YYY vs. MDIV
YYY (Amplify CEF High Income ETF) and MDIV (First Trust Multi-Asset Diversified Income Index Fund) are both Diversified Portfolio funds - YYY tracks the Nasdaq CEF High Income™ Index while MDIV tracks the NASDAQ US Multi-Asset Diversified Income Index. Both are passively managed. Over the past 10 years, YYY returned 5.21%/yr vs 4.83%/yr for MDIV. Their 0.60 correlation means they have sometimes moved together and sometimes differently. YYY charges 3.23%/yr vs 0.73%/yr for MDIV.
Performance
YYY vs. MDIV - Performance Comparison
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Returns By Period
In the year-to-date period, YYY achieves a 5.58% return, which is significantly lower than MDIV's 11.61% return. Over the past 10 years, YYY has outperformed MDIV with an annualized return of 5.21%, while MDIV has yielded a comparatively lower 4.83% annualized return.
YYY
- 1D
- 0.27%
- 1M
- -1.03%
- 6M
- 3.06%
- YTD
- 5.58%
- 1Y
- 10.17%
- 3Y*
- 11.52%
- 5Y*
- 3.30%
- 10Y*
- 5.21%
- ALL TIME*
- 5.94%
MDIV
- 1D
- 0.11%
- 1M
- 1.75%
- 6M
- 7.93%
- YTD
- 11.61%
- 1Y
- 13.76%
- 3Y*
- 11.00%
- 5Y*
- 6.96%
- 10Y*
- 4.83%
- ALL TIME*
- 4.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $764.20K | $1.03M | $1.01M | |
| $3.26M | $3.18M | $4.38M |
YYY vs. MDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YYY Amplify CEF High Income ETF | 5.58% | 13.08% | 11.86% | 12.98% | -21.78% | 14.13% | -0.86% | 21.87% | -10.21% | 13.86% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 11.61% | 3.77% | 10.05% | 11.50% | -3.86% | 16.51% | -14.84% | 18.59% | -5.78% | 5.61% |
Correlation
The correlation between YYY and MDIV is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012 | 0.60 |
Over the past year, the correlation between YYY and MDIV has dropped to 0.37 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
YYY vs. MDIV — Risk / Return Rank
YYY
MDIV
YYY vs. MDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). 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.
| YYY | MDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 4.08 | -2.81 |
| Martin ratioReturn relative to average drawdown | 5.39 | 11.42 | -6.03 |
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Drawdowns
YYY vs. MDIV - Drawdown Comparison
The maximum YYY drawdown since its inception was -42.52%, smaller than the maximum MDIV drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for YYY and MDIV.
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Drawdown Indicators
| YYY | MDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.52% | -48.50% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -3.39% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -9.62% | -3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.71% | -13.02% | -14.69% |
Max Drawdown (10Y)Largest decline over 10 years | -42.52% | -48.50% | +5.98% |
Current DrawdownCurrent decline from peak | -1.29% | -0.41% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -4.54% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.21% | +0.68% |
Volatility
YYY vs. MDIV - Volatility Comparison
Amplify CEF High Income ETF (YYY) and First Trust Multi-Asset Diversified Income Index Fund (MDIV) have volatilities of 2.02% and 1.98%, 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.
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Volatility by Period
| YYY | MDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 1.98% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 4.64% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 6.63% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.36% | 10.87% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 15.20% | -1.33% |
YYY vs. MDIV - Expense Ratio Comparison
YYY has a 3.23% expense ratio, which is higher than MDIV's 0.73% expense ratio.
Dividends
YYY vs. MDIV - Dividend Comparison
YYY's dividend yield for the trailing twelve months is around 12.75%, more than MDIV's 6.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.73% | 6.51% | 6.40% | 6.08% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% |
YYY Amplify CEF High Income ETF | 12.75% | 12.51% | 12.50% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.16% | 10.34% | 10.77% |
Frequently Asked Questions
YYY and MDIV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YYY has higher volatility (2.02%) compared to MDIV (1.98%). In terms of maximum drawdown, YYY dropped -42.52% vs MDIV's -48.50%.
On 10-year performance, YYY leads with 5.21% vs 4.83% for MDIV. On fees, MDIV is cheaper at 0.73% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YYY has performed better with a 5.21% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MDIV is cheaper with a 0.73% expense ratio, compared with 3.23% for YYY.
YYY has the higher dividend yield at 12.75%, compared with 6.73% for MDIV.
YYY tracks Nasdaq CEF High Income™ Index, while MDIV tracks NASDAQ US Multi-Asset Diversified Income Index. They also come from different issuers: Amplify and First Trust. Their fees differ too: 3.23% for YYY and 0.73% for MDIV.
MDIV currently has the higher Sharpe Ratio (2.09 vs 1.17), 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.
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