CVNY vs. AMDW

Last updated Jul 18, 2026

CVNY (YieldMax CVNA Option Income Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

CVNY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax CVNA Option Income Strategy ETF (CVNY) 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, CVNY achieves a -14.74% return, which is significantly lower than AMDW's 159.55% return.

CVNY

• 1D: -2.28%
• 1M: 6.75%
• 6M: -18.15%
• YTD: -14.74%
• 1Y: 2.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: -1.52%
• 1M: -4.53%
• 6M: 137.24%
• YTD: 159.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVNY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
CVNY YieldMax CVNA Option Income Strategy ETF	-14.74%	21.99%
AMDW Roundhill AMD WeeklyPay ETF	159.55%	36.56%

Correlation

The correlation between CVNY and AMDW is 0.29, 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	0.29

Return for Risk

CVNY vs. AMDW — Risk / Return Rank

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

CVNY

CVNY Risk / Return Rank: 12
CVNY Sharpe Ratio Rank: 11
CVNY Sortino Ratio Rank: 13
CVNY Omega Ratio Rank: 13
CVNY Calmar Ratio Rank: 11
CVNY Martin Ratio Rank: 11

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.

CVNY vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax CVNA Option Income Strategy ETF (CVNY) 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.

	CVNY	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	0.05	—	—
Sortino ratio: Return per unit of downside risk	0.43	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.07	—	—
Martin ratio: Return relative to average drawdown	0.15	—	—

Drawdowns

CVNY vs. AMDW - Drawdown Comparison

The maximum CVNY drawdown since its inception was -43.27%, which is greater than AMDW's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for CVNY and AMDW.

Drawdown Indicators

	CVNY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-43.27%	-34.64%	-8.63%
Max Drawdown (1Y) Largest decline over 1 year	-36.27%	—	—
Current Drawdown Current decline from peak	-23.28%	-17.31%	-5.97%
Average Drawdown Average peak-to-trough decline	-14.33%	-13.86%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.00%	—	—

Volatility

Volatility by Period

	CVNY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	37.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.38%	83.46%	-33.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.41%	83.46%	-26.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.41%	83.46%	-26.05%

CVNY vs. AMDW - Expense Ratio Comparison

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

Dividends

CVNY vs. AMDW - Dividend Comparison

CVNY's dividend yield for the trailing twelve months is around 112.64%, more than AMDW's 46.25% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	46.25%	34.78%
CVNY YieldMax CVNA Option Income Strategy ETF	112.64%	80.86%

Frequently Asked Questions

Can I hold both CVNY and AMDW in my portfolio?

CVNY and AMDW have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CVNY 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, CVNY or AMDW?

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

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

CVNY has the higher dividend yield at 112.64%, compared with 46.25% for AMDW.

What is the main difference between CVNY and AMDW?

They also come from different issuers: YieldMax and Roundhill.