Roundhill AMZN WeeklyPay ETF (AMZW) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with AMZW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AMZW
AMZW charges 0.99% annually. There are 138 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | AMZW vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | AMZW vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | AMZW vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | AMZW vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | AMZW vs QQA |
Best Risk-Adjusted Alternatives to AMZW
AMZW has a PortfoliosLab risk / return rank of 13. There are 114 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | AMZW vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | AMZW vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | AMZW vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | AMZW vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | AMZW vs BUCK |
Top Performing AMZW Alternatives (YTD)
AMZW is at -0.54% YTD. There are 155 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | AMZW vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | AMZW vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | AMZW vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | AMZW vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | AMZW vs AMDY |
Lowest Volatility Alternatives to AMZW
AMZW has 37.44% 1-year volatility. There are 207 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | AMZW vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | AMZW vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | AMZW vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | AMZW vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | AMZW vs XRMI |
Lowest Drawdown Alternatives to AMZW
AMZW has a 1-year max drawdown of -26.79%. There are 117 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | AMZW vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | AMZW vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | AMZW vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | AMZW vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | AMZW vs OMAH |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, QDTE, CHAT and span 7 categories. AUM among these funds goes as high as $16B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Roundhill Magnificent Seven ETF | Technology Equities, Large Cap Growth Equities | 25 | -4.28% | 3.78B | Apr 2023 | AMZW vs MAGS | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | Derivative Income, Options Trading | 64 | 12.61% | 864.88M | Mar 2024 | AMZW vs QDTE | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 89 | 63.45% | 2.01B | May 2023 | AMZW vs CHAT | |
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | Derivative Income, S&P 500 | 61 | 6.79% | 317.35M | Mar 2024 | AMZW vs XDTE | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 2 | -26.15% | 128.93M | Jan 2024 | AMZW vs YBTC | |
| Roundhill Daily 2X Long Magnificent Seven ETF | Leveraged Equities | 19 | -13.73% | 65.45M | Feb 2024 | AMZW vs MAGX | |
| Roundhill Memory ETF | Technology Equities | — | — | 15.51B | Apr 2026 | AMZW vs DRAM | |
| PLTR WeeklyPay™ ETF | Derivative Income | 5 | -42.11% | 127.22M | Feb 2025 | AMZW vs PLTW | |
| Roundhill Magnificent Seven Covered Call ETF | Derivative Income | 11 | -7.53% | 147.97M | Apr 2025 | AMZW vs MAGY | |
| Roundhill NVDA WeeklyPay ETF | Derivative Income | 29 | 6.30% | 123.06M | Feb 2025 | AMZW vs NVDW |
Often Compared With AMZW
Investors most often compare AMZW with AMZY, AMZN, AMZP. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare AMZW with Any Fund or Stock
Compare AMZW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AMZW with funds that move differently
Roundhill AMZN WeeklyPay ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AMZW.
Explore AMZW Diversifiers