PAPI vs. AMDW
PAPI (Parametric Equity Premium Income ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. PAPI charges 0.29%/yr vs 0.99%/yr for AMDW.
Performance
PAPI vs. AMDW - Performance Comparison
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Returns By Period
In the year-to-date period, PAPI achieves a 10.97% return, which is significantly lower than AMDW's 164.34% return.
PAPI
- 1D
- -0.43%
- 1M
- 4.56%
- 6M
- 6.05%
- YTD
- 10.97%
- 1Y
- 15.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.32%
AMDW
- 1D
- 1.85%
- 1M
- -8.09%
- 6M
- 141.62%
- YTD
- 164.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PAPI vs. AMDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAPI Parametric Equity Premium Income ETF | 10.97% | 2.50% |
AMDW Roundhill AMD WeeklyPay ETF | 164.34% | 36.56% |
Correlation
The correlation between PAPI and AMDW is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | -0.02 |
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Return for Risk
PAPI vs. AMDW — Risk / Return Rank
PAPI
AMDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PAPI vs. AMDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Equity Premium Income ETF (PAPI) 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.
| PAPI | AMDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | — | — |
| Martin ratioReturn relative to average drawdown | 5.78 | — | — |
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Drawdowns
PAPI vs. AMDW - Drawdown Comparison
The maximum PAPI drawdown since its inception was -14.27%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for PAPI and AMDW.
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Drawdown Indicators
| PAPI | AMDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.27% | -34.64% | +20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | — | — |
Current DrawdownCurrent decline from peak | -0.69% | -15.78% | +15.09% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -13.87% | +11.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | — | — |
Volatility
PAPI vs. AMDW - Volatility Comparison
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Volatility by Period
| PAPI | AMDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.50% | 83.30% | -72.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.73% | 83.30% | -71.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.73% | 83.30% | -71.57% |
PAPI vs. AMDW - Expense Ratio Comparison
PAPI has a 0.29% expense ratio, which is lower than AMDW's 0.99% expense ratio.
Dividends
PAPI vs. AMDW - Dividend Comparison
PAPI's dividend yield for the trailing twelve months is around 7.38%, less than AMDW's 48.51% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AMDW Roundhill AMD WeeklyPay ETF | 48.51% | 34.78% | 0.00% | 0.00% |
PAPI Parametric Equity Premium Income ETF | 7.38% | 7.59% | 7.07% | 1.45% |
Frequently Asked Questions
PAPI and AMDW have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAPI is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAPI is cheaper with a 0.29% expense ratio, compared with 0.99% for AMDW.
AMDW has the higher dividend yield at 48.51%, compared with 7.38% for PAPI.
They also come from different issuers: Morgan Stanley and Roundhill. Their fees differ too: 0.29% for PAPI and 0.99% for AMDW.
Find the right allocation for PAPI and AMDW
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