Dividend comparison
COIN vs CONY: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Coinbase Global, Inc. and YieldMax COIN Option Income Strategy ETF, side by side. Updated October 21, 2026.
- Performance. Over the last 3 years, COIN returned 128.8% versus 13.6% for CONY, with dividends reinvested. $10,000 would have grown to $22,884 in COIN and $11,356 in CONY.
- Risk. COIN has been the bumpier ride. Its worst peak-to-trough decline over the last 3 years was -90.9%, against -68.8% for CONY.
Bottom line: COIN fits better if you care most about stronger 3-year returns. CONY fits better if you care most about smaller drawdowns.
| Metric | COIN Coinbase Global, Inc. | CONY YieldMax COIN Option Income Strategy ETF |
|---|---|---|
| Dividend yield (TTM) | — | 120.75% |
| Dividend / share (TTM) | — | $21.94 |
| Payout frequency | — | Monthly |
| Last dividend | — | $0.2148 on Oct 16, 2026 |
| Ex-dividend date | — | Oct 15, 2026 |
| Price | $170.85 | $18.17 |
| Beta | 3.41 | 1.93 |
| Max drawdown (5Y) | -90.9% | -68.8% |
| Market cap | $45.69B | $362.4M |
| Exchange | NASDAQ | AMEX |
| Expense ratio | — | 1.04% |
| Assets under management | — | $354.7M |
| Number of holdings | — | 6 |
COIN
—/mo
Yield data unavailable
CONY
$1006.26/mo
$12075 /yr at 120.75% yield
| Year | COIN | CONY |
|---|---|---|
| 2025 | — | $75.5777 |
| 2024 | — | $202.9790 |
Distributions can include return of capital and the share price tends to erode over time, so the headline yield overstates what the investor actually keeps.
What COIN vs CONY actually do
Exposure is synthetic: the fund buys calls and sells puts at matching strikes to replicate roughly 100% of the stock's price movement, then writes calls or call spreads on top to collect premium. Coinbase's earnings move with crypto trading volume, so both the stock and the option premium swing hard with the crypto cycle, and the distribution swings with them. Like others in the range it charges around 1% a year and has paid distributions that included return of capital.
Suits only a speculative sleeve sized so that a total loss would not matter. The structure concentrates single-company risk, caps the upside that would otherwise compensate for it, and can erode net asset value over time while still paying out, so it does not behave like the income funds it is often compared against.
Speculative, single-stock, capital at high risk
| Period | COIN | CONY |
|---|---|---|
| 1 month | -12.05% | -8.69% |
| 3 months | 8.74% | 10.46% |
| Year to date | -24.45% | -18.30% |
| 1 year | -50.30% | -42.48% |
| 3 years | 128.84% | 13.56% |
| 5 years | -45.71% | — |
- COIN
- CONY
Both series indexed to 100 on 2023-08-15 using the adjusted closing price series. Past performance does not guarantee future results.
- COIN
- CONY
Quick verdict
COIN fits better if you care most about stronger 3-year returns. CONY fits better if you care most about smaller drawdowns. Model the holding inside your real portfolio before deciding.
Frequently asked questions
Is COIN or CONY better for dividend income?
What is the difference between COIN and CONY?
Which has performed better, COIN or CONY?
Which is riskier, COIN or CONY?
Can I hold both COIN and CONY?
Where can I compare COIN vs CONY with my full portfolio?
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.