YMAG vs. YMAX
Compare and contrast key facts about YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and YieldMax Universe Fund of Option Income ETFs (YMAX).
YMAG and YMAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YMAG or YMAX.
Key characteristics
| YMAG | YMAX | |
|---|---|---|
| Daily Std Dev | 19.25% | 18.22% |
| Max Drawdown | -14.27% | -12.78% |
| Current Drawdown | 0.00% | -0.99% |
Correlation
The correlation between YMAG and YMAX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YMAG vs. YMAX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YMAG vs. YMAX - Expense Ratio Comparison
Both YMAG and YMAX have an expense ratio of 1.28%.
Risk-Adjusted Performance
YMAG vs. YMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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.
Not enough dataDividends
YMAG vs. YMAX - Dividend Comparison
YMAG's dividend yield for the trailing twelve months is around 28.22%, less than YMAX's 33.71% yield.
Drawdowns
YMAG vs. YMAX - Drawdown Comparison
The maximum YMAG drawdown since its inception was -14.27%, which is greater than YMAX's maximum drawdown of -12.78%. Use the drawdown chart below to compare losses from any high point for YMAG and YMAX. For additional features, visit the drawdowns tool.
Volatility
YMAG vs. YMAX - Volatility Comparison
YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and YieldMax Universe Fund of Option Income ETFs (YMAX) have volatilities of 5.60% and 5.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.