AMZY vs. UMI
AMZY (YieldMax AMZN Option Income Strategy ETF) and UMI (USCF Midstream Energy Income Fund ETF) are both exchange-traded funds - AMZY is a Options Trading fund actively managed by YieldMax, while UMI is a Energy Equities fund actively managed by Wainwright, Inc.. Both are actively managed. Over the past year, AMZY returned 14.86% vs 27.12% for UMI. At a 0.06 correlation, their price movements are largely independent. AMZY charges 0.99%/yr vs 0.85%/yr for UMI.
Performance
AMZY vs. UMI - Performance Comparison
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Returns By Period
In the year-to-date period, AMZY achieves a 4.65% return, which is significantly lower than UMI's 24.04% return.
AMZY
- 1D
- 1.05%
- 1M
- -5.54%
- YTD
- 4.65%
- 6M
- 5.86%
- 1Y
- 14.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMI
- 1D
- 1.24%
- 1M
- 0.83%
- YTD
- 24.04%
- 6M
- 22.07%
- 1Y
- 27.12%
- 3Y*
- 27.84%
- 5Y*
- 20.58%
- 10Y*
- —
AMZY vs. UMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 4.65% | 10.39% | 35.28% | 18.31% |
UMI USCF Midstream Energy Income Fund ETF | 24.04% | 5.11% | 42.97% | 5.08% |
Correlation
The correlation between AMZY and UMI is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2023 | 0.06 |
The correlation between AMZY and UMI shifts across timeframes, from -0.18 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMZY vs. UMI — Risk / Return Rank
AMZY
UMI
AMZY vs. UMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) and USCF Midstream Energy Income Fund ETF (UMI). 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 | UMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.34 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.63 | -2.87 |
| Martin ratioReturn relative to average drawdown | 1.89 | 10.06 | -8.17 |
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 | UMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.95 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.63 | +0.33 |
Drawdowns
AMZY vs. UMI - Drawdown Comparison
The maximum AMZY drawdown since its inception was -23.70%, smaller than the maximum UMI drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for AMZY and UMI.
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Drawdown Indicators
| AMZY | UMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -48.08% | +24.38% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -7.50% | -12.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.05% | — |
Current DrawdownCurrent decline from peak | -6.56% | -3.58% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -6.60% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 2.70% | +5.19% |
Volatility
AMZY vs. UMI - Volatility Comparison
YieldMax AMZN Option Income Strategy ETF (AMZY) and USCF Midstream Energy Income Fund ETF (UMI) have volatilities of 6.13% and 6.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZY | UMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 6.04% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 10.94% | +5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.61% | 14.06% | +9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.05% | 19.54% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.05% | 23.19% | +1.86% |
AMZY vs. UMI - Expense Ratio Comparison
AMZY has a 0.99% expense ratio, which is higher than UMI's 0.85% expense ratio.
Dividends
AMZY vs. UMI - Dividend Comparison
AMZY's dividend yield for the trailing twelve months is around 58.07%, more than UMI's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 58.07% | 52.59% | 47.91% | 9.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UMI USCF Midstream Energy Income Fund ETF | 5.91% | 6.23% | 4.39% | 4.67% | 4.36% | 3.00% | 2.18% | 2.47% | 2.48% | 0.15% |
Frequently Asked Questions
AMZY and UMI have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZY has higher volatility (6.13%) compared to UMI (6.04%). In terms of maximum drawdown, AMZY dropped -23.70% vs UMI's -48.08%.
On 1-year performance, UMI leads with 27.12% vs 14.86% for AMZY. On fees, UMI is cheaper at 0.85% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UMI has performed better with a 27.12% return vs 14.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UMI is cheaper with a 0.85% expense ratio, compared with 0.99% for AMZY.
AMZY has the higher dividend yield at 58.07%, compared with 5.91% for UMI.
AMZY is categorized as Options Trading, while UMI is Energy Equities. They also come from different issuers: YieldMax and Wainwright, Inc.. Their fees differ too: 0.99% for AMZY and 0.85% for UMI.
UMI currently has the higher Sharpe Ratio (1.95 vs 0.63), 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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