AMZW vs. AVGW

Last updated Aug 2, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and AVGW (Roundhill AVGO WeeklyPay™ ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, AMZW returned 25.64% vs 34.76% for AVGW. Their 0.30 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

AMZW vs. AVGW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMZN WeeklyPay ETF (AMZW) and Roundhill AVGO WeeklyPay™ ETF (AVGW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZW achieves a 18.02% return, which is significantly higher than AVGW's 11.29% return.

AMZW

• 1D: 18.15%
• 1M: 13.81%
• 6M: 13.42%
• YTD: 18.02%
• 1Y: 25.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.57%

AVGW

• 1D: 0.15%
• 1M: 8.69%
• 6M: 17.62%
• YTD: 11.29%
• 1Y: 34.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.37%

*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)
AMZW Roundhill AMZN WeeklyPay ETF	$728.39K	$587.12K	$751.31K
AVGW Roundhill AVGO WeeklyPay™ ETF	$694.73K	$793.72K	$1.36M

AMZW vs. AVGW - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	18.02%	-0.79%
AVGW Roundhill AVGO WeeklyPay™ ETF	11.29%	20.48%

Correlation

The correlation between AMZW and AVGW is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.30

AMZW vs. AVGW - Sectors Allocation Comparison

Sectors	AMZW	AVGW
Consumer Cyclical	20.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	21.8%
Utilities	-	-

Return for Risk

AMZW vs. AVGW — Risk / Return Rank

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

AMZW

AMZW Risk / Return Rank: 20
AMZW Sharpe Ratio Rank: 18
AMZW Sortino Ratio Rank: 22
AMZW Omega Ratio Rank: 22
AMZW Calmar Ratio Rank: 20
AMZW Martin Ratio Rank: 18

AVGW

AVGW Risk / Return Rank: 28
AVGW Sharpe Ratio Rank: 25
AVGW Sortino Ratio Rank: 30
AVGW Omega Ratio Rank: 30
AVGW Calmar Ratio Rank: 28
AVGW Martin Ratio Rank: 24

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.

AMZW vs. AVGW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) and Roundhill AVGO WeeklyPay™ ETF (AVGW). 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.

	AMZW	AVGW	Difference
Sharpe ratio: Return per unit of total volatility	0.32	0.57	-0.25
Sortino ratio: Return per unit of downside risk	0.80	1.16	-0.36
Omega ratio: Gain probability vs. loss probability	1.10	1.14	-0.05
Calmar ratio: Return relative to maximum drawdown	0.51	0.94	-0.43
Martin ratio: Return relative to average drawdown	1.06	1.85	-0.79

AMZW vs. AVGW - Sharpe Ratio Comparison

The current AMZW Sharpe Ratio is 0.32, which is lower than the AVGW Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of AMZW and AVGW, 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

AMZW vs. AVGW - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, smaller than the maximum AVGW drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for AMZW and AVGW.

Drawdown Indicators

	AMZW	AVGW	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-34.65%	+7.86%
Max Drawdown (1Y) Largest decline over 1 year	-26.79%	-34.65%	+7.86%
Current Drawdown Current decline from peak	-2.81%	-23.70%	+20.89%
Average Drawdown Average peak-to-trough decline	-9.73%	-14.04%	+4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.88%	17.49%	-4.61%

Volatility

AMZW vs. AVGW - Volatility Comparison

Roundhill AMZN WeeklyPay ETF (AMZW) has a higher volatility of 19.61% compared to Roundhill AVGO WeeklyPay™ ETF (AVGW) at 15.46%. This indicates that AMZW's price experiences larger fluctuations and is considered to be riskier than AVGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZW	AVGW	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.61%	15.46%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	31.80%	41.21%	-9.41%
Volatility (1Y) Calculated over the trailing 1-year period	42.59%	57.08%	-14.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.99%	56.59%	-15.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.99%	56.59%	-15.60%

AMZW vs. AVGW - Expense Ratio Comparison

Both AMZW and AVGW have an expense ratio of 0.99%.

Dividends

AMZW vs. AVGW - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 40.59%, less than AVGW's 70.12% yield.

Position	TTM	2025
AMZW Roundhill AMZN WeeklyPay ETF	40.59%	25.29%
AVGW Roundhill AVGO WeeklyPay™ ETF	70.12%	31.15%

Frequently Asked Questions

Can I hold both AMZW and AVGW in my portfolio?

AMZW and AVGW have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZW or AVGW?

AMZW has higher volatility (19.61%) compared to AVGW (15.46%). In terms of maximum drawdown, AMZW dropped -26.79% vs AVGW's -34.65%.

Which ETF is better, AMZW or AVGW?

On 1-year performance, AVGW leads with 34.76% vs 25.64% for AMZW. Both ETFs have the same 0.99% expense ratio. On volatility, AVGW has been the lower-risk option at 15.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZW or AVGW?

Over the 1-year period, AVGW has performed better with a 34.76% return vs 25.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZW or AVGW?

AMZW and AVGW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, AMZW or AVGW?

AVGW has the higher dividend yield at 70.12%, compared with 40.59% for AMZW.

Which has better risk-adjusted returns?

AVGW currently has the higher Sharpe Ratio (0.57 vs 0.32), 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.