GIAX vs. AMDW

Last updated Jun 4, 2026

GIAX (Nicholas Global Equity and Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. GIAX charges 0.97%/yr vs 0.99%/yr for AMDW.

Performance

GIAX vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Global Equity and Income ETF (GIAX) 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, GIAX achieves a 22.12% return, which is significantly lower than AMDW's 192.40% return.

GIAX

• 1D: -2.89%
• 1M: 12.88%
• YTD: 22.12%
• 6M: 19.89%
• 1Y: 31.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: 4.91%
• 1M: 72.80%
• YTD: 192.40%
• 6M: 186.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GIAX vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
GIAX Nicholas Global Equity and Income ETF	22.12%	2.58%
AMDW Roundhill AMD WeeklyPay ETF	192.40%	34.24%

Correlation

The correlation between GIAX and AMDW is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.56

GIAX vs. AMDW - Sectors Allocation Comparison

Sectors	GIAX	AMDW
Technology	36.5%	28.6%
Communication Services	14.8%	-
Financial Services	14.0%	-
Consumer Cyclical	11.8%	-
Industrials	5.8%	-
Basic Materials	4.4%	-
Utilities	4.0%	-
Healthcare	3.1%	-
Real Estate	2.9%	-
Consumer Defensive	1.4%	-
Energy	1.3%	-

Return for Risk

GIAX vs. AMDW — Risk / Return Rank

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

GIAX

GIAX Risk / Return Rank: 41
GIAX Sharpe Ratio Rank: 41
GIAX Sortino Ratio Rank: 39
GIAX Omega Ratio Rank: 41
GIAX Calmar Ratio Rank: 36
GIAX Martin Ratio Rank: 47

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.

GIAX vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Global Equity and Income ETF (GIAX) 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.

	GIAX	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	1.47	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	7.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GIAX	AMDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	4.83	-3.86

Drawdowns

GIAX vs. AMDW - Drawdown Comparison

The maximum GIAX drawdown since its inception was -20.38%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for GIAX and AMDW.

Drawdown Indicators

	GIAX	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-20.38%	-34.64%	+14.26%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	—	—
Current Drawdown Current decline from peak	-2.89%	0.00%	-2.89%
Average Drawdown Average peak-to-trough decline	-2.99%	-14.66%	+11.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	—	—

Volatility

Volatility by Period

	GIAX	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.77%	81.56%	-59.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.46%	81.56%	-60.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.46%	81.56%	-60.10%

GIAX vs. AMDW - Expense Ratio Comparison

GIAX has a 0.97% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

GIAX vs. AMDW - Dividend Comparison

GIAX's dividend yield for the trailing twelve months is around 22.33%, less than AMDW's 28.98% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%	0.00%
GIAX Nicholas Global Equity and Income ETF	22.33%	25.62%	10.58%

Frequently Asked Questions

Can I hold both GIAX and AMDW in my portfolio?

GIAX and AMDW have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GIAX or AMDW?

On fees, GIAX is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GIAX or AMDW?

GIAX is cheaper with a 0.97% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 28.98%, compared with 22.33% for GIAX.

What is the main difference between GIAX and AMDW?

They also come from different issuers: Nicholas and Roundhill. Their fees differ too: 0.97% for GIAX and 0.99% for AMDW.