INOV vs. AMDY

Last updated Jun 4, 2026

INOV (Innovator International Developed Power Buffer ETF - November) and AMDY (YieldMax AMD Option Income Strategy ETF) are both Options Trading funds. Both are actively managed. Over the past year, INOV returned 14.54% vs 240.44% for AMDY. At a 0.43 correlation, their price movements are largely independent. INOV charges 0.85%/yr vs 0.99%/yr for AMDY.

Performance

INOV vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - November (INOV) 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, INOV achieves a 5.40% return, which is significantly lower than AMDY's 110.49% return.

INOV

• 1D: -0.34%
• 1M: 2.31%
• YTD: 5.40%
• 6M: 7.23%
• 1Y: 14.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDY

• 1D: 3.39%
• 1M: 46.76%
• YTD: 110.49%
• 6M: 111.80%
• 1Y: 240.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INOV vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
INOV Innovator International Developed Power Buffer ETF - November	5.40%	20.64%	5.90%	7.73%
AMDY YieldMax AMD Option Income Strategy ETF	110.49%	53.93%	-17.00%	23.51%

Correlation

The correlation between INOV and AMDY is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.43

Return for Risk

INOV vs. AMDY — Risk / Return Rank

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

INOV

INOV Risk / Return Rank: 49
INOV Sharpe Ratio Rank: 49
INOV Sortino Ratio Rank: 50
INOV Omega Ratio Rank: 56
INOV Calmar Ratio Rank: 42
INOV Martin Ratio Rank: 49

AMDY

AMDY Risk / Return Rank: 93
AMDY Sharpe Ratio Rank: 97
AMDY Sortino Ratio Rank: 92
AMDY Omega Ratio Rank: 92
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 88

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.

INOV vs. AMDY - Risk-Adjusted Trends Comparison

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

	INOV	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	1.68	4.53	-2.85
Sortino ratio: Return per unit of downside risk	2.43	4.54	-2.10
Omega ratio: Gain probability vs. loss probability	1.34	1.64	-0.30
Calmar ratio: Return relative to maximum drawdown	2.02	8.77	-6.76
Martin ratio: Return relative to average drawdown	8.08	19.77	-11.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INOV vs. AMDY - Sharpe Ratio Comparison

The current INOV Sharpe Ratio is 1.68, which is lower than the AMDY Sharpe Ratio of 4.53. The chart below compares the historical Sharpe Ratios of INOV 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.

Sharpe Ratios by Period

	INOV	AMDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	4.53	-2.85
Sharpe Ratio (All Time) Calculated using the full available price history	1.82	1.25	+0.57

Drawdowns

INOV vs. AMDY - Drawdown Comparison

The maximum INOV drawdown since its inception was -8.01%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for INOV and AMDY.

Drawdown Indicators

	INOV	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-8.01%	-53.92%	+45.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-27.59%	+20.35%
Current Drawdown Current decline from peak	-0.47%	0.00%	-0.47%
Average Drawdown Average peak-to-trough decline	-0.89%	-18.02%	+17.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	12.22%	-10.42%

Volatility

INOV vs. AMDY - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF - November (INOV) is 2.96%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.81%. This indicates that INOV 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

	INOV	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	20.81%	-17.85%
Volatility (6M) Calculated over the trailing 6-month period	7.71%	39.99%	-32.28%
Volatility (1Y) Calculated over the trailing 1-year period	8.69%	53.40%	-44.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.56%	46.01%	-37.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.56%	46.01%	-37.45%

INOV vs. AMDY - Expense Ratio Comparison

INOV has a 0.85% expense ratio, which is lower than AMDY's 0.99% expense ratio.

Dividends

INOV vs. AMDY - Dividend Comparison

INOV has not paid dividends to shareholders, while AMDY's dividend yield for the trailing twelve months is around 54.91%.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	54.91%	80.68%	109.98%	6.68%
INOV Innovator International Developed Power Buffer ETF - November	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both INOV and AMDY in my portfolio?

INOV and AMDY have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INOV or AMDY?

AMDY has higher volatility (20.81%) compared to INOV (2.96%). In terms of maximum drawdown, INOV dropped -8.01% vs AMDY's -53.92%.

Which ETF is better, INOV or AMDY?

On 1-year performance, AMDY leads with 240.44% vs 14.54% for INOV. On fees, INOV is cheaper at 0.85% per year. On volatility, INOV has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INOV or AMDY?

Over the 1-year period, AMDY has performed better with a 240.44% return vs 14.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INOV or AMDY?

INOV is cheaper with a 0.85% expense ratio, compared with 0.99% for AMDY.

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

AMDY has the higher dividend yield at 54.91%, compared with 0.00% for INOV.

What is the main difference between INOV and AMDY?

They also come from different issuers: Innovator and YieldMax. Their fees differ too: 0.85% for INOV and 0.99% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (4.53 vs 1.68), 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.