AMDY vs QQQ
YieldMax AMD Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. AMDY delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | AMDY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.23% | 0.18% | |
| AUM | $393M | $496.3B | |
| Dividend Yield | 76.77% | 0.44% | |
| Holdings | 19 | 108 | |
| YTD Return | +75.74% | +16.64% | |
| 1Y Return | +133.59% | +27.27% | |
| 3Y Return (annualized) | +44.47% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 57.3% | 30.6% | |
| Max Drawdown | -53.9% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 18, 2023 | Mar 10, 1999 |
AMDY vs QQQ Performance
YieldMax AMD Option Income Strategy ETF (AMDY) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AMDY returned +133.59% while QQQ returned +27.27%. Year to date, AMDY is up 75.74% versus a gain of 16.64% for QQQ.
Over three years, AMDY compounded at +44.47% per year against +25.96% for QQQ. Across the full 3-year window we track, AMDY has the edge at +44.47% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AMDY has been the more volatile fund, with annualized monthly volatility of 57.3% compared with 30.6% for QQQ. 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AMDY charges 1.23% per year while QQQ charges 0.18%. On a $10,000 position that is $123 vs $18 annually, a gap of $105 per year that compounds over a long holding period. On income, AMDY currently yields 76.77% against 0.44% for QQQ.
Holdings Overlap
AMDY and QQQ share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AMDY or QQQ?
AMDY has an expense ratio of 1.23% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $105 per year of difference.
Which performed better, AMDY or QQQ?
Over the past year AMDY returned +133.59% vs +27.27% for QQQ, so AMDY leads on 1-year performance. Over the longest common window we track (3 years), AMDY annualized +44.47% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, AMDY or QQQ?
AMDY has been the more volatile fund at 57.3% annualized versus 30.6% for QQQ. Worst drawdown: AMDY -53.9% vs QQQ -83.0%.
Should I hold both AMDY and QQQ?
AMDY and QQQ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMDY and QQQ?
AMDY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, AMDY or QQQ?
AMDY yields 76.77% while QQQ yields 0.44%, so AMDY currently pays the higher dividend yield.
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