AMDW vs MSTW

AMDWBRoundhill AMD WeeklyPay ETF

MSTWCRoundhill MSTR WeeklyPay ETF

In short

AMDW An AMD income play that never sells a call. AMDW holds swaps plus stock targeting 1.2 times AMD's calendar-week total return, upside uncapped, and is built to pay out every week. Fee: 1.00%.

MSTW MSTR with the leverage dial at 1.2x and a payout stapled on. WeeklyPay resets exposure once a calendar week, not daily, and cuts a distribution every week sized off MSTR's own volatility. The most combustible reference stock in Roundhill's weekly lineup.

Stated mandate

AMDW The Fund seeks weekly distributions and aims to deliver 1.2 times the calendar-week total return of Advanced Micro Devices, Inc. common shares, before fees and expenses.

MSTW The Fund seeks weekly distributions and calendar-week returns, before expenses, equal to 1.2 times the calendar-week total return of MSTR.

Why people hold it

• AMDW No options sold here. AMDW uses total return swaps plus AMD stock to target 1.2 times AMD's calendar-week total return, before fees, which leaves the upside uncapped.roundhillinvestments.comroundhillinvestments.com 2
• The reset is weekly, not daily. Exposure runs from one week's closing bell to the next, so there are far fewer reset points than in a daily-reset leveraged fund.roundhillinvestments.com
• Payouts are weekly and formula-driven: each week's distribution comes off dynamic inputs including AMD's recent total return and its implied volatility.roundhillinvestments.comroundhillinvestments.com 2
• Fee of 1.00% sits with the pack (AAPW and MSFW at 1.00%, COSW 0.99%, TSYX 0.98%), and the fund has stayed close to its stated 1.2x weekly mandate.

• MSTW Leverage resets at the close of the last business day each calendar week, so the 1.2x applies to a week's move in MSTR rather than a day's.sec.gov
• A 1.2x multiple is mild for single-stock land: 20% more than MSTR's weekly move, up or down.sec.gov
• Pays weekly, with each amount set by a formula using MSTR's recent total return and implied volatility, so the figure shifts week to week.sec.gov
• Costs 1.00% a year with no waiver, matching sibling WeeklyPay funds AAPW and MSFW at 1.00% and sitting near the category median.

Worth knowing

• AMDW Distributions can exceed the fund's income and gains. The excess is treated as a return of capital, which gives back your own money and can raise the tax paperwork.roundhillinvestments.com
• The 1.2x target covers one calendar week at a time. Over longer stretches, results depend on AMD's path and can differ from 1.2 times its move.roundhillinvestments.com
• Everything rides on one semiconductor stock, geared up, and the fund launched in 2025, so there is only a short record to judge it by.

• MSTW MSTR is already a high-octane bitcoin proxy; the prospectus warns an investor could lose the full principal value within a single week.sec.gov
• Distributions can include return of capital, meaning part of a payout may be your own money handed back.roundhillinvestments.com
• Hold longer than a week and results can drift from 1.2x MSTR: the fund does not seek that multiple over any period other than a calendar week.sec.gov

Full AMDW profile⁠

Full MSTW profile⁠