AMZN.TO vs. AMZY

Last updated Jun 4, 2026

AMZN.TO (Amazon.com CDR (CAD Hedged)) is a stock, while AMZY (YieldMax AMZN Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax. Over the past year, AMZN.TO returned 18.64% vs 15.70% for AMZY. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

AMZN.TO vs. AMZY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Amazon.com CDR (CAD Hedged) (AMZN.TO) and YieldMax AMZN Option Income Strategy ETF (AMZY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AMZN.TO is traded in CAD, while AMZY is traded in USD. To make them comparable, the AMZY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AMZN.TO achieves a 7.31% return, which is significantly higher than AMZY's 4.88% return.

AMZN.TO

• 1D: -2.77%
• 1M: -8.08%
• YTD: 7.31%
• 6M: 6.48%
• 1Y: 18.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZY

• 1D: -1.91%
• 1M: -4.28%
• YTD: 4.88%
• 6M: 3.46%
• 1Y: 15.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZN.TO vs. AMZY - Yearly Performance Comparison

	2026 (YTD)	2025
AMZN.TO Amazon.com CDR (CAD Hedged)	7.31%	-4.32%
AMZY YieldMax AMZN Option Income Strategy ETF	4.88%	-1.06%

Correlation

The correlation between AMZN.TO and AMZY is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.93

The correlation between AMZN.TO and AMZY has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

AMZN.TO vs. AMZY — Risk / Return Rank

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

AMZN.TO

AMZN.TO Risk / Return Rank: 57
AMZN.TO Sharpe Ratio Rank: 61
AMZN.TO Sortino Ratio Rank: 55
AMZN.TO Omega Ratio Rank: 54
AMZN.TO Calmar Ratio Rank: 58
AMZN.TO Martin Ratio Rank: 59

AMZY

AMZY Risk / Return Rank: 18
AMZY Sharpe Ratio Rank: 18
AMZY Sortino Ratio Rank: 18
AMZY Omega Ratio Rank: 19
AMZY Calmar Ratio Rank: 18
AMZY Martin Ratio Rank: 17

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.

AMZN.TO vs. AMZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amazon.com CDR (CAD Hedged) (AMZN.TO) and YieldMax AMZN Option Income Strategy ETF (AMZY). 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.

	AMZN.TO	AMZY	Difference
Sharpe ratio Return per unit of total volatility	0.64	0.66	-0.03
Sortino ratio Return per unit of downside risk	1.08	1.01	+0.06
Omega ratio Gain probability vs. loss probability	1.13	1.14	-0.01
Calmar ratio Return relative to maximum drawdown	0.85	0.71	+0.13
Martin ratio Return relative to average drawdown	2.01	1.76	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZN.TO vs. AMZY - Sharpe Ratio Comparison

The current AMZN.TO Sharpe Ratio is 0.64, which is comparable to the AMZY Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of AMZN.TO and AMZY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMZN.TO	AMZY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	0.66	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	1.04	-0.97

Drawdowns

AMZN.TO vs. AMZY - Drawdown Comparison

The maximum AMZN.TO drawdown since its inception was -30.30%, which is greater than AMZY's maximum drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for AMZN.TO and AMZY.

Drawdown Indicators

	AMZN.TO	AMZY	Difference
Max Drawdown Largest peak-to-trough decline	-30.30%	-26.30%	-4.00%
Max Drawdown (1Y) Largest decline over 1 year	-22.10%	-22.14%	+0.04%
Current Drawdown Current decline from peak	-9.07%	-7.18%	-1.89%
Average Drawdown Average peak-to-trough decline	-10.71%	-5.89%	-4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.30%	8.92%	+0.38%

Volatility

AMZN.TO vs. AMZY - Volatility Comparison

Amazon.com CDR (CAD Hedged) (AMZN.TO) has a higher volatility of 7.41% compared to YieldMax AMZN Option Income Strategy ETF (AMZY) at 5.90%. This indicates that AMZN.TO's price experiences larger fluctuations and is considered to be riskier than AMZY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZN.TO	AMZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	5.90%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	19.99%	16.05%	+3.94%
Volatility (1Y) Calculated over the trailing 1-year period	29.36%	23.78%	+5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.28%	25.12%	+8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.28%	25.12%	+8.16%

Dividends

AMZN.TO vs. AMZY - Dividend Comparison

AMZN.TO has not paid dividends to shareholders, while AMZY's dividend yield for the trailing twelve months is around 57.72%.

Position	TTM	2025	2024	2023
AMZN.TO Amazon.com CDR (CAD Hedged)	0.00%	0.00%	0.00%	0.00%
AMZY YieldMax AMZN Option Income Strategy ETF	57.72%	52.59%	47.91%	9.90%

Frequently Asked Questions

Can I hold both AMZN.TO and AMZY in my portfolio?

With a correlation of 0.91, AMZN.TO and AMZY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.