YMAG vs. TSMY

Last updated Aug 4, 2026

YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, YMAG returned 17.23% vs 60.96% for TSMY. Their 0.57 correlation means they have sometimes moved together and sometimes differently. YMAG charges 1.28%/yr vs 1.01%/yr for TSMY.

Performance

YMAG vs. TSMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and YieldMax TSM Option Income Strategy ETF (TSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YMAG achieves a 2.13% return, which is significantly lower than TSMY's 30.73% return.

YMAG

• 1D: 2.67%
• 1M: 3.68%
• 6M: 1.85%
• YTD: 2.13%
• 1Y: 17.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.55%

TSMY

• 1D: 0.20%
• 1M: -4.03%
• 6M: 18.90%
• YTD: 30.73%
• 1Y: 60.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 42.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TSMY YieldMax TSM Option Income Strategy ETF	$2.03M	$3.02M	$3.01M
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	$11.59M	$13.01M	$15.33M

YMAG vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	2.13%	18.64%	14.80%
TSMY YieldMax TSM Option Income Strategy ETF	30.73%	41.00%	8.05%

Correlation

The correlation between YMAG and TSMY is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	0.57

The correlation between YMAG and TSMY has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.

Return for Risk

YMAG vs. TSMY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YMAG

YMAG Risk / Return Rank: 36
YMAG Sharpe Ratio Rank: 38
YMAG Sortino Ratio Rank: 36
YMAG Omega Ratio Rank: 35
YMAG Calmar Ratio Rank: 35
YMAG Martin Ratio Rank: 35

TSMY

TSMY Risk / Return Rank: 78
TSMY Sharpe Ratio Rank: 77
TSMY Sortino Ratio Rank: 73
TSMY Omega Ratio Rank: 72
TSMY Calmar Ratio Rank: 86
TSMY Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YMAG vs. TSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and YieldMax TSM Option Income Strategy ETF (TSMY). 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.

	YMAG	TSMY	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.82	-0.88
Sortino ratio: Return per unit of downside risk	1.36	2.42	-1.06
Omega ratio: Gain probability vs. loss probability	1.17	1.31	-0.14
Calmar ratio: Return relative to maximum drawdown	1.20	3.43	-2.23
Martin ratio: Return relative to average drawdown	3.43	11.39	-7.96

YMAG vs. TSMY - Sharpe Ratio Comparison

The current YMAG Sharpe Ratio is 0.94, which is lower than the TSMY Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of YMAG and TSMY, 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

YMAG vs. TSMY - Drawdown Comparison

The maximum YMAG drawdown since its inception was -25.96%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for YMAG and TSMY.

Drawdown Indicators

	YMAG	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-25.96%	-31.15%	+5.19%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-17.86%	+3.48%
Current Drawdown Current decline from peak	-4.28%	-11.49%	+7.21%
Average Drawdown Average peak-to-trough decline	-4.68%	-5.65%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	5.37%	-0.34%

Volatility

YMAG vs. TSMY - Volatility Comparison

The current volatility for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is 7.70%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 11.84%. This indicates that YMAG experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMAG	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	11.84%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	14.70%	27.82%	-13.12%
Volatility (1Y) Calculated over the trailing 1-year period	18.39%	33.74%	-15.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.21%	34.61%	-13.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.21%	34.61%	-13.40%

YMAG vs. TSMY - Expense Ratio Comparison

YMAG has a 1.28% expense ratio, which is higher than TSMY's 1.01% expense ratio.

Dividends

YMAG vs. TSMY - Dividend Comparison

YMAG's dividend yield for the trailing twelve months is around 50.58%, less than TSMY's 58.19% yield.

Position	TTM	2025	2024
TSMY YieldMax TSM Option Income Strategy ETF	58.19%	56.76%	13.71%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	50.58%	52.27%	35.22%

Frequently Asked Questions

Can I hold both YMAG and TSMY in my portfolio?

YMAG and TSMY have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YMAG or TSMY?

TSMY has higher volatility (11.84%) compared to YMAG (7.70%). In terms of maximum drawdown, YMAG dropped -25.96% vs TSMY's -31.15%.

Which ETF is better, YMAG or TSMY?

On 1-year performance, TSMY leads with 60.96% vs 17.23% for YMAG. On fees, TSMY is cheaper at 1.01% per year. On volatility, YMAG has been the lower-risk option at 7.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YMAG or TSMY?

Over the 1-year period, TSMY has performed better with a 60.96% return vs 17.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YMAG or TSMY?

TSMY is cheaper with a 1.01% expense ratio, compared with 1.28% for YMAG.

Which ETF pays a higher dividend yield, YMAG or TSMY?

TSMY has the higher dividend yield at 58.19%, compared with 50.58% for YMAG.

What is the main difference between YMAG and TSMY?

Their fees differ too: 1.28% for YMAG and 1.01% for TSMY.

Which has better risk-adjusted returns?

TSMY currently has the higher Sharpe Ratio (1.82 vs 0.94), 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.