IAK vs. AMDY
IAK (iShares U.S. Insurance ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index, while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. IAK is passively managed, while AMDY is actively managed. Over the past year, IAK returned 6.36% vs 203.83% for AMDY. At a correlation of -0.01, they often move in opposite directions. IAK charges 0.38%/yr vs 1.23%/yr for AMDY.
Performance
IAK vs. AMDY - Performance Comparison
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Returns By Period
In the year-to-date period, IAK achieves a 3.62% return, which is significantly lower than AMDY's 101.34% return.
IAK
- 1D
- 2.19%
- 1M
- 3.60%
- YTD
- 3.62%
- 6M
- 2.70%
- 1Y
- 6.36%
- 3Y*
- 19.69%
- 5Y*
- 14.57%
- 10Y*
- 13.20%
AMDY
- 1D
- -4.73%
- 1M
- 8.37%
- YTD
- 101.34%
- 6M
- 101.99%
- 1Y
- 203.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAK vs. AMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 3.62% | 9.50% | 28.25% | 7.23% |
AMDY YieldMax AMD Option Income Strategy ETF | 101.34% | 53.93% | -17.00% | 25.92% |
Correlation
The correlation between IAK and AMDY is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023 | -0.01 |
Over the past year, the inverse relationship between IAK and AMDY has strengthened: their correlation has moved from -0.01 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IAK vs. AMDY — Risk / Return Rank
IAK
AMDY
IAK vs. AMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) 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.
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.
| IAK | AMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.53 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 7.44 | -6.60 |
| Martin ratioReturn relative to average drawdown | 1.87 | 16.58 | -14.71 |
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Drawdowns
IAK vs. AMDY - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, which is greater than AMDY's maximum drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for IAK and AMDY.
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Drawdown Indicators
| IAK | AMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.38% | -53.92% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -27.59% | +19.97% |
Max Drawdown (3Y)Largest decline over 3 years | -11.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.95% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.73% | +4.73% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -17.78% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 12.35% | -8.94% |
Volatility
IAK vs. AMDY - Volatility Comparison
The current volatility for iShares U.S. Insurance ETF (IAK) is 5.62%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 21.35%. This indicates that IAK 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
| IAK | AMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 21.35% | -15.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 43.63% | -32.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 56.19% | -41.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 46.93% | -28.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.87% | 46.93% | -26.06% |
IAK vs. AMDY - Expense Ratio Comparison
IAK has a 0.38% expense ratio, which is lower than AMDY's 1.23% expense ratio.
Dividends
IAK vs. AMDY - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 2.58%, less than AMDY's 65.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDY YieldMax AMD Option Income Strategy ETF | 65.88% | 80.68% | 109.98% | 6.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAK iShares U.S. Insurance ETF | 2.58% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
Frequently Asked Questions
IAK and AMDY have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDY has higher volatility (21.35%) compared to IAK (5.62%). In terms of maximum drawdown, IAK dropped -77.38% vs AMDY's -53.92%.
On 1-year performance, AMDY leads with 203.83% vs 6.36% for IAK. On fees, IAK is cheaper at 0.38% per year. On volatility, IAK has been the lower-risk option at 5.62%. 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 203.83% return vs 6.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAK is cheaper with a 0.38% expense ratio, compared with 1.23% for AMDY.
AMDY has the higher dividend yield at 65.88%, compared with 2.58% for IAK.
IAK is categorized as Financials Equities, while AMDY is Derivative Income. They also come from different issuers: iShares and YieldMax ETFs. Their fees differ too: 0.38% for IAK and 1.23% for AMDY.
AMDY currently has the higher Sharpe Ratio (3.65 vs 0.42), 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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