AMDY vs. QQQY
Compare and contrast key facts about YieldMax AMD Option Income Strategy ETF (AMDY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
AMDY and QQQY 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. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMDY or QQQY.
Performance
AMDY vs. QQQY - Performance Comparison
Returns By Period
In the year-to-date period, AMDY achieves a -8.07% return, which is significantly lower than QQQY's 10.66% return.
AMDY
-8.07%
-7.43%
-8.51%
7.20%
N/A
N/A
QQQY
10.66%
-0.54%
5.56%
17.05%
N/A
N/A
Key characteristics
| AMDY | QQQY | |
|---|---|---|
| Sharpe Ratio | 0.19 | 1.46 |
| Sortino Ratio | 0.51 | 1.73 |
| Omega Ratio | 1.07 | 1.26 |
| Calmar Ratio | 0.23 | 1.72 |
| Martin Ratio | 0.45 | 6.11 |
| Ulcer Index | 16.70% | 2.83% |
| Daily Std Dev | 38.70% | 11.86% |
| Max Drawdown | -32.05% | -10.07% |
| Current Drawdown | -24.78% | -2.25% |
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AMDY vs. QQQY - Expense Ratio Comparison
Both AMDY and QQQY have an expense ratio of 0.99%.
Correlation
The correlation between AMDY and QQQY is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AMDY vs. QQQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.
Dividends
AMDY vs. QQQY - Dividend Comparison
AMDY's dividend yield for the trailing twelve months is around 97.72%, more than QQQY's 86.90% yield.
| TTM | 2023 | |
|---|---|---|
AMDY YieldMax AMD Option Income Strategy ETF | 97.72% | 6.68% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 86.90% | 20.64% |
Drawdowns
AMDY vs. QQQY - Drawdown Comparison
The maximum AMDY drawdown since its inception was -32.05%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for AMDY and QQQY. For additional features, visit the drawdowns tool.
Volatility
AMDY vs. QQQY - Volatility Comparison
YieldMax AMD Option Income Strategy ETF (AMDY) has a higher volatility of 11.50% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.33%. This indicates that AMDY's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.