Overview

Investment Objective

The Fund’s primary investment objective is to pay weekly distributions. The Fund’s secondary investment objective is to provide calendar week returns, before fees and expenses, that correspond to 1.2 times (120%) the calendar week total return of common shares of Advanced Micro Devices, Inc. (Nasdaq: AMD) (“AMD”).

Thematic Focus

Financial & Structural Themes
Options Overlay & Income Generation Capital Efficiency & Return Stacking

At a Glance

Key Pros

  • Potential for magnified weekly gains on AMD stock.
  • Provides a regular weekly income stream.
  • Offers targeted, leveraged exposure to a single, high-interest technology stock.

Key Cons

  • Magnified losses (1.2x) if AMD stock declines over a week.
  • Weekly leverage reset means performance can deviate significantly from 1.2x the long-term return of AMD due to volatility drag.
  • Distributions may consist of return of capital, which reduces an investor's cost basis and is not true yield.
  • Extreme concentration risk in a single, volatile stock and sector.

Performance

Journey of $10k

1Y Return Annualized The average amount of money earned by an investment each year over a given time period. N/A
3Y Return Annualized The average amount of money earned by an investment each year over a given time period. N/A
5Y Return Annualized The average amount of money earned by an investment each year over a given time period. N/A

Distributions

Dividend Yield: N/A

Ex-Date Amount
2025-08-05 $0.5988

Technical & Trading Details

52 Week High The highest price at which a stock has traded over the past 52 weeks. 57.38
52 Week Low The lowest price at which a stock has traded over the past 52 weeks. 45.76
50-Day MA The 50-day moving average is the average closing price of a stock over the last 50 days, used to identify short-term trends. 0.0
200-Day MA The 200-day moving average is the average closing price of a stock over the last 200 days. It is often used to gauge the long-term trend of a security. 0.0

Advanced Performance & Risk

Beta A measure of a stock's volatility in relation to the overall market. A beta greater than 1 indicates the stock is more volatile than the market, while a beta less than 1 suggests it is less volatile.
N/A
Sharpe Ratio A measure of an investment's performance compared to its risk. A higher Sharpe ratio indicates a better return for the amount of risk taken.
1Y: N/A 3Y: N/A
Max Drawdown The largest single drop in the value of an investment from its peak to its lowest point during a specific period.
1Y: N/A 3Y: N/A
Sortino Ratio Similar to the Sharpe ratio, this measures risk-adjusted return but only focuses on downside risk, which is the risk of losses. A higher Sortino ratio is generally better.
Calmar Ratio A ratio that measures an investment's performance against its risk, specifically by comparing the average annual return to the maximum drawdown. A higher Calmar ratio is considered better.
CVaR 95% Conditional Value at Risk (CVaR) at a 95% confidence level. It measures the expected loss if the VaR threshold is exceeded. For instance, a CVaR of -0.0228 indicates that if the 5% worst-case threshold is crossed, the average loss is expected to be 2.28%.
Skewness A measure of the asymmetry of an investment's returns. Positive skewness suggests a higher probability of small losses and a few large gains, while negative skewness indicates a higher chance of small gains and a few large losses.

Expense Ratio

Expense Breakdown

Expense Ratio Explanation
Gross Expense Ratio
Management Fee
Acquired Fund Fees
12b-1 Fee
Other Expenses
Fee Waiver
Net Expense Ratio
0.99%

Risk Analysis

Primary Risk

Sourced from ETF's prospectus.

Leverage Risk

The risk of using borrowed money to increase potential returns. Leveraged ETFs aim to amplify the returns of an index, but this also magnifies potential losses.

Signalbloom Risk Rating

Extreme

The fund's 'Extreme' risk rating is driven by its strategy of providing leveraged (1.2x) exposure to a single, volatile technology stock (AMD). This concentration and use of leverage can lead to magnified losses and a high potential for rapid and significant capital decline.

Learn more about our risk methodology.

Diversification Status

Non-Diversified

All Disclosed Risks

The following risks have been disclosed by the fund in its prospectus.

Liquidity & Structural Risk

Underlying Liquidity Profile
AP Concentration Risk

Strategy Deep Dive

Strategy DNA

Primary Asset Class Equity
Market Cap Target Large-Cap
Equity Style/Factor Focus N/A
Primary Equity Sector Information Technology
Specific Industries Semiconductors & Semiconductor Equipment
Geographic Focus US
Portfolio Turnover Policy
Expected Turnover Rate
Fund of Funds No
Leveraged Yes
Inverse No
Target Multiple 1.2
In simple terms, how does AMDW's investment strategy work?
How exactly does AMDW get its exposure?
What are the active management decision criteria?
How often does the exposure reset?
N/A

Derivatives Use

AMDW uses derivatives for:
Leverage To Gain Investment Exposure (Replication) Income Generation (e.g., Covered Calls)

Investment Policies & Restrictions

Are there any concentration limits on how much the fund can invest in a single security or sector?
What is the fund's policy on holding illiquid investments?

Suitability & Market Scenarios

What is AMDW's primary role in a portfolio?
What is the fund manager's "edge"?
What type of investor is AMDW best suited for?
What type of investor should avoid AMDW?
What is the ideal market environment for AMDW?
What is the worst-case scenario for AMDW?

ESG & SRI Focus

Does AMDW have an ESG focus?
ESG Data Provider
Exclusion Criteria

Tax Efficiency Analysis

What is the primary tax form for AMDW?
How tax-efficient is AMDW?
Does AMDW engage in tax-loss harvesting?
What are the key tax implications for investors?

Issuer & Governance

Portfolio Management

Andrew Serowik
Since: 2025-02-01
Todd Alberico
Since: 2025-02-01
Gabriel Tan
Since: 2025-02-01
Brian Cooper
Since: 2025-02-01

Issuer Details

Investment Adviser Roundhill Financial Inc.
Legal Structure Open-End Management Investment Company (1940 Act)
Primary Exchange Cboe BZX Exchange, Inc.
Inception Date 2025-02-18
Is ETN No
ETN Issuer N/A
Trust Registrant Roundhill ETF Trust
Regulatory Framework

Service Providers

Auditor Cohen & Company Ltd.
Custodian U.S. Bank National Association
Distributor Foreside Fund Services, LLC
Transfer Agent U.S. Bancorp Fund Services, LLC

Tax Governance

Potential UBTI
Subject to Section 871(m)
What is the fund's stated concentration limit?

Disclosed Conflicts of Interest

Unusual Clauses

Securities Lending Policy

Securities Lending Active
Revenue Share to Fund
Disclosed Revenue
Time Period

Policy Summary