HIGH vs. AMDW

Last updated Jun 4, 2026

HIGH (Simplify Enhanced Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. HIGH charges 0.51%/yr vs 0.99%/yr for AMDW.

Performance

HIGH vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Enhanced Income ETF (HIGH) 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, HIGH achieves a -0.38% return, which is significantly lower than AMDW's 192.40% return.

HIGH

• 1D: -0.32%
• 1M: 1.63%
• YTD: -0.38%
• 6M: -1.48%
• 1Y: -3.46%
• 3Y*: 3.02%
• 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)

HIGH vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
HIGH Simplify Enhanced Income ETF	-0.38%	-2.33%
AMDW Roundhill AMD WeeklyPay ETF	192.40%	34.24%

Correlation

The correlation between HIGH and AMDW is 0.42, 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 25, 2025	0.42

HIGH vs. AMDW - Sectors Allocation Comparison

Sectors	HIGH	AMDW
Financial Services	71.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	28.6%
Utilities	-	-

Return for Risk

HIGH vs. AMDW — Risk / Return Rank

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

HIGH

HIGH Risk / Return Rank: 5
HIGH Sharpe Ratio Rank: 5
HIGH Sortino Ratio Rank: 4
HIGH Omega Ratio Rank: 4
HIGH Calmar Ratio Rank: 5
HIGH Martin Ratio Rank: 6

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.

HIGH vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) 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.

	HIGH	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	—	—
Sortino ratio: Return per unit of downside risk	-0.51	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.37	—	—
Martin ratio: Return relative to average drawdown	-0.53	—	—
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

	HIGH	AMDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	4.83	-4.44

Drawdowns

HIGH vs. AMDW - Drawdown Comparison

The maximum HIGH drawdown since its inception was -9.50%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for HIGH and AMDW.

Drawdown Indicators

	HIGH	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-9.50%	-34.64%	+25.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.50%	—	—
Current Drawdown Current decline from peak	-7.11%	0.00%	-7.11%
Average Drawdown Average peak-to-trough decline	-2.37%	-14.66%	+12.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.53%	—	—

Volatility

Volatility by Period

	HIGH	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.83%	81.56%	-72.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.56%	81.56%	-72.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.56%	81.56%	-72.00%

HIGH vs. AMDW - Expense Ratio Comparison

HIGH has a 0.51% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

HIGH vs. AMDW - Dividend Comparison

HIGH's dividend yield for the trailing twelve months is around 7.33%, less than AMDW's 28.98% yield.

Position	TTM	2025	2024	2023	2022
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%	0.00%	0.00%	0.00%
HIGH Simplify Enhanced Income ETF	7.33%	7.71%	8.34%	9.40%	0.62%

Frequently Asked Questions

Can I hold both HIGH and AMDW in my portfolio?

HIGH and AMDW have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIGH or AMDW?

On fees, HIGH is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HIGH or AMDW?

HIGH is cheaper with a 0.51% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 28.98%, compared with 7.33% for HIGH.

What is the main difference between HIGH and AMDW?

They also come from different issuers: Simplify and Roundhill. Their fees differ too: 0.51% for HIGH and 0.99% for AMDW.