AVGW vs. TOPW

Last updated Jul 17, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both Derivative Income funds. AVGW is actively managed, while TOPW is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

AVGW vs. TOPW - Performance Comparison

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

Returns By Period

In the year-to-date period, AVGW achieves a 6.65% return, which is significantly higher than TOPW's 2.38% return.

AVGW

• 1D: -6.06%
• 1M: -1.07%
• 6M: 7.89%
• YTD: 6.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOPW

• 1D: -1.31%
• 1M: 0.77%
• 6M: 0.41%
• YTD: 2.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGW vs. TOPW - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	6.65%	14.86%
TOPW Roundhill Top WeeklyPay ETF	2.38%	-1.33%

Correlation

The correlation between AVGW and TOPW is 0.54, 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 Sep 4, 2025	0.54

Return for Risk

AVGW vs. TOPW - Risk-Adjusted Trends Comparison

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

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

Drawdowns

AVGW vs. TOPW - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, which is greater than TOPW's maximum drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for AVGW and TOPW.

Drawdown Indicators

	AVGW	TOPW	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-29.87%	-4.78%
Current Drawdown Current decline from peak	-26.88%	-14.47%	-12.41%
Average Drawdown Average peak-to-trough decline	-13.55%	-13.31%	-0.24%

Volatility

Volatility by Period

	AVGW	TOPW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	57.12%	27.51%	+29.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.12%	27.51%	+29.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.12%	27.51%	+29.61%

AVGW vs. TOPW - Expense Ratio Comparison

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

Dividends

AVGW vs. TOPW - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 69.48%, more than TOPW's 48.21% yield.

Position	TTM	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	69.48%	31.15%
TOPW Roundhill Top WeeklyPay ETF	48.21%	21.52%

Frequently Asked Questions

Can I hold both AVGW and TOPW in my portfolio?

AVGW and TOPW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGW or TOPW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGW or TOPW?

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

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

AVGW has the higher dividend yield at 69.48%, compared with 48.21% for TOPW.

What is the main difference between AVGW and TOPW?

They also come from different issuers: Roundhill and Roundhill Investments.