Correlation
The correlation between AIPI and YMAG is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
AIPI vs. YMAG
Compare and contrast key facts about REX AI Equity Premium Income ETF (AIPI) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG).
AIPI and YMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIPI is an actively managed fund by REX. It was launched on Jun 3, 2024. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIPI or YMAG.
Performance
AIPI vs. YMAG - Performance Comparison
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Key characteristics
AIPI:
26.17%
YMAG:
25.59%
AIPI:
-25.25%
YMAG:
-25.96%
AIPI:
-11.35%
YMAG:
-7.71%
Returns By Period
In the year-to-date period, AIPI achieves a -5.60% return, which is significantly lower than YMAG's -3.57% return.
AIPI
-5.60%
3.06%
-5.41%
N/A
N/A
N/A
N/A
YMAG
-3.57%
10.97%
0.09%
14.59%
N/A
N/A
N/A
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AIPI vs. YMAG - Expense Ratio Comparison
AIPI has a 0.65% expense ratio, which is lower than YMAG's 1.28% expense ratio.
Risk-Adjusted Performance
AIPI vs. YMAG — Risk-Adjusted Performance Rank
AIPI
YMAG
AIPI vs. YMAG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for REX AI Equity Premium Income ETF (AIPI) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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.
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Dividends
AIPI vs. YMAG - Dividend Comparison
AIPI's dividend yield for the trailing twelve months is around 34.23%, less than YMAG's 47.16% yield.
| TTM | 2024 | |
|---|---|---|
AIPI REX AI Equity Premium Income ETF | 34.23% | 18.13% |
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs | 47.16% | 35.22% |
Drawdowns
AIPI vs. YMAG - Drawdown Comparison
The maximum AIPI drawdown since its inception was -25.25%, roughly equal to the maximum YMAG drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for AIPI and YMAG.
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Volatility
AIPI vs. YMAG - Volatility Comparison
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