GOOW vs. HOOW

Last updated Jun 4, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both exchange-traded funds - GOOW is a Derivative Income fund actively managed by Roundhill, while HOOW is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GOOW vs. HOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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, GOOW achieves a 15.42% return, which is significantly higher than HOOW's -34.08% return.

GOOW

• 1D: -0.89%
• 1M: -7.95%
• YTD: 15.42%
• 6M: 11.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOW

• 1D: -7.51%
• 1M: 8.18%
• YTD: -34.08%
• 6M: -46.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOW vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	15.42%	75.51%
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	7.01%

Correlation

The correlation between GOOW and HOOW is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.33

GOOW vs. HOOW - Sectors Allocation Comparison

Sectors	GOOW	HOOW
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	3.3%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GOOW vs. HOOW - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	GOOW	HOOW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.43	-0.04	+3.47

Drawdowns

GOOW vs. HOOW - Drawdown Comparison

The maximum GOOW drawdown since its inception was -24.88%, smaller than the maximum HOOW drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for GOOW and HOOW.

Drawdown Indicators

	GOOW	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-24.88%	-65.74%	+40.86%
Current Drawdown Current decline from peak	-13.20%	-55.23%	+42.03%
Average Drawdown Average peak-to-trough decline	-4.80%	-29.13%	+24.33%

Volatility

Volatility by Period

	GOOW	HOOW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.38%	83.86%	-46.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.38%	83.86%	-46.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.38%	83.86%	-46.48%

GOOW vs. HOOW - Expense Ratio Comparison

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

Dividends

GOOW vs. HOOW - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 35.21%, less than HOOW's 163.90% yield.

Position	TTM	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	35.21%	19.77%
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	67.92%

Frequently Asked Questions

Can I hold both GOOW and HOOW in my portfolio?

GOOW and HOOW have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOOW or HOOW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOOW or HOOW?

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

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

HOOW has the higher dividend yield at 163.90%, compared with 35.21% for GOOW.

What is the main difference between GOOW and HOOW?

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