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MAYZ vs. EINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MAYZ vs. EINC

Last updated Aug 2, 2026
Documentation

MAYZ (TrueShares Structured Outcome (May) ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - MAYZ is a Defined Outcome fund tracking the S&P 500 Price Index, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past 5 years, MAYZ returned 8.86%/yr vs 22.71%/yr for EINC. Their 0.37 correlation means their historical movements had little consistent relationship. MAYZ charges 0.79%/yr vs 0.46%/yr for EINC.

Performance

MAYZ vs. EINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (May) ETF (MAYZ) and VanEck Energy Income ETF (EINC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MAYZ achieves a 7.81% return, which is significantly lower than EINC's 28.58% return.

MAYZ

1D
0.72%
1M
0.23%
6M
6.72%
YTD
7.81%
1Y
16.44%
3Y*
14.31%
5Y*
8.86%
10Y*
—
ALL TIME*
9.16%

EINC

1D
0.38%
1M
3.68%
6M
19.53%
YTD
28.58%
1Y
30.49%
3Y*
27.39%
5Y*
22.71%
10Y*
11.84%
ALL TIME*
1.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EINC

VanEck Energy Income ETF
$1.20M$2.80M$2.21M

MAYZ

TrueShares Structured Outcome (May) ETF
$17.31K$18.56K$174.11K

MAYZ vs. EINC - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MAYZ
TrueShares Structured Outcome (May) ETF		7.81%13.70%17.68%15.90%-13.98%10.08%
EINC
VanEck Energy Income ETF		28.58%7.11%42.79%15.55%19.18%9.17%

Correlation

The correlation between MAYZ and EINC is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.14

Correlation (3Y)
Balances recent behavior with more history.

0.21

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.36

Correlation (All Time)
Calculated using the full available price history since May 3, 2021

0.37

The correlation between MAYZ and EINC shifts across timeframes, from -0.14 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

MAYZ vs. EINC - Sectors Allocation Comparison

Sectors
MAYZ
EINC

Technology

37.9%

-

Financial Services

11.7%

-

Communication Services

10.0%

-

Consumer Cyclical

9.6%

-

Healthcare

9.1%

-

Industrials

8.4%
0.6%

Consumer Defensive

4.6%

-

Energy

3.0%
99.5%

Utilities

2.3%
0.5%

Real Estate

1.9%

-

Basic Materials

1.7%

-

Technology

MAYZ
37.9%
EINC

-

Financial Services

MAYZ
11.7%
EINC

-

Communication Services

MAYZ
10.0%
EINC

-

Consumer Cyclical

MAYZ
9.6%
EINC

-

Healthcare

MAYZ
9.1%
EINC

-

Industrials

MAYZ
8.4%
EINC
0.6%

Consumer Defensive

MAYZ
4.6%
EINC

-

Energy

MAYZ
3.0%
EINC
99.5%

Utilities

MAYZ
2.3%
EINC
0.5%

Real Estate

MAYZ
1.9%
EINC

-

Basic Materials

MAYZ
1.7%
EINC

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TrueShares Structured Outcome (May) ETF

VanEck Energy Income ETF

Often compared with MAYZ:
MAYZ vs. AUGZMAYZ vs. APRZMAYZ vs. FBUFMAYZ vs. BNOMAYZ vs. DBEMAYZ vs. PMMYMAYZ vs. DBO
Often compared with EINC:
EINC vs. XLEEINC vs. BIZDEINC vs. EMLPEINC vs. SMHEINC vs. IXCEINC vs. VPUEINC vs. ERY

Return for Risk

MAYZ vs. EINC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
MAYZ
MAYZ Risk / Return Rank: 5555
Overall Rank
MAYZ Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
MAYZ Sortino Ratio Rank: 5656
Sortino Ratio Rank
MAYZ Omega Ratio Rank: 5555
Omega Ratio Rank
MAYZ Calmar Ratio Rank: 4848
Calmar Ratio Rank
MAYZ Martin Ratio Rank: 6161
Martin Ratio Rank
EINC
EINC Risk / Return Rank: 8383
Overall Rank
EINC Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
EINC Sortino Ratio Rank: 8282
Sortino Ratio Rank
EINC Omega Ratio Rank: 8282
Omega Ratio Rank
EINC Calmar Ratio Rank: 9090
Calmar Ratio Rank
EINC Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAYZ vs. EINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (May) ETF (MAYZ) and VanEck Energy Income ETF (EINC). 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.

