BRKW vs. SPY

Last updated Jun 3, 2026

BRKW (Roundhill BRKB WeeklyPay ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - BRKW is a Derivative Income fund actively managed by Roundhill, while SPY is a S&P 500 fund tracking the S&P 500 Index. BRKW is actively managed, while SPY is passively managed. At a 0.11 correlation, their price movements are largely independent. BRKW charges 0.99%/yr vs 0.09%/yr for SPY.

Performance

BRKW vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BRKB WeeklyPay ETF (BRKW) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKW achieves a -8.59% return, which is significantly lower than SPY's 11.69% return.

BRKW

• 1D: 0.53%
• 1M: -0.64%
• YTD: -8.59%
• 6M: -9.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: 0.14%
• 1M: 5.40%
• YTD: 11.69%
• 6M: 12.09%
• 1Y: 29.62%
• 3Y*: 22.64%
• 5Y*: 14.20%
• 10Y*: 15.57%

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

BRKW vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025
BRKW Roundhill BRKB WeeklyPay ETF	-8.59%	2.09%
SPY State Street SPDR S&P 500 ETF	11.69%	15.13%

Correlation

The correlation between BRKW and SPY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.11

BRKW vs. SPY - Sectors Allocation Comparison

Sectors	BRKW	SPY
Financial Services	7.4%	11.8%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Cyclical	-	10.3%
Consumer Defensive	-	4.8%
Energy	-	3.6%
Healthcare	-	8.4%
Industrials	-	7.8%
Real Estate	-	1.9%
Technology	-	35.9%
Utilities	-	2.4%

Return for Risk

BRKW vs. SPY — Risk / Return Rank

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

SPY

SPY Risk / Return Rank: 75
SPY Sharpe Ratio Rank: 77
SPY Sortino Ratio Rank: 75
SPY Omega Ratio Rank: 76
SPY Calmar Ratio Rank: 68
SPY Martin Ratio Rank: 80

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.

BRKW vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BRKB WeeklyPay ETF (BRKW) and State Street SPDR S&P 500 ETF (SPY). 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

	BRKW	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.52	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	0.59	-1.00

Drawdowns

BRKW vs. SPY - Drawdown Comparison

The maximum BRKW drawdown since its inception was -12.64%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BRKW and SPY.

Drawdown Indicators

	BRKW	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-12.64%	-55.19%	+42.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-11.51%	0.00%	-11.51%
Average Drawdown Average peak-to-trough decline	-5.32%	-9.05%	+3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.91%	—

Volatility

Volatility by Period

	BRKW	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	11.81%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	17.05%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	17.94%	-0.70%

BRKW vs. SPY - Expense Ratio Comparison

BRKW has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

BRKW vs. SPY - Dividend Comparison

BRKW's dividend yield for the trailing twelve months is around 25.42%, more than SPY's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRKW Roundhill BRKB WeeklyPay ETF	25.42%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	0.97%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both BRKW and SPY in my portfolio?

BRKW and SPY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKW or SPY?

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKW or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.99% for BRKW.

Which ETF pays a higher dividend yield, BRKW or SPY?

BRKW has the higher dividend yield at 25.42%, compared with 0.97% for SPY.

What is the main difference between BRKW and SPY?

BRKW is categorized as Derivative Income, while SPY is S&P 500. They also come from different issuers: Roundhill and State Street. Their fees differ too: 0.99% for BRKW and 0.09% for SPY.