HECA vs CONY

Comparison between HEDGEYE CAPITAL ALLOCATION ETF (HECA, ETF) and YIELDMAX(R) COIN OPTION INCOME STRATEGY ETF (CONY, ETF).

HECA vs CONY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HECA(ETF)	CONY(ETF)
Net Assets	$312M	$312M
Expense Ratio	1.30%	1.04%
Max Drawdown	12.82%	93.87%
Sharpe Ratio	0.53	-1.18
5Y Beta	0.45	2.08

Net Assets

HECA

$312M

Winner

CONY

$312M

Expense Ratio

HECA

1.30%

Winner

CONY

1.04%

Max Drawdown

Winner

HECA

12.82%

CONY

93.87%

Sharpe Ratio

Winner

HECA

0.53

CONY

-1.18

5Y Beta

Winner

HECA

0.45

CONY

2.08

HECA vs CONY - Historical Returns

Returns include dividend reinvestment.

Period	HECA	CONY
1 month	+0.33%	+1.80%
3 months	-0.58%	-15.14%
6 months	-7.89%	-21.96%
1 year	+8.52%	-55.37%
Max(CAGR)	+10.34%	+8.01%

HECA

+0.33%

Winner

CONY

+1.80%

Winner

HECA

-0.58%

CONY

-15.14%

Winner

HECA

-7.89%

CONY

-21.96%

Winner

HECA

+8.52%

CONY

-55.37%

Max(CAGR)

Winner

HECA

+10.34%

CONY

+8.01%

HECA vs CONY - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	HECA	CONY
2026	-1.95%	-27.99%
2025	+12.83%	-27.76%
2024	N/A	+36.48%
2023	N/A	+80.53%

HECA vs CONY Drawdown Comparison

The maximum drawdown for HECA was -12.82%, occurring on Jun 18, 2026. This drawdown has not yet recovered.

The maximum drawdown for CONY was -63.17%, occurring on Feb 12, 2026. This drawdown has not yet recovered.

The current HECA drawdown is -11.75%. The current CONY drawdown is -57.32%.

Rank	HECA	CONY
#1	-12.82% Feb 25, 2026 - Jun 18, 2026	-63.17% Jul 18, 2025 - Feb 12, 2026
#2	-5.01% Oct 15, 2025 - Jan 6, 2026	-50.02% Dec 6, 2024 - Jul 17, 2025
#3	-3.39% Jan 28, 2026 - Feb 9, 2026	-37.08% Apr 11, 2024 - Nov 8, 2024
#4	-3.35% Oct 8, 2025 - Oct 15, 2025	-29.03% Dec 28, 2023 - Mar 4, 2024
#5	-2.34% Jul 23, 2025 - Aug 27, 2025	-13.55% Sep 14, 2023 - Oct 24, 2023
#6	-1.15% Feb 13, 2026 - Feb 25, 2026	-13.23% Nov 11, 2024 - Dec 4, 2024
#7	-1.02% Aug 28, 2025 - Sep 5, 2025	-9.46% Oct 24, 2023 - Nov 2, 2023
#8	-0.80% Sep 22, 2025 - Sep 26, 2025	-8.46% Mar 12, 2024 - Mar 21, 2024
#9	-0.68% Jul 3, 2025 - Jul 17, 2025	-6.81% Aug 15, 2023 - Aug 29, 2023
#10	-0.63% Oct 6, 2025 - Oct 8, 2025	-6.26% Mar 28, 2024 - Apr 11, 2024
#11	-0.63% Sep 8, 2025 - Sep 11, 2025	-3.78% Dec 8, 2023 - Dec 13, 2023
#12	-0.61% Sep 15, 2025 - Sep 19, 2025	-3.29% Mar 4, 2024 - Mar 6, 2024
#13	-0.58% Jan 16, 2026 - Jan 21, 2026	-2.88% Dec 4, 2024 - Dec 6, 2024
#14	-0.57% Jan 22, 2026 - Jan 27, 2026	-2.76% Dec 5, 2023 - Dec 8, 2023
#15	-0.57% Jan 6, 2026 - Jan 9, 2026	-2.41% Mar 25, 2024 - Mar 28, 2024

Correlation

Correlation between HECA and CONY is -0.65 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.65

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