AMDY vs. AMDW

Last updated Aug 6, 2026

AMDY (YieldMax AMD Option Income Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AMDY returned 132.21% vs 206.80% for AMDW. Their 0.99 correlation means they have historically moved very closely together. AMDY charges 1.23%/yr vs 0.99%/yr for AMDW.

Performance

AMDY vs. AMDW - Performance Comparison

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

Returns By Period

In the year-to-date period, AMDY achieves a 89.19% return, which is significantly lower than AMDW's 150.15% return.

AMDY

• 1D: -7.76%
• 1M: -12.31%
• 6M: 112.74%
• YTD: 89.19%
• 1Y: 132.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.23%

AMDW

• 1D: -9.24%
• 1M: -15.34%
• 6M: 173.56%
• YTD: 150.15%
• 1Y: 206.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 228.78%

*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	$10.57M	$9.37M	$8.65M
AMDY YieldMax AMD Option Income Strategy ETF	$19.85M	$22.98M	$23.52M

AMDY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
AMDY YieldMax AMD Option Income Strategy ETF	89.19%	30.40%
AMDW Roundhill AMD WeeklyPay ETF	150.15%	36.56%

Correlation

The correlation between AMDY and AMDW is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.99

The correlation between AMDY and AMDW has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

AMDY vs. AMDW — Risk / Return Rank

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

AMDY

AMDY Risk / Return Rank: 81
AMDY Sharpe Ratio Rank: 84
AMDY Sortino Ratio Rank: 76
AMDY Omega Ratio Rank: 78
AMDY Calmar Ratio Rank: 93
AMDY Martin Ratio Rank: 73

AMDW

AMDW Risk / Return Rank: 85
AMDW Sharpe Ratio Rank: 90
AMDW Sortino Ratio Rank: 81
AMDW Omega Ratio Rank: 77
AMDW Calmar Ratio Rank: 95
AMDW Martin Ratio Rank: 80

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.

AMDY vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) and Roundhill AMD WeeklyPay ETF (AMDW). 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.

	AMDY	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.40	-0.22
Sortino ratio: Return per unit of downside risk	2.78	2.93	-0.16
Omega ratio: Gain probability vs. loss probability	1.36	1.36	0.00
Calmar ratio: Return relative to maximum drawdown	4.82	6.01	-1.19
Martin ratio: Return relative to average drawdown	10.38	11.75	-1.37

AMDY vs. AMDW - Sharpe Ratio Comparison

The current AMDY Sharpe Ratio is 2.18, which is comparable to the AMDW Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of AMDY and AMDW, 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

AMDY vs. AMDW - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than AMDW's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for AMDY and AMDW.

Drawdown Indicators

	AMDY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	-34.64%	-19.28%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	-34.64%	+7.05%
Current Drawdown Current decline from peak	-15.03%	-20.31%	+5.28%
Average Drawdown Average peak-to-trough decline	-17.38%	-14.01%	-3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.79%	17.69%	-4.90%

Volatility

AMDY vs. AMDW - Volatility Comparison

The current volatility for YieldMax AMD Option Income Strategy ETF (AMDY) is 23.10%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 29.75%. This indicates that AMDY experiences smaller price fluctuations and is considered to be less risky than AMDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.10%	29.75%	-6.65%
Volatility (6M) Calculated over the trailing 6-month period	49.22%	68.16%	-18.94%
Volatility (1Y) Calculated over the trailing 1-year period	60.95%	86.61%	-25.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.41%	85.60%	-37.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.41%	85.60%	-37.19%

AMDY vs. AMDW - Expense Ratio Comparison

AMDY has a 1.23% expense ratio, which is higher than AMDW's 0.99% expense ratio.

Dividends

AMDY vs. AMDW - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 76.06%, more than AMDW's 54.97% yield.

Position	TTM	2025	2024	2023
AMDW Roundhill AMD WeeklyPay ETF	54.97%	34.78%	0.00%	0.00%
AMDY YieldMax AMD Option Income Strategy ETF	76.06%	80.68%	109.98%	6.68%

Frequently Asked Questions

Can I hold both AMDY and AMDW in my portfolio?

With a correlation of 0.99, AMDY and AMDW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMDY or AMDW?

AMDW has higher volatility (29.75%) compared to AMDY (23.10%). In terms of maximum drawdown, AMDY dropped -53.92% vs AMDW's -34.64%.

Which ETF is better, AMDY or AMDW?

On 1-year performance, AMDW leads with 206.80% vs 132.21% for AMDY. On fees, AMDW is cheaper at 0.99% per year. On volatility, AMDY has been the lower-risk option at 23.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDY or AMDW?

Over the 1-year period, AMDW has performed better with a 206.80% return vs 132.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDY or AMDW?

AMDW is cheaper with a 0.99% expense ratio, compared with 1.23% for AMDY.

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

AMDY has the higher dividend yield at 76.06%, compared with 54.97% for AMDW.

What is the main difference between AMDY and AMDW?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.23% for AMDY and 0.99% for AMDW.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.40 vs 2.18), 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.