CHPY vs. AMDW

Last updated Aug 4, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, CHPY returned 95.00% vs 214.50% for AMDW. Their 0.76 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.99% expense ratio.

Performance

CHPY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) 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, CHPY achieves a 56.70% return, which is significantly lower than AMDW's 150.89% return.

CHPY

• 1D: 0.77%
• 1M: -10.41%
• 6M: 38.53%
• YTD: 56.70%
• 1Y: 95.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 96.22%

AMDW

• 1D: 1.68%
• 1M: -8.62%
• 6M: 113.70%
• YTD: 150.89%
• 1Y: 214.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 231.82%

*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)
AMDW Roundhill AMD WeeklyPay ETF	$10.29M	$9.36M	$8.60M
CHPY YieldMax Semiconductor Portfolio Option Income ETF	$51.63M	$53.85M	$60.48M

CHPY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	56.70%	22.74%
AMDW Roundhill AMD WeeklyPay ETF	150.89%	36.56%

Correlation

The correlation between CHPY and AMDW is 0.76, 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.	0.76
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.76

The correlation between CHPY and AMDW has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.

Return for Risk

CHPY vs. AMDW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CHPY

CHPY Risk / Return Rank: 89
CHPY Sharpe Ratio Rank: 93
CHPY Sortino Ratio Rank: 86
CHPY Omega Ratio Rank: 88
CHPY Calmar Ratio Rank: 86
CHPY Martin Ratio Rank: 92

AMDW

AMDW Risk / Return Rank: 89
AMDW Sharpe Ratio Rank: 93
AMDW Sortino Ratio Rank: 87
AMDW Omega Ratio Rank: 83
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 84

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.

CHPY vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) 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.

	CHPY	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.52	-0.02
Sortino ratio: Return per unit of downside risk	2.89	3.02	-0.13
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	3.46	6.23	-2.78
Martin ratio: Return relative to average drawdown	15.85	12.22	+3.63

CHPY vs. AMDW - Sharpe Ratio Comparison

The current CHPY Sharpe Ratio is 2.50, which is comparable to the AMDW Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of CHPY and AMDW, 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

CHPY vs. AMDW - Drawdown Comparison

The maximum CHPY drawdown since its inception was -27.64%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for CHPY and AMDW.

Drawdown Indicators

	CHPY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-27.64%	-34.64%	+7.00%
Max Drawdown (1Y) Largest decline over 1 year	-27.64%	-34.64%	+7.00%
Current Drawdown Current decline from peak	-20.20%	-20.07%	-0.13%
Average Drawdown Average peak-to-trough decline	-3.08%	-13.99%	+10.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.01%	17.63%	-11.62%

Volatility

CHPY vs. AMDW - Volatility Comparison

The current volatility for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) is 17.01%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 28.57%. This indicates that CHPY experiences smaller price fluctuations and is considered to be less risky than AMDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHPY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.01%	28.57%	-11.56%
Volatility (6M) Calculated over the trailing 6-month period	33.89%	66.95%	-33.06%
Volatility (1Y) Calculated over the trailing 1-year period	38.24%	85.77%	-47.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.09%	84.89%	-45.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.09%	84.89%	-45.80%

CHPY vs. AMDW - Expense Ratio Comparison

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

Dividends

CHPY vs. AMDW - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 38.40%, less than AMDW's 55.51% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	55.51%	34.78%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	38.40%	28.19%

Frequently Asked Questions

Can I hold both CHPY and AMDW in my portfolio?

CHPY and AMDW have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHPY or AMDW?

AMDW has higher volatility (28.57%) compared to CHPY (17.01%). In terms of maximum drawdown, CHPY dropped -27.64% vs AMDW's -34.64%.

Which ETF is better, CHPY or AMDW?

On 1-year performance, AMDW leads with 214.50% vs 95.00% for CHPY. Both ETFs have the same 0.99% expense ratio. On volatility, CHPY has been the lower-risk option at 17.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHPY or AMDW?

Over the 1-year period, AMDW has performed better with a 214.50% return vs 95.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPY or AMDW?

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

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

AMDW has the higher dividend yield at 55.51%, compared with 38.40% for CHPY.

What is the main difference between CHPY and AMDW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.52 vs 2.50), 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.