AMZZ vs. AMZY
Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and YieldMax AMZN Option Income Strategy ETF (AMZY).
AMZZ and AMZY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. AMZY is an actively managed fund by YieldMax. It was launched on Jul 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZZ or AMZY.
Correlation
The correlation between AMZZ and AMZY is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMZZ vs. AMZY - Performance Comparison
Key characteristics
AMZZ:
55.88%
AMZY:
23.34%
AMZZ:
-37.35%
AMZY:
-16.41%
AMZZ:
-13.45%
AMZY:
-5.01%
Returns By Period
In the year-to-date period, AMZZ achieves a -1.88% return, which is significantly lower than AMZY's -0.43% return.
AMZZ
-1.88%
-9.33%
16.17%
N/A
N/A
N/A
AMZY
-0.43%
-3.18%
6.86%
35.76%
N/A
N/A
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AMZZ vs. AMZY - Expense Ratio Comparison
AMZZ has a 1.15% expense ratio, which is higher than AMZY's 0.99% expense ratio.
Risk-Adjusted Performance
AMZZ vs. AMZY — Risk-Adjusted Performance Rank
AMZZ
AMZY
AMZZ vs. AMZY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and YieldMax AMZN Option Income Strategy ETF (AMZY). 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
AMZZ vs. AMZY - Dividend Comparison
AMZZ has not paid dividends to shareholders, while AMZY's dividend yield for the trailing twelve months is around 46.15%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
AMZZ GraniteShares 2x Long AMZN Daily ETF | 0.00% | 0.00% | 0.00% |
AMZY YieldMax AMZN Option Income Strategy ETF | 46.15% | 47.91% | 9.90% |
Drawdowns
AMZZ vs. AMZY - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -37.35%, which is greater than AMZY's maximum drawdown of -16.41%. Use the drawdown chart below to compare losses from any high point for AMZZ and AMZY. For additional features, visit the drawdowns tool.
Volatility
AMZZ vs. AMZY - Volatility Comparison
GraniteShares 2x Long AMZN Daily ETF (AMZZ) has a higher volatility of 14.77% compared to YieldMax AMZN Option Income Strategy ETF (AMZY) at 6.57%. This indicates that AMZZ's price experiences larger fluctuations and is considered to be riskier than AMZY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.