AMDY vs. QQQY

Last updated Apr 2, 2026

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. It was launched on Sep 13, 2023.

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.

AMDY vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	-4.00%	53.93%	-17.00%	26.24%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	-4.82%	14.96%	7.70%	8.75%

Returns By Period

In the year-to-date period, AMDY achieves a -4.00% return, which is significantly higher than QQQY's -4.82% return.

AMDY

• 1D: 2.37%
• 1M: 8.22%
• YTD: -4.00%
• 6M: 19.89%
• 1Y: 68.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: 1.19%
• 1M: -3.30%
• YTD: -4.82%
• 6M: -3.93%
• 1Y: 14.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

Return for Risk

AMDY vs. QQQY — Risk / Return Rank

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

AMDY

AMDY Risk / Return Rank: 71
AMDY Sharpe Ratio Rank: 71
AMDY Sortino Ratio Rank: 75
AMDY Omega Ratio Rank: 72
AMDY Calmar Ratio Rank: 83
AMDY Martin Ratio Rank: 54

QQQY

QQQY Risk / Return Rank: 47
QQQY Sharpe Ratio Rank: 48
QQQY Sortino Ratio Rank: 39
QQQY Omega Ratio Rank: 45
QQQY Calmar Ratio Rank: 54
QQQY Martin Ratio Rank: 48

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. QQQY - Risk-Adjusted Trends 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.

	AMDY	QQQY	Difference
Sharpe ratio Return per unit of total volatility	1.31	0.91	+0.40
Sortino ratio Return per unit of downside risk	1.96	1.16	+0.80
Omega ratio Gain probability vs. loss probability	1.28	1.18	+0.09
Calmar ratio Return relative to maximum drawdown	2.50	1.44	+1.06
Martin ratio Return relative to average drawdown	5.49	4.79	+0.70
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. QQQY - Sharpe Ratio Comparison

The current AMDY Sharpe Ratio is 1.31, which is higher than the QQQY Sharpe Ratio of 0.91. 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.

Sharpe Ratios by Period

	AMDY	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	0.91	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.66	-0.23

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.

Dividends

AMDY vs. QQQY - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 94.96%, more than QQQY's 44.97% yield.

	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	94.96%	80.68%	109.98%	6.68%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	44.97%	45.34%	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.

Drawdown Indicators

	AMDY	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	-19.05%	-34.87%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	-11.30%	-16.29%
Current Drawdown Current decline from peak	-18.55%	-7.05%	-11.50%
Average Drawdown Average peak-to-trough decline	-19.00%	-3.04%	-15.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.58%	3.40%	+9.18%

Volatility

AMDY vs. QQQY - Volatility Comparison

YieldMax AMD Option Income Strategy ETF (AMDY) has a higher volatility of 11.82% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 6.38%. 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.

Volatility by Period

	AMDY	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.82%	6.38%	+5.44%
Volatility (6M) Calculated over the trailing 6-month period	40.68%	11.21%	+29.47%
Volatility (1Y) Calculated over the trailing 1-year period	52.27%	16.45%	+35.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.79%	14.68%	+29.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.79%	14.68%	+29.11%