ETV vs. AMDY
ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) is a stock, while AMDY (YieldMax AMD Option Income Strategy ETF) is Options Trading fund actively managed by YieldMax. Over the past year, ETV returned 21.04% vs 218.08% for AMDY. At a 0.48 correlation, their price movements are largely independent.
Performance
ETV vs. AMDY - Performance Comparison
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Returns By Period
In the year-to-date period, ETV achieves a 8.19% return, which is significantly lower than AMDY's 107.12% return.
ETV
- 1D
- 1.29%
- 1M
- 2.81%
- YTD
- 8.19%
- 6M
- 8.26%
- 1Y
- 21.04%
- 3Y*
- 15.54%
- 5Y*
- 7.27%
- 10Y*
- 9.42%
AMDY
- 1D
- 3.87%
- 1M
- 14.85%
- YTD
- 107.12%
- 6M
- 109.15%
- 1Y
- 218.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETV vs. AMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.19% | 8.63% | 27.67% | 2.66% |
AMDY YieldMax AMD Option Income Strategy ETF | 107.12% | 53.93% | -17.00% | 25.92% |
Correlation
The correlation between ETV and AMDY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023 | 0.48 |
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Return for Risk
ETV vs. AMDY — Risk / Return Rank
ETV
AMDY
ETV vs. AMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) 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.
| ETV | AMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.56 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 7.96 | -5.91 |
| Martin ratioReturn relative to average drawdown | 10.40 | 17.75 | -7.35 |
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Drawdowns
ETV vs. AMDY - Drawdown Comparison
The maximum ETV drawdown since its inception was -52.11%, roughly equal to the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for ETV and AMDY.
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Drawdown Indicators
| ETV | AMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -53.92% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -27.59% | +17.25% |
Max Drawdown (3Y)Largest decline over 3 years | -20.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.39% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.92% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -17.82% | +12.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 12.34% | -10.31% |
Volatility
ETV vs. AMDY - Volatility Comparison
The current volatility for Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) is 3.62%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 21.43%. This indicates that ETV 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.
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Volatility by Period
| ETV | AMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 21.43% | -17.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 43.65% | -33.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 55.92% | -43.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 46.89% | -29.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 46.89% | -27.60% |
Dividends
ETV vs. AMDY - Dividend Comparison
ETV's dividend yield for the trailing twelve months is around 7.99%, less than AMDY's 64.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDY YieldMax AMD Option Income Strategy ETF | 64.04% | 80.68% | 109.98% | 6.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 7.99% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
Frequently Asked Questions
ETV and AMDY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDY has higher volatility (21.43%) compared to ETV (3.62%). In terms of maximum drawdown, ETV dropped -52.11% vs AMDY's -53.92%.
AMDY currently has the higher Sharpe Ratio (3.93 vs 1.70), 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.
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