FIAT vs ZHDG
Comparison between YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF (FIAT, ETF) and ZEGA BUY AND HEDGE ETF (ZHDG, ETF).
FIAT vs ZHDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FIAT vs ZHDG - Holdings Comparison
FIAT and ZHDG have 1 common holdings. Overlap is 2.24%
FIAT's top 25 holdings weight is 10.68%. ZHDG's top 25 holdings weight is 2.24%.
| Rank | FIAT | ZHDG |
|---|---|---|
| #1 | COIN US 07/17/26 P200 (n/a) - 23.13% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 2.24% |
| #2 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 9.67% | N/A |
| #3 | OTHER ASSETS AND LIABILITIES (n/a) - 1.21% | N/A |
| #4 | COIN US 05/22/26 P207.5 (n/a) - 1.04% | N/A |
| #5 | COIN US 05/22/26 P190 (n/a) - 0.87% | N/A |
| #6 | CASH OFFSET (n/a) - 0.73% | N/A |
| #7 | COIN US 06/18/26 C320 (n/a) - 0.66% | N/A |
| #8 | COIN US 05/22/26 P192.5 (n/a) - 0.55% | N/A |
| #9 | COIN US 05/22/26 P195 (n/a) - 0.39% | N/A |
| #10 | COIN US 05/29/26 P177.5 (n/a) - 0.32% | N/A |
| #11 | COIN US 06/18/26 C300 (n/a) - 0.21% | N/A |
| #12 | COIN US 05/29/26 P180 (n/a) - 0.19% | N/A |
| #13 | COIN US 05/29/26 P182.5 (n/a) - 0.07% | N/A |
| #14 | COIN US 05/22/26 P185 (n/a) - 0.06% | N/A |
| #15 | COIN US 05/22/26 P182.5 (n/a) - 0.03% | N/A |
| #16 | US DOLLARS (n/a) - 0.00% | N/A |
| #17 | COIN US 05/29/26 P190 (n/a) - -0.14% | N/A |
| #18 | COIN US 05/29/26 P187.5 (n/a) - -0.37% | N/A |
| #19 | COIN US 05/22/26 P205 (n/a) - -0.50% | N/A |
| #20 | COIN US 05/29/26 P185 (n/a) - -0.65% | N/A |
| #21 | COIN US 05/22/26 P212.5 (n/a) - -0.76% | N/A |
| #22 | COIN US 05/22/26 P197.5 (n/a) - -1.14% | N/A |
| #23 | COIN US 05/22/26 P215 (n/a) - -1.61% | N/A |
| #24 | COIN US 05/22/26 P200 (n/a) - -2.80% | N/A |
| #25 | COIN 07/17/2026 200.02 C (n/a) - -20.48% | N/A |
| Total Holdings | 25 | 1 |
FIAT vs ZHDG - Historical Returns
Returns include dividend reinvestment.
FIAT vs ZHDG - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FIAT | ZHDG |
|---|---|---|
| 2026 | +12.75% | +5.68% |
| 2025 | -23.87% | +15.11% |
| 2024 | -28.97% | +18.03% |
| 2023 | N/A | +13.42% |
| 2022 | N/A | -22.18% |
| 2021 | N/A | +6.40% |
FIAT vs ZHDG Drawdown Comparison
The maximum drawdown for FIAT was -70.67%, occurring on Jul 18, 2025. This drawdown has not yet recovered.
The maximum drawdown for ZHDG was -23.27%, occurring on Dec 28, 2022. Recovery took 684 trading sessions.
The current FIAT drawdown is -52.98%. The current ZHDG drawdown is -0.78%.
| Rank | FIAT | ZHDG |
|---|---|---|
| #1 | -70.67% Sep 6, 2024 - Jul 18, 2025 | -23.27% Dec 29, 2021 - Sep 19, 2024 |
| #2 | -15.42% Jul 11, 2024 - Aug 1, 2024 | -11.65% Dec 6, 2024 - Jun 24, 2025 |
| #3 | -5.43% Aug 12, 2024 - Aug 28, 2024 | -8.56% Jan 27, 2026 - Apr 30, 2026 |
| #4 | -0.64% Aug 7, 2024 - Aug 12, 2024 | -4.47% Sep 3, 2021 - Oct 26, 2021 |
| #5 | N/A | -4.02% Jun 2, 2026 - Jun 10, 2026 |
| #6 | N/A | -3.79% Oct 28, 2025 - Jan 7, 2026 |
| #7 | N/A | -2.95% Nov 5, 2021 - Dec 8, 2021 |
| #8 | N/A | -2.80% Oct 14, 2024 - Nov 6, 2024 |
| #9 | N/A | -2.34% Jan 7, 2026 - Jan 27, 2026 |
| #10 | N/A | -2.30% Jul 25, 2025 - Aug 12, 2025 |
| #11 | N/A | -2.23% Oct 8, 2025 - Oct 24, 2025 |
| #12 | N/A | -1.94% Dec 10, 2021 - Dec 23, 2021 |
| #13 | N/A | -1.87% Nov 11, 2024 - Nov 26, 2024 |
| #14 | N/A | -1.86% May 14, 2026 - May 26, 2026 |
| #15 | N/A | -1.71% Jul 14, 2021 - Jul 23, 2021 |
Correlation
Correlation between FIAT and ZHDG is -0.72 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
Dividend Comparison (2021 - 2026)
FIAT vs ZHDG dividend yield comparison.
| Year | FIAT | ZHDG |
|---|---|---|
| 2026 | 40.43% | 0.00% |
| 2025 | 178.11% | 2.57% |
| 2024 | 70.99% | 2.59% |
| 2023 | 0.00% | 1.52% |
| 2022 | 0.00% | 3.58% |
| 2021 | 0.00% | 1.33% |
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