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AMZW vs. QYLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMZW vs. QYLD

Last updated Jun 4, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and QYLD (Global X NASDAQ 100 Covered Call ETF) are both exchange-traded funds - AMZW is a Derivative Income fund actively managed by Roundhill, while QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2. AMZW is actively managed, while QYLD is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. AMZW charges 0.99%/yr vs 0.60%/yr for QYLD.

Performance

AMZW vs. QYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMZN WeeklyPay ETF (AMZW) and Global X NASDAQ 100 Covered Call ETF (QYLD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with AMZW having a 7.52% return and QYLD slightly higher at 7.88%.

AMZW

1D
-3.13%
1M
-10.10%
YTD
7.52%
6M
6.32%
1Y
—
3Y*
—
5Y*
—
10Y*
—

QYLD

1D
-0.06%
1M
1.62%
YTD
7.88%
6M
9.97%
1Y
23.93%
3Y*
13.80%
5Y*
8.43%
10Y*
9.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZW vs. QYLD - Yearly Performance Comparison

2026 (YTD)2025
AMZW
Roundhill AMZN WeeklyPay ETF		7.52%7.33%
QYLD
Global X NASDAQ 100 Covered Call ETF		7.88%13.91%

Correlation

The correlation between AMZW and QYLD is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 20, 2025

0.55

AMZW vs. QYLD - Sectors Allocation Comparison

Sectors
AMZW
QYLD

Consumer Cyclical

24.9%
12.3%

Basic Materials

-

1.1%

Communication Services

-

15.8%

Consumer Defensive

-

7.7%

Energy

-

0.6%

Financial Services

-

0.2%

Healthcare

-

4.2%

Industrials

-

2.8%

Real Estate

-

0.1%

Technology

-

53.8%

Utilities

-

1.4%

Consumer Cyclical

AMZW
24.9%
QYLD
12.3%

Basic Materials

AMZW

-

QYLD
1.1%

Communication Services

AMZW

-

QYLD
15.8%

Consumer Defensive

AMZW

-

QYLD
7.7%

Energy

AMZW

-

QYLD
0.6%

Financial Services

AMZW

-

QYLD
0.2%

Healthcare

AMZW

-

QYLD
4.2%

Industrials

AMZW

-

QYLD
2.8%

Real Estate

AMZW

-

QYLD
0.1%

Technology

AMZW

-

QYLD
53.8%

Utilities

AMZW

-

QYLD
1.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill AMZN WeeklyPay ETF

Global X NASDAQ 100 Covered Call ETF

Often compared with AMZW:
AMZW vs. AMZYAMZW vs. AMZNAMZW vs. AMZPAMZW vs. NVYYAMZW vs. BRKWAMZW vs. AVGWAMZW vs. YMAX
Often compared with QYLD:
QYLD vs. JEPQQYLD vs. JEPIQYLD vs. QQQQYLD vs. XYLDQYLD vs. RYLDQYLD vs. SCHDQYLD vs. QYLG

Return for Risk

AMZW vs. QYLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMZW
QYLD
QYLD Risk / Return Rank: 8888
Overall Rank
QYLD Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QYLD Sortino Ratio Rank: 8585
Sortino Ratio Rank
QYLD Omega Ratio Rank: 9292
Omega Ratio Rank
QYLD Calmar Ratio Rank: 8686
Calmar Ratio Rank
QYLD Martin Ratio Rank: 9494
Martin Ratio Rank
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. QYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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.

AMZW vs. QYLD - Sharpe Ratio Comparison

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Sharpe Ratios by Period

AMZWQYLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.80

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.58

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.63

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.59

-0.15

Drawdowns

AMZW vs. QYLD - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for AMZW and QYLD.

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Drawdown Indicators

AMZWQYLDDifference

Max Drawdown

Largest peak-to-trough decline

-26.79%

-24.75%

-2.04%

Max Drawdown (1Y)

Largest decline over 1 year

—

-4.97%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-19.06%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.61%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.75%

—

Current Drawdown

Current decline from peak

-11.45%

-0.06%

-11.39%

Average Drawdown

Average peak-to-trough decline

-8.89%

-3.84%

-5.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.85%

—

Volatility

AMZW vs. QYLD - Volatility Comparison

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Volatility by Period

AMZWQYLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

1.85%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

7.12%

—

Volatility (1Y)

Calculated over the trailing 1-year period

36.99%

8.58%

+28.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.99%

14.70%

+22.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.99%

15.49%

+21.50%

AMZW vs. QYLD - Expense Ratio Comparison

AMZW has a 0.99% expense ratio, which is higher than QYLD's 0.60% expense ratio.

Dividends

AMZW vs. QYLD - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 43.04%, more than QYLD's 11.46% yield.

PositionTTM20252024202320222021202020192018201720162015
AMZW
Roundhill AMZN WeeklyPay ETF		43.04%25.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QYLD
Global X NASDAQ 100 Covered Call ETF		11.46%11.55%12.50%11.78%13.75%12.85%11.16%9.84%12.44%7.69%9.15%9.42%

Frequently Asked Questions

AMZW and QYLD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for AMZW.

AMZW has the higher dividend yield at 43.04%, compared with 11.46% for QYLD.

AMZW is categorized as Derivative Income, while QYLD is Nasdaq-100. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.99% for AMZW and 0.60% for QYLD.

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