AMDW vs. BAGY

Last updated Aug 2, 2026

AMDW (Roundhill AMD WeeklyPay ETF) and BAGY (Amplify Bitcoin Max Income Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AMDW returned 209.29% vs -43.56% for BAGY. Their 0.41 correlation means their historical movements had little consistent relationship. 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 146.74% return, which is significantly higher than BAGY's -25.41% return.

AMDW

• 1D: -2.02%
• 1M: -10.13%
• 6M: 119.90%
• YTD: 146.74%
• 1Y: 209.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 229.60%

BAGY

• 1D: -3.04%
• 1M: 2.02%
• 6M: -23.70%
• YTD: -25.41%
• 1Y: -43.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.15%

*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)
AMDW Roundhill AMD WeeklyPay ETF	$10.26M	$9.58M	$8.51M
BAGY Amplify Bitcoin Max Income Covered Call ETF	$101.08K	$73.24K	$162.64K

AMDW vs. BAGY - Yearly Performance Comparison

	2026 (YTD)	2025
AMDW Roundhill AMD WeeklyPay ETF	146.74%	36.56%
BAGY Amplify Bitcoin Max Income Covered Call ETF	-25.41%	-27.52%

Correlation

The correlation between AMDW and BAGY is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.41

Return for Risk

AMDW vs. BAGY — Risk / Return Rank

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

AMDW

AMDW Risk / Return Rank: 88
AMDW Sharpe Ratio Rank: 92
AMDW Sortino Ratio Rank: 87
AMDW Omega Ratio Rank: 84
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 84

BAGY

BAGY Risk / Return Rank: 1
BAGY Sharpe Ratio Rank: 1
BAGY Sortino Ratio Rank: 2
BAGY Omega Ratio Rank: 2
BAGY Calmar Ratio Rank: 1
BAGY Martin Ratio Rank: 1

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.

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	2.36	-1.05	+3.41
Sortino ratio: Return per unit of downside risk	2.92	-1.56	+4.48
Omega ratio: Gain probability vs. loss probability	1.36	0.82	+0.54
Calmar ratio: Return relative to maximum drawdown	5.83	-0.90	+6.73
Martin ratio: Return relative to average drawdown	11.47	-1.41	+12.88

AMDW vs. BAGY - Sharpe Ratio Comparison

The current AMDW Sharpe Ratio is 2.36, which is higher than the BAGY Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of AMDW and BAGY, 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

AMDW vs. BAGY - Drawdown Comparison

The maximum AMDW drawdown since its inception was -34.64%, smaller than the maximum BAGY drawdown of -50.68%. 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%	-50.68%	+16.04%
Max Drawdown (1Y) Largest decline over 1 year	-34.64%	-50.68%	+16.04%
Current Drawdown Current decline from peak	-21.39%	-47.52%	+26.13%
Average Drawdown Average peak-to-trough decline	-13.97%	-23.05%	+9.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.59%	32.33%	-14.74%

Volatility

AMDW vs. BAGY - Volatility Comparison

Roundhill AMD WeeklyPay ETF (AMDW) has a higher volatility of 28.87% compared to Amplify Bitcoin Max Income Covered Call ETF (BAGY) at 9.56%. This indicates that AMDW's price experiences larger fluctuations and is considered to be riskier than BAGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDW	BAGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.87%	9.56%	+19.31%
Volatility (6M) Calculated over the trailing 6-month period	67.40%	33.94%	+33.46%
Volatility (1Y) Calculated over the trailing 1-year period	85.70%	43.52%	+42.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.05%	40.73%	+44.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.05%	40.73%	+44.32%

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 53.42%, less than BAGY's 56.20% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	53.42%	34.78%
BAGY Amplify Bitcoin Max Income Covered Call ETF	56.20%	30.16%

Frequently Asked Questions

Can I hold both AMDW and BAGY in my portfolio?

AMDW and BAGY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDW or BAGY?

AMDW has higher volatility (28.87%) compared to BAGY (9.56%). In terms of maximum drawdown, AMDW dropped -34.64% vs BAGY's -50.68%.

Which ETF is better, AMDW or BAGY?

On 1-year performance, AMDW leads with 209.29% vs -43.56% for BAGY. On fees, BAGY is cheaper at 0.65% per year. On volatility, BAGY has been the lower-risk option at 9.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDW or BAGY?

Over the 1-year period, AMDW has performed better with a 209.29% return vs -43.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 56.20%, compared with 53.42% 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.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.36 vs -1.05), 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.