AMZY vs PSEP
YieldMax Amazon Option Income Strategy ETF vs Innovator U.S. Equity Power Buffer ETF - September
Which is better, AMZY or PSEP?
AMZY has been ahead.
PSEP has a lower expense ratio. AMZY 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 | AMZY | PSEP |
|---|---|---|
| Expense Ratio | 1.09% | 0.79%Best |
| AUM | $216M | $1.2B |
| Dividend Yield | 49.57% | 0.00% |
| Holdings | 30 | 12 |
| YTD Return | +7.62% | +7.66%Best |
| 1Y Return | +10.94%Best | +10.18% |
| 3Y Return (annualized) | +20.79%Best | +12.76% |
| 5Y Return (annualized) | - | +9.76% |
| Volatility (annualized) | 22.8% | 6.2%Best |
| Max Drawdown | -23.7% | -9.9%Best |
| $10,000 over 3.2 years | $18,624Best | $14,054 |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jul 24, 2023 | Aug 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 25, 2023 to Oct 14, 2026 (3.2 years).
AMZY vs PSEP 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 3.2 years both funds cover.
AMZY vs PSEP Performance
YieldMax Amazon Option Income Strategy ETF (AMZY) is an ETF from YieldMax ETF and Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an ETF from Innovator ETFs Trust. Over the past year AMZY returned +10.94% while PSEP returned +10.18%. Year to date, AMZY is up 7.62% versus a gain of 7.66% for PSEP.
Over three years, AMZY compounded at +20.79% per year against +12.76% for PSEP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AMZY has been the more volatile fund, with annualized monthly volatility of 22.8% compared with 6.2% for PSEP. 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 -23.7% for AMZY and -9.9% for PSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AMZY charges 1.09% per year while PSEP charges 0.79%. On a $10,000 position that is $109 vs $79 annually, a gap of $30 per year that compounds over a long holding period. On income, AMZY currently yields 49.57% against 0.00% for PSEP.
Holdings Overlap
We hold position weights for 2 holdings in AMZY and 494 in PSEP, totalling 31.7% and 98.1% 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 AMZY and 494 in PSEP, against full books of 30 and 12.
You are not choosing between two funds in isolation.
Whichever of AMZY and PSEP 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, AMZY or PSEP?
AMZY has an expense ratio of 1.09% while PSEP charges 0.79%. PSEP is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, AMZY or PSEP?
Over the past year AMZY returned +10.94% vs +10.18% for PSEP, so AMZY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AMZY or PSEP?
AMZY has been the more volatile fund at 22.8% annualized versus 6.2% for PSEP. Worst drawdown: AMZY -23.7% vs PSEP -9.9%.
Should I hold both AMZY and PSEP?
AMZY and PSEP have a monthly-return correlation of 0.59, 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, AMZY or PSEP?
AMZY yields 49.57% while PSEP yields 0.00%, so AMZY currently pays the higher dividend yield.
Is PSEP better than AMZY?
PSEP has a lower expense ratio. AMZY 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.