YMAG.L vs. ^NDX
YMAG.L (YieldMax Big Tech Option Income UCITS ETF) is Derivative Income fund actively managed by YieldMax, while ^NDX (NASDAQ 100 Index) is an index. Over the past year, YMAG.L returned 13.89% vs 39.99% for ^NDX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
YMAG.L vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, YMAG.L achieves a 5.78% return, which is significantly lower than ^NDX's 20.43% return.
YMAG.L
- 1D
- -1.10%
- 1M
- 5.50%
- YTD
- 5.78%
- 6M
- 3.41%
- 1Y
- 13.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^NDX
- 1D
- -0.53%
- 1M
- 8.54%
- YTD
- 20.43%
- 6M
- 18.87%
- 1Y
- 39.99%
- 3Y*
- 27.83%
- 5Y*
- 17.17%
- 10Y*
- 20.99%
YMAG.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YMAG.L YieldMax Big Tech Option Income UCITS ETF | 5.78% | 17.67% |
^NDX NASDAQ 100 Index | 20.43% | 27.53% |
Correlation
The correlation between YMAG.L and ^NDX is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.58 |
The correlation between YMAG.L and ^NDX has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.
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Return for Risk
YMAG.L vs. ^NDX — Risk / Return Rank
YMAG.L
^NDX
YMAG.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Big Tech Option Income UCITS ETF (YMAG.L) and NASDAQ 100 Index (^NDX). 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.
| YMAG.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.43 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 3.31 | -2.67 |
| Martin ratioReturn relative to average drawdown | 1.55 | 12.67 | -11.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YMAG.L | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 2.50 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.57 | +0.36 |
Drawdowns
YMAG.L vs. ^NDX - Drawdown Comparison
The maximum YMAG.L drawdown since its inception was -21.32%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for YMAG.L and ^NDX.
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Drawdown Indicators
| YMAG.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.32% | -82.90% | +61.58% |
Max Drawdown (1Y)Largest decline over 1 year | -21.32% | -12.12% | -9.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.56% | — |
Current DrawdownCurrent decline from peak | -2.98% | -0.82% | -2.16% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -24.62% | +18.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.94% | 3.17% | +5.77% |
Volatility
YMAG.L vs. ^NDX - Volatility Comparison
YieldMax Big Tech Option Income UCITS ETF (YMAG.L) has a higher volatility of 5.26% compared to NASDAQ 100 Index (^NDX) at 4.54%. This indicates that YMAG.L's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YMAG.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 4.54% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 12.18% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 16.08% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 22.59% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 22.52% | -0.76% |
Frequently Asked Questions
YMAG.L and ^NDX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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