AMZZ vs. AMZW

Last updated Jun 4, 2026

AMZZ (GraniteShares 2x Long AMZN Daily ETF) and AMZW (Roundhill AMZN WeeklyPay ETF) are both exchange-traded funds - AMZZ is a Leveraged Equities fund actively managed by GraniteShares, while AMZW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. With a 0.99 correlation, they move nearly in lockstep. AMZZ charges 1.15%/yr vs 0.99%/yr for AMZW.

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.

Returns By Period

In the year-to-date period, AMZZ achieves a 9.44% return, which is significantly higher than AMZW's 7.52% return.

AMZZ

• 1D: -5.02%
• 1M: -16.12%
• YTD: 9.44%
• 6M: 7.26%
• 1Y: 25.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZW

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

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

AMZZ vs. AMZW - Yearly Performance Comparison

	2026 (YTD)	2025
AMZZ GraniteShares 2x Long AMZN Daily ETF	9.44%	7.88%
AMZW Roundhill AMZN WeeklyPay ETF	7.52%	7.33%

Correlation

The correlation between AMZZ and AMZW is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.99

AMZZ vs. AMZW - Sectors Allocation Comparison

Sectors	AMZZ	AMZW
Consumer Cyclical	66.7%	24.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

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: 17
AMZZ Sharpe Ratio Rank: 15
AMZZ Sortino Ratio Rank: 19
AMZZ Omega Ratio Rank: 19
AMZZ Calmar Ratio Rank: 16
AMZZ Martin Ratio Rank: 15

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	0.43	—	—
Sortino ratio: Return per unit of downside risk	0.99	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.61	—	—
Martin ratio: Return relative to average drawdown	1.37	—	—
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	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.44	-0.19

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	-18.02%	-11.45%	-6.57%
Average Drawdown Average peak-to-trough decline	-20.21%	-8.89%	-11.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.49%	—	—

Volatility

Volatility by Period

	AMZZ	AMZW	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	59.66%	36.99%	+22.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.82%	36.99%	+25.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.82%	36.99%	+25.83%

AMZZ vs. AMZW - Expense Ratio Comparison

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

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 43.04%.

Position	TTM	2025
AMZW Roundhill AMZN WeeklyPay ETF	43.04%	25.29%
AMZZ GraniteShares 2x Long AMZN Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZZ and AMZW in my portfolio?

With a correlation of 0.99, AMZZ and AMZW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, AMZZ or AMZW?

On fees, AMZW 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, AMZZ or AMZW?

AMZW is cheaper with a 0.99% expense ratio, compared with 1.15% for AMZZ.

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

AMZW has the higher dividend yield at 43.04%, compared with 0.00% for AMZZ.

What is the main difference between AMZZ and AMZW?

AMZZ is categorized as Leveraged Equities, while AMZW is Derivative Income. They also come from different issuers: GraniteShares and Roundhill. Their fees differ too: 1.15% for AMZZ and 0.99% for AMZW.