AVGW vs. EDGX

Last updated Jun 4, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and EDGX (Global X U.S. 500 Income Edge ETF) are both Derivative Income funds. AVGW is actively managed, while EDGX is passively managed. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

AVGW vs. EDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AVGO WeeklyPay™ ETF (AVGW) and Global X U.S. 500 Income Edge ETF (EDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVGW

• 1D: -1.38%
• 1M: 17.30%
• YTD: 43.84%
• 6M: 27.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EDGX

• 1D: -0.49%
• 1M: 4.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGW vs. EDGX - Yearly Performance Comparison

	2026 (YTD)
AVGW Roundhill AVGO WeeklyPay™ ETF	51.57%
EDGX Global X U.S. 500 Income Edge ETF	10.16%

Correlation

The correlation between AVGW and EDGX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.61

Return for Risk

AVGW vs. EDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AVGO WeeklyPay™ ETF (AVGW) and Global X U.S. 500 Income Edge ETF (EDGX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVGW	EDGX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	3.05	-1.36

Drawdowns

AVGW vs. EDGX - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, which is greater than EDGX's maximum drawdown of -7.56%. Use the drawdown chart below to compare losses from any high point for AVGW and EDGX.

Drawdown Indicators

	AVGW	EDGX	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-7.56%	-27.09%
Current Drawdown Current decline from peak	-1.38%	-0.49%	-0.89%
Average Drawdown Average peak-to-trough decline	-12.19%	-1.50%	-10.69%

Volatility

Volatility by Period

	AVGW	EDGX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	53.65%	13.10%	+40.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.65%	13.10%	+40.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.65%	13.10%	+40.55%

Dividends

AVGW vs. EDGX - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 44.45%, more than EDGX's 2.43% yield.

Position	TTM	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	44.45%	31.15%
EDGX Global X U.S. 500 Income Edge ETF	2.43%	0.00%

Frequently Asked Questions

Can I hold both AVGW and EDGX in my portfolio?

AVGW and EDGX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

AVGW has the higher dividend yield at 44.45%, compared with 2.43% for EDGX.

What is the main difference between AVGW and EDGX?

They also come from different issuers: Roundhill and Global X.