AMDW vs. BAGY

Last updated Jun 23, 2026

AMDW (Roundhill AMD WeeklyPay ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both Derivative Income funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. AMDW charges 0.99%/yr vs 0.65%/yr for BAGY.

Performance

AMDW vs. BAGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMD WeeklyPay ETF (AMDW) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDW achieves a 197.43% return, which is significantly higher than BAGY's -22.48% return.

AMDW

• 1D: 3.42%
• 1M: 21.31%
• YTD: 197.43%
• 6M: 195.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAGY

• 1D: 2.77%
• 1M: -15.35%
• YTD: -22.48%
• 6M: -23.01%
• 1Y: -36.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDW vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
AMDW Roundhill AMD WeeklyPay ETF	197.43%	36.56%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-22.48%	-27.52%

Correlation

The correlation between AMDW and BAGY is 0.43, 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	0.43

Return for Risk

AMDW vs. BAGY — Risk / Return Rank

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

AMDW

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

BAGY

BAGY Risk / Return Rank: 2
BAGY Sharpe Ratio Rank: 2
BAGY Sortino Ratio Rank: 3
BAGY Omega Ratio Rank: 3
BAGY Calmar Ratio Rank: 3
BAGY Martin Ratio Rank: 2

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.

AMDW vs. BAGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMD WeeklyPay ETF (AMDW) and Amplify Bitcoin Max Income Covered Call ETF (BAGY). 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.

	AMDW	BAGY	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.86	—
Sortino ratio: Return per unit of downside risk	—	-1.13	—
Omega ratio: Gain probability vs. loss probability	—	0.87	—
Calmar ratio: Return relative to maximum drawdown	—	-0.73	—
Martin ratio: Return relative to average drawdown	—	-1.30	—

Drawdowns

AMDW vs. BAGY - Drawdown Comparison

The maximum AMDW drawdown since its inception was -34.64%, smaller than the maximum BAGY drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for AMDW and BAGY.

Drawdown Indicators

	AMDW	BAGY	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-49.84%	+15.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.84%	—
Current Drawdown Current decline from peak	0.00%	-45.46%	+45.46%
Average Drawdown Average peak-to-trough decline	-14.28%	-20.67%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.18%	—

Volatility

Volatility by Period

	AMDW	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.18%	42.85%	+40.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.18%	41.24%	+41.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.18%	41.24%	+41.94%

AMDW vs. BAGY - Expense Ratio Comparison

AMDW has a 0.99% expense ratio, which is higher than BAGY's 0.65% expense ratio.

Dividends

AMDW vs. BAGY - Dividend Comparison

AMDW's dividend yield for the trailing twelve months is around 34.46%, less than BAGY's 58.68% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	34.46%	34.78%
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.68%	30.16%

Frequently Asked Questions

Can I hold both AMDW and BAGY in my portfolio?

AMDW and BAGY have a correlation of 0.43, 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 BAGY?

On fees, BAGY is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDW or BAGY?

BAGY is cheaper with a 0.65% expense ratio, compared with 0.99% for AMDW.

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

BAGY has the higher dividend yield at 58.68%, compared with 34.46% for AMDW.

What is the main difference between AMDW and BAGY?

They also come from different issuers: Roundhill and Amplify. Their fees differ too: 0.99% for AMDW and 0.65% for BAGY.