IWMY vs YMAX
Defiance R2000 Weekly Distribution ETF vs YieldMax Universe Fund of Option Income ETF
Which is better, IWMY or YMAX?
Each has led over a different period.
IWMY has a lower expense ratio. IWMY 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 | IWMY | YMAX |
|---|---|---|
| Expense Ratio | 1.05%Best | 1.33% |
| AUM | $83M | $370M |
| Dividend Yield | 39.40% | 70.90% |
| Holdings | 10 | 60 |
| YTD Return | +4.37% | +5.14%Best |
| 1Y Return | +1.60%Best | -3.33% |
| 3Y Return (annualized) | -3.29% | - |
| Volatility (annualized) | 14.8%Best | 19.9% |
| Max Drawdown | -31.1% | -26.1%Best |
| $10,000 over 2.7 years | $9,595 | $14,117Best |
| Fund Family | Defiance ETFs, LLC | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Oct 30, 2023 | Jan 16, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 17, 2024 to Oct 14, 2026 (2.7 years).
IWMY vs YMAX 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 2.7 years both funds cover.
IWMY vs YMAX Performance
Defiance R2000 Weekly Distribution ETF (IWMY) is an ETF from Defiance ETFs, LLC and YieldMax Universe Fund of Option Income ETF (YMAX) is an ETF from YieldMax ETF. Over the past year IWMY returned +1.60% while YMAX returned -3.33%. Year to date, IWMY is up 4.37% versus a gain of 5.14% for YMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
YMAX has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 14.8% for IWMY. 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 -31.1% for IWMY 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 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IWMY charges 1.05% per year while YMAX charges 1.33%. On a $10,000 position that is $105 vs $133 annually, a gap of $28 per year that compounds over a long holding period. On income, IWMY currently yields 39.40% against 70.90% for YMAX.
Holdings Overlap
At least 0.9% of YMAX's money is in holdings IWMY also owns.
Stated as a floor: for IWMY, our book for it covers 1.8% 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.
1 positions in common, counted across the 1 positions we hold weights for in IWMY and 29 in YMAX, against full books of 10 and 60.
Top Shared Holdings
| Stock | Weight in IWMY | Weight in YMAX | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 1.78% | 0.89% | 0.89% |
You are not choosing between two funds in isolation.
Whichever of IWMY 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, IWMY or YMAX?
IWMY has an expense ratio of 1.05% while YMAX charges 1.33%. IWMY is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, IWMY or YMAX?
Over the past year IWMY returned +1.60% vs -3.33% for YMAX, so IWMY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWMY or YMAX?
YMAX has been the more volatile fund at 19.9% annualized versus 14.8% for IWMY. Worst drawdown: IWMY -31.1% vs YMAX -26.1%.
Should I hold both IWMY and YMAX?
IWMY and YMAX have a monthly-return correlation of 0.50, 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, IWMY or YMAX?
IWMY yields 39.40% while YMAX yields 70.90%, so YMAX currently pays the higher dividend yield.
Is YMAX better than IWMY?
IWMY has a lower expense ratio. IWMY 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.