SEPW vs. AMDY

Last updated Jun 23, 2026

SEPW (AllianzIM U.S. Large Cap Buffer20 Sep ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - SEPW is a Options Trading fund actively managed by Allianz, while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. Both are actively managed. Over the past year, SEPW returned 12.50% vs 221.30% for AMDY. A 0.53 correlation means they provide meaningful diversification when combined. SEPW charges 0.74%/yr vs 1.23%/yr for AMDY.

Performance

SEPW vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Sep ETF (SEPW) 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, SEPW achieves a 4.36% return, which is significantly lower than AMDY's 111.33% return.

SEPW

• 1D: -0.03%
• 1M: 0.54%
• YTD: 4.36%
• 6M: 4.34%
• 1Y: 12.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDY

• 1D: 2.03%
• 1M: 13.75%
• YTD: 111.33%
• 6M: 112.18%
• 1Y: 221.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEPW vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SEPW AllianzIM U.S. Large Cap Buffer20 Sep ETF	4.36%	10.42%	11.05%	4.41%
AMDY YieldMax AMD Option Income Strategy ETF	111.33%	53.93%	-17.00%	25.92%

Correlation

The correlation between SEPW and AMDY is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.53

The correlation between SEPW and AMDY has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

Return for Risk

SEPW vs. AMDY — Risk / Return Rank

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

SEPW

SEPW Risk / Return Rank: 87
SEPW Sharpe Ratio Rank: 86
SEPW Sortino Ratio Rank: 89
SEPW Omega Ratio Rank: 91
SEPW Calmar Ratio Rank: 79
SEPW Martin Ratio Rank: 91

AMDY

AMDY Risk / Return Rank: 92
AMDY Sharpe Ratio Rank: 96
AMDY Sortino Ratio Rank: 90
AMDY Omega Ratio Rank: 91
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 87

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.

SEPW vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Sep ETF (SEPW) 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.

	SEPW	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	2.70	3.98	-1.28
Sortino ratio: Return per unit of downside risk	3.91	4.03	-0.12
Omega ratio: Gain probability vs. loss probability	1.57	1.56	0.00
Calmar ratio: Return relative to maximum drawdown	3.93	8.07	-4.14
Martin ratio: Return relative to average drawdown	20.31	18.01	+2.30

SEPW vs. AMDY - Sharpe Ratio Comparison

The current SEPW Sharpe Ratio is 2.70, which is lower than the AMDY Sharpe Ratio of 3.98. The chart below compares the historical Sharpe Ratios of SEPW 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.

Drawdowns

SEPW vs. AMDY - Drawdown Comparison

The maximum SEPW drawdown since its inception was -8.43%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for SEPW and AMDY.

Drawdown Indicators

	SEPW	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-8.43%	-53.92%	+45.49%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-27.59%	+24.40%
Current Drawdown Current decline from peak	-0.06%	0.00%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.65%	-17.79%	+17.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	12.34%	-11.72%

Volatility

SEPW vs. AMDY - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 Sep ETF (SEPW) is 0.98%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.60%. This indicates that SEPW 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

	SEPW	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	20.60%	-19.62%
Volatility (6M) Calculated over the trailing 6-month period	3.48%	43.29%	-39.81%
Volatility (1Y) Calculated over the trailing 1-year period	4.65%	56.05%	-51.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.42%	46.87%	-40.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.42%	46.87%	-40.45%

SEPW vs. AMDY - Expense Ratio Comparison

SEPW has a 0.74% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

SEPW vs. AMDY - Dividend Comparison

SEPW has not paid dividends to shareholders, while AMDY's dividend yield for the trailing twelve months is around 62.77%.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	62.77%	80.68%	109.98%	6.68%
SEPW AllianzIM U.S. Large Cap Buffer20 Sep ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEPW and AMDY in my portfolio?

SEPW and AMDY have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEPW or AMDY?

AMDY has higher volatility (20.60%) compared to SEPW (0.98%). In terms of maximum drawdown, SEPW dropped -8.43% vs AMDY's -53.92%.

Which ETF is better, SEPW or AMDY?

On 1-year performance, AMDY leads with 221.30% vs 12.50% for SEPW. On fees, SEPW is cheaper at 0.74% per year. On volatility, SEPW has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEPW or AMDY?

Over the 1-year period, AMDY has performed better with a 221.30% return vs 12.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEPW or AMDY?

SEPW is cheaper with a 0.74% expense ratio, compared with 1.23% for AMDY.

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

AMDY has the higher dividend yield at 62.77%, compared with 0.00% for SEPW.

What is the main difference between SEPW and AMDY?

SEPW is categorized as Options Trading, while AMDY is Derivative Income. They also come from different issuers: Allianz and YieldMax ETFs. Their fees differ too: 0.74% for SEPW and 1.23% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.98 vs 2.70), 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.