AMDW vs. CHPY

Last updated Aug 2, 2026

AMDW (Roundhill AMD WeeklyPay ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AMDW returned 209.29% vs 93.51% for CHPY. Their 0.76 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.99% expense ratio.

Performance

AMDW vs. CHPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMD WeeklyPay ETF (AMDW) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). 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 CHPY's 55.50% return.

AMDW

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

CHPY

• 1D: 0.27%
• 1M: -11.10%
• 6M: 39.35%
• YTD: 55.50%
• 1Y: 93.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 95.90%

*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
CHPY YieldMax Semiconductor Portfolio Option Income ETF	$53.10M	$56.24M	$62.00M

AMDW vs. CHPY - Yearly Performance Comparison

	2026 (YTD)	2025
AMDW Roundhill AMD WeeklyPay ETF	146.74%	36.56%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	55.50%	22.74%

Correlation

The correlation between AMDW and CHPY is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.76

The correlation between AMDW and CHPY has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

AMDW vs. CHPY — 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

CHPY

CHPY Risk / Return Rank: 89
CHPY Sharpe Ratio Rank: 92
CHPY Sortino Ratio Rank: 85
CHPY Omega Ratio Rank: 88
CHPY Calmar Ratio Rank: 86
CHPY Martin Ratio Rank: 92

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. CHPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMD WeeklyPay ETF (AMDW) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). 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	CHPY	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.41	-0.05
Sortino ratio: Return per unit of downside risk	2.92	2.82	+0.10
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	5.83	3.33	+2.50
Martin ratio: Return relative to average drawdown	11.47	15.63	-4.16

AMDW vs. CHPY - Sharpe Ratio Comparison

The current AMDW Sharpe Ratio is 2.36, which is comparable to the CHPY Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of AMDW and CHPY, 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. CHPY - Drawdown Comparison

The maximum AMDW drawdown since its inception was -34.64%, which is greater than CHPY's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for AMDW and CHPY.

Drawdown Indicators

	AMDW	CHPY	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-27.64%	-7.00%
Max Drawdown (1Y) Largest decline over 1 year	-34.64%	-27.64%	-7.00%
Current Drawdown Current decline from peak	-21.39%	-20.81%	-0.58%
Average Drawdown Average peak-to-trough decline	-13.97%	-3.03%	-10.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.59%	5.88%	+11.71%

Volatility

AMDW vs. CHPY - Volatility Comparison

Roundhill AMD WeeklyPay ETF (AMDW) has a higher volatility of 28.87% compared to YieldMax Semiconductor Portfolio Option Income ETF (CHPY) at 17.69%. This indicates that AMDW's price experiences larger fluctuations and is considered to be riskier than CHPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDW	CHPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.87%	17.69%	+11.18%
Volatility (6M) Calculated over the trailing 6-month period	67.40%	34.00%	+33.40%
Volatility (1Y) Calculated over the trailing 1-year period	85.70%	38.28%	+47.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.05%	39.15%	+45.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.05%	39.15%	+45.90%

AMDW vs. CHPY - Expense Ratio Comparison

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

Dividends

AMDW vs. CHPY - Dividend Comparison

AMDW's dividend yield for the trailing twelve months is around 53.42%, more than CHPY's 38.69% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	53.42%	34.78%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	38.69%	28.19%

Frequently Asked Questions

Can I hold both AMDW and CHPY in my portfolio?

AMDW and CHPY have a correlation of 0.77, 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 CHPY?

AMDW has higher volatility (28.87%) compared to CHPY (17.69%). In terms of maximum drawdown, AMDW dropped -34.64% vs CHPY's -27.64%.

Which ETF is better, AMDW or CHPY?

On 1-year performance, AMDW leads with 209.29% vs 93.51% for CHPY. Both ETFs have the same 0.99% expense ratio. On volatility, CHPY has been the lower-risk option at 17.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDW or CHPY?

Over the 1-year period, AMDW has performed better with a 209.29% return vs 93.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDW or CHPY?

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

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

AMDW has the higher dividend yield at 53.42%, compared with 38.69% for CHPY.

What is the main difference between AMDW and CHPY?

They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

CHPY currently has the higher Sharpe Ratio (2.41 vs 2.36), 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.