EDGE vs. AVGW

Last updated Jul 15, 2026

EDGE (MRBL Enhanced Equity ETF) and AVGW (Roundhill AVGO WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. EDGE charges 0.74%/yr vs 0.99%/yr for AVGW.

Performance

EDGE vs. AVGW - Performance Comparison

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

Returns By Period

In the year-to-date period, EDGE achieves a 10.80% return, which is significantly lower than AVGW's 11.87% return.

EDGE

• 1D: 0.48%
• 1M: 2.52%
• 6M: 9.23%
• YTD: 10.80%
• 1Y: 25.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVGW

• 1D: 1.84%
• 1M: 1.96%
• 6M: 8.77%
• YTD: 11.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDGE vs. AVGW - Yearly Performance Comparison

	2026 (YTD)	2025
EDGE MRBL Enhanced Equity ETF	10.80%	11.00%
AVGW Roundhill AVGO WeeklyPay™ ETF	11.87%	20.48%

Correlation

The correlation between EDGE and AVGW is 0.55, 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 Jul 24, 2025	0.55

Return for Risk

EDGE vs. AVGW — Risk / Return Rank

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

EDGE

EDGE Risk / Return Rank: 81
EDGE Sharpe Ratio Rank: 83
EDGE Sortino Ratio Rank: 81
EDGE Omega Ratio Rank: 86
EDGE Calmar Ratio Rank: 70
EDGE Martin Ratio Rank: 87

AVGW

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

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.

EDGE vs. AVGW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRBL Enhanced Equity ETF (EDGE) and Roundhill AVGO WeeklyPay™ ETF (AVGW). 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.

	EDGE	AVGW	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	2.88	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.81	—	—
Martin ratio: Return relative to average drawdown	14.41	—	—

Drawdowns

EDGE vs. AVGW - Drawdown Comparison

The maximum EDGE drawdown since its inception was -20.66%, smaller than the maximum AVGW drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for EDGE and AVGW.

Drawdown Indicators

	EDGE	AVGW	Difference
Max Drawdown Largest peak-to-trough decline	-20.66%	-34.65%	+13.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	—	—
Current Drawdown Current decline from peak	-0.42%	-23.30%	+22.88%
Average Drawdown Average peak-to-trough decline	-2.71%	-13.46%	+10.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	—	—

Volatility

Volatility by Period

	EDGE	AVGW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	56.98%	-44.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	56.98%	-41.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	56.98%	-41.10%

EDGE vs. AVGW - Expense Ratio Comparison

EDGE has a 0.74% expense ratio, which is lower than AVGW's 0.99% expense ratio.

Dividends

EDGE vs. AVGW - Dividend Comparison

EDGE has not paid dividends to shareholders, while AVGW's dividend yield for the trailing twelve months is around 66.24%.

Position	TTM	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	66.24%	31.15%
EDGE MRBL Enhanced Equity ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both EDGE and AVGW in my portfolio?

EDGE and AVGW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EDGE or AVGW?

On fees, EDGE is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EDGE or AVGW?

EDGE is cheaper with a 0.74% expense ratio, compared with 0.99% for AVGW.

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

AVGW has the higher dividend yield at 66.24%, compared with 0.00% for EDGE.

What is the main difference between EDGE and AVGW?

They also come from different issuers: MRBL and Roundhill. Their fees differ too: 0.74% for EDGE and 0.99% for AVGW.