AMDY vs. MSFO

Last updated Jun 24, 2026

AMDY (YieldMax AMD Option Income Strategy ETF) and MSFO (YieldMax MSFT Option Income Strategy ETF ) are both exchange-traded funds - AMDY is a Derivative Income fund actively managed by YieldMax ETFs, while MSFO is a Options Trading fund actively managed by YieldMax. Both are actively managed. Over the past year, AMDY returned 203.83% vs -18.05% for MSFO. At a 0.38 correlation, their price movements are largely independent. AMDY charges 1.23%/yr vs 0.99%/yr for MSFO.

Performance

AMDY vs. MSFO - Performance Comparison

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

Returns By Period

In the year-to-date period, AMDY achieves a 101.34% return, which is significantly higher than MSFO's -18.98% return.

AMDY

• 1D: -4.73%
• 1M: 8.37%
• YTD: 101.34%
• 6M: 101.99%
• 1Y: 203.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFO

• 1D: 1.83%
• 1M: -10.24%
• YTD: -18.98%
• 6M: -19.24%
• 1Y: -18.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDY vs. MSFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	101.34%	53.93%	-17.00%	25.92%
MSFO YieldMax MSFT Option Income Strategy ETF	-18.98%	15.69%	10.34%	15.80%

Correlation

The correlation between AMDY and MSFO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.38

The correlation between AMDY and MSFO shifts across timeframes, from 0.23 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMDY vs. MSFO — Risk / Return Rank

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

AMDY

AMDY Risk / Return Rank: 90
AMDY Sharpe Ratio Rank: 95
AMDY Sortino Ratio Rank: 88
AMDY Omega Ratio Rank: 88
AMDY Calmar Ratio Rank: 95
AMDY Martin Ratio Rank: 84

MSFO

MSFO Risk / Return Rank: 3
MSFO Sharpe Ratio Rank: 3
MSFO Sortino Ratio Rank: 3
MSFO Omega Ratio Rank: 3
MSFO Calmar Ratio Rank: 4
MSFO Martin Ratio Rank: 2

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. MSFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) and YieldMax MSFT Option Income Strategy ETF (MSFO). 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	MSFO	Difference
Sharpe ratio: Return per unit of total volatility	3.65	-0.81	+4.46
Sortino ratio: Return per unit of downside risk	3.82	-1.01	+4.84
Omega ratio: Gain probability vs. loss probability	1.53	0.87	+0.66
Calmar ratio: Return relative to maximum drawdown	7.44	-0.62	+8.05
Martin ratio: Return relative to average drawdown	16.58	-1.28	+17.86

AMDY vs. MSFO - Sharpe Ratio Comparison

The current AMDY Sharpe Ratio is 3.65, which is higher than the MSFO Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of AMDY and MSFO, 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

AMDY vs. MSFO - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than MSFO's maximum drawdown of -29.29%. Use the drawdown chart below to compare losses from any high point for AMDY and MSFO.

Drawdown Indicators

	AMDY	MSFO	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	-29.29%	-24.63%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	-29.29%	+1.70%
Current Drawdown Current decline from peak	-4.73%	-25.76%	+21.03%
Average Drawdown Average peak-to-trough decline	-17.78%	-6.84%	-10.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.35%	14.12%	-1.77%

Volatility

AMDY vs. MSFO - Volatility Comparison

YieldMax AMD Option Income Strategy ETF (AMDY) has a higher volatility of 21.35% compared to YieldMax MSFT Option Income Strategy ETF (MSFO) at 9.49%. This indicates that AMDY's price experiences larger fluctuations and is considered to be riskier than MSFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDY	MSFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.35%	9.49%	+11.86%
Volatility (6M) Calculated over the trailing 6-month period	43.63%	19.90%	+23.73%
Volatility (1Y) Calculated over the trailing 1-year period	56.19%	22.40%	+33.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.93%	19.97%	+26.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.93%	19.97%	+26.96%

AMDY vs. MSFO - Expense Ratio Comparison

AMDY has a 1.23% expense ratio, which is higher than MSFO's 0.99% expense ratio.

Dividends

AMDY vs. MSFO - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 65.88%, more than MSFO's 46.39% yield.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	65.88%	80.68%	109.98%	6.68%
MSFO YieldMax MSFT Option Income Strategy ETF	46.39%	33.91%	35.15%	6.44%

Frequently Asked Questions

Can I hold both AMDY and MSFO in my portfolio?

AMDY and MSFO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDY or MSFO?

AMDY has higher volatility (21.35%) compared to MSFO (9.49%). In terms of maximum drawdown, AMDY dropped -53.92% vs MSFO's -29.29%.

Which ETF is better, AMDY or MSFO?

On 1-year performance, AMDY leads with 203.83% vs -18.05% for MSFO. On fees, MSFO is cheaper at 0.99% per year. On volatility, MSFO has been the lower-risk option at 9.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDY or MSFO?

Over the 1-year period, AMDY has performed better with a 203.83% return vs -18.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDY or MSFO?

MSFO is cheaper with a 0.99% expense ratio, compared with 1.23% for AMDY.

Which ETF pays a higher dividend yield, AMDY or MSFO?

AMDY has the higher dividend yield at 65.88%, compared with 46.39% for MSFO.

What is the main difference between AMDY and MSFO?

AMDY is categorized as Derivative Income, while MSFO is Options Trading. They also come from different issuers: YieldMax ETFs and YieldMax. Their fees differ too: 1.23% for AMDY and 0.99% for MSFO.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.65 vs -0.81), 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.