YMAX vs. YMAG

Last updated Jul 14, 2026

YMAX (YieldMax Universe Fund of Option Income ETFs) and YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, YMAX returned -2.22% vs 17.51% for YMAG. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 1.28% expense ratio.

Performance

YMAX vs. YMAG - Performance Comparison

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

Returns By Period

In the year-to-date period, YMAX achieves a 2.28% return, which is significantly higher than YMAG's 1.13% return.

YMAX

• 1D: -1.26%
• 1M: 2.73%
• 6M: -0.00%
• YTD: 2.28%
• 1Y: -2.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YMAG

• 1D: -0.93%
• 1M: 2.28%
• 6M: 1.34%
• YTD: 1.13%
• 1Y: 17.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YMAX vs. YMAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMAX YieldMax Universe Fund of Option Income ETFs	2.28%	6.04%	21.62%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	1.13%	18.64%	34.66%

Correlation

The correlation between YMAX and YMAG is 0.69, 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	0.69
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024	0.76

The correlation between YMAX and YMAG has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

YMAX vs. YMAG - Sectors Allocation Comparison

Sectors	YMAX	YMAG
Technology	63.7%	-
Financial Services	12.7%	99.0%
Communication Services	7.6%	-
Consumer Cyclical	6.2%	-
Industrials	2.8%	-
Basic Materials	2.0%	-
Consumer Defensive	2.0%	-
Healthcare	2.0%	-
Energy	0.5%	-
Utilities	0.3%	-
Real Estate	0.1%	-

Return for Risk

YMAX vs. YMAG — Risk / Return Rank

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

YMAX

YMAX Risk / Return Rank: 8
YMAX Sharpe Ratio Rank: 8
YMAX Sortino Ratio Rank: 8
YMAX Omega Ratio Rank: 8
YMAX Calmar Ratio Rank: 8
YMAX Martin Ratio Rank: 8

YMAG

YMAG Risk / Return Rank: 32
YMAG Sharpe Ratio Rank: 35
YMAG Sortino Ratio Rank: 33
YMAG Omega Ratio Rank: 32
YMAG Calmar Ratio Rank: 30
YMAG Martin Ratio Rank: 32

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.

YMAX vs. YMAG - Risk-Adjusted Trends Comparison

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

	YMAX	YMAG	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.02	-1.11
Sortino ratio: Return per unit of downside risk	0.03	1.45	-1.42
Omega ratio: Gain probability vs. loss probability	1.00	1.18	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.09	1.22	-1.31
Martin ratio: Return relative to average drawdown	-0.20	3.73	-3.93

YMAX vs. YMAG - Sharpe Ratio Comparison

The current YMAX Sharpe Ratio is -0.09, which is lower than the YMAG Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of YMAX and YMAG, 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

YMAX vs. YMAG - Drawdown Comparison

The maximum YMAX drawdown since its inception was -26.13%, roughly equal to the maximum YMAG drawdown of -25.96%. Use the drawdown chart below to compare losses from any high point for YMAX and YMAG.

Drawdown Indicators

	YMAX	YMAG	Difference
Max Drawdown Largest peak-to-trough decline	-26.13%	-25.96%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	-26.13%	-14.38%	-11.75%
Current Drawdown Current decline from peak	-9.33%	-5.21%	-4.12%
Average Drawdown Average peak-to-trough decline	-6.45%	-4.62%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.43%	4.70%	+6.73%

Volatility

YMAX vs. YMAG - Volatility Comparison

YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 7.96% compared to YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) at 6.35%. This indicates that YMAX's price experiences larger fluctuations and is considered to be riskier than YMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMAX	YMAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	6.35%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	19.94%	13.44%	+6.50%
Volatility (1Y) Calculated over the trailing 1-year period	23.81%	17.27%	+6.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.53%	20.99%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.53%	20.99%	+2.54%

YMAX vs. YMAG - Expense Ratio Comparison

Both YMAX and YMAG have an expense ratio of 1.28%.

Dividends

YMAX vs. YMAG - Dividend Comparison

YMAX's dividend yield for the trailing twelve months is around 72.04%, more than YMAG's 51.40% yield.

Position	TTM	2025	2024
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	51.40%	52.27%	35.22%
YMAX YieldMax Universe Fund of Option Income ETFs	72.04%	78.70%	44.20%

Frequently Asked Questions

Can I hold both YMAX and YMAG in my portfolio?

YMAX and YMAG have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YMAX or YMAG?

YMAX has higher volatility (7.96%) compared to YMAG (6.35%). In terms of maximum drawdown, YMAX dropped -26.13% vs YMAG's -25.96%.

Which ETF is better, YMAX or YMAG?

On 1-year performance, YMAG leads with 17.51% vs -2.22% for YMAX. Both ETFs have the same 1.28% expense ratio. On volatility, YMAG has been the lower-risk option at 6.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YMAX or YMAG?

Over the 1-year period, YMAG has performed better with a 17.51% return vs -2.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YMAX or YMAG?

YMAX and YMAG have the same expense ratio: 1.28% per year.

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

YMAX has the higher dividend yield at 72.04%, compared with 51.40% for YMAG.

Which has better risk-adjusted returns?

YMAG currently has the higher Sharpe Ratio (1.02 vs -0.09), 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.