GMEY vs. EIPI

Last updated Jul 17, 2026

GMEY (YieldMax GME Option Income Strategy ETF) and EIPI (FT Energy Income Partners Enhanced Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. GMEY charges 0.99%/yr vs 1.11%/yr for EIPI.

Performance

GMEY vs. EIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GME Option Income Strategy ETF (GMEY) and FT Energy Income Partners Enhanced Income ETF (EIPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEY achieves a 3.23% return, which is significantly lower than EIPI's 16.51% return.

GMEY

• 1D: -0.46%
• 1M: 1.76%
• 6M: -1.19%
• YTD: 3.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EIPI

• 1D: 0.63%
• 1M: 2.87%
• 6M: 13.65%
• YTD: 16.51%
• 1Y: 22.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEY vs. EIPI - Yearly Performance Comparison

	2026 (YTD)	2025
GMEY YieldMax GME Option Income Strategy ETF	3.23%	-15.02%
EIPI FT Energy Income Partners Enhanced Income ETF	16.51%	4.49%

Correlation

The correlation between GMEY and EIPI is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025	-0.02

Return for Risk

GMEY vs. EIPI — Risk / Return Rank

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

GMEY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EIPI

EIPI Risk / Return Rank: 87
EIPI Sharpe Ratio Rank: 87
EIPI Sortino Ratio Rank: 90
EIPI Omega Ratio Rank: 81
EIPI Calmar Ratio Rank: 92
EIPI Martin Ratio Rank: 86

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.

GMEY vs. EIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) and FT Energy Income Partners Enhanced Income ETF (EIPI). 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.

	GMEY	EIPI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.27	—
Sortino ratio: Return per unit of downside risk	—	3.38	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	4.77	—
Martin ratio: Return relative to average drawdown	—	13.94	—

Drawdowns

GMEY vs. EIPI - Drawdown Comparison

The maximum GMEY drawdown since its inception was -25.67%, which is greater than EIPI's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for GMEY and EIPI.

Drawdown Indicators

	GMEY	EIPI	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-12.33%	-13.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.77%	—
Current Drawdown Current decline from peak	-22.10%	-0.95%	-21.15%
Average Drawdown Average peak-to-trough decline	-17.22%	-1.72%	-15.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.63%	—

Volatility

Volatility by Period

	GMEY	EIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.75%	10.06%	+17.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.75%	13.06%	+14.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.75%	13.06%	+14.69%

GMEY vs. EIPI - Expense Ratio Comparison

GMEY has a 0.99% expense ratio, which is lower than EIPI's 1.11% expense ratio.

Dividends

GMEY vs. EIPI - Dividend Comparison

GMEY's dividend yield for the trailing twelve months is around 59.67%, more than EIPI's 6.71% yield.

Position	TTM	2025	2024
EIPI FT Energy Income Partners Enhanced Income ETF	6.71%	9.71%	6.31%
GMEY YieldMax GME Option Income Strategy ETF	59.67%	21.84%	0.00%

Frequently Asked Questions

Can I hold both GMEY and EIPI in my portfolio?

GMEY and EIPI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEY or EIPI?

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.

Which ETF is cheaper, GMEY or EIPI?

GMEY is cheaper with a 0.99% expense ratio, compared with 1.11% for EIPI.

Which ETF pays a higher dividend yield, GMEY or EIPI?

GMEY has the higher dividend yield at 59.67%, compared with 6.71% for EIPI.

What is the main difference between GMEY and EIPI?

They also come from different issuers: YieldMax and First Trust. Their fees differ too: 0.99% for GMEY and 1.11% for EIPI.