COIW vs. HOOW

Last updated Aug 4, 2026

COIW (COIN WeeklyPay™ ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both exchange-traded funds - COIW is a Derivative Income fund actively managed by Roundhill, while HOOW is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, COIW returned -63.34% vs -20.32% for HOOW. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.99% expense ratio.

Performance

COIW vs. HOOW - Performance Comparison

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

Returns By Period

In the year-to-date period, COIW achieves a -43.24% return, which is significantly lower than HOOW's -28.14% return.

COIW

• 1D: 0.31%
• 1M: -14.21%
• 6M: -28.90%
• YTD: -43.24%
• 1Y: -63.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -44.95%

HOOW

• 1D: 5.18%
• 1M: -24.05%
• 6M: -4.87%
• YTD: -28.14%
• 1Y: -20.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.54%

*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)
COIW COIN WeeklyPay™ ETF	$1.11M	$1.12M	$1.62M
HOOW Roundhill HOOD WeeklyPay ETF	$4.59M	$5.25M	$5.35M

COIW vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
COIW COIN WeeklyPay™ ETF	-43.24%	-18.43%
HOOW Roundhill HOOD WeeklyPay ETF	-28.14%	52.60%

Correlation

The correlation between COIW and HOOW is 0.75, 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.	0.75
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.74

The correlation between COIW and HOOW has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

COIW vs. HOOW - Sectors Allocation Comparison

Sectors	COIW	HOOW
Financial Services	6.0%	4.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

COIW vs. HOOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COIW

COIW Risk / Return Rank: 2
COIW Sharpe Ratio Rank: 3
COIW Sortino Ratio Rank: 3
COIW Omega Ratio Rank: 3
COIW Calmar Ratio Rank: 2
COIW Martin Ratio Rank: 2

HOOW

HOOW Risk / Return Rank: 9
HOOW Sharpe Ratio Rank: 8
HOOW Sortino Ratio Rank: 12
HOOW Omega Ratio Rank: 12
HOOW Calmar Ratio Rank: 7
HOOW Martin Ratio Rank: 8

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.

COIW vs. HOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) and Roundhill HOOD WeeklyPay ETF (HOOW). 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.

	COIW	HOOW	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	-0.24	-0.53
Sortino ratio: Return per unit of downside risk	-1.19	0.23	-1.41
Omega ratio: Gain probability vs. loss probability	0.87	1.03	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.89	-0.31	-0.58
Martin ratio: Return relative to average drawdown	-1.29	-0.50	-0.79

COIW vs. HOOW - Sharpe Ratio Comparison

The current COIW Sharpe Ratio is -0.77, which is lower than the HOOW Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of COIW and HOOW, 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

COIW vs. HOOW - Drawdown Comparison

The maximum COIW drawdown since its inception was -75.01%, which is greater than HOOW's maximum drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for COIW and HOOW.

Drawdown Indicators

	COIW	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-75.01%	-65.74%	-9.27%
Max Drawdown (1Y) Largest decline over 1 year	-71.71%	-65.74%	-5.97%
Current Drawdown Current decline from peak	-74.30%	-51.20%	-23.10%
Average Drawdown Average peak-to-trough decline	-41.78%	-31.22%	-10.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.04%	40.64%	+8.40%

Volatility

COIW vs. HOOW - Volatility Comparison

COIN WeeklyPay™ ETF (COIW) has a higher volatility of 23.92% compared to Roundhill HOOD WeeklyPay ETF (HOOW) at 21.30%. This indicates that COIW's price experiences larger fluctuations and is considered to be riskier than HOOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIW	HOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.92%	21.30%	+2.62%
Volatility (6M) Calculated over the trailing 6-month period	66.71%	65.66%	+1.05%
Volatility (1Y) Calculated over the trailing 1-year period	82.22%	85.14%	-2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.00%	83.73%	+6.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.00%	83.73%	+6.27%

COIW vs. HOOW - Expense Ratio Comparison

Both COIW and HOOW have an expense ratio of 0.99%.

Dividends

COIW vs. HOOW - Dividend Comparison

COIW's dividend yield for the trailing twelve months is around 239.32%, more than HOOW's 162.58% yield.

Position	TTM	2025
COIW COIN WeeklyPay™ ETF	239.32%	120.37%
HOOW Roundhill HOOD WeeklyPay ETF	162.58%	67.92%

Frequently Asked Questions

Can I hold both COIW and HOOW in my portfolio?

COIW and HOOW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIW or HOOW?

COIW has higher volatility (23.92%) compared to HOOW (21.30%). In terms of maximum drawdown, COIW dropped -75.01% vs HOOW's -65.74%.

Which ETF is better, COIW or HOOW?

On 1-year performance, HOOW leads with -20.32% vs -63.34% for COIW. Both ETFs have the same 0.99% expense ratio. On volatility, HOOW has been the lower-risk option at 21.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIW or HOOW?

Over the 1-year period, HOOW has performed better with a -20.32% return vs -63.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIW or HOOW?

COIW and HOOW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, COIW or HOOW?

COIW has the higher dividend yield at 239.32%, compared with 162.58% for HOOW.

What is the main difference between COIW and HOOW?

COIW is categorized as Derivative Income, while HOOW is Leveraged Equities.

Which has better risk-adjusted returns?

HOOW currently has the higher Sharpe Ratio (-0.24 vs -0.77), 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.