AVGW vs. NVDW

Last updated Aug 2, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and NVDW (Roundhill NVDA WeeklyPay ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, AVGW returned 34.76% vs 13.25% for NVDW. Their 0.53 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.99% expense ratio.

Performance

AVGW vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AVGO WeeklyPay™ ETF (AVGW) and Roundhill NVDA WeeklyPay ETF (NVDW). 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 higher than NVDW's 6.34% return.

AVGW

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

NVDW

• 1D: 3.90%
• 1M: 3.43%
• 6M: 3.83%
• YTD: 6.34%
• 1Y: 13.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.18%

*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)
AVGW Roundhill AVGO WeeklyPay™ ETF	$694.73K	$793.72K	$1.36M
NVDW Roundhill NVDA WeeklyPay ETF	$1.52M	$1.61M	$2.95M

AVGW vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	11.29%	20.48%
NVDW Roundhill NVDA WeeklyPay ETF	6.34%	8.73%

Correlation

The correlation between AVGW and NVDW is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.53

The correlation between AVGW and NVDW has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.

Return for Risk

AVGW vs. NVDW — 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

NVDW

NVDW Risk / Return Rank: 17
NVDW Sharpe Ratio Rank: 16
NVDW Sortino Ratio Rank: 19
NVDW Omega Ratio Rank: 18
NVDW Calmar Ratio Rank: 18
NVDW Martin Ratio Rank: 17

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. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AVGO WeeklyPay™ ETF (AVGW) and Roundhill NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.23	+0.34
Sortino ratio: Return per unit of downside risk	1.16	0.64	+0.52
Omega ratio: Gain probability vs. loss probability	1.14	1.07	+0.07
Calmar ratio: Return relative to maximum drawdown	0.94	0.40	+0.54
Martin ratio: Return relative to average drawdown	1.85	0.81	+1.05

AVGW vs. NVDW - Sharpe Ratio Comparison

The current AVGW Sharpe Ratio is 0.57, which is higher than the NVDW Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of AVGW and NVDW, 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. NVDW - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, which is greater than NVDW's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for AVGW and NVDW.

Drawdown Indicators

	AVGW	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-25.54%	-9.11%
Max Drawdown (1Y) Largest decline over 1 year	-34.65%	-25.54%	-9.11%
Current Drawdown Current decline from peak	-23.70%	-18.07%	-5.63%
Average Drawdown Average peak-to-trough decline	-14.04%	-9.36%	-4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.49%	12.49%	+5.00%

Volatility

AVGW vs. NVDW - Volatility Comparison

Roundhill AVGO WeeklyPay™ ETF (AVGW) has a higher volatility of 15.46% compared to Roundhill NVDA WeeklyPay ETF (NVDW) at 14.31%. This indicates that AVGW's price experiences larger fluctuations and is considered to be riskier than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGW	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.46%	14.31%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	41.21%	33.63%	+7.58%
Volatility (1Y) Calculated over the trailing 1-year period	57.08%	43.58%	+13.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.59%	42.33%	+14.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.59%	42.33%	+14.26%

AVGW vs. NVDW - Expense Ratio Comparison

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

Dividends

AVGW vs. NVDW - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 70.12%, more than NVDW's 62.58% yield.

Position	TTM	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	70.12%	31.15%
NVDW Roundhill NVDA WeeklyPay ETF	62.58%	38.94%

Frequently Asked Questions

Can I hold both AVGW and NVDW in my portfolio?

AVGW and NVDW have a correlation of 0.53, 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 NVDW?

AVGW has higher volatility (15.46%) compared to NVDW (14.31%). In terms of maximum drawdown, AVGW dropped -34.65% vs NVDW's -25.54%.

Which ETF is better, AVGW or NVDW?

On 1-year performance, AVGW leads with 34.76% vs 13.25% for NVDW. Both ETFs have the same 0.99% expense ratio. On volatility, NVDW has been the lower-risk option at 14.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGW or NVDW?

Over the 1-year period, AVGW has performed better with a 34.76% return vs 13.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGW or NVDW?

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

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

AVGW has the higher dividend yield at 70.12%, compared with 62.58% for NVDW.

Which has better risk-adjusted returns?

AVGW currently has the higher Sharpe Ratio (0.57 vs 0.23), 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.