BITK vs. AMDW

Last updated Jun 23, 2026

BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

BITK vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) 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, BITK achieves a -29.86% return, which is significantly lower than AMDW's 197.43% return.

BITK

• 1D: 2.34%
• 1M: -15.53%
• YTD: -29.86%
• 6M: -30.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: 3.42%
• 1M: 21.31%
• YTD: 197.43%
• 6M: 195.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITK vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	-29.86%	-27.15%
AMDW Roundhill AMD WeeklyPay ETF	197.43%	36.64%

Correlation

The correlation between BITK and AMDW is 0.45, 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 Sep 24, 2025	0.45

Return for Risk

BITK vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) 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.

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

Drawdowns

BITK vs. AMDW - Drawdown Comparison

The maximum BITK drawdown since its inception was -56.28%, which is greater than AMDW's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for BITK and AMDW.

Drawdown Indicators

	BITK	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-34.64%	-21.64%
Current Drawdown Current decline from peak	-53.41%	0.00%	-53.41%
Average Drawdown Average peak-to-trough decline	-35.91%	-14.28%	-21.63%

Volatility

Volatility by Period

	BITK	AMDW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	49.33%	83.18%	-33.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.33%	83.18%	-33.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.33%	83.18%	-33.85%

BITK vs. AMDW - Expense Ratio Comparison

Both BITK and AMDW have an expense ratio of 0.99%.

Dividends

BITK vs. AMDW - Dividend Comparison

BITK's dividend yield for the trailing twelve months is around 47.31%, more than AMDW's 34.46% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	34.46%	34.78%
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	47.31%	23.15%

Frequently Asked Questions

Can I hold both BITK and AMDW in my portfolio?

BITK and AMDW have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BITK or AMDW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BITK or AMDW?

BITK and AMDW have the same expense ratio: 0.99% per year.

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

BITK has the higher dividend yield at 47.31%, compared with 34.46% for AMDW.

What is the main difference between BITK and AMDW?

They also come from different issuers: Tuttle Capital Management and Roundhill.