AMZY vs. CONY
Compare and contrast key facts about YieldMax AMZN Option Income Strategy ETF (AMZY) and YieldMax COIN Option Income Strategy ETF (CONY).
AMZY and CONY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZY is an actively managed fund by YieldMax. It was launched on Jul 24, 2023. CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZY or CONY.
Performance
AMZY vs. CONY - Performance Comparison
Returns By Period
In the year-to-date period, AMZY achieves a 29.38% return, which is significantly lower than CONY's 42.04% return.
AMZY
29.38%
5.65%
3.43%
35.79%
N/A
N/A
CONY
42.04%
27.25%
23.42%
95.73%
N/A
N/A
Key characteristics
| AMZY | CONY | |
|---|---|---|
| Sharpe Ratio | 1.62 | 1.53 |
| Sortino Ratio | 2.24 | 2.21 |
| Omega Ratio | 1.31 | 1.27 |
| Calmar Ratio | 2.24 | 2.62 |
| Martin Ratio | 7.30 | 6.06 |
| Ulcer Index | 5.02% | 16.27% |
| Daily Std Dev | 22.60% | 64.37% |
| Max Drawdown | -16.41% | -37.72% |
| Current Drawdown | -4.72% | -6.66% |
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AMZY vs. CONY - Expense Ratio Comparison
Both AMZY and CONY have an expense ratio of 0.99%.
Correlation
The correlation between AMZY and CONY is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
AMZY vs. CONY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) and YieldMax COIN Option Income Strategy ETF (CONY). 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
AMZY vs. CONY - Dividend Comparison
AMZY's dividend yield for the trailing twelve months is around 37.27%, less than CONY's 131.74% yield.
| TTM | 2023 | |
|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 37.27% | 9.90% |
CONY YieldMax COIN Option Income Strategy ETF | 131.74% | 16.43% |
Drawdowns
AMZY vs. CONY - Drawdown Comparison
The maximum AMZY drawdown since its inception was -16.41%, smaller than the maximum CONY drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for AMZY and CONY. For additional features, visit the drawdowns tool.
Volatility
AMZY vs. CONY - Volatility Comparison
The current volatility for YieldMax AMZN Option Income Strategy ETF (AMZY) is 9.20%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 33.26%. This indicates that AMZY experiences smaller price fluctuations and is considered to be less risky than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.