FYEE vs. AMDW

Last updated Aug 5, 2026

FYEE (Fidelity Yield Enhanced Equity ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, FYEE returned 22.92% vs 234.24% for AMDW. Their 0.50 correlation means they have sometimes moved together and sometimes differently. FYEE charges 0.28%/yr vs 0.99%/yr for AMDW.

Performance

FYEE vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Yield Enhanced Equity ETF (FYEE) 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, FYEE achieves a 10.63% return, which is significantly lower than AMDW's 175.61% return.

FYEE

• 1D: 0.52%
• 1M: 4.18%
• 6M: 9.07%
• YTD: 10.63%
• 1Y: 22.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.62%

AMDW

• 1D: 9.85%
• 1M: 0.38%
• 6M: 139.25%
• YTD: 175.61%
• 1Y: 234.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 262.37%

*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	$10.30M	$9.38M	$8.59M
FYEE Fidelity Yield Enhanced Equity ETF	$2.01M	$2.04M	$2.27M

FYEE vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
FYEE Fidelity Yield Enhanced Equity ETF	10.63%	11.29%
AMDW Roundhill AMD WeeklyPay ETF	175.61%	36.56%

Correlation

The correlation between FYEE and AMDW is 0.50, 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.	0.50
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.50

The correlation between FYEE and AMDW has been stable across timeframes, ranging from 0.50 to 0.50 - a consistent structural relationship.

Return for Risk

FYEE vs. AMDW — Risk / Return Rank

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

FYEE

FYEE Risk / Return Rank: 84
FYEE Sharpe Ratio Rank: 85
FYEE Sortino Ratio Rank: 81
FYEE Omega Ratio Rank: 88
FYEE Calmar Ratio Rank: 78
FYEE Martin Ratio Rank: 89

AMDW

AMDW Risk / Return Rank: 89
AMDW Sharpe Ratio Rank: 94
AMDW Sortino Ratio Rank: 86
AMDW Omega Ratio Rank: 83
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 85

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.

FYEE vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Yield Enhanced Equity ETF (FYEE) 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.

	FYEE	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.74	-0.56
Sortino ratio: Return per unit of downside risk	2.93	3.15	-0.22
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	3.12	6.81	-3.69
Martin ratio: Return relative to average drawdown	14.89	13.34	+1.55

FYEE vs. AMDW - Sharpe Ratio Comparison

The current FYEE Sharpe Ratio is 2.18, which is comparable to the AMDW Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of FYEE 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

FYEE vs. AMDW - Drawdown Comparison

The maximum FYEE drawdown since its inception was -18.79%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for FYEE and AMDW.

Drawdown Indicators

	FYEE	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-18.79%	-34.64%	+15.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.39%	-34.64%	+27.25%
Current Drawdown Current decline from peak	0.00%	-12.20%	+12.20%
Average Drawdown Average peak-to-trough decline	-2.16%	-13.98%	+11.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	17.65%	-16.11%

Volatility

FYEE vs. AMDW - Volatility Comparison

The current volatility for Fidelity Yield Enhanced Equity ETF (FYEE) is 3.15%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 29.22%. This indicates that FYEE 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

	FYEE	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	29.22%	-26.07%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	67.41%	-59.00%
Volatility (1Y) Calculated over the trailing 1-year period	10.64%	86.09%	-75.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	85.21%	-71.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.77%	85.21%	-71.44%

FYEE vs. AMDW - Expense Ratio Comparison

FYEE has a 0.28% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

FYEE vs. AMDW - Dividend Comparison

FYEE's dividend yield for the trailing twelve months is around 8.21%, less than AMDW's 49.89% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	49.89%	34.78%	0.00%
FYEE Fidelity Yield Enhanced Equity ETF	8.21%	7.08%	5.45%

Frequently Asked Questions

Can I hold both FYEE and AMDW in my portfolio?

FYEE and AMDW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FYEE or AMDW?

AMDW has higher volatility (29.22%) compared to FYEE (3.15%). In terms of maximum drawdown, FYEE dropped -18.79% vs AMDW's -34.64%.

Which ETF is better, FYEE or AMDW?

On 1-year performance, AMDW leads with 234.24% vs 22.92% for FYEE. On fees, FYEE is cheaper at 0.28% per year. On volatility, FYEE has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FYEE or AMDW?

Over the 1-year period, AMDW has performed better with a 234.24% return vs 22.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FYEE or AMDW?

FYEE is cheaper with a 0.28% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 49.89%, compared with 8.21% for FYEE.

What is the main difference between FYEE and AMDW?

They also come from different issuers: Fidelity and Roundhill. Their fees differ too: 0.28% for FYEE and 0.99% for AMDW.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.74 vs 2.18), 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.