VYM vs. AMDY

Last updated Jun 4, 2026

VYM (Vanguard High Dividend Yield ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - VYM is a Dividend fund tracking the FTSE High Dividend Yield Index, while AMDY is a Options Trading fund actively managed by YieldMax. VYM is passively managed, while AMDY is actively managed. Over the past year, VYM returned 26.16% vs 240.44% for AMDY. At a 0.36 correlation, their price movements are largely independent. VYM charges 0.04%/yr vs 0.99%/yr for AMDY.

Performance

VYM vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard High Dividend Yield ETF (VYM) 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, VYM achieves a 12.47% return, which is significantly lower than AMDY's 110.49% return.

VYM

• 1D: -0.43%
• 1M: 3.38%
• YTD: 12.47%
• 6M: 12.01%
• 1Y: 26.16%
• 3Y*: 18.88%
• 5Y*: 11.48%
• 10Y*: 11.90%

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)

VYM vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VYM Vanguard High Dividend Yield ETF	12.47%	15.42%	17.60%	5.63%
AMDY YieldMax AMD Option Income Strategy ETF	110.49%	53.93%	-17.00%	26.24%

Correlation

The correlation between VYM and AMDY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 20, 2023	0.36

Return for Risk

VYM vs. AMDY — Risk / Return Rank

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

VYM

VYM Risk / Return Rank: 77
VYM Sharpe Ratio Rank: 77
VYM Sortino Ratio Rank: 80
VYM Omega Ratio Rank: 76
VYM Calmar Ratio Rank: 76
VYM Martin Ratio Rank: 75

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.

VYM vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield ETF (VYM) 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.

	VYM	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	2.56	4.53	-1.97
Sortino ratio: Return per unit of downside risk	3.65	4.54	-0.89
Omega ratio: Gain probability vs. loss probability	1.46	1.64	-0.18
Calmar ratio: Return relative to maximum drawdown	3.93	8.77	-4.85
Martin ratio: Return relative to average drawdown	14.76	19.77	-5.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VYM vs. AMDY - Sharpe Ratio Comparison

The current VYM Sharpe Ratio is 2.56, which is lower than the AMDY Sharpe Ratio of 4.53. The chart below compares the historical Sharpe Ratios of VYM 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

	VYM	AMDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	4.53	-1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.25	-0.74

Drawdowns

VYM vs. AMDY - Drawdown Comparison

The maximum VYM drawdown since its inception was -56.98%, which is greater than AMDY's maximum drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for VYM and AMDY.

Drawdown Indicators

	VYM	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-56.98%	-53.92%	-3.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.69%	-27.59%	+20.90%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	—	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-7.19%	-18.02%	+10.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	12.22%	-10.44%

Volatility

VYM vs. AMDY - Volatility Comparison

The current volatility for Vanguard High Dividend Yield ETF (VYM) is 2.77%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 20.81%. This indicates that VYM 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

	VYM	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.77%	20.81%	-18.04%
Volatility (6M) Calculated over the trailing 6-month period	7.67%	39.99%	-32.32%
Volatility (1Y) Calculated over the trailing 1-year period	10.28%	53.40%	-43.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.96%	46.01%	-32.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	46.01%	-29.67%

VYM vs. AMDY - Expense Ratio Comparison

VYM has a 0.04% expense ratio, which is lower than AMDY's 0.99% expense ratio.

Dividends

VYM vs. AMDY - Dividend Comparison

VYM's dividend yield for the trailing twelve months is around 2.19%, less than AMDY's 54.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
VYM Vanguard High Dividend Yield ETF	2.19%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

Frequently Asked Questions

Can I hold both VYM and AMDY in my portfolio?

VYM and AMDY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VYM or AMDY?

AMDY has higher volatility (20.81%) compared to VYM (2.77%). In terms of maximum drawdown, VYM dropped -56.98% vs AMDY's -53.92%.

Which ETF is better, VYM or AMDY?

On 1-year performance, AMDY leads with 240.44% vs 26.16% for VYM. On fees, VYM is cheaper at 0.04% per year. On volatility, VYM has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VYM or AMDY?

Over the 1-year period, AMDY has performed better with a 240.44% return vs 26.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VYM or AMDY?

VYM is cheaper with a 0.04% expense ratio, compared with 0.99% for AMDY.

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

AMDY has the higher dividend yield at 54.91%, compared with 2.19% for VYM.

What is the main difference between VYM and AMDY?

VYM is categorized as Dividend, while AMDY is Options Trading. They also come from different issuers: Vanguard and YieldMax. Their fees differ too: 0.04% for VYM and 0.99% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (4.53 vs 2.56), 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.