ABNY vs YMAX
YieldMax ABNB Option Income Strategy ETF vs YieldMax Universe Fund of Option Income ETF
Which is better, ABNY or YMAX?
Each has led over a different period.
ABNY has a lower expense ratio. ABNY led over 1Y, YMAX over the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ABNY | YMAX |
|---|---|---|
| Expense Ratio | 1.06%Best | 1.33% |
| AUM | $5M | $370M |
| Dividend Yield | 49.40% | 70.90% |
| Holdings | 13 | 60 |
| Volatility (annualized) | 20.4%Best | 21.1% |
| Max Drawdown | -31.6% | -26.1%Best |
| $10,000 over 2 years | $8,876 | $12,003Best |
| Fund Family | YieldMax ETF | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jun 24, 2024 | Jan 16, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 121 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ABNY has data through Jun 15, 2026 and YMAX through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Jun 25, 2024 to Jun 15, 2026 (2 years).
Risk: Volatility and Drawdowns
YMAX has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 20.4% for ABNY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.6% for ABNY and -26.1% for YMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ABNY charges 1.06% per year while YMAX charges 1.33%. On a $10,000 position that is $106 vs $133 annually, a gap of $27 per year that compounds over a long holding period. On income, ABNY currently yields 49.40% against 70.90% for YMAX.
Holdings Overlap
At least 0.9% of YMAX's money is in holdings ABNY also owns.
Stated as a floor: for ABNY, our book for it covers 77.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 168 days apart, ABNY as of Mar 31, 2026 and YMAX as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 4 positions we hold weights for in ABNY and 29 in YMAX, against full books of 13 and 60.
Top Shared Holdings
| Stock | Weight in ABNY | Weight in YMAX | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 17.72% | 0.89% | 16.83% |
You are not choosing between two funds in isolation.
Whichever of ABNY and YMAX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ABNY or YMAX?
ABNY has an expense ratio of 1.06% while YMAX charges 1.33%. ABNY is the cheaper option, by $27 a year on a $10,000 investment.
Which is riskier, ABNY or YMAX?
YMAX has been the more volatile fund at 21.1% annualized versus 20.4% for ABNY. Worst drawdown: ABNY -31.6% vs YMAX -26.1%.
Should I hold both ABNY and YMAX?
ABNY and YMAX have a monthly-return correlation of 0.41, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ABNY or YMAX?
ABNY yields 49.40% while YMAX yields 70.90%, so YMAX currently pays the higher dividend yield.
Is YMAX better than ABNY?
ABNY has a lower expense ratio. ABNY led over 1Y, YMAX over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.