TRPA vs. AMZW

Last updated Jun 5, 2026

TRPA (Hartford AAA CLO ETF) and AMZW (Roundhill AMZN WeeklyPay ETF) are both exchange-traded funds - TRPA is a CLO fund actively managed by Hartford, while AMZW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. TRPA charges 0.24%/yr vs 0.99%/yr for AMZW.

Performance

TRPA vs. AMZW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford AAA CLO ETF (TRPA) and Roundhill AMZN WeeklyPay ETF (AMZW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRPA achieves a 1.94% return, which is significantly lower than AMZW's 9.45% return.

TRPA

• 1D: 0.04%
• 1M: 0.40%
• YTD: 1.94%
• 6M: 2.42%
• 1Y: 5.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZW

• 1D: 1.79%
• 1M: -9.25%
• YTD: 9.45%
• 6M: 9.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRPA vs. AMZW - Yearly Performance Comparison

	2026 (YTD)	2025
TRPA Hartford AAA CLO ETF	1.94%	3.06%
AMZW Roundhill AMZN WeeklyPay ETF	9.45%	7.33%

Correlation

The correlation between TRPA and AMZW is -0.04, 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 Jun 20, 2025	-0.04

Return for Risk

TRPA vs. AMZW — Risk / Return Rank

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

TRPA

TRPA Risk / Return Rank: 86
TRPA Sharpe Ratio Rank: 72
TRPA Sortino Ratio Rank: 85
TRPA Omega Ratio Rank: 80
TRPA Calmar Ratio Rank: 96
TRPA Martin Ratio Rank: 96

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.

TRPA vs. AMZW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford AAA CLO ETF (TRPA) and Roundhill AMZN WeeklyPay ETF (AMZW). 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.

	TRPA	AMZW	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	3.75	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	8.84	—	—
Martin ratio: Return relative to average drawdown	35.93	—	—
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

	TRPA	AMZW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.56	0.50	+2.06

Drawdowns

TRPA vs. AMZW - Drawdown Comparison

The maximum TRPA drawdown since its inception was -0.61%, smaller than the maximum AMZW drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for TRPA and AMZW.

Drawdown Indicators

	TRPA	AMZW	Difference
Max Drawdown Largest peak-to-trough decline	-0.61%	-26.79%	+26.18%
Max Drawdown (1Y) Largest decline over 1 year	-0.61%	—	—
Current Drawdown Current decline from peak	-0.01%	-9.87%	+9.86%
Average Drawdown Average peak-to-trough decline	-0.10%	-8.90%	+8.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.15%	—	—

Volatility

Volatility by Period

	TRPA	AMZW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.34%	36.95%	-34.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.37%	36.95%	-34.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.37%	36.95%	-34.58%

TRPA vs. AMZW - Expense Ratio Comparison

TRPA has a 0.24% expense ratio, which is lower than AMZW's 0.99% expense ratio.

Dividends

TRPA vs. AMZW - Dividend Comparison

TRPA's dividend yield for the trailing twelve months is around 5.19%, less than AMZW's 42.29% yield.

Position	TTM	2025
AMZW Roundhill AMZN WeeklyPay ETF	42.29%	25.29%
TRPA Hartford AAA CLO ETF	5.19%	4.14%

Frequently Asked Questions

Can I hold both TRPA and AMZW in my portfolio?

TRPA and AMZW have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRPA or AMZW?

On fees, TRPA is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRPA or AMZW?

TRPA is cheaper with a 0.24% expense ratio, compared with 0.99% for AMZW.

Which ETF pays a higher dividend yield, TRPA or AMZW?

AMZW has the higher dividend yield at 42.29%, compared with 5.19% for TRPA.

What is the main difference between TRPA and AMZW?

TRPA is categorized as CLO, while AMZW is Derivative Income. They also come from different issuers: Hartford and Roundhill. Their fees differ too: 0.24% for TRPA and 0.99% for AMZW.