YYY vs. FCEF
Compare and contrast key facts about Amplify CEF High Income ETF (YYY) and First Trust CEF Income Opportunity ETF (FCEF).
YYY and FCEF 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 that tracks the performance of the Nasdaq CEF High Income™ Index. It was launched on Jun 12, 2012. FCEF is an actively managed fund by First Trust. It was launched on Sep 27, 2016.
Performance
YYY vs. FCEF - Performance Comparison
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YYY vs. FCEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YYY Amplify CEF High Income ETF | -0.92% | 13.08% | 11.86% | 12.98% | -21.78% | 14.13% | -0.86% | 21.87% | -10.21% | 13.86% |
FCEF First Trust CEF Income Opportunity ETF | 0.61% | 14.39% | 17.51% | 10.27% | -19.51% | 19.50% | 3.80% | 28.28% | -9.65% | 15.72% |
Returns By Period
In the year-to-date period, YYY achieves a -0.92% return, which is significantly lower than FCEF's 0.61% return.
YYY
- 1D
- 0.18%
- 1M
- -4.58%
- YTD
- -0.92%
- 6M
- -0.83%
- 1Y
- 9.89%
- 3Y*
- 11.15%
- 5Y*
- 3.21%
- 10Y*
- 5.60%
FCEF
- 1D
- 0.91%
- 1M
- -4.17%
- YTD
- 0.61%
- 6M
- 2.48%
- 1Y
- 12.92%
- 3Y*
- 13.54%
- 5Y*
- 5.85%
- 10Y*
- —
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YYY vs. FCEF - Expense Ratio Comparison
YYY has a 3.23% expense ratio, which is higher than FCEF's 2.91% expense ratio.
Return for Risk
YYY vs. FCEF — Risk / Return Rank
YYY
FCEF
YYY vs. FCEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) and First Trust CEF Income Opportunity ETF (FCEF). 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.
| YYY | FCEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.03 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.05 | 1.39 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.18 | -0.28 |
Martin ratioReturn relative to average drawdown | 4.18 | 5.70 | -1.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YYY | FCEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.03 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.48 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.50 | -0.09 |
Correlation
The correlation between YYY and FCEF is 0.78, 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.
Dividends
YYY vs. FCEF - Dividend Comparison
YYY's dividend yield for the trailing twelve months is around 13.03%, more than FCEF's 7.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YYY Amplify CEF High Income ETF | 13.03% | 12.51% | 12.50% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.16% | 10.34% | 10.77% |
FCEF First Trust CEF Income Opportunity ETF | 7.14% | 7.05% | 7.13% | 7.17% | 7.26% | 4.74% | 5.03% | 5.07% | 5.96% | 4.90% | 1.51% | 0.00% |
Drawdowns
YYY vs. FCEF - Drawdown Comparison
The maximum YYY drawdown since its inception was -42.52%, smaller than the maximum FCEF drawdown of -44.81%. Use the drawdown chart below to compare losses from any high point for YYY and FCEF.
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Drawdown Indicators
| YYY | FCEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.52% | -44.81% | +2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -10.61% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.92% | -25.32% | -2.60% |
Max Drawdown (10Y)Largest decline over 10 years | -42.52% | — | — |
Current DrawdownCurrent decline from peak | -5.07% | -4.17% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -6.38% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.20% | +0.12% |
Volatility
YYY vs. FCEF - Volatility Comparison
Amplify CEF High Income ETF (YYY) has a higher volatility of 5.18% compared to First Trust CEF Income Opportunity ETF (FCEF) at 4.36%. This indicates that YYY's price experiences larger fluctuations and is considered to be riskier than FCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YYY | FCEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 4.36% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 6.34% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 12.56% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.33% | 12.21% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 15.52% | -1.63% |