ODTE vs. AMDW

Last updated Jun 7, 2026

ODTE (VegaShares SPX NDX RTY Premium Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.68 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 0.99%/yr for AMDW.

Performance

ODTE vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares SPX NDX RTY Premium Income ETF (ODTE) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODTE

• 1D: -3.53%
• 1M: -1.06%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: -13.25%
• 1M: 2.39%
• YTD: 144.27%
• 6M: 137.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ODTE vs. AMDW - Yearly Performance Comparison

	2026 (YTD)
ODTE VegaShares SPX NDX RTY Premium Income ETF	9.10%
AMDW Roundhill AMD WeeklyPay ETF	144.54%

Correlation

The correlation between ODTE and AMDW is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 6, 2026	0.68

Return for Risk

ODTE vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.

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

Sharpe Ratios by Period

	ODTE	AMDW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.46	3.57	+0.89

Drawdowns

ODTE vs. AMDW - Drawdown Comparison

The maximum ODTE drawdown since its inception was -3.86%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for ODTE and AMDW.

Drawdown Indicators

	ODTE	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-3.86%	-34.64%	+30.78%
Current Drawdown Current decline from peak	-3.86%	-16.46%	+12.60%
Average Drawdown Average peak-to-trough decline	-0.47%	-14.61%	+14.14%

Volatility

Volatility by Period

	ODTE	AMDW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	82.70%	-68.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	82.70%	-68.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.67%	82.70%	-68.03%

ODTE vs. AMDW - Expense Ratio Comparison

ODTE has a 0.76% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

ODTE vs. AMDW - Dividend Comparison

ODTE's dividend yield for the trailing twelve months is around 2.19%, less than AMDW's 34.70% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	34.70%	34.78%
ODTE VegaShares SPX NDX RTY Premium Income ETF	2.19%	0.00%

Frequently Asked Questions

Can I hold both ODTE and AMDW in my portfolio?

ODTE and AMDW have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ODTE or AMDW?

On fees, ODTE is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODTE or AMDW?

ODTE is cheaper with a 0.76% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 34.70%, compared with 2.19% for ODTE.

What is the main difference between ODTE and AMDW?

They also come from different issuers: VegaShares and Roundhill. Their fees differ too: 0.76% for ODTE and 0.99% for AMDW.