GMEY vs. AMDW

Last updated Jun 6, 2026

GMEY (YieldMax GME Option Income Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GMEY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GME Option Income Strategy ETF (GMEY) 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, GMEY achieves a 1.59% return, which is significantly lower than AMDW's 144.27% return.

GMEY

• 1D: -1.50%
• 1M: -11.34%
• YTD: 1.59%
• 6M: -9.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: -13.25%
• 1M: 12.03%
• YTD: 144.27%
• 6M: 137.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
GMEY YieldMax GME Option Income Strategy ETF	1.59%	-16.17%
AMDW Roundhill AMD WeeklyPay ETF	144.27%	41.66%

Correlation

The correlation between GMEY and AMDW is 0.27, 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 Sep 10, 2025	0.27

Return for Risk

GMEY vs. AMDW - Risk-Adjusted Trends Comparison

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GMEY	AMDW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	3.57	-4.25

Drawdowns

GMEY vs. AMDW - Drawdown Comparison

The maximum GMEY drawdown since its inception was -25.67%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for GMEY and AMDW.

Drawdown Indicators

	GMEY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-34.64%	+8.97%
Current Drawdown Current decline from peak	-23.34%	-16.46%	-6.88%
Average Drawdown Average peak-to-trough decline	-16.60%	-14.61%	-1.99%

Volatility

Volatility by Period

	GMEY	AMDW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.07%	82.70%	-53.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.07%	82.70%	-53.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	82.70%	-53.63%

GMEY vs. AMDW - Expense Ratio Comparison

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

Dividends

GMEY vs. AMDW - Dividend Comparison

GMEY's dividend yield for the trailing twelve months is around 52.28%, more than AMDW's 34.70% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	34.70%	34.78%
GMEY YieldMax GME Option Income Strategy ETF	52.28%	21.84%

Frequently Asked Questions

Can I hold both GMEY and AMDW in my portfolio?

GMEY and AMDW have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEY 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, GMEY or AMDW?

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

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

GMEY has the higher dividend yield at 52.28%, compared with 34.70% for AMDW.

What is the main difference between GMEY and AMDW?

They also come from different issuers: YieldMax and Roundhill.