AMDW vs. ACII

Last updated Jun 4, 2026

AMDW (Roundhill AMD WeeklyPay ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.80, they often move in opposite directions. AMDW charges 0.99%/yr vs 0.79%/yr for ACII.

Performance

AMDW vs. ACII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMD WeeklyPay ETF (AMDW) and Innovator Index Autocallable Income Strategy ETF (ACII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMDW

• 1D: 4.91%
• 1M: 72.80%
• YTD: 192.40%
• 6M: 186.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACII

• 1D: -0.95%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDW vs. ACII - Yearly Performance Comparison

	2026 (YTD)
AMDW Roundhill AMD WeeklyPay ETF	5.66%
ACII Innovator Index Autocallable Income Strategy ETF	-1.10%

Correlation

The correlation between AMDW and ACII is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.80

Return for Risk

AMDW vs. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMD WeeklyPay ETF (AMDW) and Innovator Index Autocallable Income Strategy ETF (ACII). 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.

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

Sharpe Ratios by Period

	AMDW	ACII	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.83	-7.55	+12.38

Drawdowns

AMDW vs. ACII - Drawdown Comparison

The maximum AMDW drawdown since its inception was -34.64%, which is greater than ACII's maximum drawdown of -1.27%. Use the drawdown chart below to compare losses from any high point for AMDW and ACII.

Drawdown Indicators

	AMDW	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-1.27%	-33.37%
Current Drawdown Current decline from peak	0.00%	-1.27%	+1.27%
Average Drawdown Average peak-to-trough decline	-14.66%	-0.42%	-14.24%

Volatility

Volatility by Period

	AMDW	ACII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	81.56%	7.65%	+73.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.56%	7.65%	+73.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.56%	7.65%	+73.91%

AMDW vs. ACII - Expense Ratio Comparison

AMDW has a 0.99% expense ratio, which is higher than ACII's 0.79% expense ratio.

Dividends

AMDW vs. ACII - Dividend Comparison

AMDW's dividend yield for the trailing twelve months is around 28.98%, more than ACII's 0.74% yield.

Position	TTM	2025
ACII Innovator Index Autocallable Income Strategy ETF	0.74%	0.00%
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%

Frequently Asked Questions

Can I hold both AMDW and ACII in my portfolio?

AMDW and ACII have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMDW or ACII?

On fees, ACII is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDW or ACII?

ACII is cheaper with a 0.79% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 28.98%, compared with 0.74% for ACII.

What is the main difference between AMDW and ACII?

They also come from different issuers: Roundhill and Innovator. Their fees differ too: 0.99% for AMDW and 0.79% for ACII.