KIE vs. AMDY

Last updated Jun 23, 2026

KIE (SPDR S&P Insurance ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - KIE is a Financials Equities fund tracking the S&P Insurance Select Industry Index, while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. KIE is passively managed, while AMDY is actively managed. Over the past year, KIE returned 0.88% vs 221.30% for AMDY. At a 0.05 correlation, their price movements are largely independent. KIE charges 0.35%/yr vs 1.23%/yr for AMDY.

Performance

KIE vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Insurance ETF (KIE) 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, KIE achieves a -2.30% return, which is significantly lower than AMDY's 111.33% return.

KIE

• 1D: 0.42%
• 1M: 1.48%
• YTD: -2.30%
• 6M: -3.66%
• 1Y: 0.88%
• 3Y*: 15.65%
• 5Y*: 10.78%
• 10Y*: 11.80%

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)

KIE vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KIE SPDR S&P Insurance ETF	-2.30%	8.12%	26.95%	4.42%
AMDY YieldMax AMD Option Income Strategy ETF	111.33%	53.93%	-17.00%	25.92%

Correlation

The correlation between KIE and AMDY is -0.20, 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	-0.20
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.05

The correlation between KIE and AMDY shifts across timeframes, from -0.20 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KIE vs. AMDY — Risk / Return Rank

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

KIE

KIE Risk / Return Rank: 9
KIE Sharpe Ratio Rank: 9
KIE Sortino Ratio Rank: 9
KIE Omega Ratio Rank: 8
KIE Calmar Ratio Rank: 9
KIE Martin Ratio Rank: 9

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.

KIE vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) 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.

	KIE	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	0.05	3.98	-3.93
Sortino ratio: Return per unit of downside risk	0.19	4.03	-3.84
Omega ratio: Gain probability vs. loss probability	1.02	1.56	-0.54
Calmar ratio: Return relative to maximum drawdown	0.07	8.07	-8.00
Martin ratio: Return relative to average drawdown	0.18	18.01	-17.83

KIE vs. AMDY - Sharpe Ratio Comparison

The current KIE Sharpe Ratio is 0.05, which is lower than the AMDY Sharpe Ratio of 3.98. The chart below compares the historical Sharpe Ratios of KIE 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

KIE vs. AMDY - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, which is greater than AMDY's maximum drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for KIE and AMDY.

Drawdown Indicators

	KIE	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-75.30%	-53.92%	-21.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-27.59%	+15.78%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.31%	—	—
Current Drawdown Current decline from peak	-3.71%	0.00%	-3.71%
Average Drawdown Average peak-to-trough decline	-12.03%	-17.79%	+5.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	12.34%	-7.42%

Volatility

KIE vs. AMDY - Volatility Comparison

The current volatility for SPDR S&P Insurance ETF (KIE) is 5.39%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.60%. This indicates that KIE 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

	KIE	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	20.60%	-15.21%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	43.29%	-31.66%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	56.05%	-39.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	46.87%	-28.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.21%	46.87%	-25.66%

KIE vs. AMDY - Expense Ratio Comparison

KIE has a 0.35% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

KIE vs. AMDY - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.96%, less than AMDY's 62.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMDY YieldMax AMD Option Income Strategy ETF	62.77%	80.68%	109.98%	6.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KIE SPDR S&P Insurance ETF	1.96%	1.57%	1.48%	1.45%	1.90%	1.95%	1.85%	1.76%	1.83%	1.56%	1.55%	1.65%

Frequently Asked Questions

Can I hold both KIE and AMDY in my portfolio?

KIE and AMDY have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KIE or AMDY?

AMDY has higher volatility (20.60%) compared to KIE (5.39%). In terms of maximum drawdown, KIE dropped -75.30% vs AMDY's -53.92%.

Which ETF is better, KIE or AMDY?

On 1-year performance, AMDY leads with 221.30% vs 0.88% for KIE. On fees, KIE is cheaper at 0.35% per year. On volatility, KIE has been the lower-risk option at 5.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KIE or AMDY?

Over the 1-year period, AMDY has performed better with a 221.30% return vs 0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KIE or AMDY?

KIE is cheaper with a 0.35% expense ratio, compared with 1.23% for AMDY.

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

AMDY has the higher dividend yield at 62.77%, compared with 1.96% for KIE.

What is the main difference between KIE and AMDY?

KIE is categorized as Financials Equities, while AMDY is Derivative Income. They also come from different issuers: State Street and YieldMax ETFs. Their fees differ too: 0.35% for KIE and 1.23% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.98 vs 0.05), 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.