WDTE vs YMAX
Defiance S&P 500 Weekly Distribution ETF vs YieldMax Universe Fund of Option Income ETF
Which is better, WDTE or YMAX?
WDTE has been ahead.
WDTE has a lower expense ratio. WDTE 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 | WDTE | YMAX |
|---|---|---|
| Expense Ratio | 1.03%Best | 1.33% |
| AUM | $73M | $370M |
| Dividend Yield | 32.78% | 70.90% |
| Holdings | 10 | 60 |
| YTD Return | +13.58%Best | +5.14% |
| 1Y Return | +16.98%Best | -3.33% |
| 3Y Return (annualized) | +14.59% | - |
| Volatility (annualized) | 10.3%Best | 19.9% |
| Max Drawdown | -15.8%Best | -26.1% |
| $10,000 over 2.7 years | $14,184Best | $14,117 |
| Fund Family | Defiance ETFs, LLC | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Sep 18, 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).
WDTE 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.
WDTE vs YMAX Performance
Defiance S&P 500 Weekly Distribution ETF (WDTE) 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 WDTE returned +16.98% while YMAX returned -3.33%. Year to date, WDTE is up 13.58% 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 10.3% for WDTE. 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 -15.8% for WDTE 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
WDTE charges 1.03% per year while YMAX charges 1.33%. On a $10,000 position that is $103 vs $133 annually, a gap of $30 per year that compounds over a long holding period. On income, WDTE currently yields 32.78% against 70.90% for YMAX.
Holdings Overlap
At least 0.9% of YMAX's money is in holdings WDTE also owns.
Stated as a floor: for WDTE, our book for it covers 7.2% 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 WDTE and 29 in YMAX, against full books of 10 and 60.
Top Shared Holdings
| Stock | Weight in WDTE | Weight in YMAX | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 7.18% | 0.89% | 6.29% |
You are not choosing between two funds in isolation.
Whichever of WDTE 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, WDTE or YMAX?
WDTE has an expense ratio of 1.03% while YMAX charges 1.33%. WDTE is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, WDTE or YMAX?
Over the past year WDTE returned +16.98% vs -3.33% for YMAX, so WDTE leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, WDTE or YMAX?
YMAX has been the more volatile fund at 19.9% annualized versus 10.3% for WDTE. Worst drawdown: WDTE -15.8% vs YMAX -26.1%.
Should I hold both WDTE and YMAX?
WDTE and YMAX have a monthly-return correlation of 0.79, 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, WDTE or YMAX?
WDTE yields 32.78% while YMAX yields 70.90%, so YMAX currently pays the higher dividend yield.
Is YMAX better than WDTE?
WDTE has a lower expense ratio. WDTE 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.