AAPY vs. AMDW

Last updated Jul 15, 2026

AAPY (Kurv Yield Premium Strategy Apple (AAPL) ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. 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 14.50% return, which is significantly lower than AMDW's 192.73% return.

AAPY

• 1D: -0.76%
• 1M: 7.30%
• 6M: 19.12%
• YTD: 14.50%
• 1Y: 38.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: 2.90%
• 1M: 7.65%
• 6M: 182.36%
• YTD: 192.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAPY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	14.50%	19.25%
AMDW Roundhill AMD WeeklyPay ETF	192.73%	36.56%

Correlation

The correlation between AAPY and AMDW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.16

Return for Risk

AAPY vs. AMDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPY

AAPY Risk / Return Rank: 61
AAPY Sharpe Ratio Rank: 62
AAPY Sortino Ratio Rank: 58
AAPY Omega Ratio Rank: 66
AAPY Calmar Ratio Rank: 68
AAPY Martin Ratio Rank: 50

AMDW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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	1.64	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.71	—	—
Martin ratio: Return relative to average drawdown	6.82	—	—

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%	—	—
Current Drawdown Current decline from peak	-1.68%	-6.74%	+5.06%
Average Drawdown Average peak-to-trough decline	-6.31%	-13.85%	+7.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.73%	—	—

Volatility

Volatility by Period

	AAPY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.88%	83.51%	-59.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.23%	83.51%	-60.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	83.51%	-60.28%

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 11.42%, less than AMDW's 41.01% yield.

Position	TTM	2025	2024	2023
AAPY Kurv Yield Premium Strategy Apple (AAPL) ETF	11.42%	12.66%	17.15%	2.16%
AMDW Roundhill AMD WeeklyPay ETF	41.01%	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 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAPY or AMDW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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 41.01%, compared with 11.42% for AAPY.

What is the main difference between AAPY and AMDW?

They also come from different issuers: Kurv and Roundhill.