Data as of Oct 28, 2026.

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Income ETFs

CONY vs OARK: Dividend Yield & Total Return

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Over the year to Oct 28, 2026, OARK paid 32.3% of its price in cash against CONY’s 32.2%, and returned more with it reinvested.

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Net assets on Oct 27, 2026: $339m for YieldMax COIN Option Income Strategy ETF and $40m for YieldMax Innovation Option Income Strategy ETF.

At a glance
32.2%
CONY cash paid, 1 year
32.3%
OARK cash paid, 1 year
−46.4%
CONY total return, 1 year
−2.3%
OARK total return, 1 year
CONY · 1 year to Oct 28, 2026 7.9 pts ahead of COIN
CONY
−46.4%
COIN
−54.3%

7.9 pts ahead of COIN

CONY over 1 year: paid 32.2%, price −73.9%, total −46.4%, COIN −54.3%, +7.9 pts. Data to Oct 28, 2026.

COIN

−54.3%

CONY

−46.4%

7.9 pts ahead of COIN

Total return, distributions reinvested

7.9 pts ahead of COIN

CONY over 1 year: paid 32.2%, price −73.9%, total −46.4%, COIN −54.3%, +7.9 pts. Data to Oct 28, 2026.

COIN

−54.3%

CONY

−46.4%

7.9 pts ahead of COIN

32.2% of it arrived as cash. Total return, distributions reinvested. CONY over 1 year: paid 32.2%, price −73.9%, total −46.4%, COIN −54.3%, +7.9 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.
OARK · 1 year to Oct 28, 2026 1.2 pts ahead of ARKK
OARK
−2.3%
ARKK
−3.5%

1.2 pts ahead of ARKK

OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

ARKK

−3.5%

OARK

−2.3%

1.2 pts ahead of ARKK

Total return, distributions reinvested

1.2 pts ahead of ARKK

OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

ARKK

−3.5%

OARK

−2.3%

1.2 pts ahead of ARKK

32.3% of it arrived as cash. Both charts share one scale, with zero at the line. OARK over 1 year: paid 32.3%, price −37.0%, total −2.3%, ARKK −3.5%, +1.2 pts. Data to Oct 28, 2026.

Data to Oct 28, 2026.

Pair scorecard

OARK costs 0.04 points a year less; their one-year returns differ by 44.1 points; CONY is 8.5 times larger.

Points (pts) are percentage points.

CONY vs OARK: Dividend Yield & Total Return
MeasureCONYOARK
Paid and earned
Total return, 1 year−46.4%−2.3%
Price change, 1 yearfell 73.9%fell 37.0%
Return of capital, issuer estimate21% of the Oct 30, 2026 payment
Against its benchmark
BenchmarkCoinbase (COIN)ARK Innovation ETF, measured through ARKK
Cost and size
Expense ratio1.04%1.00%
Net assets, as of Oct 27, 2026$339m$40m
Holdings
Holdings in common40%
ETFIQ Distribution Coverage Score · CONY scores higher How much of what it paid out did its total return cover?

CONY among the 74 income ETFs writing on a single company

IQ Income Score16.9CONY16.8OARK

How much of its payouts the fund's total return covered, ranked against 74 income ETFs writing on a single company and 164 income ETFs not writing on a single company. 100 is best. How it is computed

CONY 16.9
0.7, the lowest in this set 99.3, the highest

OARK among the 164 income ETFs not writing on a single company

OARK 16.8
0.3, the lowest in this set 99.7, the highest

A percentile among the 74 income ETFs writing on a single company. OARK is a percentile among the 164 income ETFs not writing on a single company, a different set, so the two marks are not on one scale. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Holdings in common uses holdings dated Oct 28, 2026. Method

Risk and return

Aug 25, 2023 to Oct 23, 2026 · 165 weekly returns
CONY OARK
Return
Total return edge OARK +39.5% +53.9%
Annualized edge OARK +11.1% +14.6%
Price return edge OARK −90.7% −61.9%
Risk
Volatility edge OARK 59.4% 28.9%
Max drawdown edge OARK −60.8% −34.1%
Downside capture 97.3% 92.8%
Beta 0.74 0.73
Risk-adjusted
Sharpe edge OARK 0.39 0.46
Sortino edge OARK (slight) 0.61 0.65
Treynor 0.315 0.121
Calmar edge OARK 0.18 0.43
Against the benchmark
Alpha −13.1% a year −7.9% a year
Alpha t-stat −1.62 −1.75
Information ratio −1.04 −1.01
Tracking error 25.2% 14.0%

Each against its own benchmark: CONY against COIN, Aug 25, 2023 to Oct 23, 2026; OARK against ARKK, Dec 2, 2022 to Oct 23, 2026.

