GOOW vs. AAPW

Last updated Aug 2, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and AAPW (AAPL WeeklyPay™ ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, GOOW returned 103.29% vs 58.46% for AAPW. Their 0.28 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

GOOW vs. AAPW - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with GOOW having a 13.56% return and AAPW slightly higher at 13.61%.

GOOW

• 1D: 7.98%
• 1M: -1.82%
• 6M: 3.91%
• YTD: 13.56%
• 1Y: 103.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 92.03%

AAPW

• 1D: -9.01%
• 1M: -0.20%
• 6M: 20.72%
• YTD: 13.61%
• 1Y: 58.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.75%

*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)
AAPW AAPL WeeklyPay™ ETF	$894.45K	$758.50K	$696.98K
GOOW Roundhill GOOGL WeeklyPay™ ETF	$1.99M	$1.77M	$2.25M

GOOW vs. AAPW - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	13.56%	71.16%
AAPW AAPL WeeklyPay™ ETF	13.61%	30.43%

Correlation

The correlation between GOOW and AAPW is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.28

GOOW vs. AAPW - Sectors Allocation Comparison

Sectors	GOOW	AAPW
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	12.5%
Utilities	-	-

Return for Risk

GOOW vs. AAPW — Risk / Return Rank

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

GOOW

GOOW Risk / Return Rank: 90
GOOW Sharpe Ratio Rank: 94
GOOW Sortino Ratio Rank: 92
GOOW Omega Ratio Rank: 90
GOOW Calmar Ratio Rank: 91
GOOW Martin Ratio Rank: 82

AAPW

AAPW Risk / Return Rank: 74
AAPW Sharpe Ratio Rank: 76
AAPW Sortino Ratio Rank: 72
AAPW Omega Ratio Rank: 75
AAPW Calmar Ratio Rank: 84
AAPW Martin Ratio Rank: 62

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.

GOOW vs. AAPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) and AAPL WeeklyPay™ ETF (AAPW). 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.

	GOOW	AAPW	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.72	+0.82
Sortino ratio: Return per unit of downside risk	3.43	2.31	+1.12
Omega ratio: Gain probability vs. loss probability	1.42	1.31	+0.11
Calmar ratio: Return relative to maximum drawdown	3.95	3.12	+0.83
Martin ratio: Return relative to average drawdown	10.85	7.43	+3.42

GOOW vs. AAPW - Sharpe Ratio Comparison

The current GOOW Sharpe Ratio is 2.54, which is higher than the AAPW Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of GOOW and AAPW, 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

GOOW vs. AAPW - Drawdown Comparison

The maximum GOOW drawdown since its inception was -25.44%, smaller than the maximum AAPW drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for GOOW and AAPW.

Drawdown Indicators

	GOOW	AAPW	Difference
Max Drawdown Largest peak-to-trough decline	-25.44%	-36.28%	+10.84%
Max Drawdown (1Y) Largest decline over 1 year	-25.44%	-17.36%	-8.08%
Current Drawdown Current decline from peak	-14.60%	-11.01%	-3.59%
Average Drawdown Average peak-to-trough decline	-6.41%	-10.44%	+4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.24%	7.28%	+1.96%

Volatility

GOOW vs. AAPW - Volatility Comparison

Roundhill GOOGL WeeklyPay™ ETF (GOOW) has a higher volatility of 15.50% compared to AAPL WeeklyPay™ ETF (AAPW) at 14.00%. This indicates that GOOW's price experiences larger fluctuations and is considered to be riskier than AAPW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOW	AAPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.50%	14.00%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	30.46%	24.81%	+5.65%
Volatility (1Y) Calculated over the trailing 1-year period	39.64%	31.52%	+8.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.39%	35.68%	+3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.39%	35.68%	+3.71%

GOOW vs. AAPW - Expense Ratio Comparison

Both GOOW and AAPW have an expense ratio of 0.99%.

Dividends

GOOW vs. AAPW - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 42.80%, more than AAPW's 30.47% yield.

Position	TTM	2025
AAPW AAPL WeeklyPay™ ETF	30.47%	28.83%
GOOW Roundhill GOOGL WeeklyPay™ ETF	42.80%	19.77%

Frequently Asked Questions

Can I hold both GOOW and AAPW in my portfolio?

GOOW and AAPW have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOW or AAPW?

GOOW has higher volatility (15.50%) compared to AAPW (14.00%). In terms of maximum drawdown, GOOW dropped -25.44% vs AAPW's -36.28%.

Which ETF is better, GOOW or AAPW?

On 1-year performance, GOOW leads with 103.29% vs 58.46% for AAPW. Both ETFs have the same 0.99% expense ratio. On volatility, AAPW has been the lower-risk option at 14.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOW or AAPW?

Over the 1-year period, GOOW has performed better with a 103.29% return vs 58.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOW or AAPW?

GOOW and AAPW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, GOOW or AAPW?

GOOW has the higher dividend yield at 42.80%, compared with 30.47% for AAPW.

Which has better risk-adjusted returns?

GOOW currently has the higher Sharpe Ratio (2.54 vs 1.72), 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.