BRKW vs. XXXX

Last updated Jun 5, 2026

BRKW (Roundhill BRKB WeeklyPay ETF) and XXXX (MAX S&P 500 4X Leveraged ETN) are both exchange-traded funds - BRKW is a Derivative Income fund actively managed by Roundhill, while XXXX is a Leveraged Equities fund tracking the S&P 500. BRKW is actively managed, while XXXX is passively managed. At a 0.10 correlation, their price movements are largely independent. BRKW charges 0.99%/yr vs 2.95%/yr for XXXX.

Performance

BRKW vs. XXXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BRKB WeeklyPay ETF (BRKW) and MAX S&P 500 4X Leveraged ETN (XXXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKW achieves a -6.96% return, which is significantly lower than XXXX's 31.29% return.

BRKW

• 1D: 0.87%
• 1M: 3.11%
• YTD: -6.96%
• 6M: -7.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XXXX

• 1D: 1.52%
• 1M: 16.66%
• YTD: 31.29%
• 6M: 27.73%
• 1Y: 90.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKW vs. XXXX - Yearly Performance Comparison

	2026 (YTD)	2025
BRKW Roundhill BRKB WeeklyPay ETF	-6.96%	2.09%
XXXX MAX S&P 500 4X Leveraged ETN	31.29%	45.23%

Correlation

The correlation between BRKW and XXXX is 0.10, 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	0.10

Return for Risk

BRKW vs. XXXX — Risk / Return Rank

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

XXXX

XXXX Risk / Return Rank: 53
XXXX Sharpe Ratio Rank: 58
XXXX Sortino Ratio Rank: 49
XXXX Omega Ratio Rank: 51
XXXX Calmar Ratio Rank: 50
XXXX Martin Ratio Rank: 55

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. XXXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BRKB WeeklyPay ETF (BRKW) and MAX S&P 500 4X Leveraged ETN (XXXX). 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	XXXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.88	-1.19

Drawdowns

BRKW vs. XXXX - Drawdown Comparison

The maximum BRKW drawdown since its inception was -12.64%, smaller than the maximum XXXX drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for BRKW and XXXX.

Drawdown Indicators

	BRKW	XXXX	Difference
Max Drawdown Largest peak-to-trough decline	-12.64%	-62.27%	+49.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-37.25%	—
Current Drawdown Current decline from peak	-9.92%	-1.40%	-8.52%
Average Drawdown Average peak-to-trough decline	-5.36%	-11.59%	+6.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.73%	—

Volatility

Volatility by Period

	BRKW	XXXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.22%	46.80%	-29.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	60.71%	-43.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	60.71%	-43.49%

BRKW vs. XXXX - Expense Ratio Comparison

BRKW has a 0.99% expense ratio, which is lower than XXXX's 2.95% expense ratio.

Dividends

BRKW vs. XXXX - Dividend Comparison

BRKW's dividend yield for the trailing twelve months is around 24.97%, while XXXX has not paid dividends to shareholders.

Position	TTM	2025
BRKW Roundhill BRKB WeeklyPay ETF	24.97%	14.45%
XXXX MAX S&P 500 4X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRKW and XXXX in my portfolio?

BRKW and XXXX have a correlation of 0.10, 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 XXXX?

On fees, BRKW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKW or XXXX?

BRKW is cheaper with a 0.99% expense ratio, compared with 2.95% for XXXX.

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

BRKW has the higher dividend yield at 24.97%, compared with 0.00% for XXXX.

What is the main difference between BRKW and XXXX?

BRKW is categorized as Derivative Income, while XXXX is Leveraged Equities. They also come from different issuers: Roundhill and Max. Their fees differ too: 0.99% for BRKW and 2.95% for XXXX.