AMDY vs. SNOY

Last updated Jun 13, 2026

AMDY (YieldMax AMD Option Income Strategy ETF) and SNOY (YieldMax SNOW Option Income Strategy ETF) are both exchange-traded funds - AMDY is a Options Trading fund actively managed by YieldMax, while SNOY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, AMDY returned 216.17% vs 10.37% for SNOY. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

AMDY vs. SNOY - Performance Comparison

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

Returns By Period

In the year-to-date period, AMDY achieves a 98.08% return, which is significantly higher than SNOY's 8.61% return.

AMDY

• 1D: 3.28%
• 1M: 10.41%
• YTD: 98.08%
• 6M: 102.15%
• 1Y: 216.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SNOY

• 1D: -2.49%
• 1M: 50.38%
• YTD: 8.61%
• 6M: 10.04%
• 1Y: 10.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDY vs. SNOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMDY YieldMax AMD Option Income Strategy ETF	98.08%	53.93%	-16.99%
SNOY YieldMax SNOW Option Income Strategy ETF	8.61%	30.66%	21.28%

Correlation

The correlation between AMDY and SNOY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 11, 2024	0.24

The correlation between AMDY and SNOY shifts across timeframes, from 0.13 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMDY vs. SNOY — Risk / Return Rank

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

AMDY

AMDY Risk / Return Rank: 93
AMDY Sharpe Ratio Rank: 97
AMDY Sortino Ratio Rank: 93
AMDY Omega Ratio Rank: 93
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 89

SNOY

SNOY Risk / Return Rank: 14
SNOY Sharpe Ratio Rank: 12
SNOY Sortino Ratio Rank: 17
SNOY Omega Ratio Rank: 18
SNOY Calmar Ratio Rank: 12
SNOY Martin Ratio Rank: 12

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. SNOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) and YieldMax SNOW Option Income Strategy ETF (SNOY). 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	SNOY	Difference
Sharpe ratio: Return per unit of total volatility	3.93	0.18	+3.75
Sortino ratio: Return per unit of downside risk	4.04	0.77	+3.27
Omega ratio: Gain probability vs. loss probability	1.57	1.10	+0.46
Calmar ratio: Return relative to maximum drawdown	7.89	0.20	+7.68
Martin ratio: Return relative to average drawdown	17.61	0.45	+17.16

AMDY vs. SNOY - Sharpe Ratio Comparison

The current AMDY Sharpe Ratio is 3.93, which is higher than the SNOY Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of AMDY and SNOY, 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. SNOY - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than SNOY's maximum drawdown of -50.90%. Use the drawdown chart below to compare losses from any high point for AMDY and SNOY.

Drawdown Indicators

	AMDY	SNOY	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	-50.90%	-3.02%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	-50.90%	+23.31%
Current Drawdown Current decline from peak	-5.89%	-11.86%	+5.97%
Average Drawdown Average peak-to-trough decline	-17.90%	-12.69%	-5.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.33%	23.02%	-10.69%

Volatility

AMDY vs. SNOY - Volatility Comparison

The current volatility for YieldMax AMD Option Income Strategy ETF (AMDY) is 20.06%, while YieldMax SNOW Option Income Strategy ETF (SNOY) has a volatility of 33.96%. This indicates that AMDY experiences smaller price fluctuations and is considered to be less risky than SNOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDY	SNOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.06%	33.96%	-13.90%
Volatility (6M) Calculated over the trailing 6-month period	42.82%	47.65%	-4.83%
Volatility (1Y) Calculated over the trailing 1-year period	55.33%	57.45%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.63%	51.88%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.63%	51.88%	-5.25%

AMDY vs. SNOY - Expense Ratio Comparison

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

Dividends

AMDY vs. SNOY - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 63.73%, less than SNOY's 70.30% yield.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	63.73%	80.68%	109.98%	6.68%
SNOY YieldMax SNOW Option Income Strategy ETF	70.30%	84.96%	33.32%	0.00%

Frequently Asked Questions

Can I hold both AMDY and SNOY in my portfolio?

AMDY and SNOY have a correlation of 0.13, 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 SNOY?

SNOY has higher volatility (33.96%) compared to AMDY (20.06%). In terms of maximum drawdown, AMDY dropped -53.92% vs SNOY's -50.90%.

Which ETF is better, AMDY or SNOY?

On 1-year performance, AMDY leads with 216.17% vs 10.37% for SNOY. Both ETFs have the same 0.99% expense ratio. On volatility, AMDY has been the lower-risk option at 20.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDY or SNOY?

Over the 1-year period, AMDY has performed better with a 216.17% return vs 10.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDY or SNOY?

AMDY and SNOY have the same expense ratio: 0.99% per year.

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

SNOY has the higher dividend yield at 70.30%, compared with 63.73% for AMDY.

What is the main difference between AMDY and SNOY?

AMDY is categorized as Options Trading, while SNOY is Derivative Income.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.93 vs 0.18), 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.