AMDW vs. USOY

Last updated Jul 17, 2026

AMDW (Roundhill AMD WeeklyPay ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. AMDW charges 0.99%/yr vs 1.22%/yr for USOY.

Performance

AMDW vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMD WeeklyPay ETF (AMDW) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDW achieves a 163.57% return, which is significantly higher than USOY's 42.63% return.

AMDW

• 1D: -6.28%
• 1M: -2.08%
• 6M: 145.80%
• YTD: 163.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.33%
• 1M: 2.97%
• 6M: 41.81%
• YTD: 42.63%
• 1Y: 34.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDW vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
AMDW Roundhill AMD WeeklyPay ETF	163.57%	36.56%
USOY Defiance Oil Enhanced Options Income ETF	42.63%	-5.67%

Correlation

The correlation between AMDW and USOY is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	-0.07

Return for Risk

AMDW vs. USOY — 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.

USOY

USOY Risk / Return Rank: 34
USOY Sharpe Ratio Rank: 36
USOY Sortino Ratio Rank: 34
USOY Omega Ratio Rank: 37
USOY Calmar Ratio Rank: 32
USOY Martin Ratio Rank: 34

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. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMD WeeklyPay ETF (AMDW) and Defiance Oil Enhanced Options Income ETF (USOY). 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	USOY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.07	—
Sortino ratio: Return per unit of downside risk	—	1.51	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.35	—
Martin ratio: Return relative to average drawdown	—	4.08	—

Drawdowns

AMDW vs. USOY - Drawdown Comparison

The maximum AMDW drawdown since its inception was -34.64%, which is greater than USOY's maximum drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for AMDW and USOY.

Drawdown Indicators

	AMDW	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-25.51%	-9.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.51%	—
Current Drawdown Current decline from peak	-16.03%	-16.55%	+0.52%
Average Drawdown Average peak-to-trough decline	-13.84%	-7.07%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.45%	—

Volatility

Volatility by Period

	AMDW	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.60%	32.42%	+51.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.60%	27.06%	+56.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.60%	27.06%	+56.54%

AMDW vs. USOY - Expense Ratio Comparison

AMDW has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

AMDW vs. USOY - Dividend Comparison

AMDW's dividend yield for the trailing twelve months is around 45.55%, less than USOY's 62.58% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	45.55%	34.78%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	62.58%	104.32%	48.60%

Frequently Asked Questions

Can I hold both AMDW and USOY in my portfolio?

AMDW and USOY have a correlation of -0.07, 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 USOY?

On fees, AMDW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDW or USOY?

AMDW is cheaper with a 0.99% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 62.58%, compared with 45.55% for AMDW.

What is the main difference between AMDW and USOY?

They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.99% for AMDW and 1.22% for USOY.