MIG vs. AMDY

Last updated Jun 24, 2026

MIG (VanEck Moody's Analytics IG Corporate Bond ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - MIG is a Corporate Bonds fund tracking the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. MIG is passively managed, while AMDY is actively managed. Over the past year, MIG returned 4.62% vs 203.83% for AMDY. At a 0.12 correlation, their price movements are largely independent. MIG charges 0.20%/yr vs 1.23%/yr for AMDY.

Performance

MIG vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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, MIG achieves a 0.60% return, which is significantly lower than AMDY's 101.34% return.

MIG

• 1D: 0.12%
• 1M: 0.77%
• YTD: 0.60%
• 6M: 0.76%
• 1Y: 4.62%
• 3Y*: 5.71%
• 5Y*: 0.81%
• 10Y*: —

AMDY

• 1D: -4.73%
• 1M: 8.37%
• YTD: 101.34%
• 6M: 101.99%
• 1Y: 203.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MIG vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MIG VanEck Moody's Analytics IG Corporate Bond ETF	0.60%	7.34%	3.38%	6.64%
AMDY YieldMax AMD Option Income Strategy ETF	101.34%	53.93%	-17.00%	25.92%

Correlation

The correlation between MIG and AMDY is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.12

Return for Risk

MIG vs. AMDY — Risk / Return Rank

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

MIG

MIG Risk / Return Rank: 32
MIG Sharpe Ratio Rank: 33
MIG Sortino Ratio Rank: 32
MIG Omega Ratio Rank: 30
MIG Calmar Ratio Rank: 35
MIG Martin Ratio Rank: 32

AMDY

AMDY Risk / Return Rank: 90
AMDY Sharpe Ratio Rank: 95
AMDY Sortino Ratio Rank: 88
AMDY Omega Ratio Rank: 88
AMDY Calmar Ratio Rank: 95
AMDY Martin Ratio Rank: 84

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.

MIG vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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.

	MIG	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	1.09	3.65	-2.56
Sortino ratio: Return per unit of downside risk	1.59	3.82	-2.23
Omega ratio: Gain probability vs. loss probability	1.19	1.53	-0.34
Calmar ratio: Return relative to maximum drawdown	1.64	7.44	-5.80
Martin ratio: Return relative to average drawdown	4.37	16.58	-12.21

MIG vs. AMDY - Sharpe Ratio Comparison

The current MIG Sharpe Ratio is 1.09, which is lower than the AMDY Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of MIG 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

MIG vs. AMDY - Drawdown Comparison

The maximum MIG drawdown since its inception was -20.98%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for MIG and AMDY.

Drawdown Indicators

	MIG	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-53.92%	+32.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	-27.59%	+24.76%
Max Drawdown (3Y) Largest decline over 3 years	-5.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.98%	—	—
Current Drawdown Current decline from peak	-1.03%	-4.73%	+3.70%
Average Drawdown Average peak-to-trough decline	-6.75%	-17.78%	+11.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	12.35%	-11.29%

Volatility

MIG vs. AMDY - Volatility Comparison

The current volatility for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is 1.16%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 21.35%. This indicates that MIG 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

	MIG	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	21.35%	-20.19%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	43.63%	-40.46%
Volatility (1Y) Calculated over the trailing 1-year period	4.25%	56.19%	-51.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.35%	46.93%	-40.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.20%	46.93%	-40.73%

MIG vs. AMDY - Expense Ratio Comparison

MIG has a 0.20% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

MIG vs. AMDY - Dividend Comparison

MIG's dividend yield for the trailing twelve months is around 4.77%, less than AMDY's 65.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AMDY YieldMax AMD Option Income Strategy ETF	65.88%	80.68%	109.98%	6.68%	0.00%	0.00%	0.00%
MIG VanEck Moody's Analytics IG Corporate Bond ETF	4.77%	4.81%	4.68%	4.38%	3.06%	2.15%	0.18%

Frequently Asked Questions

Can I hold both MIG and AMDY in my portfolio?

MIG and AMDY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIG or AMDY?

AMDY has higher volatility (21.35%) compared to MIG (1.16%). In terms of maximum drawdown, MIG dropped -20.98% vs AMDY's -53.92%.

Which ETF is better, MIG or AMDY?

On 1-year performance, AMDY leads with 203.83% vs 4.62% for MIG. On fees, MIG is cheaper at 0.20% per year. On volatility, MIG has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIG or AMDY?

Over the 1-year period, AMDY has performed better with a 203.83% return vs 4.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIG or AMDY?

MIG is cheaper with a 0.20% expense ratio, compared with 1.23% for AMDY.

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

AMDY has the higher dividend yield at 65.88%, compared with 4.77% for MIG.

What is the main difference between MIG and AMDY?

MIG is categorized as Corporate Bonds, while AMDY is Derivative Income. They also come from different issuers: VanEck and YieldMax ETFs. Their fees differ too: 0.20% for MIG and 1.23% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.65 vs 1.09), 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.