OBIL vs. AMDY

Last updated Jun 4, 2026

OBIL (US Treasury 12 Month Bill ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - OBIL is a Government Bonds fund tracking the ICE BofA US 1-Year Treasury Bill Index - Benchmark TR Gross, while AMDY is a Options Trading fund actively managed by YieldMax. OBIL is passively managed, while AMDY is actively managed. Over the past year, OBIL returned 3.83% vs 240.44% for AMDY. At a correlation of -0.11, they often move in opposite directions. OBIL charges 0.15%/yr vs 0.99%/yr for AMDY.

Performance

OBIL vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 12 Month Bill ETF (OBIL) 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, OBIL achieves a 1.17% return, which is significantly lower than AMDY's 110.49% return.

OBIL

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.17%
• 6M: 1.51%
• 1Y: 3.83%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

AMDY

• 1D: 3.39%
• 1M: 46.76%
• YTD: 110.49%
• 6M: 111.80%
• 1Y: 240.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OBIL vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OBIL US Treasury 12 Month Bill ETF	1.17%	4.19%	4.94%	1.98%
AMDY YieldMax AMD Option Income Strategy ETF	110.49%	53.93%	-17.00%	26.24%

Correlation

The correlation between OBIL and AMDY is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	-0.11

Return for Risk

OBIL vs. AMDY — Risk / Return Rank

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

OBIL

OBIL Risk / Return Rank: 99
OBIL Sharpe Ratio Rank: 99
OBIL Sortino Ratio Rank: 99
OBIL Omega Ratio Rank: 99
OBIL Calmar Ratio Rank: 99
OBIL Martin Ratio Rank: 99

AMDY

AMDY Risk / Return Rank: 93
AMDY Sharpe Ratio Rank: 97
AMDY Sortino Ratio Rank: 92
AMDY Omega Ratio Rank: 92
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 88

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.

OBIL vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 12 Month Bill ETF (OBIL) 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.

	OBIL	AMDY	Difference
Sharpe ratio Return per unit of total volatility	7.07	4.53	+2.54
Sortino ratio Return per unit of downside risk	16.19	4.54	+11.65
Omega ratio Gain probability vs. loss probability	3.70	1.64	+2.06
Calmar ratio Return relative to maximum drawdown	27.56	8.77	+18.79
Martin ratio Return relative to average drawdown	150.40	19.77	+130.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OBIL vs. AMDY - Sharpe Ratio Comparison

The current OBIL Sharpe Ratio is 7.07, which is higher than the AMDY Sharpe Ratio of 4.53. The chart below compares the historical Sharpe Ratios of OBIL 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.

Sharpe Ratios by Period

	OBIL	AMDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.07	4.53	+2.54
Sharpe Ratio (All Time) Calculated using the full available price history	5.38	1.25	+4.12

Drawdowns

OBIL vs. AMDY - Drawdown Comparison

The maximum OBIL drawdown since its inception was -0.33%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for OBIL and AMDY.

Drawdown Indicators

	OBIL	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-0.33%	-53.92%	+53.59%
Max Drawdown (1Y) Largest decline over 1 year	-0.14%	-27.59%	+27.45%
Max Drawdown (3Y) Largest decline over 3 years	-0.21%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	-18.02%	+17.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	12.22%	-12.19%

Volatility

OBIL vs. AMDY - Volatility Comparison

The current volatility for US Treasury 12 Month Bill ETF (OBIL) is 0.10%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.81%. This indicates that OBIL 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

	OBIL	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	20.81%	-20.71%
Volatility (6M) Calculated over the trailing 6-month period	0.33%	39.99%	-39.66%
Volatility (1Y) Calculated over the trailing 1-year period	0.54%	53.40%	-52.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.82%	46.01%	-45.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.82%	46.01%	-45.19%

OBIL vs. AMDY - Expense Ratio Comparison

OBIL has a 0.15% expense ratio, which is lower than AMDY's 0.99% expense ratio.

Dividends

OBIL vs. AMDY - Dividend Comparison

OBIL's dividend yield for the trailing twelve months is around 3.65%, less than AMDY's 54.91% yield.

Position	TTM	2025	2024	2023	2022
AMDY YieldMax AMD Option Income Strategy ETF	54.91%	80.68%	109.98%	6.68%	0.00%
OBIL US Treasury 12 Month Bill ETF	3.65%	3.83%	4.56%	4.92%	0.52%

Frequently Asked Questions

Can I hold both OBIL and AMDY in my portfolio?

OBIL and AMDY have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OBIL or AMDY?

AMDY has higher volatility (20.81%) compared to OBIL (0.10%). In terms of maximum drawdown, OBIL dropped -0.33% vs AMDY's -53.92%.

Which ETF is better, OBIL or AMDY?

On 1-year performance, AMDY leads with 240.44% vs 3.83% for OBIL. On fees, OBIL is cheaper at 0.15% per year. On volatility, OBIL has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OBIL or AMDY?

Over the 1-year period, AMDY has performed better with a 240.44% return vs 3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OBIL or AMDY?

OBIL is cheaper with a 0.15% expense ratio, compared with 0.99% for AMDY.

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

AMDY has the higher dividend yield at 54.91%, compared with 3.65% for OBIL.

What is the main difference between OBIL and AMDY?

OBIL is categorized as Government Bonds, while AMDY is Options Trading. They also come from different issuers: US Benchmark Series and YieldMax. Their fees differ too: 0.15% for OBIL and 0.99% for AMDY.

Which has better risk-adjusted returns?

OBIL currently has the higher Sharpe Ratio (7.07 vs 4.53), 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.