Roundhill Top WeeklyPay ETF (TOPW) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TOPW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TOPW
TOPW charges 0.99% annually. There are 145 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.28M | Nov 2024 | TOPW vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | TOPW vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | TOPW vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | TOPW vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 352.13M | Dec 2007 | TOPW vs PBP |
Best Risk-Adjusted Alternatives to TOPW
Among 168 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | TOPW vs THTA | |
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | TOPW vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 94 | 443.39M | Sep 2023 | TOPW vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | TOPW vs GOOY | |
| Simplify Treasury Option Income ETF | 93 | 474.96M | Oct 2022 | TOPW vs BUCK |
Top Performing TOPW Alternatives (YTD)
TOPW is at 2.32% YTD. There are 146 ETFs in the Derivative Income category with higher YTD returns, going as high as 239.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 239.89% | 27.86M | Oct 2025 | TOPW vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 200.34% | 116.76M | Jul 2025 | TOPW vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 117.25% | 443.39M | Sep 2023 | TOPW vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 92.61% | 127.56M | Oct 2023 | TOPW vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 79.25% | 1.16B | Apr 2025 | TOPW vs CHPY |
Lowest Volatility Alternatives to TOPW
TOPW has 27.62% 1-year volatility. There are 180 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.87%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.87% | 474.96M | Oct 2022 | TOPW vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.47% | 206.17M | Apr 2026 | TOPW vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.85% | 88.48M | Feb 2025 | TOPW vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.26B | Dec 2015 | TOPW vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.14% | 726.94K | May 2026 | TOPW vs FIYY |
Lowest Drawdown Alternatives to TOPW
Among 168 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 474.96M | Oct 2022 | TOPW vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | TOPW vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | Dec 2015 | TOPW vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | TOPW vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | TOPW vs OMAH |
Other ETFs from Roundhill Investments
The 5 most viewed Roundhill Investments ETFs shown here include METV, NERD, BETZ and span 6 categories. AUM among these funds goes as high as $219M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Roundhill Ball Metaverse ETF | Technology Equities | 16 | 2.18% | 219.47M | Jun 2021 | TOPW vs METV | |
| Roundhill Video Games ETF | Gaming | 3 | -14.16% | 14.52M | Jun 2019 | TOPW vs NERD | |
| Roundhill Sports Betting & iGaming ETF | Consumer Discretionary Equities, Gaming | 4 | -7.10% | 51.23M | Jun 2020 | TOPW vs BETZ | |
| Roundhill UNH WeeklyPay ETF | Leveraged Equities, Derivative Income, Health & Biotech Equities | — | 32.77% | 6.01M | Dec 2025 | TOPW vs UNHW | |
| Roundhill BABA WeeklyPay ETF | Derivative Income | — | -28.96% | — | Oct 2025 | TOPW vs BABW |
Often Compared With TOPW
Investors most often compare TOPW with TSMY, QQQ, CRSH. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare TOPW with Any Fund or Stock
Compare TOPW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TOPW with funds that move differently
Roundhill Top WeeklyPay ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TOPW.
Explore TOPW Diversifiers