YieldMax COIN Option Income Strategy ETF (CONY) Performance
CONY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −21.1% since Dec 31, 2025
- 1 year
- −41.7% total return
- 3 years
- +3.5% a year
- Since first price
- +4.8% a year since 2023
CONY trailing returns vs SPY, QQQ, AGG
| Period | CONY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −13.4% | −18.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.9% | −11.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −10.0% | −37.7% | +7.8% | +8.4% | −1.5% |
| YTD | −21.1% | −55.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −41.7% | −71.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +10.9%+3.5%/yr | −91.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 15, 2023 | +16.2%+4.8%/yr | −91.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CONY vs SPY
From Aug 15, 2023: CONY grew to $11,621, SPY to $17,855.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CONY returns by calendar year
1 of 2 full years positive. Best 2024 (+23.6%), worst 2025 (−34.2%). 2026 is year to date.
CONY annual returns table
| Year | CONY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −21.1% | −41.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −34.2% | −47.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +23.6% | −37.7% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CONY largest drawdowns
Now 60.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 6, 2024 | −67.4% | Feb 12, 2026 | not yet | 1.2 years | 1.9 years so far |
| Apr 11, 2024 | −37.7% | Sep 6, 2024 | Nov 8, 2024 | 5 months | 7 months |
| Dec 28, 2023 | −29.1% | Feb 5, 2024 | Mar 4, 2024 | 39 days | 2 months |
| Sep 14, 2023 | −13.6% | Sep 26, 2023 | Oct 24, 2023 | 12 days | 40 days |
| Nov 11, 2024 | −13.5% | Nov 14, 2024 | Dec 4, 2024 | 3 days | 23 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CONY risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +8.9% | +8.1% |
| Volatility (annualized) | 62.5% | 61.6% |
| Sharpe ratio | 0.35 | 0.34 |
| Sortino ratio | 0.62 | 0.59 |
| Best month | +50.7% | +50.7% |
| Worst month | −22.3% | −22.3% |
| Best 12 months | +88.1% | +88.1% |
| Worst 12 months | −57.5% | −57.5% |
| Positive months | 58% | 57% |
| Beta vs S&P 500 | 3.07 | — |
| Correlation with S&P 500 | 0.61 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CONY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 27 | −57.5% | −18.0% | +88.1% | 44% |
| 3-year (a year) | 3 | +2.9% | +8.1% | +8.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
CONY performance overview
YieldMax COIN Option Income Strategy ETF (CONY) returned −41.7% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +4.8% a year, turning $10,000 into about $11,621. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −67.4%, from Dec 6, 2024 to Feb 12, 2026; the fund has not yet regained that high. Volatility has been 61.6% a year.
Related: CONY chart, CONY dividends. See the CONY overview for the latest quote and fund facts.
CONY performance FAQ
What is the CONY return over the past year?
CONY returned −41.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 71.5%.
How much would $10,000 invested in CONY be worth?
$10,000 invested in CONY at its first recorded close on August 15, 2023 would be worth about $11,621 on October 23, 2026 with distributions reinvested.
What was the worst year for CONY?
The worst calendar year was 2025, with a total return of −34.2%. The best was 2024 at +23.6%.
What is the biggest drawdown of CONY?
The largest peak-to-trough decline was −67.4% between December 6, 2024 and February 12, 2026. It has not yet recovered to that high; it is 60.1% below its peak.
How volatile is CONY?
Over the past 3 years CONY had an annualized volatility of 62.5% and a Sharpe ratio of 0.35 (excess return over 1–3 month T-bills per unit of risk).