AVGW vs. AAPW

Last updated Aug 2, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and AAPW (AAPL WeeklyPay™ ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, AVGW returned 34.76% vs 58.46% for AAPW. Their 0.16 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

AVGW vs. AAPW - Performance Comparison

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

Returns By Period

In the year-to-date period, AVGW achieves a 11.29% return, which is significantly lower than AAPW's 13.61% return.

AVGW

• 1D: 0.15%
• 1M: 8.69%
• 6M: 17.62%
• YTD: 11.29%
• 1Y: 34.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.37%

AAPW

• 1D: -9.01%
• 1M: -0.20%
• 6M: 20.72%
• YTD: 13.61%
• 1Y: 58.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.75%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAPW AAPL WeeklyPay™ ETF	$894.45K	$758.50K	$696.98K
AVGW Roundhill AVGO WeeklyPay™ ETF	$694.73K	$793.72K	$1.36M

AVGW vs. AAPW - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	11.29%	20.48%
AAPW AAPL WeeklyPay™ ETF	13.61%	30.43%

Correlation

The correlation between AVGW and AAPW is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.16

AVGW vs. AAPW - Sectors Allocation Comparison

Sectors	AVGW	AAPW
Technology	21.8%	12.5%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AVGW vs. AAPW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AVGW

AVGW Risk / Return Rank: 28
AVGW Sharpe Ratio Rank: 25
AVGW Sortino Ratio Rank: 30
AVGW Omega Ratio Rank: 30
AVGW Calmar Ratio Rank: 28
AVGW Martin Ratio Rank: 24

AAPW

AAPW Risk / Return Rank: 74
AAPW Sharpe Ratio Rank: 76
AAPW Sortino Ratio Rank: 72
AAPW Omega Ratio Rank: 75
AAPW Calmar Ratio Rank: 84
AAPW Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AVGW vs. AAPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AVGO WeeklyPay™ ETF (AVGW) and AAPL WeeklyPay™ ETF (AAPW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVGW	AAPW	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.72	-1.15
Sortino ratio: Return per unit of downside risk	1.16	2.31	-1.15
Omega ratio: Gain probability vs. loss probability	1.14	1.31	-0.17
Calmar ratio: Return relative to maximum drawdown	0.94	3.12	-2.18
Martin ratio: Return relative to average drawdown	1.85	7.43	-5.58

AVGW vs. AAPW - Sharpe Ratio Comparison

The current AVGW Sharpe Ratio is 0.57, which is lower than the AAPW Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of AVGW and AAPW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVGW vs. AAPW - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, roughly equal to the maximum AAPW drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for AVGW and AAPW.

Drawdown Indicators

	AVGW	AAPW	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-36.28%	+1.63%
Max Drawdown (1Y) Largest decline over 1 year	-34.65%	-17.36%	-17.29%
Current Drawdown Current decline from peak	-23.70%	-11.01%	-12.69%
Average Drawdown Average peak-to-trough decline	-14.04%	-10.44%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.49%	7.28%	+10.21%

Volatility

AVGW vs. AAPW - Volatility Comparison

Roundhill AVGO WeeklyPay™ ETF (AVGW) has a higher volatility of 15.46% compared to AAPL WeeklyPay™ ETF (AAPW) at 14.00%. This indicates that AVGW's price experiences larger fluctuations and is considered to be riskier than AAPW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGW	AAPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.46%	14.00%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	41.21%	24.81%	+16.40%
Volatility (1Y) Calculated over the trailing 1-year period	57.08%	31.52%	+25.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.59%	35.68%	+20.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.59%	35.68%	+20.91%

AVGW vs. AAPW - Expense Ratio Comparison

Both AVGW and AAPW have an expense ratio of 0.99%.

Dividends

AVGW vs. AAPW - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 70.12%, more than AAPW's 30.47% yield.

Position	TTM	2025
AAPW AAPL WeeklyPay™ ETF	30.47%	28.83%
AVGW Roundhill AVGO WeeklyPay™ ETF	70.12%	31.15%

Frequently Asked Questions

Can I hold both AVGW and AAPW in my portfolio?

AVGW and AAPW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGW or AAPW?

AVGW has higher volatility (15.46%) compared to AAPW (14.00%). In terms of maximum drawdown, AVGW dropped -34.65% vs AAPW's -36.28%.

Which ETF is better, AVGW or AAPW?

On 1-year performance, AAPW leads with 58.46% vs 34.76% for AVGW. Both ETFs have the same 0.99% expense ratio. On volatility, AAPW has been the lower-risk option at 14.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGW or AAPW?

Over the 1-year period, AAPW has performed better with a 58.46% return vs 34.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGW or AAPW?

AVGW and AAPW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, AVGW or AAPW?

AVGW has the higher dividend yield at 70.12%, compared with 30.47% for AAPW.

Which has better risk-adjusted returns?

AAPW currently has the higher Sharpe Ratio (1.72 vs 0.57), 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.