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AMDY vs. QQQY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AMDY and QQQY is 0.63, 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.

AMDY vs. QQQY

Last updated May 31, 2025

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

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMD Option Income Strategy ETF (AMDY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

AMDY:

-0.61

QQQY:

0.17

Sortino Ratio

AMDY:

-0.70

QQQY:

0.23

Omega Ratio

AMDY:

0.91

QQQY:

1.03

Calmar Ratio

AMDY:

-0.50

QQQY:

0.10

Martin Ratio

AMDY:

-1.06

QQQY:

0.28

Ulcer Index

AMDY:

25.31%

QQQY:

6.59%

Daily Std Dev

AMDY:

43.06%

QQQY:

17.86%

Max Drawdown

AMDY:

-53.92%

QQQY:

-19.05%

Current Drawdown

AMDY:

-37.95%

QQQY:

-5.89%

Returns By Period

In the year-to-date period, AMDY achieves a -8.62% return, which is significantly lower than QQQY's -1.07% return.

AMDY

YTD

-8.62%

1M

13.51%

6M

-17.51%

1Y

-25.96%

3Y*

N/A

5Y*

N/A

10Y*

N/A

QQQY

YTD

-1.07%

1M

8.04%

6M

-4.48%

1Y

3.10%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

YieldMax AMD Option Income Strategy ETF

Defiance Nasdaq 100 Enhanced Options Income ETF

AMDY vs. QQQY - Expense Ratio Comparison

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

AMDY
YieldMax AMD Option Income Strategy ETF
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

AMDY vs. QQQY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMDY
The Risk-Adjusted Performance Rank of AMDY is 33
Overall Rank
The Sharpe Ratio Rank of AMDY is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of AMDY is 33
Sortino Ratio Rank
The Omega Ratio Rank of AMDY is 33
Omega Ratio Rank
The Calmar Ratio Rank of AMDY is 22
Calmar Ratio Rank
The Martin Ratio Rank of AMDY is 44
Martin Ratio Rank
QQQY
The Risk-Adjusted Performance Rank of QQQY is 1919
Overall Rank
The Sharpe Ratio Rank of QQQY is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQY is 1717
Sortino Ratio Rank
The Omega Ratio Rank of QQQY is 1919
Omega Ratio Rank
The Calmar Ratio Rank of QQQY is 2121
Calmar Ratio Rank
The Martin Ratio Rank of QQQY is 1919
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current AMDY Sharpe Ratio is -0.61, which is lower than the QQQY Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of AMDY and QQQY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

AMDY vs. QQQY - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 97.59%, more than QQQY's 81.29% yield.

TTM20242023
AMDY
YieldMax AMD Option Income Strategy ETF		97.59%109.98%6.68%
QQQY
Defiance Nasdaq 100 Enhanced Options Income ETF		81.29%83.34%20.64%

Drawdowns

AMDY vs. QQQY - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for AMDY and QQQY.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

AMDY vs. QQQY - Volatility Comparison

YieldMax AMD Option Income Strategy ETF (AMDY) has a higher volatility of 7.92% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 2.99%. 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.

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