ITWO vs. AMDW

Last updated Aug 5, 2026

ITWO (Proshares Russell 2000 High Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. ITWO is passively managed, while AMDW is actively managed. Over the past year, ITWO returned 38.09% vs 234.24% for AMDW. Their 0.54 correlation means they have sometimes moved together and sometimes differently. ITWO charges 0.55%/yr vs 0.99%/yr for AMDW.

Performance

ITWO vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Russell 2000 High Income ETF (ITWO) 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, ITWO achieves a 23.91% return, which is significantly lower than AMDW's 175.61% return.

ITWO

• 1D: 1.44%
• 1M: 1.32%
• 6M: 16.30%
• YTD: 23.91%
• 1Y: 38.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.88%

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
ITWO Proshares Russell 2000 High Income ETF	$1.12M	$1.31M	$1.40M

ITWO vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
ITWO Proshares Russell 2000 High Income ETF	23.91%	7.50%
AMDW Roundhill AMD WeeklyPay ETF	175.61%	36.56%

Correlation

The correlation between ITWO and AMDW is 0.54, 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.	0.54
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.54

The correlation between ITWO and AMDW has been stable across timeframes, ranging from 0.54 to 0.54 - a consistent structural relationship.

Return for Risk

ITWO vs. AMDW — Risk / Return Rank

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

ITWO

ITWO Risk / Return Rank: 80
ITWO Sharpe Ratio Rank: 80
ITWO Sortino Ratio Rank: 77
ITWO Omega Ratio Rank: 71
ITWO Calmar Ratio Rank: 88
ITWO Martin Ratio Rank: 85

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.

ITWO vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Russell 2000 High Income ETF (ITWO) 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.

	ITWO	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.74	-0.70
Sortino ratio: Return per unit of downside risk	2.78	3.15	-0.37
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.05
Calmar ratio: Return relative to maximum drawdown	3.91	6.81	-2.90
Martin ratio: Return relative to average drawdown	13.24	13.34	-0.11

ITWO vs. AMDW - Sharpe Ratio Comparison

The current ITWO Sharpe Ratio is 2.04, which is comparable to the AMDW Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of ITWO 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

ITWO vs. AMDW - Drawdown Comparison

The maximum ITWO drawdown since its inception was -24.77%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for ITWO and AMDW.

Drawdown Indicators

	ITWO	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-24.77%	-34.64%	+9.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-34.64%	+24.85%
Current Drawdown Current decline from peak	0.00%	-12.20%	+12.20%
Average Drawdown Average peak-to-trough decline	-4.82%	-13.98%	+9.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	17.65%	-14.76%

Volatility

ITWO vs. AMDW - Volatility Comparison

The current volatility for Proshares Russell 2000 High Income ETF (ITWO) is 4.39%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 29.22%. This indicates that ITWO 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

	ITWO	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	29.22%	-24.83%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	67.41%	-53.55%
Volatility (1Y) Calculated over the trailing 1-year period	18.84%	86.09%	-67.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.27%	85.21%	-64.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.27%	85.21%	-64.94%

ITWO vs. AMDW - Expense Ratio Comparison

ITWO has a 0.55% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

ITWO vs. AMDW - Dividend Comparison

ITWO's dividend yield for the trailing twelve months is around 7.35%, less than AMDW's 49.89% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	49.89%	34.78%	0.00%
ITWO Proshares Russell 2000 High Income ETF	7.35%	12.12%	4.11%

Frequently Asked Questions

Can I hold both ITWO and AMDW in my portfolio?

ITWO and AMDW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITWO or AMDW?

AMDW has higher volatility (29.22%) compared to ITWO (4.39%). In terms of maximum drawdown, ITWO dropped -24.77% vs AMDW's -34.64%.

Which ETF is better, ITWO or AMDW?

On 1-year performance, AMDW leads with 234.24% vs 38.09% for ITWO. On fees, ITWO is cheaper at 0.55% per year. On volatility, ITWO has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ITWO or AMDW?

Over the 1-year period, AMDW has performed better with a 234.24% return vs 38.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ITWO or AMDW?

ITWO is cheaper with a 0.55% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 49.89%, compared with 7.35% for ITWO.

What is the main difference between ITWO and AMDW?

They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.55% for ITWO and 0.99% for AMDW.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.74 vs 2.04), 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.