EDGE vs. AVGW
EDGE (MRBL Enhanced Equity ETF) and AVGW (Roundhill AVGO WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. A 0.54 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
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Returns By Period
In the year-to-date period, EDGE achieves a 7.77% return, which is significantly lower than AVGW's 9.42% return.
EDGE
- 1D
- -1.30%
- 1M
- 0.06%
- YTD
- 7.77%
- 6M
- 7.50%
- 1Y
- 25.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGW
- 1D
- -3.21%
- 1M
- -10.07%
- YTD
- 9.42%
- 6M
- 8.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EDGE vs. AVGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EDGE MRBL Enhanced Equity ETF | 7.77% | 11.00% |
AVGW Roundhill AVGO WeeklyPay™ ETF | 9.42% | 20.48% |
Correlation
The correlation between EDGE and AVGW is 0.54, 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 | 0.54 |
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Return for Risk
EDGE vs. AVGW — Risk / Return Rank
EDGE
AVGW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | — | — |
| Martin ratioReturn relative to average drawdown | 14.65 | — | — |
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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.
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Drawdown Indicators
| EDGE | AVGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.66% | -34.65% | +13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | — | — |
Current DrawdownCurrent decline from peak | -1.95% | -24.98% | +23.03% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -12.73% | +9.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | — | — |
Volatility
EDGE vs. AVGW - Volatility Comparison
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Volatility by Period
| EDGE | AVGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.98% | 57.31% | -45.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 57.31% | -41.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 57.31% | -41.24% |
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 63.11%.
| Position | TTM | 2025 |
|---|---|---|
AVGW Roundhill AVGO WeeklyPay™ ETF | 63.11% | 31.15% |
EDGE MRBL Enhanced Equity ETF | 0.00% | 0.00% |
Frequently Asked Questions
EDGE and AVGW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
EDGE is cheaper with a 0.74% expense ratio, compared with 0.99% for AVGW.
AVGW has the higher dividend yield at 63.11%, compared with 0.00% for EDGE.
They also come from different issuers: MRBL and Roundhill. Their fees differ too: 0.74% for EDGE and 0.99% for AVGW.
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