AMZW vs. JELM
AMZW (Roundhill AMZN WeeklyPay ETF) and JELM (Janus Henderson Equity Linked Moderate Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.19 correlation means they have often moved in opposite directions in the past. AMZW charges 0.99%/yr vs 0.59%/yr for JELM.
Performance
AMZW vs. JELM - Performance Comparison
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Returns By Period
AMZW
- 1D
- -1.74%
- 1M
- 13.55%
- 6M
- 17.47%
- YTD
- 18.32%
- 1Y
- 27.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.54%
JELM
- 1D
- -0.10%
- 1M
- 1.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $934.74K | $647.40K | $754.53K | |
| $214.60K | $418.55K | $965.66K |
AMZW vs. JELM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AMZW Roundhill AMZN WeeklyPay ETF | 9.15% |
JELM Janus Henderson Equity Linked Moderate Income ETF | 2.24% |
Correlation
The correlation between AMZW and JELM is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026 | -0.19 |
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Return for Risk
AMZW vs. JELM — Risk / Return Rank
AMZW
JELM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AMZW vs. JELM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) and Janus Henderson Equity Linked Moderate Income ETF (JELM). 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 | JELM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | — | — |
| Martin ratioReturn relative to average drawdown | 2.12 | — | — |
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Drawdowns
AMZW vs. JELM - Drawdown Comparison
The maximum AMZW drawdown since its inception was -26.79%, which is greater than JELM's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for AMZW and JELM.
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Drawdown Indicators
| AMZW | JELM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.79% | -0.69% | -26.10% |
Max Drawdown (1Y)Largest decline over 1 year | -26.79% | — | — |
Current DrawdownCurrent decline from peak | -4.54% | -0.35% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -0.21% | -9.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.78% | — | — |
Volatility
AMZW vs. JELM - Volatility Comparison
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Volatility by Period
| AMZW | JELM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 32.23% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.80% | 3.67% | +38.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.16% | 3.67% | +37.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.16% | 3.67% | +37.49% |
AMZW vs. JELM - Expense Ratio Comparison
AMZW has a 0.99% expense ratio, which is higher than JELM's 0.59% expense ratio.
Dividends
AMZW vs. JELM - Dividend Comparison
AMZW's dividend yield for the trailing twelve months is around 40.03%, more than JELM's 1.21% yield.
| Position | TTM | 2025 |
|---|---|---|
AMZW Roundhill AMZN WeeklyPay ETF | 40.03% | 25.29% |
JELM Janus Henderson Equity Linked Moderate Income ETF | 1.21% | 0.00% |
Frequently Asked Questions
AMZW and JELM have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JELM is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JELM is cheaper with a 0.59% expense ratio, compared with 0.99% for AMZW.
AMZW has the higher dividend yield at 40.03%, compared with 1.21% for JELM.
They also come from different issuers: Roundhill and Janus Henderson. Their fees differ too: 0.99% for AMZW and 0.59% for JELM.
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