FTKI vs. AMDW

Last updated Jul 16, 2026

FTKI (First Trust Small Cap BuyWrite Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. FTKI charges 0.85%/yr vs 0.99%/yr for AMDW.

Performance

FTKI vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Small Cap BuyWrite Income ETF (FTKI) 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, FTKI achieves a 13.33% return, which is significantly lower than AMDW's 181.24% return.

FTKI

• 1D: 0.04%
• 1M: 1.78%
• 6M: 11.92%
• YTD: 13.33%
• 1Y: 21.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: -3.92%
• 1M: -4.60%
• 6M: 168.13%
• YTD: 181.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTKI vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
FTKI First Trust Small Cap BuyWrite Income ETF	13.33%	6.19%
AMDW Roundhill AMD WeeklyPay ETF	181.24%	36.56%

Correlation

The correlation between FTKI and AMDW is 0.33, 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	0.33

FTKI vs. AMDW - Sectors Allocation Comparison

Sectors	FTKI	AMDW
Financial Services	18.6%	-
Consumer Cyclical	13.8%	-
Industrials	13.8%	-
Technology	13.8%	21.4%
Healthcare	13.1%	-
Energy	7.6%	-
Real Estate	7.6%	-
Basic Materials	4.8%	-
Communication Services	3.4%	-
Consumer Defensive	1.4%	-
Utilities	1.4%	-

Return for Risk

FTKI vs. AMDW — Risk / Return Rank

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

FTKI

FTKI Risk / Return Rank: 85
FTKI Sharpe Ratio Rank: 85
FTKI Sortino Ratio Rank: 86
FTKI Omega Ratio Rank: 85
FTKI Calmar Ratio Rank: 87
FTKI Martin Ratio Rank: 83

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.

FTKI vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap BuyWrite Income ETF (FTKI) 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.

	FTKI	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	2.19	—	—
Sortino ratio: Return per unit of downside risk	3.14	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.93	—	—
Martin ratio: Return relative to average drawdown	13.16	—	—

Drawdowns

FTKI vs. AMDW - Drawdown Comparison

The maximum FTKI drawdown since its inception was -15.17%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for FTKI and AMDW.

Drawdown Indicators

	FTKI	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-15.17%	-34.64%	+19.47%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	—	—
Current Drawdown Current decline from peak	-0.31%	-10.40%	+10.09%
Average Drawdown Average peak-to-trough decline	-2.42%	-13.84%	+11.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	—	—

Volatility

Volatility by Period

	FTKI	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.98%	83.47%	-73.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.88%	83.47%	-68.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.88%	83.47%	-68.59%

FTKI vs. AMDW - Expense Ratio Comparison

FTKI has a 0.85% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

FTKI vs. AMDW - Dividend Comparison

FTKI's dividend yield for the trailing twelve months is around 11.23%, less than AMDW's 42.69% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	42.69%	34.78%
FTKI First Trust Small Cap BuyWrite Income ETF	11.23%	8.99%

Frequently Asked Questions

Can I hold both FTKI and AMDW in my portfolio?

FTKI and AMDW have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTKI or AMDW?

On fees, FTKI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTKI or AMDW?

FTKI is cheaper with a 0.85% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 42.69%, compared with 11.23% for FTKI.

What is the main difference between FTKI and AMDW?

They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.85% for FTKI and 0.99% for AMDW.