AMZW vs TDAX

AMZWBRoundhill AMZN WeeklyPay ETF

TDAXCTDAQ Lift ETF

In short

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.

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

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.

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

• 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.

• 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

• 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

• 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 AMZW profile⁠

Full TDAX profile⁠