AMZZ vs. AMZW

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Roundhill AMZN WeeklyPay ETF (AMZW).

AMZZ and AMZW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. AMZW is an actively managed fund by Roundhill. It was launched on Jun 18, 2025.

Performance

AMZZ vs. AMZW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Roundhill AMZN WeeklyPay ETF (AMZW). The values are adjusted to include any dividend payments, if applicable.

AMZZ vs. AMZW - Yearly Performance Comparison

	2026 (YTD)	2025
AMZZ GraniteShares 2x Long AMZN Daily ETF	-22.23%	7.88%
AMZW Roundhill AMZN WeeklyPay ETF	-12.52%	7.33%

Returns By Period

In the year-to-date period, AMZZ achieves a -22.23% return, which is significantly lower than AMZW's -12.52% return.

AMZZ

• 1D: 7.15%
• 1M: -1.64%
• YTD: -22.23%
• 6M: -18.42%
• 1Y: -3.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZW

• 1D: 4.56%
• 1M: -1.29%
• YTD: -12.52%
• 6M: -8.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZZ vs. AMZW - Expense Ratio Comparison

AMZZ has a 1.15% expense ratio, which is higher than AMZW's 0.99% expense ratio.

AMZZ

GraniteShares 2x Long AMZN Daily ETF

AMZW

Roundhill AMZN WeeklyPay ETF

Return for Risk

AMZZ vs. AMZW — Risk / Return Rank

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

AMZZ

AMZZ Risk / Return Rank: 14
AMZZ Sharpe Ratio Rank: 12
AMZZ Sortino Ratio Rank: 19
AMZZ Omega Ratio Rank: 19
AMZZ Calmar Ratio Rank: 11
AMZZ Martin Ratio Rank: 10

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.

AMZZ vs. AMZW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Roundhill AMZN WeeklyPay ETF (AMZW). 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.

	AMZZ	AMZW	Difference
Sharpe ratio Return per unit of total volatility	-0.03	—	—
Sortino ratio Return per unit of downside risk	0.47	—	—
Omega ratio Gain probability vs. loss probability	1.06	—	—
Calmar ratio Return relative to maximum drawdown	-0.10	—	—
Martin ratio Return relative to average drawdown	-0.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMZZ	AMZW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	-0.21	+0.19

Correlation

The correlation between AMZZ and AMZW is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AMZZ vs. AMZW - Dividend Comparison

AMZZ has not paid dividends to shareholders, while AMZW's dividend yield for the trailing twelve months is around 41.30%.

	TTM	2025
AMZZ GraniteShares 2x Long AMZN Daily ETF	0.00%	0.00%
AMZW Roundhill AMZN WeeklyPay ETF	41.30%	25.29%

Drawdowns

AMZZ vs. AMZW - Drawdown Comparison

The maximum AMZZ drawdown since its inception was -55.28%, which is greater than AMZW's maximum drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for AMZZ and AMZW.

Drawdown Indicators

	AMZZ	AMZW	Difference
Max Drawdown Largest peak-to-trough decline	-55.28%	-26.79%	-28.49%
Max Drawdown (1Y) Largest decline over 1 year	-41.97%	—	—
Current Drawdown Current decline from peak	-41.16%	-22.69%	-18.47%
Average Drawdown Average peak-to-trough decline	-20.86%	-9.61%	-11.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.47%	—	—

Volatility

Volatility by Period

	AMZZ	AMZW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	44.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.49%	37.58%	+31.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.25%	37.58%	+25.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.25%	37.58%	+25.67%