AMZW vs. YMAX

Last updated Aug 2, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and YMAX (YieldMax Universe Fund of Option Income ETFs) are both Derivative Income funds. Both are actively managed. Over the past year, AMZW returned 25.64% vs -4.08% for YMAX. Their 0.49 correlation means their historical movements had little consistent relationship. AMZW charges 0.99%/yr vs 1.33%/yr for YMAX.

Performance

AMZW vs. YMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMZN WeeklyPay ETF (AMZW) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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 YMAX's -1.07% return.

AMZW

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

YMAX

• 1D: 0.27%
• 1M: -3.63%
• 6M: 2.22%
• YTD: -1.07%
• 1Y: -4.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.95%

*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
YMAX YieldMax Universe Fund of Option Income ETFs	$9.76M	$11.55M	$14.55M

AMZW vs. YMAX - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	18.02%	7.33%
YMAX YieldMax Universe Fund of Option Income ETFs	-1.07%	2.19%

Correlation

The correlation between AMZW and YMAX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.49

The correlation between AMZW and YMAX has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.

AMZW vs. YMAX - Sectors Allocation Comparison

Sectors	AMZW	YMAX
Consumer Cyclical	20.0%	7.6%
Basic Materials	-	1.8%
Communication Services	-	7.2%
Consumer Defensive	-	3.0%
Energy	-	1.3%
Financial Services	-	5.5%
Healthcare	-	5.1%
Industrials	-	5.4%
Real Estate	-	1.6%
Technology	-	61.0%
Utilities	-	0.6%

Return for Risk

AMZW vs. YMAX — 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

YMAX

YMAX Risk / Return Rank: 7
YMAX Sharpe Ratio Rank: 7
YMAX Sortino Ratio Rank: 7
YMAX Omega Ratio Rank: 7
YMAX Calmar Ratio Rank: 7
YMAX Martin Ratio Rank: 7

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. YMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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	YMAX	Difference
Sharpe ratio: Return per unit of total volatility	0.32	-0.29	+0.61
Sortino ratio: Return per unit of downside risk	0.80	-0.24	+1.05
Omega ratio: Gain probability vs. loss probability	1.10	0.97	+0.13
Calmar ratio: Return relative to maximum drawdown	0.51	-0.27	+0.78
Martin ratio: Return relative to average drawdown	1.06	-0.60	+1.66

AMZW vs. YMAX - Sharpe Ratio Comparison

The current AMZW Sharpe Ratio is 0.32, which is higher than the YMAX Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of AMZW and YMAX, 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. YMAX - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, roughly equal to the maximum YMAX drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for AMZW and YMAX.

Drawdown Indicators

	AMZW	YMAX	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-26.13%	-0.66%
Max Drawdown (1Y) Largest decline over 1 year	-26.79%	-26.13%	-0.66%
Current Drawdown Current decline from peak	-2.81%	-12.29%	+9.48%
Average Drawdown Average peak-to-trough decline	-9.73%	-6.57%	-3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.88%	11.72%	+1.16%

Volatility

AMZW vs. YMAX - Volatility Comparison

Roundhill AMZN WeeklyPay ETF (AMZW) has a higher volatility of 19.61% compared to YieldMax Universe Fund of Option Income ETFs (YMAX) at 6.33%. This indicates that AMZW's price experiences larger fluctuations and is considered to be riskier than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZW	YMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.61%	6.33%	+13.28%
Volatility (6M) Calculated over the trailing 6-month period	31.80%	20.28%	+11.52%
Volatility (1Y) Calculated over the trailing 1-year period	42.59%	24.24%	+18.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.99%	23.50%	+17.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.99%	23.50%	+17.49%

AMZW vs. YMAX - Expense Ratio Comparison

AMZW has a 0.99% expense ratio, which is lower than YMAX's 1.33% expense ratio.

Dividends

AMZW vs. YMAX - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 40.59%, less than YMAX's 73.00% yield.

Position	TTM	2025	2024
AMZW Roundhill AMZN WeeklyPay ETF	40.59%	25.29%	0.00%
YMAX YieldMax Universe Fund of Option Income ETFs	73.00%	78.70%	44.20%

Frequently Asked Questions

Can I hold both AMZW and YMAX in my portfolio?

AMZW and YMAX have a correlation of 0.53, 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 YMAX?

AMZW has higher volatility (19.61%) compared to YMAX (6.33%). In terms of maximum drawdown, AMZW dropped -26.79% vs YMAX's -26.13%.

Which ETF is better, AMZW or YMAX?

On 1-year performance, AMZW leads with 25.64% vs -4.08% for YMAX. On fees, AMZW is cheaper at 0.99% per year. On volatility, YMAX has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZW or YMAX?

Over the 1-year period, AMZW has performed better with a 25.64% return vs -4.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZW or YMAX?

AMZW is cheaper with a 0.99% expense ratio, compared with 1.33% for YMAX.

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

YMAX has the higher dividend yield at 73.00%, compared with 40.59% for AMZW.

What is the main difference between AMZW and YMAX?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for AMZW and 1.33% for YMAX.

Which has better risk-adjusted returns?

AMZW currently has the higher Sharpe Ratio (0.32 vs -0.29), 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.