IYLD vs. YYY
IYLD (iShares Morningstar Multi-Asset Income ETF) and YYY (Amplify CEF High Income ETF) are both Diversified Portfolio funds - IYLD tracks the Morningstar Multi-Asset High Income Index while YYY tracks the Nasdaq CEF High Income™ Index. Both are passively managed. Over the past 10 years, IYLD returned 4.10%/yr vs 5.73%/yr for YYY. A 0.61 correlation means they provide meaningful diversification when combined. IYLD charges 0.60%/yr vs 3.23%/yr for YYY.
Performance
IYLD vs. YYY - Performance Comparison
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Returns By Period
In the year-to-date period, IYLD achieves a 5.27% return, which is significantly higher than YYY's 4.86% return. Over the past 10 years, IYLD has underperformed YYY with an annualized return of 4.10%, while YYY has yielded a comparatively higher 5.73% annualized return.
IYLD
- 1D
- -0.06%
- 1M
- 0.56%
- YTD
- 5.27%
- 6M
- 5.48%
- 1Y
- 14.00%
- 3Y*
- 10.68%
- 5Y*
- 3.38%
- 10Y*
- 4.10%
YYY
- 1D
- -0.15%
- 1M
- 0.02%
- YTD
- 4.86%
- 6M
- 4.67%
- 1Y
- 12.27%
- 3Y*
- 12.38%
- 5Y*
- 3.14%
- 10Y*
- 5.73%
IYLD vs. YYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 5.27% | 15.44% | 2.00% | 12.55% | -16.80% | 3.37% | -1.18% | 15.82% | -4.77% | 10.90% |
YYY Amplify CEF High Income ETF | 4.86% | 13.08% | 11.86% | 12.98% | -21.78% | 14.13% | -0.86% | 21.87% | -10.21% | 13.86% |
Correlation
The correlation between IYLD and YYY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2012 | 0.61 |
The correlation between IYLD and YYY has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
IYLD vs. YYY — Risk / Return Rank
IYLD
YYY
IYLD vs. YYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) and Amplify CEF High Income ETF (YYY). 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.
| IYLD | YYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.27 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.53 | +1.51 |
| Martin ratioReturn relative to average drawdown | 11.69 | 6.58 | +5.11 |
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Drawdowns
IYLD vs. YYY - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, smaller than the maximum YYY drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for IYLD and YYY.
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Drawdown Indicators
| IYLD | YYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.23% | -42.52% | +12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -8.07% | +3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -13.47% | +8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -22.57% | -27.92% | +5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | -42.52% | +12.29% |
Current DrawdownCurrent decline from peak | -0.25% | -0.93% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -6.82% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.87% | -0.67% |
Volatility
IYLD vs. YYY - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 1.41%, while Amplify CEF High Income ETF (YYY) has a volatility of 2.55%. This indicates that IYLD experiences smaller price fluctuations and is considered to be less risky than YYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYLD | YYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.55% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | 7.23% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 8.71% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 11.37% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.58% | 13.90% | -4.32% |
IYLD vs. YYY - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is lower than YYY's 3.23% expense ratio.
Dividends
IYLD vs. YYY - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 4.59%, less than YYY's 12.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 4.59% | 4.72% | 5.32% | 5.76% | 5.45% | 3.47% | 4.38% | 5.25% | 5.78% | 4.22% | 4.84% | 5.26% |
YYY Amplify CEF High Income ETF | 12.57% | 12.51% | 12.50% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.16% | 10.34% | 10.77% |
Frequently Asked Questions
IYLD and YYY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YYY has higher volatility (2.55%) compared to IYLD (1.41%). In terms of maximum drawdown, IYLD dropped -30.23% vs YYY's -42.52%.
On 10-year performance, YYY leads with 5.73% vs 4.10% for IYLD. On fees, IYLD is cheaper at 0.60% per year. On volatility, IYLD has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YYY has performed better with a 5.73% return vs 4.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYLD is cheaper with a 0.60% expense ratio, compared with 3.23% for YYY.
YYY has the higher dividend yield at 12.57%, compared with 4.59% for IYLD.
IYLD tracks Morningstar Multi-Asset High Income Index, while YYY tracks Nasdaq CEF High Income™ Index. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.60% for IYLD and 3.23% for YYY.
IYLD currently has the higher Sharpe Ratio (2.42 vs 1.42), 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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