AMZY vs. TLTW
Compare and contrast key facts about YieldMax AMZN Option Income Strategy ETF (AMZY) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
AMZY and TLTW 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 Tidal. It was launched on Jul 24, 2023. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZY or TLTW.
Key characteristics
| AMZY | TLTW | |
|---|---|---|
| YTD Return | 25.63% | -3.12% |
| Daily Std Dev | 24.97% | 12.43% |
| Max Drawdown | -12.25% | -18.60% |
| Current Drawdown | -0.30% | -13.98% |
Correlation
The correlation between AMZY and TLTW is 0.13, 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.
Performance
AMZY vs. TLTW - Performance Comparison
In the year-to-date period, AMZY achieves a 25.63% return, which is significantly higher than TLTW's -3.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMZY vs. TLTW - Expense Ratio Comparison
AMZY has a 0.99% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Risk-Adjusted Performance
AMZY vs. TLTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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.
Not enough dataDividends
AMZY vs. TLTW - Dividend Comparison
AMZY's dividend yield for the trailing twelve months is around 23.66%, more than TLTW's 17.27% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 23.66% | 9.90% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 17.27% | 19.59% | 8.71% |
Drawdowns
AMZY vs. TLTW - Drawdown Comparison
The maximum AMZY drawdown since its inception was -12.25%, smaller than the maximum TLTW drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for AMZY and TLTW. For additional features, visit the drawdowns tool.
Volatility
AMZY vs. TLTW - Volatility Comparison
YieldMax AMZN Option Income Strategy ETF (AMZY) has a higher volatility of 7.55% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 2.25%. This indicates that AMZY's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.