TPAY vs. AMDW
TPAY (Roundhill S&P 500 Target 10 Managed Distribution ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. TPAY charges 0.49%/yr vs 0.99%/yr for AMDW.
Performance
TPAY vs. AMDW - Performance Comparison
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Returns By Period
TPAY
- 1D
- 0.86%
- 1M
- 0.34%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AMDW
- 1D
- -2.02%
- 1M
- -10.13%
- 6M
- 119.90%
- YTD
- 146.74%
- 1Y
- 209.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 229.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.26M | $9.58M | $8.51M | |
| $8.91K | $63.35K | $52.42K |
TPAY vs. AMDW - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF | 9.02% |
AMDW Roundhill AMD WeeklyPay ETF | 167.02% |
Correlation
The correlation between TPAY and AMDW is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026 | 0.65 |
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Return for Risk
TPAY vs. AMDW — Risk / Return Rank
TPAY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AMDW
TPAY vs. AMDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) 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.
| TPAY | AMDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.83 | — |
| Martin ratioReturn relative to average drawdown | — | 11.47 | — |
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Drawdowns
TPAY vs. AMDW - Drawdown Comparison
The maximum TPAY drawdown since its inception was -8.62%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for TPAY and AMDW.
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Drawdown Indicators
| TPAY | AMDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.62% | -34.64% | +26.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -34.64% | — |
Current DrawdownCurrent decline from peak | -1.44% | -21.39% | +19.95% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -13.97% | +12.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.59% | — |
Volatility
TPAY vs. AMDW - Volatility Comparison
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Volatility by Period
| TPAY | AMDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 28.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 67.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.25% | 85.70% | -71.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 85.05% | -70.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 85.05% | -70.80% |
TPAY vs. AMDW - Expense Ratio Comparison
TPAY has a 0.49% expense ratio, which is lower than AMDW's 0.99% expense ratio.
Dividends
TPAY vs. AMDW - Dividend Comparison
TPAY's dividend yield for the trailing twelve months is around 3.96%, less than AMDW's 53.42% yield.
| Position | TTM | 2025 |
|---|---|---|
AMDW Roundhill AMD WeeklyPay ETF | 53.42% | 34.78% |
TPAY Roundhill S&P 500 Target 10 Managed Distribution ETF | 3.96% | 0.00% |
Frequently Asked Questions
TPAY and AMDW have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPAY is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPAY is cheaper with a 0.49% expense ratio, compared with 0.99% for AMDW.
AMDW has the higher dividend yield at 53.42%, compared with 3.96% for TPAY.
Their fees differ too: 0.49% for TPAY and 0.99% for AMDW.
Find the right allocation for TPAY and AMDW
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