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PYPY vs. AVES
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PYPY vs. AVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Yieldmax PYPL Option Income Strategy ETF (PYPY) and Avantis Emerging Markets Value ETF (AVES). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
35.30%
-0.98%
PYPY
AVES

Returns By Period

In the year-to-date period, PYPY achieves a 44.31% return, which is significantly higher than AVES's 7.06% return.


PYPY

YTD

44.31%

1M

5.98%

6M

35.30%

1Y

54.56%

5Y (annualized)

N/A

10Y (annualized)

N/A

AVES

YTD

7.06%

1M

-3.74%

6M

-0.97%

1Y

12.97%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


PYPYAVES
Sharpe Ratio2.120.84
Sortino Ratio2.651.24
Omega Ratio1.391.16
Calmar Ratio3.711.30
Martin Ratio10.484.13
Ulcer Index5.21%3.14%
Daily Std Dev25.78%15.37%
Max Drawdown-14.70%-27.40%
Current Drawdown0.00%-8.20%

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PYPY vs. AVES - Expense Ratio Comparison

PYPY has a 1.01% expense ratio, which is higher than AVES's 0.36% expense ratio.


PYPY
Yieldmax PYPL Option Income Strategy ETF
Expense ratio chart for PYPY: current value at 1.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.01%
Expense ratio chart for AVES: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%

Correlation

-0.50.00.51.00.4

The correlation between PYPY and AVES is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

PYPY vs. AVES - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) and Avantis Emerging Markets Value ETF (AVES). 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.


Sharpe ratio
The chart of Sharpe ratio for PYPY, currently valued at 2.12, compared to the broader market0.002.004.002.120.84
The chart of Sortino ratio for PYPY, currently valued at 2.65, compared to the broader market-2.000.002.004.006.008.0010.0012.002.651.24
The chart of Omega ratio for PYPY, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.001.391.16
The chart of Calmar ratio for PYPY, currently valued at 3.71, compared to the broader market0.005.0010.0015.0020.003.711.37
The chart of Martin ratio for PYPY, currently valued at 10.48, compared to the broader market0.0020.0040.0060.0080.00100.0010.484.13
PYPY
AVES

The current PYPY Sharpe Ratio is 2.12, which is higher than the AVES Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of PYPY and AVES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.50Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17
2.12
0.84
PYPY
AVES

Dividends

PYPY vs. AVES - Dividend Comparison

PYPY's dividend yield for the trailing twelve months is around 46.55%, more than AVES's 3.70% yield.


TTM202320222021
PYPY
Yieldmax PYPL Option Income Strategy ETF
46.55%5.70%0.00%0.00%
AVES
Avantis Emerging Markets Value ETF
3.70%3.96%3.70%0.62%

Drawdowns

PYPY vs. AVES - Drawdown Comparison

The maximum PYPY drawdown since its inception was -14.70%, smaller than the maximum AVES drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for PYPY and AVES. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-8.20%
PYPY
AVES

Volatility

PYPY vs. AVES - Volatility Comparison

Yieldmax PYPL Option Income Strategy ETF (PYPY) has a higher volatility of 7.03% compared to Avantis Emerging Markets Value ETF (AVES) at 4.98%. This indicates that PYPY's price experiences larger fluctuations and is considered to be riskier than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
7.03%
4.98%
PYPY
AVES