EALT vs. AMZY

Last updated Jun 24, 2026

EALT (Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly) and AMZY (YieldMax AMZN Option Income Strategy ETF) are both exchange-traded funds - EALT is a Options Trading fund actively managed by Innovator, while AMZY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, EALT returned 10.22% vs 6.82% for AMZY. A 0.61 correlation means they provide meaningful diversification when combined. EALT charges 0.69%/yr vs 1.09%/yr for AMZY.

Performance

EALT vs. AMZY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) 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, EALT achieves a 1.32% return, which is significantly higher than AMZY's -1.83% return.

EALT

• 1D: -0.03%
• 1M: 0.58%
• YTD: 1.32%
• 6M: 0.35%
• 1Y: 10.22%
• 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)

EALT vs. AMZY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly	1.32%	9.45%	18.02%	6.68%
AMZY YieldMax AMZN Option Income Strategy ETF	-1.83%	10.39%	35.28%	17.11%

Correlation

The correlation between EALT and AMZY is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.61

The correlation between EALT and AMZY has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.

Return for Risk

EALT vs. AMZY — Risk / Return Rank

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

EALT

EALT Risk / Return Rank: 39
EALT Sharpe Ratio Rank: 42
EALT Sortino Ratio Rank: 38
EALT Omega Ratio Rank: 43
EALT Calmar Ratio Rank: 33
EALT Martin Ratio Rank: 40

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.

EALT vs. AMZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) 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.

	EALT	AMZY	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.28	+1.11
Sortino ratio: Return per unit of downside risk	1.91	0.54	+1.37
Omega ratio: Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio: Return relative to maximum drawdown	1.54	0.35	+1.19
Martin ratio: Return relative to average drawdown	5.81	0.83	+4.98

EALT vs. AMZY - Sharpe Ratio Comparison

The current EALT Sharpe Ratio is 1.39, which is higher than the AMZY Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of EALT 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

EALT vs. AMZY - Drawdown Comparison

The maximum EALT drawdown since its inception was -14.76%, smaller than the maximum AMZY drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for EALT and AMZY.

Drawdown Indicators

	EALT	AMZY	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-23.70%	+8.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-19.61%	+12.95%
Current Drawdown Current decline from peak	-0.43%	-12.34%	+11.91%
Average Drawdown Average peak-to-trough decline	-1.62%	-5.40%	+3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	8.20%	-6.44%

Volatility

EALT vs. AMZY - Volatility Comparison

The current volatility for Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) is 0.55%, while YieldMax AMZN Option Income Strategy ETF (AMZY) has a volatility of 7.99%. This indicates that EALT 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

	EALT	AMZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	7.99%	-7.44%
Volatility (6M) Calculated over the trailing 6-month period	5.17%	17.06%	-11.89%
Volatility (1Y) Calculated over the trailing 1-year period	7.41%	24.24%	-16.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.97%	25.14%	-15.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.97%	25.14%	-15.17%

EALT vs. AMZY - Expense Ratio Comparison

EALT has a 0.69% expense ratio, which is lower than AMZY's 1.09% expense ratio.

Dividends

EALT vs. AMZY - Dividend Comparison

EALT 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%
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EALT and AMZY in my portfolio?

EALT and AMZY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EALT or AMZY?

AMZY has higher volatility (7.99%) compared to EALT (0.55%). In terms of maximum drawdown, EALT dropped -14.76% vs AMZY's -23.70%.

Which ETF is better, EALT or AMZY?

On 1-year performance, EALT leads with 10.22% vs 6.82% for AMZY. On fees, EALT is cheaper at 0.69% per year. On volatility, EALT has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EALT or AMZY?

Over the 1-year period, EALT has performed better with a 10.22% return vs 6.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EALT or AMZY?

EALT is cheaper with a 0.69% expense ratio, compared with 1.09% for AMZY.

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

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

What is the main difference between EALT and AMZY?

EALT is categorized as Options Trading, while AMZY is Derivative Income. They also come from different issuers: Innovator and YieldMax. Their fees differ too: 0.69% for EALT and 1.09% for AMZY.

Which has better risk-adjusted returns?

EALT currently has the higher Sharpe Ratio (1.39 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.