QDTY vs. YMAG

Last updated Jul 14, 2026

QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) are both exchange-traded funds - QDTY is a Nasdaq-100 fund actively managed by YieldMax, while YMAG is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, QDTY returned 25.52% vs 17.51% for YMAG. A 0.79 correlation means they provide meaningful diversification when combined. QDTY charges 1.01%/yr vs 1.28%/yr for YMAG.

Performance

QDTY vs. YMAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTY achieves a 11.28% return, which is significantly higher than YMAG's 1.13% return.

QDTY

• 1D: -1.84%
• 1M: -0.16%
• 6M: 9.68%
• YTD: 11.28%
• 1Y: 25.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAG

• 1D: -0.93%
• 1M: 2.28%
• 6M: 1.34%
• YTD: 1.13%
• 1Y: 17.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDTY vs. YMAG - Yearly Performance Comparison

	2026 (YTD)	2025
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	11.28%	12.21%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	1.13%	20.07%

Correlation

The correlation between QDTY and YMAG is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.79

The correlation between QDTY and YMAG has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

QDTY vs. YMAG - Sectors Allocation Comparison

Sectors	QDTY	YMAG
Technology	58.5%	-
Communication Services	14.3%	-
Consumer Cyclical	11.4%	-
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.8%	-
Utilities	1.2%	-
Basic Materials	1.0%	-
Energy	0.5%	-
Financial Services	0.2%	99.0%
Real Estate	0.1%	-

Return for Risk

QDTY vs. YMAG — Risk / Return Rank

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

QDTY

QDTY Risk / Return Rank: 54
QDTY Sharpe Ratio Rank: 53
QDTY Sortino Ratio Rank: 49
QDTY Omega Ratio Rank: 52
QDTY Calmar Ratio Rank: 58
QDTY Martin Ratio Rank: 57

YMAG

YMAG Risk / Return Rank: 32
YMAG Sharpe Ratio Rank: 35
YMAG Sortino Ratio Rank: 33
YMAG Omega Ratio Rank: 32
YMAG Calmar Ratio Rank: 30
YMAG Martin Ratio Rank: 32

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.

QDTY vs. YMAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG). 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.

	QDTY	YMAG	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.02	+0.43
Sortino ratio: Return per unit of downside risk	1.96	1.45	+0.51
Omega ratio: Gain probability vs. loss probability	1.26	1.18	+0.08
Calmar ratio: Return relative to maximum drawdown	2.31	1.22	+1.09
Martin ratio: Return relative to average drawdown	7.86	3.73	+4.12

QDTY vs. YMAG - Sharpe Ratio Comparison

The current QDTY Sharpe Ratio is 1.45, which is higher than the YMAG Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of QDTY and YMAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QDTY vs. YMAG - Drawdown Comparison

The maximum QDTY drawdown since its inception was -23.45%, smaller than the maximum YMAG drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for QDTY and YMAG.

Drawdown Indicators

	QDTY	YMAG	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-25.96%	+2.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-14.38%	+3.28%
Current Drawdown Current decline from peak	-4.37%	-5.21%	+0.84%
Average Drawdown Average peak-to-trough decline	-4.40%	-4.62%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	4.70%	-1.44%

Volatility

QDTY vs. YMAG - Volatility Comparison

YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) has a higher volatility of 7.90% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 6.35%. This indicates that QDTY's price experiences larger fluctuations and is considered to be riskier than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTY	YMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.90%	6.35%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	14.61%	13.44%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.65%	17.27%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.13%	20.99%	+5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.13%	20.99%	+5.14%

QDTY vs. YMAG - Expense Ratio Comparison

QDTY has a 1.01% expense ratio, which is lower than YMAG's 1.28% expense ratio.

Dividends

QDTY vs. YMAG - Dividend Comparison

QDTY's dividend yield for the trailing twelve months is around 33.58%, less than YMAG's 51.40% yield.

Position	TTM	2025	2024
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	33.58%	26.82%	0.00%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	51.40%	52.27%	35.22%

Frequently Asked Questions

Can I hold both QDTY and YMAG in my portfolio?

QDTY and YMAG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDTY or YMAG?

QDTY has higher volatility (7.90%) compared to YMAG (6.35%). In terms of maximum drawdown, QDTY dropped -23.45% vs YMAG's -25.96%.

Which ETF is better, QDTY or YMAG?

On 1-year performance, QDTY leads with 25.52% vs 17.51% for YMAG. On fees, QDTY is cheaper at 1.01% per year. On volatility, YMAG has been the lower-risk option at 6.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTY or YMAG?

Over the 1-year period, QDTY has performed better with a 25.52% return vs 17.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTY or YMAG?

QDTY is cheaper with a 1.01% expense ratio, compared with 1.28% for YMAG.

Which ETF pays a higher dividend yield, QDTY or YMAG?

YMAG has the higher dividend yield at 51.40%, compared with 33.58% for QDTY.

What is the main difference between QDTY and YMAG?

QDTY is categorized as Nasdaq-100, while YMAG is Derivative Income. Their fees differ too: 1.01% for QDTY and 1.28% for YMAG.

Which has better risk-adjusted returns?

QDTY currently has the higher Sharpe Ratio (1.45 vs 1.02), 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.