PYPY vs. AVES
Compare and contrast key facts about Yieldmax PYPL Option Income Strategy ETF (PYPY) and Avantis Emerging Markets Value ETF (AVES).
PYPY and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYPY is an actively managed fund by YieldMax. It was launched on Sep 25, 2023. AVES is an actively managed fund by American Century Investments. It was launched on Sep 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYPY or AVES.
Key characteristics
| PYPY | AVES | |
|---|---|---|
| YTD Return | 43.26% | 7.00% |
| 1Y Return | 58.82% | 16.32% |
| Sharpe Ratio | 2.25 | 1.05 |
| Sortino Ratio | 2.78 | 1.52 |
| Omega Ratio | 1.41 | 1.19 |
| Calmar Ratio | 3.95 | 1.35 |
| Martin Ratio | 11.17 | 5.99 |
| Ulcer Index | 5.20% | 2.74% |
| Daily Std Dev | 25.79% | 15.61% |
| Max Drawdown | -14.70% | -27.40% |
| Current Drawdown | -0.31% | -8.25% |
Correlation
The correlation between PYPY and AVES is 0.39, 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.
Performance
PYPY vs. AVES - Performance Comparison
In the year-to-date period, PYPY achieves a 43.26% return, which is significantly higher than AVES's 7.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
PYPY vs. AVES - Dividend Comparison
PYPY's dividend yield for the trailing twelve months is around 42.35%, more than AVES's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
PYPY Yieldmax PYPL Option Income Strategy ETF | 42.35% | 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.
Volatility
PYPY vs. AVES - Volatility Comparison
Yieldmax PYPL Option Income Strategy ETF (PYPY) has a higher volatility of 6.93% compared to Avantis Emerging Markets Value ETF (AVES) at 5.59%. 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.