YYY vs. CEFD
Compare and contrast key facts about Amplify High Income ETF (YYY) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD).
YYY and CEFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YYY is a passively managed fund by Amplify Investments that tracks the performance of the ISE High Income Index. It was launched on Jun 21, 2013. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020. Both YYY and CEFD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YYY or CEFD.
Key characteristics
| YYY | CEFD | |
|---|---|---|
| YTD Return | 16.19% | 24.85% |
| 1Y Return | 24.87% | 40.23% |
| 3Y Return (Ann) | 0.40% | -1.63% |
| Sharpe Ratio | 2.95 | 2.97 |
| Sortino Ratio | 4.01 | 3.82 |
| Omega Ratio | 1.61 | 1.56 |
| Calmar Ratio | 1.22 | 1.18 |
| Martin Ratio | 19.64 | 17.48 |
| Ulcer Index | 1.20% | 2.16% |
| Daily Std Dev | 7.98% | 12.70% |
| Max Drawdown | -42.52% | -36.95% |
| Current Drawdown | 0.00% | -4.80% |
Correlation
The correlation between YYY and CEFD is 0.85, 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
YYY vs. CEFD - Performance Comparison
In the year-to-date period, YYY achieves a 16.19% return, which is significantly lower than CEFD's 24.85% return. 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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YYY vs. CEFD - Expense Ratio Comparison
YYY has a 2.45% expense ratio, which is higher than CEFD's 0.95% expense ratio.
Risk-Adjusted Performance
YYY vs. CEFD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify High Income ETF (YYY) and ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD). 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.
Dividends
YYY vs. CEFD - Dividend Comparison
YYY's dividend yield for the trailing twelve months is around 11.79%, which matches CEFD's 11.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YYY Amplify High Income ETF | 11.79% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.83% | 10.34% | 10.77% | 9.54% | 5.14% |
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 11.76% | 14.76% | 16.57% | 10.31% | 5.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
YYY vs. CEFD - Drawdown Comparison
The maximum YYY drawdown since its inception was -42.52%, which is greater than CEFD's maximum drawdown of -36.95%. Use the drawdown chart below to compare losses from any high point for YYY and CEFD. For additional features, visit the drawdowns tool.
Volatility
YYY vs. CEFD - Volatility Comparison
The current volatility for Amplify High Income ETF (YYY) is 1.90%, while ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has a volatility of 4.16%. This indicates that YYY experiences smaller price fluctuations and is considered to be less risky than CEFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.