GMEY vs. EIPI
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. Their -0.02 correlation means they have often moved in opposite directions in the past. GMEY charges 0.99%/yr vs 1.11%/yr for EIPI.
Performance
GMEY vs. EIPI - Performance Comparison
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Returns By Period
In the year-to-date period, GMEY achieves a -8.59% return, which is significantly lower than EIPI's 15.54% return.
GMEY
- 1D
- -0.56%
- 1M
- -13.24%
- 6M
- -19.18%
- YTD
- -8.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
EIPI
- 1D
- -1.03%
- 1M
- 1.95%
- 6M
- 7.48%
- YTD
- 15.54%
- 1Y
- 19.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.35M | $2.85M | $2.19M | |
| $32.88K | $35.63K | $44.01K |
GMEY vs. EIPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMEY YieldMax GME Option Income Strategy ETF | -8.59% | -15.02% |
EIPI FT Energy Income Partners Enhanced Income ETF | 15.54% | 4.49% |
Correlation
The correlation between GMEY and EIPI is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025 | -0.02 |
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Return for Risk
GMEY vs. EIPI — Risk / Return Rank
GMEY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EIPI
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.19 | — |
| Martin ratioReturn relative to average drawdown | — | 12.08 | — |
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Drawdowns
GMEY vs. EIPI - Drawdown Comparison
The maximum GMEY drawdown since its inception was -31.17%, 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.
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Drawdown Indicators
| GMEY | EIPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -12.33% | -18.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.77% | — |
Current DrawdownCurrent decline from peak | -31.02% | -2.52% | -28.50% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -1.70% | -15.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.65% | — |
Volatility
GMEY vs. EIPI - Volatility Comparison
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Volatility by Period
| GMEY | EIPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.60% | 10.13% | +19.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 13.00% | +16.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.60% | 13.00% | +16.60% |
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 70.28%, more than EIPI's 6.80% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EIPI FT Energy Income Partners Enhanced Income ETF | 6.80% | 9.71% | 6.31% |
GMEY YieldMax GME Option Income Strategy ETF | 70.28% | 21.84% | 0.00% |
Frequently Asked Questions
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.
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 1.11% for EIPI.
GMEY has the higher dividend yield at 70.28%, compared with 6.80% for EIPI.
They also come from different issuers: YieldMax and First Trust. Their fees differ too: 0.99% for GMEY and 1.11% for EIPI.
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