AMZY vs. IVVB
AMZY (YieldMax AMZN Option Income Strategy ETF) and IVVB (iShares Large Cap Deep Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, AMZY returned 14.23% vs 14.57% for IVVB. A 0.62 correlation means they provide meaningful diversification when combined. AMZY charges 0.99%/yr vs 0.50%/yr for IVVB.
Performance
AMZY vs. IVVB - Performance Comparison
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Returns By Period
In the year-to-date period, AMZY achieves a 3.56% return, which is significantly lower than IVVB's 4.57% return.
AMZY
- 1D
- -2.31%
- 1M
- -6.16%
- YTD
- 3.56%
- 6M
- 3.86%
- 1Y
- 14.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVB
- 1D
- -0.14%
- 1M
- 1.91%
- YTD
- 4.57%
- 6M
- 4.37%
- 1Y
- 14.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZY vs. IVVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 3.56% | 10.39% | 35.28% | 18.31% |
IVVB iShares Large Cap Deep Buffer ETF | 4.57% | 9.60% | 18.66% | 0.70% |
Correlation
The correlation between AMZY and IVVB is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2023 | 0.62 |
The correlation between AMZY and IVVB has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
AMZY vs. IVVB — Risk / Return Rank
AMZY
IVVB
AMZY vs. IVVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) and iShares Large Cap Deep Buffer ETF (IVVB). 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.
| AMZY | IVVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.39 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.55 | -1.82 |
| Martin ratioReturn relative to average drawdown | 1.81 | 10.94 | -9.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMZY | IVVB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 2.02 | -1.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.31 | -0.36 |
Drawdowns
AMZY vs. IVVB - Drawdown Comparison
The maximum AMZY drawdown since its inception was -23.70%, which is greater than IVVB's maximum drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for AMZY and IVVB.
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Drawdown Indicators
| AMZY | IVVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -13.08% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -5.75% | -13.86% |
Current DrawdownCurrent decline from peak | -7.53% | -0.15% | -7.38% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -1.61% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 1.34% | +6.54% |
Volatility
AMZY vs. IVVB - Volatility Comparison
YieldMax AMZN Option Income Strategy ETF (AMZY) has a higher volatility of 6.01% compared to iShares Large Cap Deep Buffer ETF (IVVB) at 0.74%. This indicates that AMZY's price experiences larger fluctuations and is considered to be riskier than IVVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZY | IVVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 0.74% | +5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 5.49% | +10.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 7.27% | +16.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.06% | 9.28% | +15.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 9.28% | +15.78% |
AMZY vs. IVVB - Expense Ratio Comparison
AMZY has a 0.99% expense ratio, which is higher than IVVB's 0.50% expense ratio.
Dividends
AMZY vs. IVVB - Dividend Comparison
AMZY's dividend yield for the trailing twelve months is around 57.72%, more than IVVB's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 57.72% | 52.59% | 47.91% | 9.90% |
IVVB iShares Large Cap Deep Buffer ETF | 1.17% | 1.22% | 0.87% | 0.00% |
Frequently Asked Questions
AMZY and IVVB have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZY has higher volatility (6.01%) compared to IVVB (0.74%). In terms of maximum drawdown, AMZY dropped -23.70% vs IVVB's -13.08%.
On 1-year performance, IVVB leads with 14.57% vs 14.23% for AMZY. On fees, IVVB is cheaper at 0.50% per year. On volatility, IVVB has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVB has performed better with a 14.57% return vs 14.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVB is cheaper with a 0.50% expense ratio, compared with 0.99% for AMZY.
AMZY has the higher dividend yield at 57.72%, compared with 1.17% for IVVB.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for AMZY and 0.50% for IVVB.
IVVB currently has the higher Sharpe Ratio (2.02 vs 0.61), 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.
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