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FIAT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.03% | |
| AUM | $34M | $979.0B | |
| Dividend Yield | 90.65% | 1.09% | |
| Holdings | 18 | 509 | |
| YTD Return | +17.14% | +14.48% | |
| 1Y Return | +43.43% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 55.6% | 14.2% | |
| Max Drawdown | -70.5% | -34.3% | |
| Fund Family | YieldMax ETF | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 9, 2024 | Sep 7, 2010 |
FIAT vs VOO Performance
YieldMax Short COIN Option Income Strategy ETF (FIAT) is a ETF from YieldMax ETF and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FIAT returned +43.43% while VOO returned +22.02%. Year to date, FIAT is up 17.14% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 55.6% 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 -70.5% for FIAT 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 -0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FIAT charges 1.05% per year while VOO charges 0.03%. On a $10,000 position that is $105 vs $3 annually, a gap of $102 per year that compounds over a long holding period. On income, FIAT currently yields 90.65% against 1.09% for VOO.
Holdings Overlap
FIAT and VOO 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, FIAT or VOO?
FIAT has an expense ratio of 1.05% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, FIAT or VOO?
Over the past year FIAT returned +43.43% vs +22.02% for VOO, so FIAT leads on 1-year performance. Over the longest common window we track (2 years), FIAT annualized -20.54% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, FIAT or VOO?
FIAT has been the more volatile fund at 55.6% annualized versus 14.2% for VOO. Worst drawdown: FIAT -70.5% vs VOO -34.3%.
Should I hold both FIAT and VOO?
FIAT and VOO have a monthly-return correlation of -0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIAT and VOO?
FIAT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, FIAT or VOO?
FIAT yields 90.65% while VOO yields 1.09%, so FIAT currently pays the higher dividend yield.
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