AAPW vs AMZW

AAPWBRoundhill AAPL WeeklyPay ETF

AMZWBRoundhill AMZN WeeklyPay ETF

In short

AAPW Most leveraged single-stock funds reset daily. AAPW resets on the calendar week, targeting 1.2x Apple's weekly total return before fees, and cuts a distribution check every week. Cost: 1.00%, no waiver.

AMZW A weekly paycheck stapled to Amazon. AMZW's stated aim is to pay distributions every week while targeting 1.2 times AMZN's calendar-week total return before fees and expenses. Fee: 1.00%, no waiver.

Stated mandate

AAPW AAPW seeks income and growth by making weekly distributions while targeting 1.2 times the calendar-week total return of Apple common shares, before fees and expenses.

AMZW The Fund primarily seeks to pay weekly distributions and secondarily targets approximately 1.2 times Amazon’s calendar-week total return, before fees and expenses.

Why people hold it

• AAPW Leverage dialed down, not up: 120% of Apple's calendar-week total return before fees and expenses, with the objective defined over the week and nothing longer.sec.gov
• Paying is the point. The prospectus lists weekly distributions as the primary objective and the 1.2x weekly return as the secondary one, an unusual order of operations.sec.gov
• At 1.00% with no waiver, it sits right alongside its WeeklyPay siblings (AMDW 1.00%, COSW 0.99%) and TSYX at 0.98%, and near the category median fee.
• In a peer group of leveraged single-stock income funds, this ranks among the stronger implementations, hitting its stated weekly target closely.

• AMZW The leverage is calendar-week leverage: 1.2 times AMZN's weekly total return before fees. The prospectus is blunt that the objective applies to a week, not a day or a year.sec.gov
• Modest amplification, not the 2x-daily treadmill. Roundhill builds the 120% exposure from total return swaps plus actual AMZN common stock.roundhillinvestments.com
• Cash lands weekly rather than monthly or quarterly, and the same WeeklyPay plumbing runs across Roundhill's AAPL (AAPW), MSFT (MSFW), AMD (AMDW) and COST (COSW) versions, all priced near 1.00%.roundhillinvestments.com
• At 1.00% with no fee waiver, AMZW sits near the median of its 17-fund leveraged single-stock income category, and in the upper half of that group on build quality.

Worth knowing

• AAPW The weekly reset is the mechanism and the catch: hold past Friday and your result can drift from 1.2x Apple's move. A single week can take the whole investment.sec.gov
• Distributions can exceed the fund's income and gains. The excess is return of capital, your own money handed back, which reduces net asset value.roundhillinvestments.com
• It is a small fund that trades lightly, and its Apple exposure comes through swaps with a counterparty plus Treasury collateral rather than shares.sec.gov

• AMZW The weekly check can be your own money coming back. Roundhill discloses distributions may exceed income and gains, with the excess treated as return of capital, which lowers your cost basis.roundhillinvestments.com
• 1.2x works in both directions: a losing week in Amazon lands about 20% harder. The filing warns an investor could lose the full value of the investment within a single week.sec.gov
• One stock, swap-based, and launched in 2025: concentration risk, counterparty risk, and a thinly traded tape that can mean wider spreads than the mega-cap it tracks.roundhillinvestments.com

Full AAPW profile⁠

Full AMZW profile⁠