UDIV vs. AMDY

Last updated Jun 4, 2026

UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced Select Index, while AMDY is a Options Trading fund actively managed by YieldMax. UDIV is passively managed, while AMDY is actively managed. Over the past year, UDIV returned 33.63% vs 240.44% for AMDY. A 0.59 correlation means they provide meaningful diversification when combined. UDIV charges 0.06%/yr vs 0.99%/yr for AMDY.

Performance

UDIV vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Core Dividend Tilt Index ETF (UDIV) 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, UDIV achieves a 14.99% return, which is significantly lower than AMDY's 110.49% return.

UDIV

• 1D: -0.69%
• 1M: 6.05%
• YTD: 14.99%
• 6M: 14.91%
• 1Y: 33.63%
• 3Y*: 24.66%
• 5Y*: 14.04%
• 10Y*: —

AMDY

• 1D: 3.39%
• 1M: 46.76%
• YTD: 110.49%
• 6M: 111.80%
• 1Y: 240.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UDIV vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UDIV Franklin U.S. Core Dividend Tilt Index ETF	14.99%	19.00%	25.61%	8.46%
AMDY YieldMax AMD Option Income Strategy ETF	110.49%	53.93%	-17.00%	26.24%

Correlation

The correlation between UDIV and AMDY is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	0.59

The correlation between UDIV and AMDY has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

Return for Risk

UDIV vs. AMDY — Risk / Return Rank

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

UDIV

UDIV Risk / Return Rank: 83
UDIV Sharpe Ratio Rank: 85
UDIV Sortino Ratio Rank: 84
UDIV Omega Ratio Rank: 84
UDIV Calmar Ratio Rank: 78
UDIV Martin Ratio Rank: 86

AMDY

AMDY Risk / Return Rank: 93
AMDY Sharpe Ratio Rank: 97
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.

UDIV vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) 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.

	UDIV	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	2.83	4.53	-1.70
Sortino ratio: Return per unit of downside risk	3.81	4.54	-0.73
Omega ratio: Gain probability vs. loss probability	1.52	1.64	-0.12
Calmar ratio: Return relative to maximum drawdown	4.00	8.77	-4.77
Martin ratio: Return relative to average drawdown	18.28	19.77	-1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UDIV vs. AMDY - Sharpe Ratio Comparison

The current UDIV Sharpe Ratio is 2.83, which is lower than the AMDY Sharpe Ratio of 4.53. The chart below compares the historical Sharpe Ratios of UDIV 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.

Sharpe Ratios by Period

	UDIV	AMDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.83	4.53	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.25	-0.51

Drawdowns

UDIV vs. AMDY - Drawdown Comparison

The maximum UDIV drawdown since its inception was -35.21%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for UDIV and AMDY.

Drawdown Indicators

	UDIV	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-53.92%	+18.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-27.59%	+19.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	—	—
Current Drawdown Current decline from peak	-0.69%	0.00%	-0.69%
Average Drawdown Average peak-to-trough decline	-4.64%	-18.02%	+13.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	12.22%	-10.38%

Volatility

UDIV vs. AMDY - Volatility Comparison

The current volatility for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) is 2.98%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.81%. This indicates that UDIV 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

	UDIV	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	20.81%	-17.83%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	39.99%	-31.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	53.40%	-41.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	46.01%	-30.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	46.01%	-29.74%

UDIV vs. AMDY - Expense Ratio Comparison

UDIV has a 0.06% expense ratio, which is lower than AMDY's 0.99% expense ratio.

Dividends

UDIV vs. AMDY - Dividend Comparison

UDIV's dividend yield for the trailing twelve months is around 1.40%, less than AMDY's 54.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AMDY YieldMax AMD Option Income Strategy ETF	54.91%	80.68%	109.98%	6.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.40%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%

Frequently Asked Questions

Can I hold both UDIV and AMDY in my portfolio?

UDIV and AMDY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDIV or AMDY?

AMDY has higher volatility (20.81%) compared to UDIV (2.98%). In terms of maximum drawdown, UDIV dropped -35.21% vs AMDY's -53.92%.

Which ETF is better, UDIV or AMDY?

On 1-year performance, AMDY leads with 240.44% vs 33.63% for UDIV. On fees, UDIV is cheaper at 0.06% per year. On volatility, UDIV has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDIV or AMDY?

Over the 1-year period, AMDY has performed better with a 240.44% return vs 33.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDIV or AMDY?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.99% for AMDY.

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

AMDY has the higher dividend yield at 54.91%, compared with 1.40% for UDIV.

What is the main difference between UDIV and AMDY?

UDIV is categorized as Dividend, while AMDY is Options Trading. They also come from different issuers: Franklin Templeton and YieldMax. Their fees differ too: 0.06% for UDIV and 0.99% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (4.53 vs 2.83), 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.