WEEL vs. AMDY

Last updated Jun 24, 2026

WEEL (Peerless Option Income Wheel ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, WEEL returned 16.22% vs 203.83% for AMDY. A 0.52 correlation means they provide meaningful diversification when combined. WEEL charges 0.99%/yr vs 1.23%/yr for AMDY.

Performance

WEEL vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Peerless Option Income Wheel ETF (WEEL) 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, WEEL achieves a 4.37% return, which is significantly lower than AMDY's 101.34% return.

WEEL

• 1D: -0.05%
• 1M: -0.50%
• YTD: 4.37%
• 6M: 4.65%
• 1Y: 16.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDY

• 1D: -4.73%
• 1M: 8.37%
• YTD: 101.34%
• 6M: 101.99%
• 1Y: 203.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEEL vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEEL Peerless Option Income Wheel ETF	4.37%	17.73%	3.10%
AMDY YieldMax AMD Option Income Strategy ETF	101.34%	53.93%	-15.83%

Correlation

The correlation between WEEL and AMDY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 16, 2024	0.52

The correlation between WEEL and AMDY has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.

Return for Risk

WEEL vs. AMDY — Risk / Return Rank

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

WEEL

WEEL Risk / Return Rank: 74
WEEL Sharpe Ratio Rank: 65
WEEL Sortino Ratio Rank: 72
WEEL Omega Ratio Rank: 72
WEEL Calmar Ratio Rank: 74
WEEL Martin Ratio Rank: 85

AMDY

AMDY Risk / Return Rank: 90
AMDY Sharpe Ratio Rank: 95
AMDY Sortino Ratio Rank: 88
AMDY Omega Ratio Rank: 88
AMDY Calmar Ratio Rank: 95
AMDY Martin Ratio Rank: 84

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.

WEEL vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) 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.

	WEEL	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	1.98	3.65	-1.67
Sortino ratio: Return per unit of downside risk	2.99	3.82	-0.83
Omega ratio: Gain probability vs. loss probability	1.39	1.53	-0.14
Calmar ratio: Return relative to maximum drawdown	3.54	7.44	-3.90
Martin ratio: Return relative to average drawdown	16.45	16.58	-0.14

WEEL vs. AMDY - Sharpe Ratio Comparison

The current WEEL Sharpe Ratio is 1.98, which is lower than the AMDY Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of WEEL 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

WEEL vs. AMDY - Drawdown Comparison

The maximum WEEL drawdown since its inception was -17.45%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for WEEL and AMDY.

Drawdown Indicators

	WEEL	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-53.92%	+36.47%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-27.59%	+22.99%
Current Drawdown Current decline from peak	-1.49%	-4.73%	+3.24%
Average Drawdown Average peak-to-trough decline	-1.44%	-17.78%	+16.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	12.35%	-11.36%

Volatility

WEEL vs. AMDY - Volatility Comparison

The current volatility for Peerless Option Income Wheel ETF (WEEL) is 2.94%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 21.35%. This indicates that WEEL 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

	WEEL	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	21.35%	-18.41%
Volatility (6M) Calculated over the trailing 6-month period	6.39%	43.63%	-37.24%
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	56.19%	-47.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.81%	46.93%	-34.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.81%	46.93%	-34.12%

WEEL vs. AMDY - Expense Ratio Comparison

WEEL has a 0.99% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

WEEL vs. AMDY - Dividend Comparison

WEEL's dividend yield for the trailing twelve months is around 12.56%, less than AMDY's 65.88% yield.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	65.88%	80.68%	109.98%	6.68%
WEEL Peerless Option Income Wheel ETF	12.56%	12.72%	6.88%	0.00%

Frequently Asked Questions

Can I hold both WEEL and AMDY in my portfolio?

WEEL and AMDY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEEL or AMDY?

AMDY has higher volatility (21.35%) compared to WEEL (2.94%). In terms of maximum drawdown, WEEL dropped -17.45% vs AMDY's -53.92%.

Which ETF is better, WEEL or AMDY?

On 1-year performance, AMDY leads with 203.83% vs 16.22% for WEEL. On fees, WEEL is cheaper at 0.99% per year. On volatility, WEEL has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEL or AMDY?

Over the 1-year period, AMDY has performed better with a 203.83% return vs 16.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEL or AMDY?

WEEL is cheaper with a 0.99% expense ratio, compared with 1.23% for AMDY.

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

AMDY has the higher dividend yield at 65.88%, compared with 12.56% for WEEL.

What is the main difference between WEEL and AMDY?

They also come from different issuers: Peerless ETFs and YieldMax ETFs. Their fees differ too: 0.99% for WEEL and 1.23% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.65 vs 1.98), 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.