AJAN vs AMDY
Innovator Equity Defined Protection ETF - 2 Yr to January 2028 vs YieldMax AMD Option Income Strategy ETF
Which is better, AJAN or AMDY?
AMDY has been ahead.
AJAN has a lower expense ratio. AMDY led over 1Y and 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 | AJAN | AMDY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.00% |
| AUM | $42M | $501M |
| Dividend Yield | 0.00% | 69.36% |
| Holdings | 15 | 15 |
| YTD Return | +2.93% | +107.29%Best |
| 1Y Return | +4.37% | +111.76%Best |
| 3Y Return (annualized) | - | +50.68% |
| Volatility (annualized) | 2.7%Best | 59.9% |
| Max Drawdown | -4.1%Best | -53.9% |
| $10,000 over 2.8 years | $11,800 | $29,303Best |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 2, 2024 | Sep 18, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 2, 2024 to Oct 14, 2026 (2.8 years).
AJAN vs AMDY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
AJAN vs AMDY Performance
Innovator Equity Defined Protection ETF - 2 Yr to January 2028 (AJAN) is an ETF from Innovator ETFs Trust and YieldMax AMD Option Income Strategy ETF (AMDY) is an ETF from YieldMax ETF. Over the past year AJAN returned +4.37% while AMDY returned +111.76%. Year to date, AJAN is up 2.93% versus a gain of 107.29% for AMDY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AMDY has been the more volatile fund, with annualized monthly volatility of 59.9% compared with 2.7% for AJAN. 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 -4.1% for AJAN and -53.9% for AMDY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AJAN charges 0.79% per year while AMDY charges 1.00%. On a $10,000 position that is $79 vs $100 annually, a gap of $21 per year that compounds over a long holding period. On income, AJAN currently yields 0.00% against 69.36% for AMDY.
You are not choosing between two funds in isolation.
Whichever of AJAN and AMDY 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, AJAN or AMDY?
AJAN has an expense ratio of 0.79% while AMDY charges 1.00%. AJAN is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, AJAN or AMDY?
Over the past year AJAN returned +4.37% vs +111.76% for AMDY, so AMDY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AJAN or AMDY?
AMDY has been the more volatile fund at 59.9% annualized versus 2.7% for AJAN. Worst drawdown: AJAN -4.1% vs AMDY -53.9%.
Should I hold both AJAN and AMDY?
AJAN and AMDY have a monthly-return correlation of 0.37, 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, AJAN or AMDY?
AJAN yields 0.00% while AMDY yields 69.36%, so AMDY currently pays the higher dividend yield.
Is AMDY better than AJAN?
AJAN has a lower expense ratio. AMDY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.