AAPW vs. AMDW

Last updated Aug 4, 2026

AAPW (AAPL WeeklyPay™ ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, AAPW returned 54.84% vs 214.50% for AMDW. Their 0.11 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

AAPW vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAPL WeeklyPay™ ETF (AAPW) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPW achieves a 11.02% return, which is significantly lower than AMDW's 150.89% return.

AAPW

• 1D: -2.28%
• 1M: -2.47%
• 6M: 12.40%
• YTD: 11.02%
• 1Y: 54.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.83%

AMDW

• 1D: 1.68%
• 1M: -8.62%
• 6M: 113.70%
• YTD: 150.89%
• 1Y: 214.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 231.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAPW AAPL WeeklyPay™ ETF	$952.50K	$777.94K	$708.97K
AMDW Roundhill AMD WeeklyPay ETF	$10.29M	$9.36M	$8.60M

AAPW vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
AAPW AAPL WeeklyPay™ ETF	11.02%	30.43%
AMDW Roundhill AMD WeeklyPay ETF	150.89%	36.56%

Correlation

The correlation between AAPW and AMDW is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.11

AAPW vs. AMDW - Sectors Allocation Comparison

Sectors	AAPW	AMDW
Technology	12.5%	19.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AAPW vs. AMDW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAPW

AAPW Risk / Return Rank: 72
AAPW Sharpe Ratio Rank: 74
AAPW Sortino Ratio Rank: 70
AAPW Omega Ratio Rank: 74
AAPW Calmar Ratio Rank: 83
AAPW Martin Ratio Rank: 60

AMDW

AMDW Risk / Return Rank: 89
AMDW Sharpe Ratio Rank: 93
AMDW Sortino Ratio Rank: 87
AMDW Omega Ratio Rank: 83
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAPW vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAPL WeeklyPay™ ETF (AAPW) and Roundhill AMD WeeklyPay ETF (AMDW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAPW	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.52	-0.77
Sortino ratio: Return per unit of downside risk	2.35	3.02	-0.67
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	3.17	6.23	-3.06
Martin ratio: Return relative to average drawdown	7.52	12.22	-4.71

AAPW vs. AMDW - Sharpe Ratio Comparison

The current AAPW Sharpe Ratio is 1.75, which is lower than the AMDW Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of AAPW and AMDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAPW vs. AMDW - Drawdown Comparison

The maximum AAPW drawdown since its inception was -36.28%, roughly equal to the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for AAPW and AMDW.

Drawdown Indicators

	AAPW	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-36.28%	-34.64%	-1.64%
Max Drawdown (1Y) Largest decline over 1 year	-17.36%	-34.64%	+17.28%
Current Drawdown Current decline from peak	-13.04%	-20.07%	+7.03%
Average Drawdown Average peak-to-trough decline	-10.45%	-13.99%	+3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.32%	17.63%	-10.31%

Volatility

AAPW vs. AMDW - Volatility Comparison

The current volatility for AAPL WeeklyPay™ ETF (AAPW) is 13.12%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 28.57%. This indicates that AAPW experiences smaller price fluctuations and is considered to be less risky than AMDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPW	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.12%	28.57%	-15.45%
Volatility (6M) Calculated over the trailing 6-month period	24.92%	66.95%	-42.03%
Volatility (1Y) Calculated over the trailing 1-year period	31.52%	85.77%	-54.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.69%	84.89%	-49.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.69%	84.89%	-49.20%

AAPW vs. AMDW - Expense Ratio Comparison

Both AAPW and AMDW have an expense ratio of 0.99%.

Dividends

AAPW vs. AMDW - Dividend Comparison

AAPW's dividend yield for the trailing twelve months is around 31.96%, less than AMDW's 55.51% yield.

Position	TTM	2025
AAPW AAPL WeeklyPay™ ETF	31.96%	28.83%
AMDW Roundhill AMD WeeklyPay ETF	55.51%	34.78%

Frequently Asked Questions

Can I hold both AAPW and AMDW in my portfolio?

AAPW and AMDW have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAPW or AMDW?

AMDW has higher volatility (28.57%) compared to AAPW (13.12%). In terms of maximum drawdown, AAPW dropped -36.28% vs AMDW's -34.64%.

Which ETF is better, AAPW or AMDW?

On 1-year performance, AMDW leads with 214.50% vs 54.84% for AAPW. Both ETFs have the same 0.99% expense ratio. On volatility, AAPW has been the lower-risk option at 13.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAPW or AMDW?

Over the 1-year period, AMDW has performed better with a 214.50% return vs 54.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAPW or AMDW?

AAPW and AMDW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, AAPW or AMDW?

AMDW has the higher dividend yield at 55.51%, compared with 31.96% for AAPW.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.52 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.