HDV vs. AMDY
HDV (iShares Core High Dividend ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while AMDY is a Options Trading fund actively managed by YieldMax. HDV is passively managed, while AMDY is actively managed. Over the past year, HDV returned 20.35% vs 240.44% for AMDY. At a 0.07 correlation, their price movements are largely independent. HDV charges 0.08%/yr vs 0.99%/yr for AMDY.
Performance
HDV vs. AMDY - Performance Comparison
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Returns By Period
In the year-to-date period, HDV achieves a 12.69% return, which is significantly lower than AMDY's 110.49% return.
HDV
- 1D
- 0.37%
- 1M
- 0.29%
- YTD
- 12.69%
- 6M
- 12.16%
- 1Y
- 20.35%
- 3Y*
- 14.94%
- 5Y*
- 10.32%
- 10Y*
- 9.26%
AMDY
- 1D
- 3.39%
- 1M
- 46.76%
- YTD
- 110.49%
- 6M
- 111.80%
- 1Y
- 240.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV vs. AMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 12.69% | 11.90% | 14.16% | 0.79% |
AMDY YieldMax AMD Option Income Strategy ETF | 110.49% | 53.93% | -17.00% | 26.24% |
Correlation
The correlation between HDV and AMDY is -0.03, 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 (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023 | 0.07 |
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Return for Risk
HDV vs. AMDY — Risk / Return Rank
HDV
AMDY
HDV vs. AMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.
| HDV | AMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.64 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 8.77 | -4.83 |
| Martin ratioReturn relative to average drawdown | 11.02 | 19.77 | -8.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDV | AMDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 4.53 | -2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.25 | -0.53 |
Drawdowns
HDV vs. AMDY - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for HDV and AMDY.
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Drawdown Indicators
| HDV | AMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -53.92% | +16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -27.59% | +22.41% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | 0.00% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -18.02% | +14.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 12.22% | -10.37% |
Volatility
HDV vs. AMDY - Volatility Comparison
The current volatility for iShares Core High Dividend ETF (HDV) is 3.19%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.81%. This indicates that HDV 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
| HDV | AMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 20.81% | -17.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 39.99% | -32.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 53.40% | -43.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 46.01% | -33.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 46.01% | -30.28% |
HDV vs. AMDY - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than AMDY's 0.99% expense ratio.
Dividends
HDV vs. AMDY - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 2.91%, less than AMDY's 54.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDY YieldMax AMD Option Income Strategy ETF | 54.91% | 80.68% | 109.98% | 6.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 2.91% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
HDV and AMDY have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDY has higher volatility (20.81%) compared to HDV (3.19%). In terms of maximum drawdown, HDV dropped -37.04% vs AMDY's -53.92%.
On 1-year performance, AMDY leads with 240.44% vs 20.35% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMDY has performed better with a 240.44% return vs 20.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.99% for AMDY.
AMDY has the higher dividend yield at 54.91%, compared with 2.91% for HDV.
HDV is categorized as Dividend, while AMDY is Options Trading. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.08% for HDV and 0.99% for AMDY.
AMDY currently has the higher Sharpe Ratio (4.53 vs 2.10), 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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