AMDY vs USEP
YieldMax AMD Option Income Strategy ETF vs Innovator U.S. Equity Ultra Buffer ETF - September
Which is better, AMDY or USEP?
AMDY has been ahead.
USEP has a lower expense ratio. AMDY led over 1Y, 3Y 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 | AMDY | USEP |
|---|---|---|
| Expense Ratio | 1.00% | 0.79%Best |
| AUM | $501M | $239M |
| Dividend Yield | 69.36% | 0.00% |
| Holdings | 15 | 23 |
| YTD Return | +107.29%Best | +7.42% |
| 1Y Return | +111.76%Best | +9.56% |
| 3Y Return (annualized) | +50.68%Best | +12.59% |
| 5Y Return (annualized) | - | +8.51% |
| Volatility (annualized) | 57.5% | 6.0%Best |
| Max Drawdown | -53.9% | -9.7%Best |
| $10,000 over 3.1 years | $34,980Best | $14,205 |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Sep 18, 2023 | Aug 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 19, 2023 to Oct 14, 2026 (3.1 years).
AMDY vs USEP 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 covers the 3.1 years both funds cover.
AMDY vs USEP Performance
YieldMax AMD Option Income Strategy ETF (AMDY) is an ETF from YieldMax ETF and Innovator U.S. Equity Ultra Buffer ETF - September (USEP) is an ETF from Innovator ETFs Trust. Over the past year AMDY returned +111.76% while USEP returned +9.56%. Year to date, AMDY is up 107.29% versus a gain of 7.42% for USEP.
Over three years, AMDY compounded at +50.68% per year against +12.59% for USEP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AMDY has been the more volatile fund, with annualized monthly volatility of 57.5% compared with 6.0% for USEP. 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 -53.9% for AMDY and -9.7% for USEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AMDY charges 1.00% per year while USEP charges 0.79%. On a $10,000 position that is $100 vs $79 annually, a gap of $21 per year that compounds over a long holding period. On income, AMDY currently yields 69.36% against 0.00% for USEP.
Holdings Overlap
We hold position weights for 2 holdings in AMDY and 1 in USEP, totalling 17.2% and 98.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in AMDY and 1 in USEP, against full books of 15 and 23.
You are not choosing between two funds in isolation.
Whichever of AMDY and USEP 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, AMDY or USEP?
AMDY has an expense ratio of 1.00% while USEP charges 0.79%. USEP is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, AMDY or USEP?
Over the past year AMDY returned +111.76% vs +9.56% for USEP, so AMDY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AMDY or USEP?
AMDY has been the more volatile fund at 57.5% annualized versus 6.0% for USEP. Worst drawdown: AMDY -53.9% vs USEP -9.7%.
Should I hold both AMDY and USEP?
AMDY and USEP have a monthly-return correlation of 0.48, 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, AMDY or USEP?
AMDY yields 69.36% while USEP yields 0.00%, so AMDY currently pays the higher dividend yield.
Is USEP better than AMDY?
USEP has a lower expense ratio. AMDY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.