GOOW vs. TSLW
GOOW (Roundhill GOOGL WeeklyPay™ ETF) and TSLW (Roundhill TSLA WeeklyPay™ ETF) are both Derivative Income funds from Roundhill. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
GOOW vs. TSLW - Performance Comparison
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Returns By Period
In the year-to-date period, GOOW achieves a 15.42% return, which is significantly higher than TSLW's -9.26% return.
GOOW
- 1D
- -0.89%
- 1M
- -7.95%
- YTD
- 15.42%
- 6M
- 11.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLW
- 1D
- -0.18%
- 1M
- 9.09%
- YTD
- -9.26%
- 6M
- -9.14%
- 1Y
- 20.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOW vs. TSLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOOW Roundhill GOOGL WeeklyPay™ ETF | 15.42% | 75.51% |
TSLW Roundhill TSLA WeeklyPay™ ETF | -9.26% | 54.77% |
Correlation
The correlation between GOOW and TSLW is 0.40, 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 | 0.40 |
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Return for Risk
GOOW vs. TSLW — Risk / Return Rank
GOOW
TSLW
GOOW vs. TSLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) and Roundhill TSLA WeeklyPay™ ETF (TSLW). 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
| GOOW | TSLW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.43 | 0.39 | +3.04 |
Drawdowns
GOOW vs. TSLW - Drawdown Comparison
The maximum GOOW drawdown since its inception was -24.88%, smaller than the maximum TSLW drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for GOOW and TSLW.
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Drawdown Indicators
| GOOW | TSLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.88% | -35.80% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.80% | — |
Current DrawdownCurrent decline from peak | -13.20% | -18.23% | +5.03% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -12.88% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.77% | — |
Volatility
GOOW vs. TSLW - Volatility Comparison
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Volatility by Period
| GOOW | TSLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.38% | 55.52% | -18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.38% | 55.52% | -18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.38% | 55.52% | -18.14% |
GOOW vs. TSLW - Expense Ratio Comparison
Both GOOW and TSLW have an expense ratio of 0.99%.
Dividends
GOOW vs. TSLW - Dividend Comparison
GOOW's dividend yield for the trailing twelve months is around 35.21%, less than TSLW's 84.61% yield.
| Position | TTM | 2025 |
|---|---|---|
GOOW Roundhill GOOGL WeeklyPay™ ETF | 35.21% | 19.77% |
TSLW Roundhill TSLA WeeklyPay™ ETF | 84.61% | 49.31% |
Frequently Asked Questions
GOOW and TSLW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GOOW and TSLW have the same expense ratio: 0.99% per year.
TSLW has the higher dividend yield at 84.61%, compared with 35.21% for GOOW.
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