YMAG.L vs. ^NDX

Last updated Jun 5, 2026

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

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Big Tech Option Income UCITS ETF (YMAG.L) and NASDAQ 100 Index (^NDX). The values are adjusted to include any dividend payments, if applicable.

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%

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

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.

Return for Risk

YMAG.L vs. ^NDX — Risk / Return Rank

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

YMAG.L

YMAG.L Risk / Return Rank: 20
YMAG.L Sharpe Ratio Rank: 23
YMAG.L Sortino Ratio Rank: 22
YMAG.L Omega Ratio Rank: 22
YMAG.L Calmar Ratio Rank: 17
YMAG.L Martin Ratio Rank: 17

^NDX

^NDX Risk / Return Rank: 83
^NDX Sharpe Ratio Rank: 84
^NDX Sortino Ratio Rank: 84
^NDX Omega Ratio Rank: 82
^NDX Calmar Ratio Rank: 83
^NDX Martin Ratio Rank: 80

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.

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 ratio: Return per unit of total volatility	0.76	2.50	-1.74
Sortino ratio: Return per unit of downside risk	1.15	3.29	-2.13
Omega ratio: Gain probability vs. loss probability	1.14	1.43	-0.29
Calmar ratio: Return relative to maximum drawdown	0.65	3.31	-2.67
Martin ratio: Return 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.

YMAG.L vs. ^NDX - Sharpe Ratio Comparison

The current YMAG.L Sharpe Ratio is 0.76, which is lower than the ^NDX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of YMAG.L and ^NDX, 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

	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.

Drawdown Indicators

	YMAG.L	^NDX	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-2.98%	-0.82%	-2.16%
Average Drawdown Average peak-to-trough decline	-6.03%	-24.62%	+18.59%
Ulcer Index Depth 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.

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

Can I hold both YMAG.L and ^NDX in my portfolio?

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.