Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
COIN has lagged CONY over the trailing twelve months, posting a -47.57% total return against -40.16%. The picture flips over 3 years, though — COIN has compounded at 32.04% a year, ahead of CONY at 10.22%. CONY has been the steadier holding, though — annualized volatility of 60.8% against 76.7% for COIN. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 16, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Aug 2023” measures every fund from August 15, 2023 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate, SEC yield and return of capital
Metric
COIN
CONY
Forward distribution rate
—
60.97%
Trailing 12-month yield
—
119.83%
30-day SEC yield
—
2.52%
Return of capital
—
0.00%
Total return (price change plus reinvested distributions) is the Total returns section above. Return of capital is the share of a recent distribution that was not income. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Not a distribution payer
COIN (Coinbase Global Inc.) has no distribution rate on file and its distribution frequency is None. COIN is not a payer. The blank yield is not a zero yield.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
YieldMax COIN Option Income Strategy ETF seeks current income while providing indirect exposure to the share price returns of Coinbase Global, Inc. common stock, subject to a limit on potential investment gains. The fund does not invest directly in Coinbase Global, Inc.; it uses a synthetic covered call strategy built from standardized exchange-traded options.
Bottom lineChoose COIN if you want direct ownership of the underlying business, with no fund wrapper or management fee. Choose CONY if you want to maximize current income — roughly 60.97%, generated by selling options premium. There's no free lunch: CONY's payout comes from selling options, which caps upside and can erode the share price over time, while COIN keeps full price exposure.
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Capped upside and premium dependence. CONY generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on CONY.
COIN (Coinbase Global Inc.) is a stock, while CONY (YieldMax COIN Option Income Strategy ETF) is an ETF — their trading structures differ.
CONY currently shows a 60.97% distribution yield. COIN has not yet established a full distribution history, so a comparable yield figure is not available.
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On a $10,000 investment, COIN has no reported distribution yield yet, so a cash estimate is not available, while CONY would produce $117.25 cash per distribution, at current distribution rates.
COIN yield—
CONY yield60.97%
Cost & efficiency
CONY charges a 1.04% expense ratio — roughly $1,040 over 10 years on $10,000 (simplified, not compounded). COIN is a stock, not a fund, so it charges no expense ratio.
CONY ER1.04%
Strategy & risk
COIN is a stock built around financials exposure, while CONY uses Coinbase (COIN) as its reference exposure with a covered call approach. Beta is 3.409 for COIN and 3.02 for CONY, making CONY the less volatile of the two by this measure.
COIN beta3.409
CONY beta3.02
Security details
COIN (Coinbase Global Inc.) is a stock. CONY is managed by YieldMax (launched 08/14/2023) with $381M in assets.
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Frequently asked questions
Which of COIN or CONY pays more dividend income?
CONY currently reports a distribution yield, while COIN has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.
What is the difference between COIN and CONY?
COIN (Coinbase Global Inc.) is a stock built around financials exposure, while CONY (YieldMax COIN Option Income Strategy ETF) uses Coinbase (COIN) as its reference exposure with a covered call approach. They are issued by — and YieldMax respectively.
Can I hold both COIN and CONY?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, COIN or CONY?
CONY charges a 1.04% expense ratio. COIN is a stock, not a fund, so it has no expense ratio — owning it directly costs nothing in ongoing fund fees.
How much income does $10,000 in COIN vs CONY generate?
At current rates, COIN does not pay distributions, so there is no cash income to estimate. The same in CONY would produce about $117.25 cash per distribution ($6,097.00 annually).
Which has performed better historically, COIN or CONY?
COIN has lagged CONY over the trailing twelve months, posting a -47.57% total return against -40.16%. The picture flips over 3 years, though — COIN has compounded at 32.04% a year, ahead of CONY at 10.22%. CONY has been the steadier holding, though — annualized volatility of 60.8% against 76.7% for COIN. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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