MAYZEINCDifference
Sharpe ratioReturn per unit of total volatility
1.38
1.98

-0.61

Sortino ratioReturn per unit of downside risk
1.96
2.69

-0.73

Omega ratioGain probability vs. loss probability

1.24

1.35

-0.10

Calmar ratioReturn relative to maximum drawdown

1.73

3.87

-2.14

Martin ratioReturn relative to average drawdown

7.43

9.46

-2.03

MAYZ vs. EINC - Sharpe Ratio Comparison

The current MAYZ Sharpe Ratio is 1.38, which is lower than the EINC Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of MAYZ and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MAYZ vs. EINC - Drawdown Comparison

The maximum MAYZ drawdown since its inception was -19.23%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for MAYZ and EINC.

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Drawdown Indicators

MAYZEINCDifference

Max Drawdown

Largest peak-to-trough decline

-19.23%

-87.55%

+68.32%

Max Drawdown (1Y)

Largest decline over 1 year

-8.73%

-7.89%

-0.84%

Max Drawdown (3Y)

Largest decline over 3 years

-13.88%

-16.01%

+2.13%

Max Drawdown (5Y)

Largest decline over 5 years

-19.23%

-19.87%

+0.64%

Max Drawdown (10Y)

Largest decline over 10 years

—

-68.85%

—

Current Drawdown

Current decline from peak

-1.14%

-2.52%

+1.38%

Average Drawdown

Average peak-to-trough decline

-4.66%

-43.84%

+39.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

3.22%

-1.19%

Volatility

MAYZ vs. EINC - Volatility Comparison

The current volatility for TrueShares Structured Outcome (May) ETF (MAYZ) is 2.84%, while VanEck Energy Income ETF (EINC) has a volatility of 5.57%. This indicates that MAYZ experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MAYZEINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

5.57%

-2.73%

Volatility (6M)

Calculated over the trailing 6-month period

8.78%

12.63%

-3.85%

Volatility (1Y)

Calculated over the trailing 1-year period

10.99%

15.42%

-4.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.16%

19.49%

-7.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.01%

25.33%

-13.32%

MAYZ vs. EINC - Expense Ratio Comparison

MAYZ has a 0.79% expense ratio, which is higher than EINC's 0.46% expense ratio.

Dividends

MAYZ vs. EINC - Dividend Comparison

MAYZ's dividend yield for the trailing twelve months is around 2.00%, less than EINC's 3.44% yield.

PositionTTM20252024202320222021202020192018201720162015
EINC
VanEck Energy Income ETF		2.47%4.51%3.33%3.77%2.89%6.03%6.69%9.66%11.31%8.53%9.71%28.53%
MAYZ
TrueShares Structured Outcome (May) ETF		2.00%2.15%1.95%2.75%0.69%1.90%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MAYZ and EINC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EINC has higher volatility (5.57%) compared to MAYZ (2.84%). In terms of maximum drawdown, MAYZ dropped -19.23% vs EINC's -87.55%.

On 5-year performance, EINC leads with 22.71% vs 8.86% for MAYZ. On fees, EINC is cheaper at 0.46% per year. On volatility, MAYZ has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EINC has performed better with a 22.71% return vs 8.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EINC is cheaper with a 0.46% expense ratio, compared with 0.79% for MAYZ.

EINC has the higher dividend yield at 2.47%, compared with 2.00% for MAYZ.

MAYZ is categorized as Defined Outcome, while EINC is Energy Equities. MAYZ tracks S&P 500 Price Index, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: TrueShares and VanEck. Their fees differ too: 0.79% for MAYZ and 0.46% for EINC.

EINC currently has the higher Sharpe Ratio (1.98 vs 1.38), 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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