jQuery - scroll to hide and show element

Question

(function($){
    $(document).ready(function() {
      var scrolldownToView = $('.scrolldown-to-view');
      $(window).scroll(function() { 
          if (window.scrollY > 1) {
            scrolldownToView.fadeOut(400);
          } else {
            scrolldownToView.fadeIn(400);
          }
      });
         
    });
  })(jQuery);