DJIA vs. AMDY

Last updated Jun 23, 2026

DJIA (Global X Dow 30 Covered Call ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both Derivative Income funds. DJIA is passively managed, while AMDY is actively managed. Over the past year, DJIA returned 14.39% vs 221.30% for AMDY. At a 0.34 correlation, their price movements are largely independent. DJIA charges 0.60%/yr vs 1.23%/yr for AMDY.

Performance

DJIA vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call ETF (DJIA) 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, DJIA achieves a 3.81% return, which is significantly lower than AMDY's 111.33% return.

DJIA

• 1D: 0.20%
• 1M: 1.17%
• YTD: 3.81%
• 6M: 3.30%
• 1Y: 14.39%
• 3Y*: 10.54%
• 5Y*: —
• 10Y*: —

AMDY

• 1D: 2.03%
• 1M: 13.75%
• YTD: 111.33%
• 6M: 112.18%
• 1Y: 221.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DJIA vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DJIA Global X Dow 30 Covered Call ETF	3.81%	9.11%	14.52%	1.87%
AMDY YieldMax AMD Option Income Strategy ETF	111.33%	53.93%	-17.00%	25.92%

Correlation

The correlation between DJIA and AMDY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.34

Return for Risk

DJIA vs. AMDY — Risk / Return Rank

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

DJIA

DJIA Risk / Return Rank: 56
DJIA Sharpe Ratio Rank: 61
DJIA Sortino Ratio Rank: 63
DJIA Omega Ratio Rank: 72
DJIA Calmar Ratio Rank: 41
DJIA Martin Ratio Rank: 46

AMDY

AMDY Risk / Return Rank: 92
AMDY Sharpe Ratio Rank: 96
AMDY Sortino Ratio Rank: 90
AMDY Omega Ratio Rank: 91
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 87

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.

DJIA vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) 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.

	DJIA	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	1.96	3.98	-2.02
Sortino ratio: Return per unit of downside risk	2.82	4.03	-1.21
Omega ratio: Gain probability vs. loss probability	1.41	1.56	-0.15
Calmar ratio: Return relative to maximum drawdown	1.97	8.07	-6.11
Martin ratio: Return relative to average drawdown	7.33	18.01	-10.68

DJIA vs. AMDY - Sharpe Ratio Comparison

The current DJIA Sharpe Ratio is 1.96, which is lower than the AMDY Sharpe Ratio of 3.98. The chart below compares the historical Sharpe Ratios of DJIA 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

DJIA vs. AMDY - Drawdown Comparison

The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for DJIA and AMDY.

Drawdown Indicators

	DJIA	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-53.92%	+37.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-27.59%	+20.25%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	—	—
Current Drawdown Current decline from peak	-0.29%	0.00%	-0.29%
Average Drawdown Average peak-to-trough decline	-3.55%	-17.79%	+14.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	12.34%	-10.37%

Volatility

DJIA vs. AMDY - Volatility Comparison

The current volatility for Global X Dow 30 Covered Call ETF (DJIA) is 1.36%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.60%. This indicates that DJIA 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

	DJIA	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	20.60%	-19.24%
Volatility (6M) Calculated over the trailing 6-month period	6.33%	43.29%	-36.96%
Volatility (1Y) Calculated over the trailing 1-year period	7.39%	56.05%	-48.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.17%	46.87%	-35.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.17%	46.87%	-35.70%

DJIA vs. AMDY - Expense Ratio Comparison

DJIA has a 0.60% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

DJIA vs. AMDY - Dividend Comparison

DJIA's dividend yield for the trailing twelve months is around 11.48%, less than AMDY's 62.77% yield.

Position	TTM	2025	2024	2023	2022
AMDY YieldMax AMD Option Income Strategy ETF	62.77%	80.68%	109.98%	6.68%	0.00%
DJIA Global X Dow 30 Covered Call ETF	11.48%	10.60%	11.44%	7.16%	9.18%

Frequently Asked Questions

Can I hold both DJIA and AMDY in my portfolio?

DJIA and AMDY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DJIA or AMDY?

AMDY has higher volatility (20.60%) compared to DJIA (1.36%). In terms of maximum drawdown, DJIA dropped -16.91% vs AMDY's -53.92%.

Which ETF is better, DJIA or AMDY?

On 1-year performance, AMDY leads with 221.30% vs 14.39% for DJIA. On fees, DJIA is cheaper at 0.60% per year. On volatility, DJIA has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJIA or AMDY?

Over the 1-year period, AMDY has performed better with a 221.30% return vs 14.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJIA or AMDY?

DJIA is cheaper with a 0.60% expense ratio, compared with 1.23% for AMDY.

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

AMDY has the higher dividend yield at 62.77%, compared with 11.48% for DJIA.

What is the main difference between DJIA and AMDY?

They also come from different issuers: Global X and YieldMax ETFs. Their fees differ too: 0.60% for DJIA and 1.23% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.98 vs 1.96), 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.