XPAY vs. AMDW

Last updated Jun 5, 2026

XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds from Roundhill. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. XPAY charges 0.49%/yr vs 0.99%/yr for AMDW.

Performance

XPAY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) 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, XPAY achieves a 11.30% return, which is significantly lower than AMDW's 181.57% return.

XPAY

• 1D: 0.42%
• 1M: 4.66%
• YTD: 11.30%
• 6M: 11.03%
• 1Y: 27.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: -3.70%
• 1M: 58.72%
• YTD: 181.57%
• 6M: 177.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XPAY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	11.30%	7.47%
AMDW Roundhill AMD WeeklyPay ETF	181.57%	34.24%

Correlation

The correlation between XPAY and AMDW is 0.54, 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	0.54

Return for Risk

XPAY vs. AMDW — Risk / Return Rank

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

XPAY

XPAY Risk / Return Rank: 70
XPAY Sharpe Ratio Rank: 73
XPAY Sortino Ratio Rank: 71
XPAY Omega Ratio Rank: 72
XPAY Calmar Ratio Rank: 61
XPAY Martin Ratio Rank: 74

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.

XPAY vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) 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.

	XPAY	AMDW	Difference
Sharpe ratio: Return per unit of total volatility	2.34	—	—
Sortino ratio: Return per unit of downside risk	3.18	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.97	—	—
Martin ratio: Return relative to average drawdown	13.67	—	—
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

	XPAY	AMDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	4.53	-3.30

Drawdowns

XPAY vs. AMDW - Drawdown Comparison

The maximum XPAY drawdown since its inception was -18.20%, smaller than the maximum AMDW drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for XPAY and AMDW.

Drawdown Indicators

	XPAY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-18.20%	-34.64%	+16.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	—	—
Current Drawdown Current decline from peak	-0.26%	-3.70%	+3.44%
Average Drawdown Average peak-to-trough decline	-2.36%	-14.61%	+12.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	XPAY	AMDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	81.51%	-69.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.68%	81.51%	-64.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	81.51%	-64.83%

XPAY vs. AMDW - Expense Ratio Comparison

XPAY has a 0.49% expense ratio, which is lower than AMDW's 0.99% expense ratio.

Dividends

XPAY vs. AMDW - Dividend Comparison

XPAY's dividend yield for the trailing twelve months is around 20.28%, less than AMDW's 30.10% yield.

Position	TTM	2025	2024
AMDW Roundhill AMD WeeklyPay ETF	30.10%	34.78%	0.00%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	20.28%	21.21%	3.40%

Frequently Asked Questions

Can I hold both XPAY and AMDW in my portfolio?

XPAY and AMDW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XPAY or AMDW?

On fees, XPAY is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XPAY or AMDW?

XPAY is cheaper with a 0.49% expense ratio, compared with 0.99% for AMDW.

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

AMDW has the higher dividend yield at 30.10%, compared with 20.28% for XPAY.

What is the main difference between XPAY and AMDW?

Their fees differ too: 0.49% for XPAY and 0.99% for AMDW.