ETF Evaluator:
YieldMax AMD Option Income Strategy ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Derivative Income - Non-Diversified Over the Last Year
| 467.1% | YieldMax MRNA Option Income Strategy ETF (MRNY) |
| 70.0% | YieldMax AMD Option Income Strategy ETF (AMDY) |
| 54.9% | YieldMax Short COIN Option Inc Strgy ETF (FIAT) |
| 48.5% | State Street®EngySelSectSPDR®PrmETF (XLEI) |
| 46.2% | YieldMax Target 12 Smcndctr Opt Inc ETF (SOXY) |
Risk
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Risk
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ETF Details
YieldMax AMD Option Income Strategy ETF Overview
YieldMax AMD Option Income Strategy ETF (AMDY) is an actively managed Nontraditional Equity Derivative Income - Non-Diversified exchange-traded fund (ETF). YieldMax ETFs launched the ETF in 2023.
The investment seeks current income; exposure to the share price of the common stock of Advanced Micro Devices, Inc. (“AMD”), subject to a limit on potential investment gains is the secondary consideration.
The fund advisor will seek to employ the fund's investment strategy as it relates to AMD regardless of whether there are periods of adverse market, economic, or other conditions and will not seek to take temporary defensive positions during such periods. The fund is non-diversified.
About YieldMax AMD Option Income Strategy ETF (AMDY)
There are 3 members of the management team with an average tenure of 1.49 years: Jay Pestrichelli (2023), Matt Brandt (2026) and Scott Snyder (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. YieldMax AMD Option Income Strategy ETF has 23 securities in its portfolio. The top 10 holdings constitute 137.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
YieldMax AMD Option Income Strategy ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. YieldMax AMD Option Income Strategy ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). YieldMax AMD Option Income Strategy ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $441 million in total assets, which is above the $106 million average for the Derivative Income - Non-Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AMDY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The YieldMax AMD Option Income Strategy ETF expense ratio is high compared to funds in the Derivative Income - Non-Diversified category. YieldMax AMD Option Income Strategy ETF has an expense ratio of 1.00%, which is 4% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. YieldMax AMD Option Income Strategy ETF has a portfolio turnover rate of 46%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Derivative Income - Non-Diversified category.
Recently, in the month of October 2026, YieldMax AMD Option Income Strategy ETF returned -14.9%, which earned it a grade of F, as the Derivative Income - Non-Diversified category had an average return of -4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
YieldMax AMD Option Income Strategy ETF has a trailing yield of 38.35%, which is above the 30.55% category average.
The fund normally distributes its income weekly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
YieldMax AMD Option Income Strategy ETF Grades
Year to date, the ETF has returned 95.7%, 94.6 percentage points better than the category, which translates into a grade of A. The fund has returned 70.0% over the past year (grade of A) and 50.2% over the past three years (grade of A).
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AMDY Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AMDY Return (NAV) | -14.9% | 4.9% | 70.0% | 50.2% | na | na |
| AMDY Return (Price) | -15.0% | 5.0% | 70.3% | 50.1% | na | na |
| NAV +/- Price Return | 0.096% | -0.087% | -0.211% | 0.116% | na | na |
| Derivative Income - Non-Diversified Avg | -4.1% | 2.9% | -0.1% | 18.1% | 14.0% | 4.3% |
| AMDY Grade (NAV) | F | B | A | A | na | na |
| +/- Category (NAV) | -10.8% | 2.0% | 70.1% | 32.1% | na | na |
| AMDY Tax-Cost Ratio | na | na | 13.3% | 17.8% | na | na |
AMDY Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AMDY Return (NAV) | 95.7% | 55.6% | -16.7% | na | na | na | na | na | na | na | na |
| AMDY Return (Price) | 96.0% | 55.4% | -16.9% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.003% | -0.003% | 0.014% | na | na | na | na | na | na | na | na |
| Derivative Income - Non-Diversified Avg | 1.1% | 6.2% | 22.5% | 30.3% | 9.9% | 24.2% | -30.4% | 18.6% | -19.8% | -6.7% | 21.9% |
| AMDY Grade (NAV) | A | A | F | na | na | na | na | na | na | na | na |
| +/- Category | 94.6% | 49.4% | -39.1% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 2.51 |
| R-Squared: | 29% |
| Standard Deviation: | 58.3% |
| Category Risk Index: | 1.90 |
| Category Risk Rating: | High |
| Total Risk Index: | 4.82 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 38.4% |
| Total Assets: | $ 442 Mil |
| Share Class Assets: | $ 442 Mil |
| Turnover: | 46.0% |
| Expense Ratio: | 1.00% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.1 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Pestrichelli Jay (2023), Brandt Matt (2026), Snyder Scott (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 23 |
| % in Top 10 Holdings: | 137.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | YieldMax ETFs |
| Phone Number: | 866-864-3968 |
| Website: | |
| Inception Date: | September 18, 2023 |
Expenses and Fees
| Expense Ratio (%): | 1.00% (Rating: High) |
| Category Average Expense Ratio (%): | 0.96% |
