AEMS vs. TSMY

Last updated Jul 17, 2026

AEMS (Anfield Enhanced Market ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Over the past year, AEMS returned 27.34% vs 60.14% for TSMY. A 0.54 correlation means they provide meaningful diversification when combined. AEMS charges 1.21%/yr vs 0.99%/yr for TSMY.

Performance

AEMS vs. TSMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield Enhanced Market ETF (AEMS) and YieldMax TSM Option Income Strategy ETF (TSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEMS achieves a 14.93% return, which is significantly lower than TSMY's 30.86% return.

AEMS

• 1D: 0.00%
• 1M: 0.07%
• 6M: 11.44%
• YTD: 14.93%
• 1Y: 27.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMY

• 1D: -1.82%
• 1M: -2.39%
• 6M: 18.99%
• YTD: 30.86%
• 1Y: 60.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AEMS vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025
AEMS Anfield Enhanced Market ETF	14.93%	11.86%
TSMY YieldMax TSM Option Income Strategy ETF	30.86%	26.69%

Correlation

The correlation between AEMS and TSMY is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.54

The correlation between AEMS and TSMY has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

Return for Risk

AEMS vs. TSMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AEMS

AEMS Risk / Return Rank: 55
AEMS Sharpe Ratio Rank: 48
AEMS Sortino Ratio Rank: 47
AEMS Omega Ratio Rank: 55
AEMS Calmar Ratio Rank: 60
AEMS Martin Ratio Rank: 65

TSMY

TSMY Risk / Return Rank: 75
TSMY Sharpe Ratio Rank: 72
TSMY Sortino Ratio Rank: 66
TSMY Omega Ratio Rank: 66
TSMY Calmar Ratio Rank: 87
TSMY Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AEMS vs. TSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield Enhanced Market ETF (AEMS) and YieldMax TSM Option Income Strategy ETF (TSMY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AEMS	TSMY	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.85	-0.50
Sortino ratio: Return per unit of downside risk	1.93	2.43	-0.50
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.42	3.90	-1.48
Martin ratio: Return relative to average drawdown	9.08	13.06	-3.98

AEMS vs. TSMY - Sharpe Ratio Comparison

The current AEMS Sharpe Ratio is 1.35, which is comparable to the TSMY Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of AEMS and TSMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AEMS vs. TSMY - Drawdown Comparison

The maximum AEMS drawdown since its inception was -11.37%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for AEMS and TSMY.

Drawdown Indicators

	AEMS	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-11.37%	-31.15%	+19.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.37%	-15.50%	+4.13%
Current Drawdown Current decline from peak	-8.91%	-11.40%	+2.49%
Average Drawdown Average peak-to-trough decline	-1.74%	-5.47%	+3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	4.62%	-1.60%

Volatility

AEMS vs. TSMY - Volatility Comparison

The current volatility for Anfield Enhanced Market ETF (AEMS) is 12.31%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 14.42%. This indicates that AEMS experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEMS	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.31%	14.42%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	17.91%	26.93%	-9.02%
Volatility (1Y) Calculated over the trailing 1-year period	20.36%	32.61%	-12.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.01%	34.32%	-14.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.01%	34.32%	-14.31%

AEMS vs. TSMY - Expense Ratio Comparison

AEMS has a 1.21% expense ratio, which is higher than TSMY's 0.99% expense ratio.

Dividends

AEMS vs. TSMY - Dividend Comparison

AEMS's dividend yield for the trailing twelve months is around 447.11%, more than TSMY's 55.28% yield.

Position	TTM	2025	2024
AEMS Anfield Enhanced Market ETF	447.11%	7.53%	0.00%
TSMY YieldMax TSM Option Income Strategy ETF	55.28%	56.76%	13.71%

Frequently Asked Questions

Can I hold both AEMS and TSMY in my portfolio?

AEMS and TSMY have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AEMS or TSMY?

TSMY has higher volatility (14.42%) compared to AEMS (12.31%). In terms of maximum drawdown, AEMS dropped -11.37% vs TSMY's -31.15%.

Which ETF is better, AEMS or TSMY?

On 1-year performance, TSMY leads with 60.14% vs 27.34% for AEMS. On fees, TSMY is cheaper at 0.99% per year. On volatility, AEMS has been the lower-risk option at 12.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AEMS or TSMY?

Over the 1-year period, TSMY has performed better with a 60.14% return vs 27.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AEMS or TSMY?

TSMY is cheaper with a 0.99% expense ratio, compared with 1.21% for AEMS.

Which ETF pays a higher dividend yield, AEMS or TSMY?

AEMS has the higher dividend yield at 447.11%, compared with 55.28% for TSMY.

What is the main difference between AEMS and TSMY?

They also come from different issuers: Anfield and YieldMax. Their fees differ too: 1.21% for AEMS and 0.99% for TSMY.

Which has better risk-adjusted returns?

TSMY currently has the higher Sharpe Ratio (1.85 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.