YYY vs. TLTW
YYY (Amplify CEF High Income ETF) and TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) are both exchange-traded funds - YYY is a Diversified Portfolio fund tracking the Nasdaq CEF High Income™ Index, while TLTW is a Derivative Income fund tracking the CBOE TLT 2% OTM Buywrite Index (USD). Both are passively managed. Over the past 3 years, YYY returned 12.43%/yr vs 1.13%/yr for TLTW. At a 0.34 correlation, their price movements are largely independent. YYY charges 3.23%/yr vs 0.35%/yr for TLTW.
Performance
YYY vs. TLTW - Performance Comparison
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Returns By Period
In the year-to-date period, YYY achieves a 4.19% return, which is significantly higher than TLTW's 1.90% return.
YYY
- 1D
- 0.62%
- 1M
- -0.53%
- YTD
- 4.19%
- 6M
- 5.00%
- 1Y
- 10.50%
- 3Y*
- 12.43%
- 5Y*
- 2.81%
- 10Y*
- 5.68%
TLTW
- 1D
- -0.14%
- 1M
- 1.72%
- YTD
- 1.90%
- 6M
- 2.26%
- 1Y
- 9.02%
- 3Y*
- 1.13%
- 5Y*
- —
- 10Y*
- —
YYY vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
YYY Amplify CEF High Income ETF | 4.19% | 13.08% | 11.86% | 12.98% | -7.92% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 1.90% | 11.36% | -2.18% | 0.73% | -11.14% |
Correlation
The correlation between YYY and TLTW is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2022 | 0.34 |
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Return for Risk
YYY vs. TLTW — Risk / Return Rank
YYY
TLTW
YYY vs. TLTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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 | TLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.52 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.65 | 4.41 | +1.24 |
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Drawdowns
YYY vs. TLTW - Drawdown Comparison
The maximum YYY drawdown since its inception was -42.52%, which is greater than TLTW's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for YYY and TLTW.
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Drawdown Indicators
| YYY | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.52% | -18.61% | -23.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -5.97% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -17.19% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -27.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.52% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -2.54% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -8.20% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.05% | -0.18% |
Volatility
YYY vs. TLTW - Volatility Comparison
Amplify CEF High Income ETF (YYY) has a higher volatility of 2.92% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 2.31%. This indicates that YYY's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YYY | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 2.31% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 5.85% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.71% | 7.68% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.38% | 11.36% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 11.36% | +2.54% |
YYY vs. TLTW - Expense Ratio Comparison
YYY has a 3.23% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Dividends
YYY vs. TLTW - Dividend Comparison
YYY's dividend yield for the trailing twelve months is around 12.65%, more than TLTW's 11.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 11.68% | 14.82% | 14.47% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YYY Amplify CEF High Income ETF | 12.65% | 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 TLTW have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YYY has higher volatility (2.92%) compared to TLTW (2.31%). In terms of maximum drawdown, YYY dropped -42.52% vs TLTW's -18.61%.
On 3-year performance, YYY leads with 12.43% vs 1.13% for TLTW. On fees, TLTW is cheaper at 0.35% per year. On volatility, TLTW has been the lower-risk option at 2.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, YYY has performed better with a 12.43% return vs 1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLTW is cheaper with a 0.35% expense ratio, compared with 3.23% for YYY.
YYY has the higher dividend yield at 12.65%, compared with 11.68% for TLTW.
YYY is categorized as Diversified Portfolio, while TLTW is Derivative Income. YYY tracks Nasdaq CEF High Income™ Index, while TLTW tracks CBOE TLT 2% OTM Buywrite Index (USD). They also come from different issuers: Amplify and iShares. Their fees differ too: 3.23% for YYY and 0.35% for TLTW.
YYY currently has the higher Sharpe Ratio (1.21 vs 1.18), 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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