YMAX vs. YMAG
Compare and contrast key facts about YieldMax Universe Fund of Option Income ETFs (YMAX) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG).
YMAX and YMAG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024. YMAG is an actively managed fund by YieldMax. It was launched on Jan 29, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YMAX or YMAG.
Key characteristics
| YMAX | YMAG | |
|---|---|---|
| Daily Std Dev | 18.68% | 20.08% |
| Max Drawdown | -12.78% | -14.27% |
| Current Drawdown | -7.40% | -7.31% |
Correlation
The correlation between YMAX and YMAG is 0.82, 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
YMAX vs. YMAG - 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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YMAX vs. YMAG - Expense Ratio Comparison
Both YMAX and YMAG have an expense ratio of 1.28%.
Risk-Adjusted Performance
YMAX vs. YMAG - Risk-Adjusted Performance 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.
Not enough dataDividends
YMAX vs. YMAG - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 25.35%, more than YMAG's 21.87% yield.
Drawdowns
YMAX vs. YMAG - Drawdown Comparison
The maximum YMAX drawdown since its inception was -12.78%, smaller than the maximum YMAG drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for YMAX and YMAG. For additional features, visit the drawdowns tool.
Volatility
YMAX vs. YMAG - Volatility Comparison
YieldMax Universe Fund of Option Income ETFs (YMAX) and YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) have volatilities of 5.93% and 5.92%, 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.