AMZY vs. AMDW

Last updated Jun 24, 2026

AMZY (YieldMax AMZN Option Income Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. AMZY charges 1.09%/yr vs 0.99%/yr for AMDW.

Performance

AMZY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMZN Option Income Strategy ETF (AMZY) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZY achieves a -1.83% return, which is significantly lower than AMDW's 176.01% return.

AMZY

• 1D: 0.57%
• 1M: -10.29%
• YTD: -1.83%
• 6M: -1.84%
• 1Y: 6.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: -7.20%
• 1M: 12.58%
• YTD: 176.01%
• 6M: 174.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
AMZY YieldMax AMZN Option Income Strategy ETF	-1.83%	0.53%
AMDW Roundhill AMD WeeklyPay ETF	176.01%	36.56%

Correlation

The correlation between AMZY and AMDW is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.34

Return for Risk

AMZY vs. AMDW — Risk / Return Rank

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

AMZY

AMZY Risk / Return Rank: 12
AMZY Sharpe Ratio Rank: 12
AMZY Sortino Ratio Rank: 12
AMZY Omega Ratio Rank: 13
AMZY Calmar Ratio Rank: 12
AMZY Martin Ratio Rank: 12

AMDW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AMZY vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) and Roundhill AMD WeeklyPay ETF (AMDW). 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.

	AMZY	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	0.28	—	—
Sortino ratio: Return per unit of downside risk	0.54	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.35	—	—
Martin ratio: Return relative to average drawdown	0.83	—	—

Drawdowns

AMZY vs. AMDW - Drawdown Comparison

The maximum AMZY drawdown since its inception was -23.70%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for AMZY and AMDW.

Drawdown Indicators

	AMZY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-34.64%	+10.94%
Max Drawdown (1Y) Largest decline over 1 year	-19.61%	—	—
Current Drawdown Current decline from peak	-12.34%	-7.20%	-5.14%
Average Drawdown Average peak-to-trough decline	-5.40%	-14.25%	+8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.20%	—	—

Volatility

Volatility by Period

	AMZY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.24%	83.41%	-59.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.14%	83.41%	-58.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.14%	83.41%	-58.27%

AMZY vs. AMDW - Expense Ratio Comparison

AMZY has a 1.09% expense ratio, which is higher than AMDW's 0.99% expense ratio.

Dividends

AMZY vs. AMDW - Dividend Comparison

AMZY's dividend yield for the trailing twelve months is around 58.30%, more than AMDW's 37.14% yield.

Position	TTM	2025	2024	2023
AMDW Roundhill AMD WeeklyPay ETF	37.14%	34.78%	0.00%	0.00%
AMZY YieldMax AMZN Option Income Strategy ETF	58.30%	52.59%	47.91%	9.90%

Frequently Asked Questions

Can I hold both AMZY and AMDW in my portfolio?

AMZY and AMDW have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMZY or AMDW?

On fees, AMDW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMZY or AMDW?

AMDW is cheaper with a 0.99% expense ratio, compared with 1.09% for AMZY.

Which ETF pays a higher dividend yield, AMZY or AMDW?

AMZY has the higher dividend yield at 58.30%, compared with 37.14% for AMDW.

What is the main difference between AMZY and AMDW?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.09% for AMZY and 0.99% for AMDW.