AMDY vs. FBY

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax AMD Option Income Strategy ETF (AMDY) and YieldMax META Option Income ETF (FBY).

AMDY and FBY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMDY is an actively managed fund by YieldMax. It was launched on Sep 18, 2023. FBY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023.

Performance

AMDY vs. FBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMD Option Income Strategy ETF (AMDY) and YieldMax META Option Income ETF (FBY). The values are adjusted to include any dividend payments, if applicable.

AMDY vs. FBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	-6.22%	53.93%	-17.00%	26.24%
FBY YieldMax META Option Income ETF	-12.51%	1.98%	44.42%	19.56%

Returns By Period

In the year-to-date period, AMDY achieves a -6.22% return, which is significantly higher than FBY's -12.51% return.

AMDY

• 1D: 3.20%
• 1M: 5.17%
• YTD: -6.22%
• 6M: 18.64%
• 1Y: 65.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBY

• 1D: 4.34%
• 1M: -10.82%
• YTD: -12.51%
• 6M: -21.11%
• 1Y: -6.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDY vs. FBY - Expense Ratio Comparison

Both AMDY and FBY have an expense ratio of 0.99%.

AMDY

YieldMax AMD Option Income Strategy ETF

FBY

YieldMax META Option Income ETF

Return for Risk

AMDY vs. FBY — Risk / Return Rank

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

AMDY

AMDY Risk / Return Rank: 73
AMDY Sharpe Ratio Rank: 73
AMDY Sortino Ratio Rank: 77
AMDY Omega Ratio Rank: 75
AMDY Calmar Ratio Rank: 84
AMDY Martin Ratio Rank: 56

FBY

FBY Risk / Return Rank: 9
FBY Sharpe Ratio Rank: 9
FBY Sortino Ratio Rank: 9
FBY Omega Ratio Rank: 9
FBY Calmar Ratio Rank: 9
FBY Martin Ratio Rank: 8

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.

AMDY vs. FBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) and YieldMax META Option Income ETF (FBY). 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.

	AMDY	FBY	Difference
Sharpe ratio Return per unit of total volatility	1.25	-0.19	+1.44
Sortino ratio Return per unit of downside risk	1.91	-0.04	+1.95
Omega ratio Gain probability vs. loss probability	1.27	0.99	+0.27
Calmar ratio Return relative to maximum drawdown	2.35	-0.21	+2.55
Martin ratio Return relative to average drawdown	5.17	-0.55	+5.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMDY vs. FBY - Sharpe Ratio Comparison

The current AMDY Sharpe Ratio is 1.25, which is higher than the FBY Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of AMDY and FBY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMDY	FBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	-0.19	+1.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.57	-0.16

Correlation

The correlation between AMDY and FBY is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AMDY vs. FBY - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 97.21%, more than FBY's 58.87% yield.

	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	97.21%	80.68%	109.98%	6.68%
FBY YieldMax META Option Income ETF	58.87%	55.43%	53.89%	8.31%

Drawdowns

AMDY vs. FBY - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than FBY's maximum drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for AMDY and FBY.

Drawdown Indicators

	AMDY	FBY	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	-31.53%	-22.39%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	-29.50%	+1.91%
Current Drawdown Current decline from peak	-20.43%	-24.81%	+4.38%
Average Drawdown Average peak-to-trough decline	-19.00%	-7.09%	-11.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.53%	11.21%	+1.32%

Volatility

AMDY vs. FBY - Volatility Comparison

YieldMax AMD Option Income Strategy ETF (AMDY) and YieldMax META Option Income ETF (FBY) have volatilities of 12.25% and 11.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDY	FBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.25%	11.85%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	40.62%	22.62%	+18.00%
Volatility (1Y) Calculated over the trailing 1-year period	52.23%	32.41%	+19.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.80%	28.40%	+15.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.80%	28.40%	+15.40%