ETF Comparison

AMZN vs AMZY: Which Is the Better Pick in 2026?

A head-to-head comparison of Amazon.com, Inc. and YieldMax AMZN Option Income Strategy ETF covering yield, cost, risk, and income potential.

Data updated July 8, 2026

Bottom lineChoose AMZN if you want broad equity exposure. Choose AMZY if you want to maximize current income — roughly 30.79%, generated by selling options premium. There's no free lunch: AMZY's payout comes from selling options, which caps upside and can erode the share price over time, while AMZN keeps full price exposure.

YieldMax

ETFs60

Total AUM$9.78B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.

See our curated list of related YouTube videos on AMZY.

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Side-by-side snapshot

	AMZN	AMZY
Full name	Amazon.com, Inc.	YieldMax AMZN Option Income Strategy ETF
Issuer	—	YieldMax
Last Close	$245.98 as of July 8, 2026	$10.81 as of July 8, 2026
Distribution yield	—	30.79%
Distribution Safety Score	—	66
Expense ratio	—	1.01%
AUM	—	$246M
Distribution frequency	None	Weekly
Underlying index	—	Amazon (AMZN)
Objective	Operates as an online retailer and web services provider. Segments include North America, International, and Amazon Web Services (AWS) cloud computing platform.	Covered Call
Asset class	Equity	Equity
Inception date	N/A	07/24/2023
Beta	1.461	1.1373
Last dividend	—	$0.0640
Ex-dividend date	—	07/09/2026

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

AMZN has outpaced AMZY over the trailing twelve months, posting a 10.07% total return against 1.32%. The lead holds up over 3 years too: AMZN has compounded at 23.75% a year, against 20.50% for AMZY. Figures are total returns: price change plus every distribution reinvested.

Symbol	YTD	1Y	3Y	Since Jul 2023	Volatility	Sharpe	Sortino	Max drawdown
AMZN	8.60%	10.07%	23.75%	24.40%	31.2%	0.54	0.79	-30.9%
AMZY	0.26%	1.32%	20.50%	20.50%	25.2%	0.57	0.80	-23.7%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 7, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jul 2023” measures every fund from July 25, 2023 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

AMZN (Amazon.com, Inc.) is a stock, while AMZY (YieldMax AMZN Option Income Strategy ETF) is an ETF — they take fundamentally different approaches.

AMZY currently shows a 30.79% distribution yield. AMZN has not yet established a full distribution history, so a comparable yield figure is not available.

Deep dive

Yield & income

On a $10,000 investment, AMZN has no reported distribution yield yet, so a monthly income estimate is not available, while AMZY would produce $256.58/month, at current distribution rates.

AMZN yield—

AMZY yield30.79%

Cost & efficiency

Over 10 years on $10,000, AMZN would cost approximately $0 in fees vs $1,010 for AMZY (simplified, not compounded). The $1,010.00 difference may be offset by yield or performance.

AMZN ER—

AMZY ER1.01%

Strategy & risk

AMZN is a stock, while AMZY tracks Amazon (AMZN) with a covered call approach. Beta is 1.461 for AMZN and 1.1373 for AMZY, indicating AMZY is less volatile relative to the market.

AMZN beta1.461

AMZY beta1.1373

Fund details

AMZN is managed by — (launched 05/15/1997) with — in assets. AMZY is managed by YieldMax (launched 07/24/2023) with $246M in assets.

AMZN AUM—

AMZY AUM$246M

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Frequently asked questions

Which of AMZN or AMZY pays more dividend income?

AMZY currently reports a distribution yield, while AMZN has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between AMZN and AMZY?

AMZN (Amazon.com, Inc.) is a stock, while AMZY (YieldMax AMZN Option Income Strategy ETF) tracks Amazon (AMZN) with a covered call approach. They are issued by — and YieldMax respectively.

Can I hold both AMZN and AMZY?

Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.

Which has lower fees, AMZN or AMZY?

AMZN has an expense ratio of — while AMZY charges 1.01%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in AMZN vs AMZY generate?

At current rates, AMZN has not established a distribution history yet, so a monthly income estimate is not available. The same in AMZY would produce about $256.58 per month ($3,079.00 annually).

Which has performed better historically, AMZN or AMZY?

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AMZN vs AMZY — at a glance

Generated July 2026 from current fund data.

Overview

AMZN is Amazon's stock itself—the underlying e-commerce and cloud computing company. AMZY is a covered-call ETF launched by YieldMax that holds AMZN and sells call options against it to generate weekly income. The key distinction: AMZN offers growth and no distributions; AMZY trades upside capture for a 32.85% annualized yield through systematic call selling.

How they differ

AMZY's defining feature is its covered-call structure. It holds Amazon shares but systematically sells call options, capping upside in exchange for option premium that flows to investors as weekly distributions. AMZN has beta of 1.461 versus AMZY's 1.1373, reflecting the volatility dampening built into the call overlay.

The yield gap is stark: AMZY distributes 32.85% annually; AMZN pays no dividend. AMZY's 1.01% expense ratio covers the fund's operational costs and the mechanics of rolling calls weekly. AMZY is also far smaller, with $246M in AUM versus Amazon's massive market cap, and has only been live since July 2023, so its track record is limited. The trade-off is immediate: chase weekly income through AMZY and accept a ceiling on stock appreciation; own AMZN and retain full upside but forgo all distributions.

Who each is best for

AMZN: Fits investors with a multi-year time horizon who believe in Amazon's long-term growth in cloud and retail and want to avoid the drag of option premium erosion that comes with systematic call selling.

AMZY: Fits investors seeking regular current income from an Amazon position who are comfortable capping upside at the strike price each week and view Amazon as a mature holding rather than a growth catalyst.

Key risks to know

NAV erosion at extreme yields. A 32.85% distribution rate on a single-equity ETF almost certainly includes return-of-capital components. Over time, this structure erodes NAV relative to the underlying stock, particularly if Amazon's fundamentals underperform or the stock stagnates.

Call strike risk. If AMZN rallies sharply, AMZY holders miss gains above the weekly strike. Conversely, if AMZN drops, the call premium collected provides some cushion, but holders still lose principal alongside the broader market.

Single-name concentration. AMZY holds only Amazon. There is no diversification; company-specific risk—regulatory action, management change, competitive pressure in AWS—directly impacts 100% of the fund's value.

Limited track record. AMZY launched in July 2023. Performance data is sparse, and sustained high yields during a market downturn or Amazon underperformance remain untested.

Bottom line

If you want full upside exposure to Amazon's growth and can tolerate no current income, AMZN is the direct path. If you prioritize weekly cash flow and accept a capped appreciation potential, AMZY offers that trade—but at the cost of NAV erosion risk and total dependence on a single name. Past performance, especially for AMZY's brief history, does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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