AMDW vs. TSMY

Last updated Jun 4, 2026

AMDW (Roundhill AMD WeeklyPay ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

AMDW vs. TSMY - Performance Comparison

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

Returns By Period

In the year-to-date period, AMDW achieves a 192.40% return, which is significantly higher than TSMY's 37.04% return.

AMDW

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

TSMY

• 1D: -1.37%
• 1M: 7.48%
• YTD: 37.04%
• 6M: 39.21%
• 1Y: 92.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDW vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025
AMDW Roundhill AMD WeeklyPay ETF	192.40%	34.24%
TSMY YieldMax TSM Option Income Strategy ETF	37.04%	20.82%

Correlation

The correlation between AMDW and TSMY is 0.49, 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 25, 2025	0.49

Return for Risk

AMDW vs. TSMY — Risk / Return Rank

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

TSMY

TSMY Risk / Return Rank: 88
TSMY Sharpe Ratio Rank: 90
TSMY Sortino Ratio Rank: 85
TSMY Omega Ratio Rank: 82
TSMY Calmar Ratio Rank: 91
TSMY Martin Ratio Rank: 91

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. TSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMD WeeklyPay ETF (AMDW) and YieldMax TSM Option Income Strategy ETF (TSMY). 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	TSMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.83	1.56	+3.27

Drawdowns

AMDW vs. TSMY - Drawdown Comparison

The maximum AMDW drawdown since its inception was -34.64%, which is greater than TSMY's maximum drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for AMDW and TSMY.

Drawdown Indicators

	AMDW	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-31.15%	-3.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.50%	—
Current Drawdown Current decline from peak	0.00%	-1.37%	+1.37%
Average Drawdown Average peak-to-trough decline	-14.66%	-5.51%	-9.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.17%	—

Volatility

Volatility by Period

	AMDW	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	81.56%	28.87%	+52.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.56%	33.22%	+48.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.56%	33.22%	+48.34%

AMDW vs. TSMY - Expense Ratio Comparison

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

Dividends

AMDW vs. TSMY - Dividend Comparison

AMDW's dividend yield for the trailing twelve months is around 28.98%, less than TSMY's 52.19% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%	0.00%
TSMY YieldMax TSM Option Income Strategy ETF	52.19%	56.76%	13.71%

Frequently Asked Questions

Can I hold both AMDW and TSMY in my portfolio?

AMDW and TSMY have a correlation of 0.49, 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 TSMY?

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, AMDW or TSMY?

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

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

TSMY has the higher dividend yield at 52.19%, compared with 28.98% for AMDW.

What is the main difference between AMDW and TSMY?

They also come from different issuers: Roundhill and YieldMax.