ODTE vs. AMDY

Last updated Jul 3, 2026

ODTE (VegaShares SPX NDX RTY Premium Income ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 1.23%/yr for AMDY.

Performance

ODTE vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares SPX NDX RTY Premium Income ETF (ODTE) and YieldMax AMD Option Income Strategy ETF (AMDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODTE

• 1D: -0.88%
• 1M: -2.97%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDY

• 1D: -2.39%
• 1M: 0.59%
• 6M: 104.78%
• YTD: 104.78%
• 1Y: 196.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ODTE vs. AMDY - Yearly Performance Comparison

	2026 (YTD)
ODTE VegaShares SPX NDX RTY Premium Income ETF	11.25%
AMDY YieldMax AMD Option Income Strategy ETF	113.32%

Correlation

The correlation between ODTE and AMDY is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.71

Return for Risk

ODTE vs. AMDY — Risk / Return Rank

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

ODTE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AMDY

AMDY Risk / Return Rank: 93
AMDY Sharpe Ratio Rank: 96
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.

ODTE vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.

	ODTE	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.50	—
Sortino ratio: Return per unit of downside risk	—	3.72	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	7.17	—
Martin ratio: Return relative to average drawdown	—	15.98	—

Drawdowns

ODTE vs. AMDY - Drawdown Comparison

The maximum ODTE drawdown since its inception was -4.67%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for ODTE and AMDY.

Drawdown Indicators

	ODTE	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-4.67%	-53.92%	+49.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-27.59%	—
Current Drawdown Current decline from peak	-2.97%	-8.02%	+5.05%
Average Drawdown Average peak-to-trough decline	-1.06%	-17.63%	+16.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.35%	—

Volatility

Volatility by Period

	ODTE	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	44.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	56.61%	-41.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	47.05%	-31.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	47.05%	-31.54%

ODTE vs. AMDY - Expense Ratio Comparison

ODTE has a 0.76% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

ODTE vs. AMDY - Dividend Comparison

ODTE's dividend yield for the trailing twelve months is around 3.27%, less than AMDY's 65.61% yield.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	65.61%	80.68%	109.98%	6.68%
ODTE VegaShares SPX NDX RTY Premium Income ETF	3.27%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ODTE and AMDY in my portfolio?

ODTE and AMDY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ODTE or AMDY?

On fees, ODTE is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODTE or AMDY?

ODTE is cheaper with a 0.76% expense ratio, compared with 1.23% for AMDY.

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

AMDY has the higher dividend yield at 65.61%, compared with 3.27% for ODTE.

What is the main difference between ODTE and AMDY?

They also come from different issuers: VegaShares and YieldMax ETFs. Their fees differ too: 0.76% for ODTE and 1.23% for AMDY.