GLDW vs. PAPI
Compare and contrast key facts about Roundhill Gold WeeklyPay ETF (GLDW) and Parametric Equity Premium Income ETF (PAPI).
GLDW and PAPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025. PAPI is an actively managed fund by Morgan Stanley. It was launched on Oct 16, 2023.
Performance
GLDW vs. PAPI - Performance Comparison
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GLDW vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 10.77% | 7.63% |
PAPI Parametric Equity Premium Income ETF | 8.23% | 3.30% |
Returns By Period
In the year-to-date period, GLDW achieves a 10.77% return, which is significantly higher than PAPI's 8.23% return.
GLDW
- 1D
- 1.98%
- 1M
- -13.44%
- YTD
- 10.77%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- -0.07%
- 1M
- -2.89%
- YTD
- 8.23%
- 6M
- 9.24%
- 1Y
- 11.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GLDW vs. PAPI - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Return for Risk
GLDW vs. PAPI — Risk / Return Rank
GLDW
PAPI
GLDW vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and Parametric Equity Premium Income ETF (PAPI). 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.
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Sharpe Ratios by Period
| GLDW | PAPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 1.01 | +0.28 |
Correlation
The correlation between GLDW and PAPI is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GLDW vs. PAPI - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 11.88%, more than PAPI's 7.51% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 11.88% | 3.75% | 0.00% | 0.00% |
PAPI Parametric Equity Premium Income ETF | 7.51% | 7.59% | 7.07% | 1.45% |
Drawdowns
GLDW vs. PAPI - Drawdown Comparison
The maximum GLDW drawdown since its inception was -23.59%, which is greater than PAPI's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for GLDW and PAPI.
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Drawdown Indicators
| GLDW | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -14.27% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.59% | — |
Current DrawdownCurrent decline from peak | -15.01% | -2.89% | -12.12% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -2.57% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.73% | — |
Volatility
GLDW vs. PAPI - Volatility Comparison
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Volatility by Period
| GLDW | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.16% | 14.11% | +27.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.16% | 11.95% | +29.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.16% | 11.95% | +29.21% |