GMEY vs. BUYW
GMEY (YieldMax GME Option Income Strategy ETF) and BUYW (Main Buywrite ETF) are both Derivative Income funds. Both are actively managed. At a 0.26 correlation, their price movements are largely independent. GMEY charges 0.99%/yr vs 1.29%/yr for BUYW.
Performance
GMEY vs. BUYW - Performance Comparison
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Returns By Period
In the year-to-date period, GMEY achieves a 1.59% return, which is significantly lower than BUYW's 3.10% return.
GMEY
- 1D
- -1.50%
- 1M
- -11.34%
- YTD
- 1.59%
- 6M
- -9.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUYW
- 1D
- -0.55%
- 1M
- 0.36%
- YTD
- 3.10%
- 6M
- 4.42%
- 1Y
- 9.61%
- 3Y*
- 8.55%
- 5Y*
- —
- 10Y*
- —
GMEY vs. BUYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMEY YieldMax GME Option Income Strategy ETF | 1.59% | -16.17% |
BUYW Main Buywrite ETF | 3.10% | 2.89% |
Correlation
The correlation between GMEY and BUYW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.26 |
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Return for Risk
GMEY vs. BUYW — Risk / Return Rank
GMEY
BUYW
GMEY vs. BUYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) and Main Buywrite ETF (BUYW). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GMEY | BUYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | 1.15 | -1.83 |
Drawdowns
GMEY vs. BUYW - Drawdown Comparison
The maximum GMEY drawdown since its inception was -25.67%, which is greater than BUYW's maximum drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for GMEY and BUYW.
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Drawdown Indicators
| GMEY | BUYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.67% | -9.36% | -16.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.36% | — |
Current DrawdownCurrent decline from peak | -23.34% | -0.55% | -22.79% |
Average DrawdownAverage peak-to-trough decline | -16.60% | -0.61% | -15.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.48% | — |
Volatility
GMEY vs. BUYW - Volatility Comparison
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Volatility by Period
| GMEY | BUYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.07% | 4.88% | +24.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.07% | 8.47% | +20.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 8.47% | +20.60% |
GMEY vs. BUYW - Expense Ratio Comparison
GMEY has a 0.99% expense ratio, which is lower than BUYW's 1.29% expense ratio.
Dividends
GMEY vs. BUYW - Dividend Comparison
GMEY's dividend yield for the trailing twelve months is around 52.28%, more than BUYW's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 5.93% | 5.89% | 5.93% | 5.95% | 0.50% |
GMEY YieldMax GME Option Income Strategy ETF | 52.28% | 21.84% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GMEY and BUYW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMEY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMEY is cheaper with a 0.99% expense ratio, compared with 1.29% for BUYW.
GMEY has the higher dividend yield at 52.28%, compared with 5.93% for BUYW.
They also come from different issuers: YieldMax and Main Funds. Their fees differ too: 0.99% for GMEY and 1.29% for BUYW.
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