MORT vs. AMZY
MORT (VanEck 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 US 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 3 years, MORT returned 5.10%/yr vs 24.27%/yr for AMZY. Their 0.27 correlation means their historical movements had little consistent relationship. MORT charges 0.43%/yr vs 1.09%/yr for AMZY.
Performance
MORT vs. AMZY - Performance Comparison
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Returns By Period
In the year-to-date period, MORT achieves a -0.58% return, which is significantly lower than AMZY's 10.52% return.
MORT
- 1D
- -0.92%
- 1M
- -2.42%
- 6M
- -3.43%
- YTD
- -0.58%
- 1Y
- 6.58%
- 3Y*
- 5.10%
- 5Y*
- -1.44%
- 10Y*
- 1.92%
- ALL TIME*
- 4.02%
AMZY
- 1D
- 12.51%
- 1M
- 10.78%
- 6M
- 8.94%
- YTD
- 10.52%
- 1Y
- 17.47%
- 3Y*
- 24.27%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.19M | $2.74M | $4.75M | |
| $12.54M | $14.16M | $9.94M |
MORT vs. AMZY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MORT VanEck Mortgage REIT Income ETF | -0.58% | 12.17% | 0.14% | 1.75% |
AMZY YieldMax AMZN Option Income Strategy ETF | 10.52% | 10.39% | 35.28% | 18.03% |
Correlation
The correlation between MORT and AMZY is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.27 |
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Return for Risk
MORT vs. AMZY — Risk / Return Rank
MORT
AMZY
MORT vs. AMZY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck 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 ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.48 | +0.01 |
| Martin ratioReturn relative to average drawdown | 1.19 | 1.06 | +0.13 |
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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.
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Drawdown Indicators
| MORT | AMZY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -19.93% | -23.70% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -42.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.13% | — | — |
Current DrawdownCurrent decline from peak | -22.06% | -1.31% | -20.75% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -5.58% | -9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | 8.94% | -3.06% |
Volatility
MORT vs. AMZY - Volatility Comparison
The current volatility for VanEck Mortgage REIT Income ETF (MORT) is 4.96%, while YieldMax AMZN Option Income Strategy ETF (AMZY) has a volatility of 13.48%. 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.
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Volatility by Period
| MORT | AMZY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 13.48% | -8.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 21.27% | -8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.99% | 27.98% | -10.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.58% | 26.08% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 26.08% | +2.80% |
MORT vs. AMZY - Expense Ratio Comparison
MORT has a 0.43% 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 15.36%, less than AMZY's 46.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZY YieldMax AMZN Option Income Strategy ETF | 46.74% | 52.59% | 47.91% | 9.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MORT VanEck Mortgage REIT Income ETF | 15.36% | 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
MORT and AMZY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZY has higher volatility (13.48%) compared to MORT (4.96%). In terms of maximum drawdown, MORT dropped -70.13% vs AMZY's -23.70%.
On 3-year performance, AMZY leads with 24.27% vs 5.10% for MORT. On fees, MORT is cheaper at 0.43% per year. On volatility, MORT has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AMZY has performed better with a 24.27% return vs 5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MORT is cheaper with a 0.43% expense ratio, compared with 1.09% for AMZY.
AMZY has the higher dividend yield at 46.74%, compared with 15.36% for MORT.
MORT is categorized as REIT, while AMZY is Derivative Income. They also come from different issuers: VanEck and YieldMax. Their fees differ too: 0.43% for MORT and 1.09% for AMZY.
MORT currently has the higher Sharpe Ratio (0.41 vs 0.34), 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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