HOOY vs. AMDW

Last updated Aug 6, 2026

HOOY (YieldMax HOOD Option Income Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HOOY returned -15.45% vs 206.80% for AMDW. Their 0.38 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

HOOY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax HOOD Option Income Strategy ETF (HOOY) 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, HOOY achieves a -14.40% return, which is significantly lower than AMDW's 150.15% return.

HOOY

• 1D: -0.61%
• 1M: -17.80%
• 6M: 16.22%
• YTD: -14.40%
• 1Y: -15.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.56%

AMDW

• 1D: -9.24%
• 1M: -15.34%
• 6M: 173.56%
• YTD: 150.15%
• 1Y: 206.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 228.78%

*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	$10.57M	$9.37M	$8.65M
HOOY YieldMax HOOD Option Income Strategy ETF	$3.40M	$4.54M	$3.96M

HOOY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
HOOY YieldMax HOOD Option Income Strategy ETF	-14.40%	2.42%
AMDW Roundhill AMD WeeklyPay ETF	150.15%	36.56%

Correlation

The correlation between HOOY and AMDW is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.38

Return for Risk

HOOY vs. AMDW — Risk / Return Rank

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

HOOY

HOOY Risk / Return Rank: 7
HOOY Sharpe Ratio Rank: 7
HOOY Sortino Ratio Rank: 8
HOOY Omega Ratio Rank: 9
HOOY Calmar Ratio Rank: 7
HOOY Martin Ratio Rank: 7

AMDW

AMDW Risk / Return Rank: 85
AMDW Sharpe Ratio Rank: 90
AMDW Sortino Ratio Rank: 81
AMDW Omega Ratio Rank: 77
AMDW Calmar Ratio Rank: 95
AMDW Martin Ratio Rank: 80

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.

HOOY vs. AMDW - Risk-Adjusted Trends Comparison

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

	HOOY	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	2.40	-2.68
Sortino ratio: Return per unit of downside risk	-0.01	2.93	-2.95
Omega ratio: Gain probability vs. loss probability	1.00	1.36	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.30	6.01	-6.31
Martin ratio: Return relative to average drawdown	-0.50	11.75	-12.25

HOOY vs. AMDW - Sharpe Ratio Comparison

The current HOOY Sharpe Ratio is -0.27, which is lower than the AMDW Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of HOOY 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

HOOY vs. AMDW - Drawdown Comparison

The maximum HOOY drawdown since its inception was -51.54%, which is greater than AMDW's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for HOOY and AMDW.

Drawdown Indicators

	HOOY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-34.64%	-16.90%
Max Drawdown (1Y) Largest decline over 1 year	-51.54%	-34.64%	-16.90%
Current Drawdown Current decline from peak	-36.21%	-20.31%	-15.90%
Average Drawdown Average peak-to-trough decline	-21.72%	-14.01%	-7.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.21%	17.69%	+13.52%

Volatility

HOOY vs. AMDW - Volatility Comparison

The current volatility for YieldMax HOOD Option Income Strategy ETF (HOOY) is 14.88%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 29.75%. This indicates that HOOY 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

	HOOY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.88%	29.75%	-14.87%
Volatility (6M) Calculated over the trailing 6-month period	43.50%	68.16%	-24.66%
Volatility (1Y) Calculated over the trailing 1-year period	56.97%	86.61%	-29.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.46%	85.60%	-31.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.46%	85.60%	-31.14%

HOOY vs. AMDW - Expense Ratio Comparison

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

Dividends

HOOY vs. AMDW - Dividend Comparison

HOOY's dividend yield for the trailing twelve months is around 140.49%, more than AMDW's 54.97% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	54.97%	34.78%
HOOY YieldMax HOOD Option Income Strategy ETF	140.49%	82.87%

Frequently Asked Questions

Can I hold both HOOY and AMDW in my portfolio?

HOOY and AMDW have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOY or AMDW?

AMDW has higher volatility (29.75%) compared to HOOY (14.88%). In terms of maximum drawdown, HOOY dropped -51.54% vs AMDW's -34.64%.

Which ETF is better, HOOY or AMDW?

On 1-year performance, AMDW leads with 206.80% vs -15.45% for HOOY. Both ETFs have the same 0.99% expense ratio. On volatility, HOOY has been the lower-risk option at 14.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOY or AMDW?

Over the 1-year period, AMDW has performed better with a 206.80% return vs -15.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOY or AMDW?

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

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

HOOY has the higher dividend yield at 140.49%, compared with 54.97% for AMDW.

What is the main difference between HOOY and AMDW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.40 vs -0.27), 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.