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ETFs

YieldMax COIN Option Income Strategy ETF

CONY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 14 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$1,817,976
AUM
$20,908,800
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
43.03%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
43.00%
n/a
Cash & Other
18.82%
n/a
COINBASE CLL OPT 11/23 75
9.47%
n/a
COINBASE CLL OPT 09/23 81
-0.06%
n/a
COIN US 09/29/23 C76
-0.38%
n/a
COIN 11/17/2023 75.01 P
-14.02%
Invest with CONY

What is CONY?

The YieldMax COIN Option Income Strategy ETF (CONY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on COIN. CONY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of COIN. Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform.

ETFs related toCONY

ETFs correlated to CONY include CONL, FDIG, BKCH

CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
CONL
GraniteShares ETF Trust - GraniteShares 1.5x Long Coinbase Daily ETF
FDIG
Fidelity Covington Trust - Fidelity Crypto Industry and Digital Payments ETF
BKCH
Global X Funds - Global X Blockchain ETF
BLOK
Amplify ETF Trust - Amplify Transformational Data Sharing ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
OARK
Tidal Trust II - YieldMax Innovation Option Income Strategy ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CONY is a US Equities ETF. The YieldMax COIN Option Income Strategy ETF (CONY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on COIN. CONY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of COIN. Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform.

Yes, CONY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CONY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CONY is 0.0158%. This is the percent change in the value of CONY over the most recent 1-month period. The 3-month return on CONY is %. This is the percent change in the value of CONY over the most recent 3-month period.

ETFs similar to CONY include XLI, XLY, and XLV.

ETFs correlated to CONY include CONL, FDIG, and BKCH.

ETFs that are inversely correlated to CONY include SARK, BITI, and SPXS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.