BRKW vs. XPAY

Last updated Jul 18, 2026

BRKW (Roundhill BRKB WeeklyPay ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, BRKW returned 0.45% vs 18.82% for XPAY. At a 0.08 correlation, their price movements are largely independent. BRKW charges 0.99%/yr vs 0.49%/yr for XPAY.

Performance

BRKW vs. XPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BRKB WeeklyPay ETF (BRKW) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKW achieves a -4.63% return, which is significantly lower than XPAY's 9.25% return.

BRKW

• 1D: -0.28%
• 1M: -0.22%
• 6M: -2.21%
• YTD: -4.63%
• 1Y: 0.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XPAY

• 1D: -1.00%
• 1M: 0.48%
• 6M: 7.76%
• YTD: 9.25%
• 1Y: 18.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKW vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025
BRKW Roundhill BRKB WeeklyPay ETF	-4.63%	1.85%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	9.25%	14.46%

Correlation

The correlation between BRKW and XPAY is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.08

BRKW vs. XPAY - Sectors Allocation Comparison

Sectors	BRKW	XPAY
Financial Services	7.8%	11.1%
Basic Materials	-	1.7%
Communication Services	-	10.6%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Technology	-	39.0%
Utilities	-	2.1%

Return for Risk

BRKW vs. XPAY — Risk / Return Rank

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

BRKW

BRKW Risk / Return Rank: 10
BRKW Sharpe Ratio Rank: 10
BRKW Sortino Ratio Rank: 10
BRKW Omega Ratio Rank: 10
BRKW Calmar Ratio Rank: 10
BRKW Martin Ratio Rank: 10

XPAY

XPAY Risk / Return Rank: 56
XPAY Sharpe Ratio Rank: 56
XPAY Sortino Ratio Rank: 54
XPAY Omega Ratio Rank: 55
XPAY Calmar Ratio Rank: 49
XPAY Martin Ratio Rank: 63

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. XPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BRKB WeeklyPay ETF (BRKW) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). 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.

	BRKW	XPAY	Difference
Sharpe ratio: Return per unit of total volatility	0.03	1.52	-1.49
Sortino ratio: Return per unit of downside risk	0.16	2.11	-1.95
Omega ratio: Gain probability vs. loss probability	1.02	1.27	-0.26
Calmar ratio: Return relative to maximum drawdown	0.04	2.03	-1.99
Martin ratio: Return relative to average drawdown	0.07	8.78	-8.70

BRKW vs. XPAY - Sharpe Ratio Comparison

The current BRKW Sharpe Ratio is 0.03, which is lower than the XPAY Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of BRKW and XPAY, 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

BRKW vs. XPAY - Drawdown Comparison

The maximum BRKW drawdown since its inception was -12.64%, smaller than the maximum XPAY drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for BRKW and XPAY.

Drawdown Indicators

	BRKW	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-12.64%	-18.20%	+5.56%
Max Drawdown (1Y) Largest decline over 1 year	-12.64%	-9.34%	-3.30%
Current Drawdown Current decline from peak	-7.67%	-2.09%	-5.58%
Average Drawdown Average peak-to-trough decline	-5.51%	-2.34%	-3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.34%	2.15%	+4.19%

Volatility

BRKW vs. XPAY - Volatility Comparison

Roundhill BRKB WeeklyPay ETF (BRKW) has a higher volatility of 5.21% compared to Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) at 3.46%. This indicates that BRKW's price experiences larger fluctuations and is considered to be riskier than XPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKW	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	3.46%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	13.23%	9.87%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	17.23%	12.45%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	16.62%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	16.62%	+0.60%

BRKW vs. XPAY - Expense Ratio Comparison

BRKW has a 0.99% expense ratio, which is higher than XPAY's 0.49% expense ratio.

Dividends

BRKW vs. XPAY - Dividend Comparison

BRKW's dividend yield for the trailing twelve months is around 25.38%, more than XPAY's 21.17% yield.

Position	TTM	2025	2024
BRKW Roundhill BRKB WeeklyPay ETF	25.38%	14.45%	0.00%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	21.17%	21.21%	3.40%

Frequently Asked Questions

Can I hold both BRKW and XPAY in my portfolio?

BRKW and XPAY have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKW or XPAY?

BRKW has higher volatility (5.21%) compared to XPAY (3.46%). In terms of maximum drawdown, BRKW dropped -12.64% vs XPAY's -18.20%.

Which ETF is better, BRKW or XPAY?

On 1-year performance, XPAY leads with 18.82% vs 0.45% for BRKW. On fees, XPAY is cheaper at 0.49% per year. On volatility, XPAY has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKW or XPAY?

Over the 1-year period, XPAY has performed better with a 18.82% return vs 0.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKW or XPAY?

XPAY is cheaper with a 0.49% expense ratio, compared with 0.99% for BRKW.

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

BRKW has the higher dividend yield at 25.38%, compared with 21.17% for XPAY.

What is the main difference between BRKW and XPAY?

Their fees differ too: 0.99% for BRKW and 0.49% for XPAY.

Which has better risk-adjusted returns?

XPAY currently has the higher Sharpe Ratio (1.52 vs 0.03), 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.