AMZW vs. QDTE

Last updated Jun 25, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, AMZW returned 6.63% vs 31.05% for QDTE. A 0.61 correlation means they provide meaningful diversification when combined. AMZW charges 0.99%/yr vs 0.97%/yr for QDTE.

Performance

AMZW vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMZN WeeklyPay ETF (AMZW) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZW achieves a -0.73% return, which is significantly lower than QDTE's 12.21% return.

AMZW

• 1D: -0.20%
• 1M: -14.89%
• YTD: -0.73%
• 6M: -1.71%
• 1Y: 6.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.36%
• 1M: -0.53%
• YTD: 12.21%
• 6M: 10.80%
• 1Y: 31.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZW vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	-0.73%	7.33%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.21%	19.25%

Correlation

The correlation between AMZW and QDTE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.61

The correlation between AMZW and QDTE has been stable across timeframes, ranging from 0.61 to 0.61 - a consistent structural relationship.

AMZW vs. QDTE - Sectors Allocation Comparison

Sectors	AMZW	QDTE
Consumer Cyclical	24.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	5.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AMZW vs. QDTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZW

AMZW Risk / Return Rank: 12
AMZW Sharpe Ratio Rank: 11
AMZW Sortino Ratio Rank: 12
AMZW Omega Ratio Rank: 12
AMZW Calmar Ratio Rank: 12
AMZW Martin Ratio Rank: 11

QDTE

QDTE Risk / Return Rank: 64
QDTE Sharpe Ratio Rank: 63
QDTE Sortino Ratio Rank: 56
QDTE Omega Ratio Rank: 62
QDTE Calmar Ratio Rank: 68
QDTE Martin Ratio Rank: 71

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.

AMZW vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.18	1.88	-1.70
Sortino ratio: Return per unit of downside risk	0.52	2.41	-1.90
Omega ratio: Gain probability vs. loss probability	1.06	1.34	-0.27
Calmar ratio: Return relative to maximum drawdown	0.25	3.06	-2.81
Martin ratio: Return relative to average drawdown	0.56	11.78	-11.22

AMZW vs. QDTE - Sharpe Ratio Comparison

The current AMZW Sharpe Ratio is 0.18, which is lower than the QDTE Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of AMZW and QDTE, 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. QDTE - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for AMZW and QDTE.

Drawdown Indicators

	AMZW	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-22.86%	-3.93%
Max Drawdown (1Y) Largest decline over 1 year	-26.79%	-10.20%	-16.59%
Current Drawdown Current decline from peak	-18.25%	-3.90%	-14.35%
Average Drawdown Average peak-to-trough decline	-9.19%	-3.13%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.87%	2.64%	+9.23%

Volatility

AMZW vs. QDTE - Volatility Comparison

Roundhill AMZN WeeklyPay ETF (AMZW) has a higher volatility of 12.09% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 8.57%. This indicates that AMZW's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZW	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.09%	8.57%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	26.19%	13.27%	+12.92%
Volatility (1Y) Calculated over the trailing 1-year period	37.44%	16.66%	+20.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.27%	18.97%	+18.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.27%	18.97%	+18.30%

AMZW vs. QDTE - Expense Ratio Comparison

AMZW has a 0.99% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

AMZW vs. QDTE - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 49.16%, more than QDTE's 44.39% yield.

Position	TTM	2025	2024
AMZW Roundhill AMZN WeeklyPay ETF	49.16%	25.29%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.39%	49.49%	32.09%

Frequently Asked Questions

Can I hold both AMZW and QDTE in my portfolio?

AMZW and QDTE have a correlation of 0.61, 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 QDTE?

AMZW has higher volatility (12.09%) compared to QDTE (8.57%). In terms of maximum drawdown, AMZW dropped -26.79% vs QDTE's -22.86%.

Which ETF is better, AMZW or QDTE?

On 1-year performance, QDTE leads with 31.05% vs 6.63% for AMZW. On fees, QDTE is cheaper at 0.97% per year. On volatility, QDTE has been the lower-risk option at 8.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZW or QDTE?

Over the 1-year period, QDTE has performed better with a 31.05% return vs 6.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZW or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for AMZW.

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

AMZW has the higher dividend yield at 49.16%, compared with 44.39% for QDTE.

What is the main difference between AMZW and QDTE?

Their fees differ too: 0.99% for AMZW and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.88 vs 0.18), 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.