YSEP vs. AMDY

Last updated Jun 24, 2026

YSEP (FT Cboe Vest International Equity Buffer ETF - September) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - YSEP is a Options Trading fund actively managed by FT Vest, while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. Both are actively managed. Over the past year, YSEP returned 14.37% vs 203.83% for AMDY. At a 0.42 correlation, their price movements are largely independent. YSEP charges 0.90%/yr vs 1.23%/yr for AMDY.

Performance

YSEP vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest International Equity Buffer ETF - September (YSEP) and YieldMax AMD Option Income Strategy ETF (AMDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YSEP achieves a 5.21% return, which is significantly lower than AMDY's 101.34% return.

YSEP

• 1D: -0.89%
• 1M: 0.47%
• YTD: 5.21%
• 6M: 5.06%
• 1Y: 14.37%
• 3Y*: 11.79%
• 5Y*: —
• 10Y*: —

AMDY

• 1D: -4.73%
• 1M: 8.37%
• YTD: 101.34%
• 6M: 101.99%
• 1Y: 203.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YSEP vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YSEP FT Cboe Vest International Equity Buffer ETF - September	5.21%	19.88%	4.63%	5.66%
AMDY YieldMax AMD Option Income Strategy ETF	101.34%	53.93%	-17.00%	25.92%

Correlation

The correlation between YSEP and AMDY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	0.42

Return for Risk

YSEP vs. AMDY — Risk / Return Rank

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

YSEP

YSEP Risk / Return Rank: 59
YSEP Sharpe Ratio Rank: 57
YSEP Sortino Ratio Rank: 59
YSEP Omega Ratio Rank: 58
YSEP Calmar Ratio Rank: 59
YSEP Martin Ratio Rank: 64

AMDY

AMDY Risk / Return Rank: 90
AMDY Sharpe Ratio Rank: 95
AMDY Sortino Ratio Rank: 88
AMDY Omega Ratio Rank: 88
AMDY Calmar Ratio Rank: 95
AMDY Martin Ratio Rank: 84

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.

YSEP vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest International Equity Buffer ETF - September (YSEP) and YieldMax AMD Option Income Strategy ETF (AMDY). 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.

	YSEP	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	1.75	3.65	-1.90
Sortino ratio: Return per unit of downside risk	2.56	3.82	-1.26
Omega ratio: Gain probability vs. loss probability	1.33	1.53	-0.20
Calmar ratio: Return relative to maximum drawdown	2.66	7.44	-4.78
Martin ratio: Return relative to average drawdown	10.59	16.58	-5.99

YSEP vs. AMDY - Sharpe Ratio Comparison

The current YSEP Sharpe Ratio is 1.75, which is lower than the AMDY Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of YSEP and AMDY, 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

YSEP vs. AMDY - Drawdown Comparison

The maximum YSEP drawdown since its inception was -22.58%, smaller than the maximum AMDY drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for YSEP and AMDY.

Drawdown Indicators

	YSEP	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-22.58%	-53.92%	+31.34%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	-27.59%	+22.16%
Max Drawdown (3Y) Largest decline over 3 years	-8.75%	—	—
Current Drawdown Current decline from peak	-0.89%	-4.73%	+3.84%
Average Drawdown Average peak-to-trough decline	-4.10%	-17.78%	+13.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	12.35%	-10.99%

Volatility

YSEP vs. AMDY - Volatility Comparison

The current volatility for FT Cboe Vest International Equity Buffer ETF - September (YSEP) is 2.36%, while YieldMax AMD Option Income Strategy ETF (AMDY) has a volatility of 21.35%. This indicates that YSEP experiences smaller price fluctuations and is considered to be less risky than AMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YSEP	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	21.35%	-18.99%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	43.63%	-37.18%
Volatility (1Y) Calculated over the trailing 1-year period	8.24%	56.19%	-47.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	46.93%	-35.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	46.93%	-35.54%

YSEP vs. AMDY - Expense Ratio Comparison

YSEP has a 0.90% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

YSEP vs. AMDY - Dividend Comparison

YSEP has not paid dividends to shareholders, while AMDY's dividend yield for the trailing twelve months is around 65.88%.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	65.88%	80.68%	109.98%	6.68%
YSEP FT Cboe Vest International Equity Buffer ETF - September	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YSEP and AMDY in my portfolio?

YSEP and AMDY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YSEP or AMDY?

AMDY has higher volatility (21.35%) compared to YSEP (2.36%). In terms of maximum drawdown, YSEP dropped -22.58% vs AMDY's -53.92%.

Which ETF is better, YSEP or AMDY?

On 1-year performance, AMDY leads with 203.83% vs 14.37% for YSEP. On fees, YSEP is cheaper at 0.90% per year. On volatility, YSEP has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YSEP or AMDY?

Over the 1-year period, AMDY has performed better with a 203.83% return vs 14.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YSEP or AMDY?

YSEP is cheaper with a 0.90% expense ratio, compared with 1.23% for AMDY.

Which ETF pays a higher dividend yield, YSEP or AMDY?

AMDY has the higher dividend yield at 65.88%, compared with 0.00% for YSEP.

What is the main difference between YSEP and AMDY?

YSEP is categorized as Options Trading, while AMDY is Derivative Income. They also come from different issuers: FT Vest and YieldMax ETFs. Their fees differ too: 0.90% for YSEP and 1.23% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.65 vs 1.75), 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.