AMZY vs QQQ
YieldMax Amazon Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | AMZY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.17% | 0.18% | |
| AUM | $246M | $496.3B | |
| Dividend Yield | 52.57% | 0.44% | |
| Holdings | 13 | 108 | |
| YTD Return | +7.85% | +16.64% | |
| 1Y Return | +10.46% | +27.27% | |
| 3Y Return (annualized) | +20.85% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 23.4% | 30.6% | |
| Max Drawdown | -23.7% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 24, 2023 | Mar 10, 1999 |
AMZY vs QQQ Performance
YieldMax Amazon Option Income Strategy ETF (AMZY) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AMZY returned +10.46% while QQQ returned +27.27%. Year to date, AMZY is up 7.85% versus a gain of 16.64% for QQQ.
Over three years, AMZY compounded at +20.85% per year against +25.96% for QQQ. Across the full 3-year window we track, AMZY has the edge at +22.67% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 23.4% for AMZY. 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 -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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMZY charges 1.17% per year while QQQ charges 0.18%. On a $10,000 position that is $117 vs $18 annually, a gap of $99 per year that compounds over a long holding period. On income, AMZY currently yields 52.57% against 0.44% for QQQ.
Holdings Overlap
AMZY 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, AMZY or QQQ?
AMZY has an expense ratio of 1.17% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $99 per year of difference.
Which performed better, AMZY or QQQ?
Over the past year AMZY returned +10.46% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), AMZY annualized +22.67% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, AMZY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 23.4% for AMZY. Worst drawdown: AMZY -23.7% vs QQQ -83.0%.
Should I hold both AMZY and QQQ?
AMZY and QQQ have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMZY and QQQ?
AMZY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, AMZY or QQQ?
AMZY yields 52.57% while QQQ yields 0.44%, so AMZY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.