ULTI vs. AMDW

Last updated Aug 2, 2026

ULTI (REX IncomeMax Option Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. ULTI charges 1.25%/yr vs 0.99%/yr for AMDW.

Performance

ULTI vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX IncomeMax Option Strategy ETF (ULTI) 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, ULTI achieves a -19.45% return, which is significantly lower than AMDW's 146.74% return.

ULTI

• 1D: -1.65%
• 1M: -25.27%
• 6M: -29.49%
• YTD: -19.45%
• 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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMDW Roundhill AMD WeeklyPay ETF	$10.26M	$9.58M	$8.51M
ULTI REX IncomeMax Option Strategy ETF	$665.44K	$808.69K	$1.16M

ULTI vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
ULTI REX IncomeMax Option Strategy ETF	-19.45%	-38.67%
AMDW Roundhill AMD WeeklyPay ETF	146.74%	-20.38%

Correlation

The correlation between ULTI and AMDW is 0.62, 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 Oct 31, 2025	0.62

Return for Risk

ULTI vs. AMDW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ULTI

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

AMDW

AMDW Risk / Return Rank: 88
AMDW Sharpe Ratio Rank: 92
AMDW Sortino Ratio Rank: 87
AMDW Omega Ratio Rank: 84
AMDW Calmar Ratio Rank: 96
AMDW Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ULTI vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX IncomeMax Option Strategy ETF (ULTI) 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.

	ULTI	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	—	2.36	—
Sortino ratio: Return per unit of downside risk	—	2.92	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	5.83	—
Martin ratio: Return relative to average drawdown	—	11.47	—

Drawdowns

ULTI vs. AMDW - Drawdown Comparison

The maximum ULTI drawdown since its inception was -54.23%, which is greater than AMDW's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for ULTI and AMDW.

Drawdown Indicators

	ULTI	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-54.23%	-34.64%	-19.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.64%	—
Current Drawdown Current decline from peak	-50.60%	-21.39%	-29.21%
Average Drawdown Average peak-to-trough decline	-29.66%	-13.97%	-15.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.59%	—

Volatility

Volatility by Period

	ULTI	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	61.51%	85.70%	-24.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.51%	85.05%	-23.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.51%	85.05%	-23.54%

ULTI vs. AMDW - Expense Ratio Comparison

ULTI has a 1.25% expense ratio, which is higher than AMDW's 0.99% expense ratio.

Dividends

ULTI vs. AMDW - Dividend Comparison

ULTI's dividend yield for the trailing twelve months is around 103.15%, more than AMDW's 53.42% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	53.42%	34.78%
ULTI REX IncomeMax Option Strategy ETF	103.15%	14.96%

Frequently Asked Questions

Can I hold both ULTI and AMDW in my portfolio?

ULTI and AMDW have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ULTI 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, ULTI or AMDW?

AMDW is cheaper with a 0.99% expense ratio, compared with 1.25% for ULTI.

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

ULTI has the higher dividend yield at 103.15%, compared with 53.42% for AMDW.

What is the main difference between ULTI and AMDW?

They also come from different issuers: REX Shares and Roundhill. Their fees differ too: 1.25% for ULTI and 0.99% for AMDW.