APRW vs. AMDY

Last updated Jun 24, 2026

APRW (AllianzIM U.S. Large Cap Buffer20 Apr ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - APRW is a Options Trading fund actively managed by Allianz, while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. Both are actively managed. Over the past year, APRW returned 11.57% vs 203.83% for AMDY. A 0.53 correlation means they provide meaningful diversification when combined. APRW charges 0.74%/yr vs 1.23%/yr for AMDY.

Performance

APRW vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) and YieldMax AMD Option Income Strategy ETF (AMDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRW achieves a 5.94% return, which is significantly lower than AMDY's 101.34% return.

APRW

• 1D: -0.30%
• 1M: 0.01%
• YTD: 5.94%
• 6M: 6.07%
• 1Y: 11.57%
• 3Y*: 9.84%
• 5Y*: 6.97%
• 10Y*: —

AMDY

• 1D: -4.73%
• 1M: 8.37%
• YTD: 101.34%
• 6M: 101.99%
• 1Y: 203.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APRW vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	5.94%	6.18%	11.25%	3.89%
AMDY YieldMax AMD Option Income Strategy ETF	101.34%	53.93%	-17.00%	25.92%

Correlation

The correlation between APRW and AMDY is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.53

The correlation between APRW and AMDY has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.

Return for Risk

APRW vs. AMDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APRW

APRW Risk / Return Rank: 98
APRW Sharpe Ratio Rank: 97
APRW Sortino Ratio Rank: 98
APRW Omega Ratio Rank: 98
APRW Calmar Ratio Rank: 98
APRW Martin Ratio Rank: 98

AMDY

AMDY Risk / Return Rank: 90
AMDY Sharpe Ratio Rank: 95
AMDY Sortino Ratio Rank: 88
AMDY Omega Ratio Rank: 88
AMDY Calmar Ratio Rank: 95
AMDY Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APRW vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) and YieldMax AMD Option Income Strategy ETF (AMDY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APRW	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	4.35	3.65	+0.70
Sortino ratio: Return per unit of downside risk	7.57	3.82	+3.75
Omega ratio: Gain probability vs. loss probability	2.07	1.53	+0.54
Calmar ratio: Return relative to maximum drawdown	13.01	7.44	+5.57
Martin ratio: Return relative to average drawdown	68.66	16.58	+52.07

APRW vs. AMDY - Sharpe Ratio Comparison

The current APRW Sharpe Ratio is 4.35, which is comparable to the AMDY Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of APRW and AMDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APRW vs. AMDY - Drawdown Comparison

The maximum APRW drawdown since its inception was -9.61%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for APRW and AMDY.

Drawdown Indicators

	APRW	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-9.61%	-53.92%	+44.31%
Max Drawdown (1Y) Largest decline over 1 year	-0.89%	-27.59%	+26.70%
Max Drawdown (3Y) Largest decline over 3 years	-9.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.61%	—	—
Current Drawdown Current decline from peak	-0.46%	-4.73%	+4.27%
Average Drawdown Average peak-to-trough decline	-1.11%	-17.78%	+16.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.17%	12.35%	-12.18%

Volatility

APRW vs. AMDY - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) is 1.14%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 21.35%. This indicates that APRW experiences smaller price fluctuations and is considered to be less risky than AMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APRW	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	21.35%	-20.21%
Volatility (6M) Calculated over the trailing 6-month period	2.13%	43.63%	-41.50%
Volatility (1Y) Calculated over the trailing 1-year period	2.71%	56.19%	-53.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.73%	46.93%	-40.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.40%	46.93%	-40.53%

APRW vs. AMDY - Expense Ratio Comparison

APRW has a 0.74% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

APRW vs. AMDY - Dividend Comparison

APRW has not paid dividends to shareholders, while AMDY's dividend yield for the trailing twelve months is around 65.88%.

Position	TTM	2025	2024	2023	2022	2021	2020
AMDY YieldMax AMD Option Income Strategy ETF	65.88%	80.68%	109.98%	6.68%	0.00%	0.00%	0.00%
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.67%

Frequently Asked Questions

Can I hold both APRW and AMDY in my portfolio?

APRW and AMDY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APRW or AMDY?

AMDY has higher volatility (21.35%) compared to APRW (1.14%). In terms of maximum drawdown, APRW dropped -9.61% vs AMDY's -53.92%.

Which ETF is better, APRW or AMDY?

On 1-year performance, AMDY leads with 203.83% vs 11.57% for APRW. On fees, APRW is cheaper at 0.74% per year. On volatility, APRW has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APRW or AMDY?

Over the 1-year period, AMDY has performed better with a 203.83% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APRW or AMDY?

APRW is cheaper with a 0.74% expense ratio, compared with 1.23% for AMDY.

Which ETF pays a higher dividend yield, APRW or AMDY?

AMDY has the higher dividend yield at 65.88%, compared with 0.00% for APRW.

What is the main difference between APRW and AMDY?

APRW is categorized as Options Trading, while AMDY is Derivative Income. They also come from different issuers: Allianz and YieldMax ETFs. Their fees differ too: 0.74% for APRW and 1.23% for AMDY.

Which has better risk-adjusted returns?

APRW currently has the higher Sharpe Ratio (4.35 vs 3.65), 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.