MARO vs. AMDW

Last updated Aug 2, 2026

MARO (YieldMax MARA Option Income Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, MARO returned -37.73% vs 209.29% for AMDW. Their 0.50 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.99% expense ratio.

Performance

MARO vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MARA Option Income Strategy ETF (MARO) 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, MARO achieves a 5.71% return, which is significantly lower than AMDW's 146.74% return.

MARO

• 1D: -2.09%
• 1M: -7.33%
• 6M: 4.46%
• YTD: 5.71%
• 1Y: -37.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -41.18%

AMDW

• 1D: -2.02%
• 1M: -10.13%
• 6M: 119.90%
• YTD: 146.74%
• 1Y: 209.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 229.60%

*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	$10.26M	$9.58M	$8.51M
MARO YieldMax MARA Option Income Strategy ETF	$1.77M	$2.35M	$3.24M

MARO vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
MARO YieldMax MARA Option Income Strategy ETF	5.71%	-46.92%
AMDW Roundhill AMD WeeklyPay ETF	146.74%	36.56%

Correlation

The correlation between MARO and AMDW is 0.51, 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.	0.51
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.50

The correlation between MARO and AMDW has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.

Return for Risk

MARO vs. AMDW — Risk / Return Rank

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

MARO

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

AMDW

AMDW Risk / Return Rank: 88
AMDW Sharpe Ratio Rank: 92
AMDW Sortino Ratio Rank: 87
AMDW Omega Ratio Rank: 84
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 84

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.

MARO vs. AMDW - Risk-Adjusted Trends Comparison

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

	MARO	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	2.36	-2.97
Sortino ratio: Return per unit of downside risk	-0.63	2.92	-3.55
Omega ratio: Gain probability vs. loss probability	0.93	1.36	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.61	5.83	-6.44
Martin ratio: Return relative to average drawdown	-0.95	11.47	-12.42

MARO vs. AMDW - Sharpe Ratio Comparison

The current MARO Sharpe Ratio is -0.61, which is lower than the AMDW Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of MARO 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

MARO vs. AMDW - Drawdown Comparison

The maximum MARO drawdown since its inception was -71.75%, which is greater than AMDW's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for MARO and AMDW.

Drawdown Indicators

	MARO	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-71.75%	-34.64%	-37.11%
Max Drawdown (1Y) Largest decline over 1 year	-65.51%	-34.64%	-30.87%
Current Drawdown Current decline from peak	-59.72%	-21.39%	-38.33%
Average Drawdown Average peak-to-trough decline	-43.17%	-13.97%	-29.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.97%	17.59%	+24.38%

Volatility

MARO vs. AMDW - Volatility Comparison

The current volatility for YieldMax MARA Option Income Strategy ETF (MARO) is 26.53%, while Roundhill AMD WeeklyPay ETF (AMDW) has a volatility of 28.87%. This indicates that MARO 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

	MARO	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.53%	28.87%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	52.21%	67.40%	-15.19%
Volatility (1Y) Calculated over the trailing 1-year period	65.49%	85.70%	-20.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.53%	85.05%	-18.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.53%	85.05%	-18.52%

MARO vs. AMDW - Expense Ratio Comparison

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

Dividends

MARO vs. AMDW - Dividend Comparison

MARO's dividend yield for the trailing twelve months is around 202.73%, more than AMDW's 53.42% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	53.42%	34.78%
MARO YieldMax MARA Option Income Strategy ETF	202.73%	277.68%

Frequently Asked Questions

Can I hold both MARO and AMDW in my portfolio?

MARO and AMDW have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MARO or AMDW?

AMDW has higher volatility (28.87%) compared to MARO (26.53%). In terms of maximum drawdown, MARO dropped -71.75% vs AMDW's -34.64%.

Which ETF is better, MARO or AMDW?

On 1-year performance, AMDW leads with 209.29% vs -37.73% for MARO. Both ETFs have the same 0.99% expense ratio. On volatility, MARO has been the lower-risk option at 26.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MARO or AMDW?

Over the 1-year period, AMDW has performed better with a 209.29% return vs -37.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MARO or AMDW?

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

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

MARO has the higher dividend yield at 202.73%, compared with 53.42% for AMDW.

What is the main difference between MARO and AMDW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

AMDW currently has the higher Sharpe Ratio (2.36 vs -0.61), 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.