Reading

OARK returned more: +53.9% to +39.5%. OARK swung less: 28.9% to 59.4%. OARK fell less at its worst: −34.1% to −60.8%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: CONY vs OARK: Dividend Yield & Total Return
MeasureCONYOARKEdgeHow it is measured
Return
Total return+39.5%+53.9%OARKPrice change plus distributions, reinvested.
Annualized+11.1%+14.6%OARKTotal return as a yearly rate.
Price return−90.7%−61.9%OARKPrice change alone, distributions left out.
Risk
Volatility59.4%28.9%OARKSpread of weekly returns, annualized. Lower is steadier.
Downside deviation38.0%20.5%OARKLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−60.8%−34.1%OARKDeepest fall from a high to the low after it.
Upside capture33.2%50.3%Share of its benchmark's rise caught in the weeks it rose.
Downside capture97.3%92.8%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.740.73Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.940.91Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.390.46OARKReturn above Treasury bills per unit of volatility.
Sortino0.610.65OARK (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.3150.121Return above Treasury bills per unit of beta.
Calmar0.180.43OARKAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkCOINARKKThe ETF each fund is measured against.
Alpha−13.1% a year−7.9% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−1.62−1.75Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−29.1% to +2.8%−16.8% to +1.0%Includes zeroThe 95% range for the yearly alpha.
Information ratio−1.04−1.01Return against its benchmark per unit of tracking error.
Tracking error25.2%14.0%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 165 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

40%

By the books each fund has filed, CONY and OARK hold 40% of their money in the same securities at the same weight. Holdings dated Oct 28, 2026.

0 half 100%

half

40% in common

Positions both hold · largest shared weight first CONY OARK
United States Treasury Note/Bond 2.375% 05/15/2027 27.08% 24.47%
United States Treasury Note/Bond 3.375% 09/15/2027 15.23% 29.86%
Only in one fund ↓
Only in CONY
COIN US 11/20/26 C170 3.18%
COIN US 12/18/26 C185 2.34%
COIN US 10/30/26 C180 0.50%
COIN US 10/30/26 C177.5 0.19%
COIN US 10/30/26 C182.5 0.13%
COIN US 10/30/26 C185 0.04%
COIN US 10/30/26 C167.5 -0.01%
COIN US 10/30/26 C175 -0.26%
Only in OARK
2ARKK US 11/20/26 C85.01 FLX 4.87%
ARKK US 10/30/26 C84.5 1.40%
ARKK US 10/30/26 C85 0.87%
ARKK US 10/30/26 C83 -1.67%
ARKK US 10/30/26 C82.5 -2.39%
2ARKK US 11/20/26 P85.01 FLX -3.41%
Check overlap with more funds →

Side by side

CONY YieldMax COIN Option Income Strategy ETF · Synthetic covered call on COIN, paying weekly OARK YieldMax Innovation Option Income Strategy ETF · Synthetic covered call on ARKK, paying weekly
Strategy synthetic covered call synthetic covered call
Benchmark Coinbase (COIN) ARK Innovation ETF (ARKK)
Pays weekly weekly
Payout rate, annualized 58.5% 27.5%
Expense ratio 1.04% 1.00%
Cash paid, 1 year 32.2% 32.3%
Price change, 1 year −73.9% −37.0%
Total return, 1 year −46.4% −2.3%
Benchmark return, 1 year −54.3% −3.5%
Ahead or behind +7.9 pts +1.2 pts
Return of capital, latest estimate 21% not published
Age 3.2 years 3.9 years
Net assets, as of Oct 27, 2026 $339m $40m

As of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: CONY vs OARK: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowCONYOARKCONYOARKCONYOARK
3 months+4.5%+13.7%17.6%8.9%+3.1 pts−8.3 pts
6 months−5.0%+9.8%30.0%19.6%+5.7 pts−7.3 pts
1 year−46.4%−2.3%32.2%32.3%+7.9 pts+1.2 pts
3 years+33.8%+86.2%180.5%103.7%−95.5 pts−66.3 pts
Since launchNot the same days: CONY Aug 2023 · OARK Nov 2022+30.9%+56.0%172.2%90.3%−74.1 pts−83.1 pts

Open this comparison in the app →

Client brief · page 1 of 2 Report BR-C59503D48C

CONY and OARK are built for the same job. How do they differ in cost, holdings and results?

  1. What each is measured against. CONY is measured against Coinbase (COIN) and OARK against ARK Innovation ETF through ARKK.
  2. Holdings in common. 40% of the weight is in the same securities (holdings dated Oct 28, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 CONY returned −46.4% and OARK −2.3% with distributions reinvested, a gap of 44.1 points.

Data as of Oct 28, 2026.

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About each fund
CONY

Over the year to Oct 28, 2026, CONY paid 32.2% of its starting value in cash distributions while its price fell 73.9%. With every distribution reinvested, the fund returned −46.4%. Coinbase (COIN) returned −54.3% over the same days, so a holder was ahead by 7.9 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 58.5%, paid weekly. YieldMax estimates that 21% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

OARK

Over the year to Oct 28, 2026, OARK paid 32.3% of its starting value in cash distributions while its price fell 37.0%. With every distribution reinvested, the fund returned −2.3%. ARK Innovation ETF (ARKK) returned −3.5% over the same days, so a holder was ahead by 1.2 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 27.5%, paid weekly.

Questions people ask

Which paid more, CONY or OARK?
Over the year to Oct 28, 2026, CONY paid 32.2% of its starting price in cash and OARK paid 32.3%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, CONY or OARK?
With every distribution reinvested, CONY returned −46.4% and OARK −2.3% over the year to Oct 28, 2026.
Which is cheaper, CONY or OARK?
CONY charges 1.04% a year and OARK charges 1.00%, so OARK is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CONY against OARK, data as of Oct 28, 2026. https://etfiq.com/compare/income/cony-vs-oark

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.