AAPW vs. AAPL

Last updated Jun 4, 2026

AAPW (AAPL WeeklyPay™ ETF) is Derivative Income fund actively managed by Roundhill, while AAPL (Apple Inc) is a stock. Over the past year, AAPW returned 59.54% vs 53.24% for AAPL. With a 0.96 correlation, they move nearly in lockstep.

Performance

AAPW vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAPL WeeklyPay™ ETF (AAPW) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPW achieves a 15.21% return, which is significantly higher than AAPL's 14.34% return.

AAPW

• 1D: -1.85%
• 1M: 14.30%
• YTD: 15.21%
• 6M: 9.47%
• 1Y: 59.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPL

• 1D: -1.57%
• 1M: 12.18%
• YTD: 14.34%
• 6M: 9.39%
• 1Y: 53.24%
• 3Y*: 20.25%
• 5Y*: 20.38%
• 10Y*: 30.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPW vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025
AAPW AAPL WeeklyPay™ ETF	15.21%	8.56%
AAPL Apple Inc	14.34%	11.40%

Correlation

The correlation between AAPW and AAPL is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.96

The correlation between AAPW and AAPL has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

AAPW vs. AAPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPW

AAPW Risk / Return Rank: 62
AAPW Sharpe Ratio Rank: 64
AAPW Sortino Ratio Rank: 64
AAPW Omega Ratio Rank: 62
AAPW Calmar Ratio Rank: 69
AAPW Martin Ratio Rank: 51

AAPL

AAPL Risk / Return Rank: 89
AAPL Sharpe Ratio Rank: 91
AAPL Sortino Ratio Rank: 91
AAPL Omega Ratio Rank: 89
AAPL Calmar Ratio Rank: 87
AAPL Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAPW vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAPL WeeklyPay™ ETF (AAPW) and Apple Inc (AAPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AAPW	AAPL	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.40	-0.23
Sortino ratio: Return per unit of downside risk	3.01	3.36	-0.36
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	3.45	3.88	-0.43
Martin ratio: Return relative to average drawdown	8.65	9.76	-1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAPW vs. AAPL - Sharpe Ratio Comparison

The current AAPW Sharpe Ratio is 2.17, which is comparable to the AAPL Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of AAPW and AAPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AAPW	AAPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.40	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.44	+0.11

Drawdowns

AAPW vs. AAPL - Drawdown Comparison

The maximum AAPW drawdown since its inception was -36.28%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for AAPW and AAPL.

Drawdown Indicators

	AAPW	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-36.28%	-81.80%	+45.52%
Max Drawdown (1Y) Largest decline over 1 year	-17.36%	-13.80%	-3.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.52%	—
Current Drawdown Current decline from peak	-1.85%	-1.57%	-0.28%
Average Drawdown Average peak-to-trough decline	-11.18%	-29.61%	+18.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.91%	5.47%	+1.44%

Volatility

AAPW vs. AAPL - Volatility Comparison

AAPL WeeklyPay™ ETF (AAPW) has a higher volatility of 6.61% compared to Apple Inc (AAPL) at 5.46%. This indicates that AAPW's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPW	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	5.46%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	19.54%	15.91%	+3.63%
Volatility (1Y) Calculated over the trailing 1-year period	27.56%	22.32%	+5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.72%	27.46%	+7.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.72%	28.89%	+5.83%

Dividends

AAPW vs. AAPL - Dividend Comparison

AAPW's dividend yield for the trailing twelve months is around 31.37%, more than AAPL's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.34%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
AAPW AAPL WeeklyPay™ ETF	31.37%	28.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAPW and AAPL in my portfolio?

With a correlation of 0.96, AAPW and AAPL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AAPW or AAPL?

AAPW has higher volatility (6.61%) compared to AAPL (5.46%). In terms of maximum drawdown, AAPW dropped -36.28% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

AAPL currently has the higher Sharpe Ratio (2.40 vs 2.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.