GMEY vs. YMAG

Last updated Jun 26, 2026

GMEY (YieldMax GME Option Income Strategy ETF) and YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. GMEY charges 0.99%/yr vs 1.28%/yr for YMAG.

Performance

GMEY vs. YMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GME Option Income Strategy ETF (GMEY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEY achieves a 0.95% return, which is significantly higher than YMAG's -5.03% return.

GMEY

• 1D: -1.56%
• 1M: -1.31%
• YTD: 0.95%
• 6M: -5.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAG

• 1D: 1.18%
• 1M: -10.42%
• YTD: -5.03%
• 6M: -5.82%
• 1Y: 12.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEY vs. YMAG - Yearly Performance Comparison

	2026 (YTD)	2025
GMEY YieldMax GME Option Income Strategy ETF	0.95%	-15.02%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	-5.03%	7.82%

Correlation

The correlation between GMEY and YMAG is 0.30, 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 9, 2025	0.30

Return for Risk

GMEY vs. YMAG — 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.

YMAG

YMAG Risk / Return Rank: 21
YMAG Sharpe Ratio Rank: 22
YMAG Sortino Ratio Rank: 20
YMAG Omega Ratio Rank: 20
YMAG Calmar Ratio Rank: 20
YMAG Martin Ratio Rank: 23

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. YMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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	YMAG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.74	—
Sortino ratio: Return per unit of downside risk	—	1.09	—
Omega ratio: Gain probability vs. loss probability	—	1.14	—
Calmar ratio: Return relative to maximum drawdown	—	0.87	—
Martin ratio: Return relative to average drawdown	—	2.77	—

Drawdowns

GMEY vs. YMAG - Drawdown Comparison

The maximum GMEY drawdown since its inception was -25.67%, roughly equal to the maximum YMAG drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for GMEY and YMAG.

Drawdown Indicators

	GMEY	YMAG	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-25.96%	+0.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.38%	—
Current Drawdown Current decline from peak	-23.82%	-10.98%	-12.84%
Average Drawdown Average peak-to-trough decline	-16.91%	-4.59%	-12.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.52%	—

Volatility

Volatility by Period

	GMEY	YMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.31%	16.87%	+11.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.31%	21.01%	+7.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.31%	21.01%	+7.30%

GMEY vs. YMAG - Expense Ratio Comparison

GMEY has a 0.99% expense ratio, which is lower than YMAG's 1.28% expense ratio.

Dividends

GMEY vs. YMAG - Dividend Comparison

GMEY's dividend yield for the trailing twelve months is around 56.84%, more than YMAG's 54.32% yield.

Position	TTM	2025	2024
GMEY YieldMax GME Option Income Strategy ETF	56.84%	21.84%	0.00%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	54.32%	52.27%	35.22%

Frequently Asked Questions

Can I hold both GMEY and YMAG in my portfolio?

GMEY and YMAG have a correlation of 0.30, 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 YMAG?

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 YMAG?

GMEY is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAG.

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

GMEY has the higher dividend yield at 56.84%, compared with 54.32% for YMAG.

What is the main difference between GMEY and YMAG?

Their fees differ too: 0.99% for GMEY and 1.28% for YMAG.