AMDW vs TDAX

AMDWBRoundhill AMD WeeklyPay ETF

TDAXCTDAQ Lift 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%.

TDAX Leverage with the volume turned down. TDAX aims for 130% of the daily move of TappAlpha's Nasdaq-100 daily-call income ETF, and it pays monthly. Fee is 0.97% net of a waiver through April 30, 2028, against 1.59% gross.

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.

TDAX The fund seeks daily leveraged investment results by magnifying 130% of the daily performance of the TappAlpha Innovation 100 Growth & Daily Income ETF.

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.

• TDAX The multiple is 130%, not 200% or 300%. Same daily-reset machinery as the 2x and 3x crowd, dialed to a gentler setting.sec.gov
• It levers a basket, not a single name: TDAQ holds Nasdaq-100 exposure and writes same-day calls, so one earnings miss doesn't own the whole trade.tappalphafunds.com
• At 0.97% net of a waiver through April 30, 2028, it sits under single-stock income peers AAPW and MSFW at 1.00% and TSYX at 0.98%, and near the category's typical fee.
• Distributions arrive monthly, carried up from the income engine underneath.tappalphafunds.com

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.

• TDAX Exposure resets each close. Over longer stretches your result is compounded daily moves, which the prospectus says will very likely differ from 130% of TDAQ's return.sec.gov
• TDAQ sells calls expiring the same day, which trims how much of a big up-move passes through. TDAX magnifies what's left, not the index's full move.tappalphafunds.com
• The 0.97% is net of a waiver running to April 30, 2028; the stated gross figure is 1.59%. Launched January 2026, so the live record is short.

Full AMDW profile⁠

Full TDAX profile⁠