AAPY vs. AMDW

Last updated Aug 5, 2026

AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AAPY returned 37.65% vs 234.24% for AMDW. Their 0.11 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

AAPY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) 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, AAPY achieves a 11.73% return, which is significantly lower than AMDW's 175.61% return.

AAPY

• 1D: 2.02%
• 1M: -0.68%
• 6M: 13.26%
• YTD: 11.73%
• 1Y: 37.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.99%

AMDW

• 1D: 9.85%
• 1M: 0.38%
• 6M: 139.25%
• YTD: 175.61%
• 1Y: 234.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 262.37%

*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)
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	$196.29K	$152.82K	$144.37K
AMDW Roundhill AMD WeeklyPay ETF	$10.30M	$9.38M	$8.59M

AAPY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.73%	19.25%
AMDW Roundhill AMD WeeklyPay ETF	175.61%	36.56%

Correlation

The correlation between AAPY 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

Return for Risk

AAPY vs. AMDW — Risk / Return Rank

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

AAPY

AAPY Risk / Return Rank: 54
AAPY Sharpe Ratio Rank: 52
AAPY Sortino Ratio Rank: 48
AAPY Omega Ratio Rank: 56
AAPY Calmar Ratio Rank: 66
AAPY Martin Ratio Rank: 50

AMDW

AMDW Risk / Return Rank: 89
AMDW Sharpe Ratio Rank: 94
AMDW Sortino Ratio Rank: 86
AMDW Omega Ratio Rank: 83
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 85

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.

AAPY vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) 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.

	AAPY	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.74	-1.30
Sortino ratio: Return per unit of downside risk	1.95	3.15	-1.20
Omega ratio: Gain probability vs. loss probability	1.28	1.39	-0.11
Calmar ratio: Return relative to maximum drawdown	2.61	6.81	-4.19
Martin ratio: Return relative to average drawdown	6.45	13.34	-6.89

AAPY vs. AMDW - Sharpe Ratio Comparison

The current AAPY Sharpe Ratio is 1.45, which is lower than the AMDW Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of AAPY 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

AAPY vs. AMDW - Drawdown Comparison

The maximum AAPY drawdown since its inception was -29.22%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for AAPY and AMDW.

Drawdown Indicators

	AAPY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-34.64%	+5.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-34.64%	+20.17%
Current Drawdown Current decline from peak	-10.26%	-12.20%	+1.94%
Average Drawdown Average peak-to-trough decline	-6.24%	-13.98%	+7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.85%	17.65%	-11.80%

Volatility

AAPY vs. AMDW - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Apple (AAPL) ETF (AAPY) is 11.55%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 29.22%. This indicates that AAPY 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

	AAPY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	29.22%	-17.67%
Volatility (6M) Calculated over the trailing 6-month period	22.82%	67.41%	-44.59%
Volatility (1Y) Calculated over the trailing 1-year period	26.17%	86.09%	-59.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.92%	85.21%	-61.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.92%	85.21%	-61.29%

AAPY vs. AMDW - Expense Ratio Comparison

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

Dividends

AAPY vs. AMDW - Dividend Comparison

AAPY's dividend yield for the trailing twelve months is around 11.81%, less than AMDW's 49.89% yield.

Position	TTM	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.81%	12.66%	17.15%	2.16%
AMDW Roundhill AMD WeeklyPay ETF	49.89%	34.78%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPY and AMDW in my portfolio?

AAPY 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, AAPY or AMDW?

AMDW has higher volatility (29.22%) compared to AAPY (11.55%). In terms of maximum drawdown, AAPY dropped -29.22% vs AMDW's -34.64%.

Which ETF is better, AAPY or AMDW?

On 1-year performance, AMDW leads with 234.24% vs 37.65% for AAPY. Both ETFs have the same 0.99% expense ratio. On volatility, AAPY has been the lower-risk option at 11.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAPY or AMDW?

Over the 1-year period, AMDW has performed better with a 234.24% return vs 37.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAPY or AMDW?

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

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

AMDW has the higher dividend yield at 49.89%, compared with 11.81% for AAPY.

What is the main difference between AAPY and AMDW?

They also come from different issuers: Kurv and Roundhill.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.74 vs 1.45), 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.