AMZY vs. XRMI
Compare and contrast key facts about YieldMax AMZN Option Income Strategy ETF (AMZY) and Global X S&P 500 Risk Managed Income ETF (XRMI).
AMZY and XRMI 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. XRMI is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Risk Managed Income Index. It was launched on Aug 25, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZY or XRMI.
Performance
AMZY vs. XRMI - Performance Comparison
Returns By Period
In the year-to-date period, AMZY achieves a 30.02% return, which is significantly higher than XRMI's 12.01% return.
AMZY
30.02%
6.23%
4.22%
35.94%
N/A
N/A
XRMI
12.01%
0.80%
7.51%
14.04%
N/A
N/A
Key characteristics
| AMZY | XRMI | |
|---|---|---|
| Sharpe Ratio | 1.58 | 2.62 |
| Sortino Ratio | 2.19 | 3.80 |
| Omega Ratio | 1.30 | 1.54 |
| Calmar Ratio | 2.17 | 1.18 |
| Martin Ratio | 7.07 | 17.53 |
| Ulcer Index | 5.05% | 0.82% |
| Daily Std Dev | 22.64% | 5.51% |
| Max Drawdown | -16.41% | -15.29% |
| Current Drawdown | -4.24% | -0.51% |
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AMZY vs. XRMI - Expense Ratio Comparison
AMZY has a 0.99% expense ratio, which is higher than XRMI's 0.60% expense ratio.
Correlation
The correlation between AMZY and XRMI is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AMZY vs. XRMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) and Global X S&P 500 Risk Managed Income ETF (XRMI). 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. XRMI - Dividend Comparison
AMZY's dividend yield for the trailing twelve months is around 37.08%, more than XRMI's 12.05% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 37.08% | 9.90% | 0.00% | 0.00% |
XRMI Global X S&P 500 Risk Managed Income ETF | 12.05% | 12.61% | 12.85% | 2.94% |
Drawdowns
AMZY vs. XRMI - Drawdown Comparison
The maximum AMZY drawdown since its inception was -16.41%, which is greater than XRMI's maximum drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for AMZY and XRMI. For additional features, visit the drawdowns tool.
Volatility
AMZY vs. XRMI - Volatility Comparison
YieldMax AMZN Option Income Strategy ETF (AMZY) has a higher volatility of 9.31% compared to Global X S&P 500 Risk Managed Income ETF (XRMI) at 1.92%. This indicates that AMZY's price experiences larger fluctuations and is considered to be riskier than XRMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.