AMDW vs. XLVI

Last updated Jun 5, 2026

AMDW (Roundhill AMD WeeklyPay ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. AMDW charges 0.99%/yr vs 0.35%/yr for XLVI.

Performance

AMDW vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMD WeeklyPay ETF (AMDW) and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDW achieves a 181.57% return, which is significantly higher than XLVI's 1.35% return.

AMDW

• 1D: -3.70%
• 1M: 58.72%
• YTD: 181.57%
• 6M: 177.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLVI

• 1D: 2.03%
• 1M: 4.01%
• YTD: 1.35%
• 6M: 3.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDW vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
AMDW Roundhill AMD WeeklyPay ETF	181.57%	19.12%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	1.35%	12.79%

Correlation

The correlation between AMDW and XLVI 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 31, 2025	0.07

AMDW vs. XLVI - Sectors Allocation Comparison

Sectors	AMDW	XLVI
Technology	28.6%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.6%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AMDW vs. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMD WeeklyPay ETF (AMDW) and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI). 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	XLVI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.53	1.54	+2.99

Drawdowns

AMDW vs. XLVI - Drawdown Comparison

The maximum AMDW drawdown since its inception was -34.64%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for AMDW and XLVI.

Drawdown Indicators

	AMDW	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-34.64%	-8.14%	-26.50%
Current Drawdown Current decline from peak	-3.70%	-2.08%	-1.62%
Average Drawdown Average peak-to-trough decline	-14.61%	-1.95%	-12.66%

Volatility

Volatility by Period

	AMDW	XLVI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	81.51%	11.12%	+70.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.51%	11.12%	+70.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.51%	11.12%	+70.39%

AMDW vs. XLVI - Expense Ratio Comparison

AMDW has a 0.99% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

AMDW vs. XLVI - Dividend Comparison

AMDW's dividend yield for the trailing twelve months is around 30.10%, more than XLVI's 11.30% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	30.10%	34.78%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.30%	5.73%

Frequently Asked Questions

Can I hold both AMDW and XLVI in my portfolio?

AMDW and XLVI 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 XLVI?

On fees, XLVI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDW or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 30.10%, compared with 11.30% for XLVI.

What is the main difference between AMDW and XLVI?

They also come from different issuers: Roundhill and State Street. Their fees differ too: 0.99% for AMDW and 0.35% for XLVI.