RKLX vs. AMDW

Last updated Jun 4, 2026

RKLX (Defiance Daily Target 2X Long RKLB ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both exchange-traded funds - RKLX is a Leveraged Equities fund actively managed by Defiance, while AMDW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. RKLX charges 1.29%/yr vs 0.99%/yr for AMDW.

Performance

RKLX vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RKLB ETF (RKLX) 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, RKLX achieves a 59.46% return, which is significantly lower than AMDW's 192.40% return.

RKLX

• 1D: -14.06%
• 1M: 69.79%
• YTD: 59.46%
• 6M: 247.53%
• 1Y: 535.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: 4.91%
• 1M: 72.80%
• YTD: 192.40%
• 6M: 186.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RKLX vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
RKLX Defiance Daily Target 2X Long RKLB ETF	59.46%	38.48%
AMDW Roundhill AMD WeeklyPay ETF	192.40%	34.24%

Correlation

The correlation between RKLX and AMDW is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.35

RKLX vs. AMDW - Sectors Allocation Comparison

Sectors	RKLX	AMDW
Industrials	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	28.6%
Utilities	-	-

Return for Risk

RKLX vs. AMDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RKLX

RKLX Risk / Return Rank: 78
RKLX Sharpe Ratio Rank: 88
RKLX Sortino Ratio Rank: 69
RKLX Omega Ratio Rank: 63
RKLX Calmar Ratio Rank: 94
RKLX Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RKLX vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RKLB ETF (RKLX) 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.

	RKLX	AMDW	Difference
Sharpe ratio Return per unit of total volatility	2.94	—	—
Sortino ratio Return per unit of downside risk	3.12	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	7.53	—	—
Martin ratio Return relative to average drawdown	14.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RKLX	AMDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.69	4.83	-1.14

Drawdowns

RKLX vs. AMDW - Drawdown Comparison

The maximum RKLX drawdown since its inception was -71.71%, which is greater than AMDW's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for RKLX and AMDW.

Drawdown Indicators

	RKLX	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-71.71%	-34.64%	-37.07%
Max Drawdown (1Y) Largest decline over 1 year	-71.71%	—	—
Current Drawdown Current decline from peak	-44.20%	0.00%	-44.20%
Average Drawdown Average peak-to-trough decline	-25.90%	-14.66%	-11.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.65%	—	—

Volatility

Volatility by Period

	RKLX	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	80.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	142.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	183.57%	81.56%	+102.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	181.89%	81.56%	+100.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	181.89%	81.56%	+100.33%

RKLX vs. AMDW - Expense Ratio Comparison

RKLX has a 1.29% expense ratio, which is higher than AMDW's 0.99% expense ratio.

Dividends

RKLX vs. AMDW - Dividend Comparison

RKLX's dividend yield for the trailing twelve months is around 9.37%, less than AMDW's 28.98% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%
RKLX Defiance Daily Target 2X Long RKLB ETF	9.37%	14.94%

Frequently Asked Questions

Can I hold both RKLX and AMDW in my portfolio?

RKLX and AMDW have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RKLX or AMDW?

On fees, AMDW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RKLX or AMDW?

AMDW is cheaper with a 0.99% expense ratio, compared with 1.29% for RKLX.

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

AMDW has the higher dividend yield at 28.98%, compared with 9.37% for RKLX.

What is the main difference between RKLX and AMDW?

RKLX is categorized as Leveraged Equities, while AMDW is Derivative Income. They also come from different issuers: Defiance and Roundhill. Their fees differ too: 1.29% for RKLX and 0.99% for AMDW.