ULTY vs. AMDW

Last updated Jun 4, 2026

ULTY (YieldMax Ultra Option Income Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. ULTY charges 1.14%/yr vs 0.99%/yr for AMDW.

Performance

ULTY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Ultra Option Income Strategy ETF (ULTY) 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, ULTY achieves a 11.14% return, which is significantly lower than AMDW's 192.40% return.

ULTY

• 1D: -1.25%
• 1M: 4.53%
• YTD: 11.14%
• 6M: 9.84%
• 1Y: 8.24%
• 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)

ULTY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
ULTY YieldMax Ultra Option Income Strategy ETF	11.14%	-14.12%
AMDW Roundhill AMD WeeklyPay ETF	192.40%	34.24%

Correlation

The correlation between ULTY and AMDW is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.60

ULTY vs. AMDW - Sectors Allocation Comparison

Sectors	ULTY	AMDW
Technology	54.6%	28.6%
Basic Materials	11.7%	-
Industrials	9.3%	-
Communication Services	8.9%	-
Financial Services	8.6%	-
Consumer Cyclical	5.2%	-
Healthcare	1.8%	-
Consumer Defensive	0.0%	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ULTY vs. AMDW — Risk / Return Rank

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

ULTY

ULTY Risk / Return Rank: 13
ULTY Sharpe Ratio Rank: 14
ULTY Sortino Ratio Rank: 14
ULTY Omega Ratio Rank: 14
ULTY Calmar Ratio Rank: 13
ULTY Martin Ratio Rank: 12

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.

ULTY vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) 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.

	ULTY	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	0.40	—	—
Sortino ratio: Return per unit of downside risk	0.66	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.34	—	—
Martin ratio: Return relative to average drawdown	0.67	—	—
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

	ULTY	AMDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	4.83	-4.66

Drawdowns

ULTY vs. AMDW - Drawdown Comparison

The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for ULTY and AMDW.

Drawdown Indicators

	ULTY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-26.85%	-34.64%	+7.79%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	—	—
Current Drawdown Current decline from peak	-8.88%	0.00%	-8.88%
Average Drawdown Average peak-to-trough decline	-9.37%	-14.66%	+5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.31%	—	—

Volatility

Volatility by Period

	ULTY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	81.56%	-60.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.92%	81.56%	-54.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	81.56%	-54.64%

ULTY vs. AMDW - Expense Ratio Comparison

ULTY has a 1.14% expense ratio, which is higher than AMDW's 0.99% expense ratio.

Dividends

ULTY vs. AMDW - Dividend Comparison

ULTY's dividend yield for the trailing twelve months is around 114.67%, more than AMDW's 28.98% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	28.98%	34.78%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	114.67%	142.99%	111.70%

Frequently Asked Questions

Can I hold both ULTY and AMDW in my portfolio?

ULTY and AMDW have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ULTY 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, ULTY or AMDW?

AMDW is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.

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

ULTY has the higher dividend yield at 114.67%, compared with 28.98% for AMDW.

What is the main difference between ULTY and AMDW?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.14% for ULTY and 0.99% for AMDW.