MORT vs. AMZY

Last updated Jun 23, 2026

MORT (VanEck Vectors Mortgage REIT Income ETF) and AMZY (YieldMax AMZN Option Income Strategy ETF) are both exchange-traded funds - MORT is a REIT fund tracking the MVIS Global Mortgage REITs Index, while AMZY is a Derivative Income fund actively managed by YieldMax. MORT is passively managed, while AMZY is actively managed. Over the past year, MORT returned 9.84% vs 5.68% for AMZY. At a 0.28 correlation, their price movements are largely independent. MORT charges 0.42%/yr vs 1.09%/yr for AMZY.

Performance

MORT vs. AMZY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Mortgage REIT Income ETF (MORT) and YieldMax AMZN Option Income Strategy ETF (AMZY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MORT achieves a -1.41% return, which is significantly higher than AMZY's -2.38% return.

MORT

• 1D: -0.79%
• 1M: -0.10%
• YTD: -1.41%
• 6M: -2.52%
• 1Y: 9.84%
• 3Y*: 7.87%
• 5Y*: -2.32%
• 10Y*: 2.42%

AMZY

• 1D: -3.73%
• 1M: -10.79%
• YTD: -2.38%
• 6M: -1.81%
• 1Y: 5.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MORT vs. AMZY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MORT VanEck Vectors Mortgage REIT Income ETF	-1.41%	12.17%	0.14%	1.75%
AMZY YieldMax AMZN Option Income Strategy ETF	-2.38%	10.39%	35.28%	18.03%

Correlation

The correlation between MORT and AMZY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023	0.28

Return for Risk

MORT vs. AMZY — Risk / Return Rank

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

MORT

MORT Risk / Return Rank: 17
MORT Sharpe Ratio Rank: 18
MORT Sortino Ratio Rank: 17
MORT Omega Ratio Rank: 16
MORT Calmar Ratio Rank: 17
MORT Martin Ratio Rank: 17

AMZY

AMZY Risk / Return Rank: 11
AMZY Sharpe Ratio Rank: 12
AMZY Sortino Ratio Rank: 11
AMZY Omega Ratio Rank: 12
AMZY Calmar Ratio Rank: 11
AMZY Martin Ratio Rank: 11

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.

MORT vs. AMZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and YieldMax AMZN Option Income Strategy ETF (AMZY). 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.

	MORT	AMZY	Difference
Sharpe ratio: Return per unit of total volatility	0.59	0.24	+0.35
Sortino ratio: Return per unit of downside risk	0.92	0.48	+0.44
Omega ratio: Gain probability vs. loss probability	1.11	1.06	+0.05
Calmar ratio: Return relative to maximum drawdown	0.69	0.29	+0.40
Martin ratio: Return relative to average drawdown	1.81	0.70	+1.11

MORT vs. AMZY - Sharpe Ratio Comparison

The current MORT Sharpe Ratio is 0.59, which is higher than the AMZY Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of MORT and AMZY, 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

MORT vs. AMZY - Drawdown Comparison

The maximum MORT drawdown since its inception was -70.13%, which is greater than AMZY's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for MORT and AMZY.

Drawdown Indicators

	MORT	AMZY	Difference
Max Drawdown Largest peak-to-trough decline	-70.13%	-23.70%	-46.43%
Max Drawdown (1Y) Largest decline over 1 year	-14.27%	-19.61%	+5.34%
Max Drawdown (3Y) Largest decline over 3 years	-21.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.13%	—	—
Current Drawdown Current decline from peak	-22.71%	-12.84%	-9.87%
Average Drawdown Average peak-to-trough decline	-15.33%	-5.39%	-9.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	8.17%	-2.72%

Volatility

MORT vs. AMZY - Volatility Comparison

The current volatility for VanEck Vectors Mortgage REIT Income ETF (MORT) is 4.74%, while YieldMax AMZN Option Income Strategy ETF (AMZY) has a volatility of 8.10%. This indicates that MORT experiences smaller price fluctuations and is considered to be less risky than AMZY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MORT	AMZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	8.10%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	17.19%	-4.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.84%	24.28%	-7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.70%	25.15%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.88%	25.15%	+3.73%

MORT vs. AMZY - Expense Ratio Comparison

MORT has a 0.42% expense ratio, which is lower than AMZY's 1.09% expense ratio.

Dividends

MORT vs. AMZY - Dividend Comparison

MORT's dividend yield for the trailing twelve months is around 13.20%, less than AMZY's 58.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZY YieldMax AMZN Option Income Strategy ETF	58.63%	52.59%	47.91%	9.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MORT VanEck Vectors Mortgage REIT Income ETF	13.20%	12.76%	11.55%	12.18%	13.09%	8.21%	8.11%	7.36%	8.19%	7.82%	8.21%	9.91%

Frequently Asked Questions

Can I hold both MORT and AMZY in my portfolio?

MORT and AMZY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MORT or AMZY?

AMZY has higher volatility (8.10%) compared to MORT (4.74%). In terms of maximum drawdown, MORT dropped -70.13% vs AMZY's -23.70%.

Which ETF is better, MORT or AMZY?

On 1-year performance, MORT leads with 9.84% vs 5.68% for AMZY. On fees, MORT is cheaper at 0.42% per year. On volatility, MORT has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MORT or AMZY?

Over the 1-year period, MORT has performed better with a 9.84% return vs 5.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MORT or AMZY?

MORT is cheaper with a 0.42% expense ratio, compared with 1.09% for AMZY.

Which ETF pays a higher dividend yield, MORT or AMZY?

AMZY has the higher dividend yield at 58.63%, compared with 13.20% for MORT.

What is the main difference between MORT and AMZY?

MORT is categorized as REIT, while AMZY is Derivative Income. They also come from different issuers: VanEck and YieldMax. Their fees differ too: 0.42% for MORT and 1.09% for AMZY.

Which has better risk-adjusted returns?

MORT currently has the higher Sharpe Ratio (0.59 vs 0.24), 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.