AUGU vs. AMZY

Last updated Jun 24, 2026

AUGU (AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF) and AMZY (YieldMax AMZN Option Income Strategy ETF) are both exchange-traded funds - AUGU is a Options Trading fund actively managed by Allianz, while AMZY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, AUGU returned 17.91% vs 6.82% for AMZY. A 0.65 correlation means they provide meaningful diversification when combined. AUGU charges 0.74%/yr vs 1.09%/yr for AMZY.

Performance

AUGU vs. AMZY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) and YieldMax AMZN Option Income Strategy ETF (AMZY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUGU achieves a 5.90% return, which is significantly higher than AMZY's -1.83% return.

AUGU

• 1D: -1.17%
• 1M: -1.42%
• YTD: 5.90%
• 6M: 5.29%
• 1Y: 17.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZY

• 1D: 0.57%
• 1M: -10.29%
• YTD: -1.83%
• 6M: -1.84%
• 1Y: 6.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUGU vs. AMZY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	5.90%	12.54%	4.16%
AMZY YieldMax AMZN Option Income Strategy ETF	-1.83%	10.39%	10.08%

Correlation

The correlation between AUGU and AMZY is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.65

The correlation between AUGU and AMZY has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

Return for Risk

AUGU vs. AMZY — Risk / Return Rank

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

AUGU

AUGU Risk / Return Rank: 59
AUGU Sharpe Ratio Rank: 59
AUGU Sortino Ratio Rank: 58
AUGU Omega Ratio Rank: 57
AUGU Calmar Ratio Rank: 60
AUGU Martin Ratio Rank: 64

AMZY

AMZY Risk / Return Rank: 12
AMZY Sharpe Ratio Rank: 12
AMZY Sortino Ratio Rank: 12
AMZY Omega Ratio Rank: 13
AMZY Calmar Ratio Rank: 12
AMZY Martin Ratio Rank: 12

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.

AUGU vs. AMZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) 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.

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.

	AUGU	AMZY	Difference
Sharpe ratio: Return per unit of total volatility	1.78	0.28	+1.50
Sortino ratio: Return per unit of downside risk	2.48	0.54	+1.94
Omega ratio: Gain probability vs. loss probability	1.32	1.07	+0.25
Calmar ratio: Return relative to maximum drawdown	2.68	0.35	+2.33
Martin ratio: Return relative to average drawdown	10.43	0.83	+9.60

AUGU vs. AMZY - Sharpe Ratio Comparison

The current AUGU Sharpe Ratio is 1.78, which is higher than the AMZY Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of AUGU and AMZY, 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

AUGU vs. AMZY - Drawdown Comparison

The maximum AUGU drawdown since its inception was -12.17%, smaller than the maximum AMZY drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for AUGU and AMZY.

Drawdown Indicators

	AUGU	AMZY	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-23.70%	+11.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-19.61%	+12.89%
Current Drawdown Current decline from peak	-3.12%	-12.34%	+9.22%
Average Drawdown Average peak-to-trough decline	-1.84%	-5.40%	+3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	8.20%	-6.48%

Volatility

AUGU vs. AMZY - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) is 4.50%, while YieldMax AMZN Option Income Strategy ETF (AMZY) has a volatility of 7.99%. This indicates that AUGU experiences smaller price fluctuations and is considered to be less risky than AMZY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUGU	AMZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	7.99%	-3.49%
Volatility (6M) Calculated over the trailing 6-month period	8.05%	17.06%	-9.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	24.24%	-14.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.38%	25.14%	-13.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.38%	25.14%	-13.76%

AUGU vs. AMZY - Expense Ratio Comparison

AUGU has a 0.74% expense ratio, which is lower than AMZY's 1.09% expense ratio.

Dividends

AUGU vs. AMZY - Dividend Comparison

AUGU has not paid dividends to shareholders, while AMZY's dividend yield for the trailing twelve months is around 58.30%.

Position	TTM	2025	2024	2023
AMZY YieldMax AMZN Option Income Strategy ETF	58.30%	52.59%	47.91%	9.90%
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AUGU and AMZY in my portfolio?

AUGU and AMZY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUGU or AMZY?

AMZY has higher volatility (7.99%) compared to AUGU (4.50%). In terms of maximum drawdown, AUGU dropped -12.17% vs AMZY's -23.70%.

Which ETF is better, AUGU or AMZY?

On 1-year performance, AUGU leads with 17.91% vs 6.82% for AMZY. On fees, AUGU is cheaper at 0.74% per year. On volatility, AUGU has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGU or AMZY?

Over the 1-year period, AUGU has performed better with a 17.91% return vs 6.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGU or AMZY?

AUGU is cheaper with a 0.74% expense ratio, compared with 1.09% for AMZY.

Which ETF pays a higher dividend yield, AUGU or AMZY?

AMZY has the higher dividend yield at 58.30%, compared with 0.00% for AUGU.

What is the main difference between AUGU and AMZY?

AUGU is categorized as Options Trading, while AMZY is Derivative Income. They also come from different issuers: Allianz and YieldMax. Their fees differ too: 0.74% for AUGU and 1.09% for AMZY.

Which has better risk-adjusted returns?

AUGU currently has the higher Sharpe Ratio (1.78 vs 0.28), 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.