JELH vs. AMDW

Last updated Aug 5, 2026

JELH (Janus Henderson Equity Linked High Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their -0.11 correlation means they have often moved in opposite directions in the past. JELH charges 0.59%/yr vs 0.99%/yr for AMDW.

Performance

JELH vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Equity Linked High Income ETF (JELH) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JELH

• 1D: 0.04%
• 1M: 1.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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
JELH Janus Henderson Equity Linked High Income ETF	$203.20K	$172.33K	$184.25K

JELH vs. AMDW - Yearly Performance Comparison

	2026 (YTD)
JELH Janus Henderson Equity Linked High Income ETF	3.20%
AMDW Roundhill AMD WeeklyPay ETF	100.79%

Correlation

The correlation between JELH and AMDW is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026	-0.11

Return for Risk

JELH vs. AMDW — Risk / Return Rank

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

JELH

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

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.

JELH vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Equity Linked High Income ETF (JELH) 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.

	JELH	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	—	2.74	—
Sortino ratio: Return per unit of downside risk	—	3.15	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	6.81	—
Martin ratio: Return relative to average drawdown	—	13.34	—

Drawdowns

JELH vs. AMDW - Drawdown Comparison

The maximum JELH drawdown since its inception was -1.13%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for JELH and AMDW.

Drawdown Indicators

	JELH	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-1.13%	-34.64%	+33.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.64%	—
Current Drawdown Current decline from peak	-0.33%	-12.20%	+11.87%
Average Drawdown Average peak-to-trough decline	-0.31%	-13.98%	+13.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.65%	—

Volatility

Volatility by Period

	JELH	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	67.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	86.09%	-81.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	85.21%	-80.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.77%	85.21%	-80.44%

JELH vs. AMDW - Expense Ratio Comparison

JELH has a 0.59% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

JELH vs. AMDW - Dividend Comparison

JELH's dividend yield for the trailing twelve months is around 2.07%, less than AMDW's 49.89% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	49.89%	34.78%
JELH Janus Henderson Equity Linked High Income ETF	2.07%	0.00%

Frequently Asked Questions

Can I hold both JELH and AMDW in my portfolio?

JELH and AMDW have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JELH or AMDW?

On fees, JELH is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JELH or AMDW?

JELH is cheaper with a 0.59% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 49.89%, compared with 2.07% for JELH.

What is the main difference between JELH and AMDW?

They also come from different issuers: Janus Henderson and Roundhill. Their fees differ too: 0.59% for JELH and 0.99% for AMDW.