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ETFs

YieldMax AMD Option Income Strategy ETF

AMDY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 18 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
—
AUM
$2,839,425
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
89.56%
n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
7.13%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
7.12%
n/a
ADVANCED CLL OPT 11/23 100
5.82%
n/a
ADVANCED CLL OPT 09/23 101
-0.34%
n/a
AMD US 09/29/23 C100
-0.43%
n/a
AMD 11/17/2023 100.01 P
-8.87%
Invest with AMDY

What is AMDY?

The YieldMax AMD Option Income Strategy ETF (AMDY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on AMD. AMDY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of AMD. The Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of AMD, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. More precisely, the Fund aims to generate additional income from its options investments when AMD rises in value.

ETFs related toAMDY

ETFs correlated to AMDY include OUSA, VOT, IWP

AMDY
Tidal Trust II - Yieldmax AMD Option Income Strategy ETF
OUSA
OSI ETF Trust - ALPS O'Shares U.S. Quality Dividend ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
PGHY
Invesco Capital Management LLC - Invesco Global ex-US High Yield Corporate Bond ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
KIE
SPDR Series Trust - SPDR S&P Insurance ETF
MRSK
Northern Lights Fund Trust - Toews Agility Shares Managed Risk ETF
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAMDY

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with AMDY using Composer

FAQ

AMDY is a US Equities ETF. The YieldMax AMD Option Income Strategy ETF (AMDY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on AMD. AMDY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of AMD. The Fund uses a synthetic covered call strategy to provide income and indirect exposure to the share price returns of AMD, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. More precisely, the Fund aims to generate additional income from its options investments when AMD rises in value.

Yes, AMDY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AMDY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AMDY is %. This is the percent change in the value of AMDY over the most recent 1-month period. The 3-month return on AMDY is %. This is the percent change in the value of AMDY over the most recent 3-month period.

ETFs similar to AMDY include XLI, XLY, and XLV.

ETFs correlated to AMDY include OUSA, VOT, and IWP.

ETFs that are inversely correlated to AMDY include CYA, VIXY, and WEBS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.