IDEC vs. AMDY

Last updated Jun 23, 2026

IDEC (Innovator International Developed Power Buffer ETF - December) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - IDEC is a Options Trading fund actively managed by Innovator, while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. Both are actively managed. Over the past year, IDEC returned 17.13% vs 221.30% for AMDY. At a 0.44 correlation, their price movements are largely independent. IDEC charges 0.85%/yr vs 1.23%/yr for AMDY.

Performance

IDEC vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - December (IDEC) and YieldMax AMD Option Income Strategy ETF (AMDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDEC achieves a 6.70% return, which is significantly lower than AMDY's 111.33% return.

IDEC

• 1D: 0.13%
• 1M: 1.47%
• YTD: 6.70%
• 6M: 6.94%
• 1Y: 17.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDY

• 1D: 2.03%
• 1M: 13.75%
• YTD: 111.33%
• 6M: 112.18%
• 1Y: 221.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IDEC vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IDEC Innovator International Developed Power Buffer ETF - December	6.70%	21.78%	2.50%	3.27%
AMDY YieldMax AMD Option Income Strategy ETF	111.33%	53.93%	-17.00%	14.54%

Correlation

The correlation between IDEC and AMDY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.44

Return for Risk

IDEC vs. AMDY — Risk / Return Rank

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

IDEC

IDEC Risk / Return Rank: 60
IDEC Sharpe Ratio Rank: 60
IDEC Sortino Ratio Rank: 62
IDEC Omega Ratio Rank: 67
IDEC Calmar Ratio Rank: 52
IDEC Martin Ratio Rank: 59

AMDY

AMDY Risk / Return Rank: 92
AMDY Sharpe Ratio Rank: 96
AMDY Sortino Ratio Rank: 90
AMDY Omega Ratio Rank: 91
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 87

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.

IDEC vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - December (IDEC) 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.

	IDEC	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	1.94	3.98	-2.04
Sortino ratio: Return per unit of downside risk	2.82	4.03	-1.20
Omega ratio: Gain probability vs. loss probability	1.38	1.56	-0.18
Calmar ratio: Return relative to maximum drawdown	2.50	8.07	-5.57
Martin ratio: Return relative to average drawdown	10.22	18.01	-7.79

IDEC vs. AMDY - Sharpe Ratio Comparison

The current IDEC Sharpe Ratio is 1.94, which is lower than the AMDY Sharpe Ratio of 3.98. The chart below compares the historical Sharpe Ratios of IDEC and AMDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDEC vs. AMDY - Drawdown Comparison

The maximum IDEC drawdown since its inception was -8.51%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for IDEC and AMDY.

Drawdown Indicators

	IDEC	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-8.51%	-53.92%	+45.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.87%	-27.59%	+20.72%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.52%	-17.79%	+16.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	12.34%	-10.66%

Volatility

IDEC vs. AMDY - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF - December (IDEC) is 2.84%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.60%. This indicates that IDEC 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.

Volatility by Period

	IDEC	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	20.60%	-17.76%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	43.29%	-35.51%
Volatility (1Y) Calculated over the trailing 1-year period	8.88%	56.05%	-47.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.69%	46.87%	-37.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.69%	46.87%	-37.18%

IDEC vs. AMDY - Expense Ratio Comparison

IDEC has a 0.85% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

IDEC vs. AMDY - Dividend Comparison

IDEC has not paid dividends to shareholders, while AMDY's dividend yield for the trailing twelve months is around 62.77%.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	62.77%	80.68%	109.98%	6.68%
IDEC Innovator International Developed Power Buffer ETF - December	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDEC and AMDY in my portfolio?

IDEC and AMDY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDEC or AMDY?

AMDY has higher volatility (20.60%) compared to IDEC (2.84%). In terms of maximum drawdown, IDEC dropped -8.51% vs AMDY's -53.92%.

Which ETF is better, IDEC or AMDY?

On 1-year performance, AMDY leads with 221.30% vs 17.13% for IDEC. On fees, IDEC is cheaper at 0.85% per year. On volatility, IDEC has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDEC or AMDY?

Over the 1-year period, AMDY has performed better with a 221.30% return vs 17.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDEC or AMDY?

IDEC is cheaper with a 0.85% expense ratio, compared with 1.23% for AMDY.

Which ETF pays a higher dividend yield, IDEC or AMDY?

AMDY has the higher dividend yield at 62.77%, compared with 0.00% for IDEC.

What is the main difference between IDEC and AMDY?

IDEC is categorized as Options Trading, while AMDY is Derivative Income. They also come from different issuers: Innovator and YieldMax ETFs. Their fees differ too: 0.85% for IDEC and 1.23% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.98 vs 1.94), 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.