AMDY vs. ETV
AMDY (YieldMax AMD Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax, while ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) is a stock. Over the past year, AMDY returned 218.08% vs 21.04% for ETV. At a 0.48 correlation, their price movements are largely independent.
Performance
AMDY vs. ETV - Performance Comparison
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Returns By Period
In the year-to-date period, AMDY achieves a 107.12% return, which is significantly higher than ETV's 8.19% return.
AMDY
- 1D
- 3.87%
- 1M
- 14.85%
- YTD
- 107.12%
- 6M
- 109.15%
- 1Y
- 218.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETV
- 1D
- 1.29%
- 1M
- 2.81%
- YTD
- 8.19%
- 6M
- 8.26%
- 1Y
- 21.04%
- 3Y*
- 15.54%
- 5Y*
- 7.27%
- 10Y*
- 9.42%
AMDY vs. ETV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AMDY YieldMax AMD Option Income Strategy ETF | 107.12% | 53.93% | -17.00% | 25.92% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.19% | 8.63% | 27.67% | 2.66% |
Correlation
The correlation between AMDY and ETV is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023 | 0.48 |
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Return for Risk
AMDY vs. ETV — Risk / Return Rank
AMDY
ETV
AMDY vs. ETV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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.
| AMDY | ETV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.30 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 7.96 | 2.04 | +5.91 |
| Martin ratioReturn relative to average drawdown | 17.75 | 10.40 | +7.35 |
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Drawdowns
AMDY vs. ETV - Drawdown Comparison
The maximum AMDY drawdown since its inception was -53.92%, roughly equal to the maximum ETV drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for AMDY and ETV.
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Drawdown Indicators
| AMDY | ETV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.92% | -52.11% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -27.59% | -10.34% | -17.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.39% | — |
Current DrawdownCurrent decline from peak | -1.92% | 0.00% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -17.82% | -5.57% | -12.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.34% | 2.03% | +10.31% |
Volatility
AMDY vs. ETV - Volatility Comparison
YieldMax AMD Option Income Strategy ETF (AMDY) has a higher volatility of 21.43% compared to Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) at 3.62%. This indicates that AMDY's price experiences larger fluctuations and is considered to be riskier than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDY | ETV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 3.62% | +17.81% |
Volatility (6M)Calculated over the trailing 6-month period | 43.65% | 10.25% | +33.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.92% | 12.46% | +43.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.89% | 16.90% | +29.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.89% | 19.29% | +27.60% |
Dividends
AMDY vs. ETV - Dividend Comparison
AMDY's dividend yield for the trailing twelve months is around 64.04%, more than ETV's 7.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDY YieldMax AMD Option Income Strategy ETF | 64.04% | 80.68% | 109.98% | 6.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 7.99% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
Frequently Asked Questions
AMDY and ETV have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDY has higher volatility (21.43%) compared to ETV (3.62%). In terms of maximum drawdown, AMDY dropped -53.92% vs ETV's -52.11%.
AMDY currently has the higher Sharpe Ratio (3.93 vs 1.70), 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.
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