HOOW vs. COIW

Last updated Aug 2, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and COIW (COIN WeeklyPay™ ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while COIW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, HOOW returned -24.25% vs -63.45% for COIW. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.99% expense ratio.

Performance

HOOW vs. COIW - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOW achieves a -31.68% return, which is significantly higher than COIW's -43.42% return.

HOOW

• 1D: 0.00%
• 1M: -27.79%
• 6M: -20.03%
• YTD: -31.68%
• 1Y: -24.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.81%

COIW

• 1D: -12.79%
• 1M: -14.48%
• 6M: -32.12%
• YTD: -43.42%
• 1Y: -63.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -45.26%

*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)
COIW COIN WeeklyPay™ ETF	$1.08M	$1.11M	$1.63M
HOOW Roundhill HOOD WeeklyPay ETF	$4.69M	$5.55M	$5.41M

HOOW vs. COIW - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-31.68%	52.60%
COIW COIN WeeklyPay™ ETF	-43.42%	-18.43%

Correlation

The correlation between HOOW and COIW is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.74

The correlation between HOOW and COIW has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

HOOW vs. COIW - Sectors Allocation Comparison

Sectors	HOOW	COIW
Financial Services	4.4%	6.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HOOW vs. COIW — Risk / Return Rank

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

HOOW

HOOW Risk / Return Rank: 8
HOOW Sharpe Ratio Rank: 7
HOOW Sortino Ratio Rank: 10
HOOW Omega Ratio Rank: 10
HOOW Calmar Ratio Rank: 6
HOOW Martin Ratio Rank: 6

COIW

COIW Risk / Return Rank: 1
COIW Sharpe Ratio Rank: 2
COIW Sortino Ratio Rank: 2
COIW Omega Ratio Rank: 2
COIW Calmar Ratio Rank: 0
COIW Martin Ratio Rank: 1

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.

HOOW vs. COIW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) and COIN WeeklyPay™ ETF (COIW). 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.

	HOOW	COIW	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	-0.84	+0.52
Sortino ratio: Return per unit of downside risk	0.07	-1.46	+1.52
Omega ratio: Gain probability vs. loss probability	1.01	0.84	+0.17
Calmar ratio: Return relative to maximum drawdown	-0.42	-0.99	+0.57
Martin ratio: Return relative to average drawdown	-0.68	-1.45	+0.77

HOOW vs. COIW - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is -0.32, which is higher than the COIW Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of HOOW and COIW, 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

HOOW vs. COIW - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, smaller than the maximum COIW drawdown of -75.01%. Use the drawdown chart below to compare losses from any high point for HOOW and COIW.

Drawdown Indicators

	HOOW	COIW	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-75.01%	+9.27%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-71.71%	+5.97%
Current Drawdown Current decline from peak	-53.60%	-74.38%	+20.78%
Average Drawdown Average peak-to-trough decline	-31.15%	-41.69%	+10.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.51%	49.50%	-8.99%

Volatility

HOOW vs. COIW - Volatility Comparison

The current volatility for Roundhill HOOD WeeklyPay ETF (HOOW) is 21.12%, while COIN WeeklyPay™ ETF (COIW) has a volatility of 24.54%. This indicates that HOOW experiences smaller price fluctuations and is considered to be less risky than COIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOW	COIW	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.12%	24.54%	-3.42%
Volatility (6M) Calculated over the trailing 6-month period	65.47%	66.75%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	84.98%	84.43%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.74%	90.12%	-6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.74%	90.12%	-6.38%

HOOW vs. COIW - Expense Ratio Comparison

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

Dividends

HOOW vs. COIW - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 167.55%, less than COIW's 234.53% yield.

Position	TTM	2025
COIW COIN WeeklyPay™ ETF	234.53%	120.37%
HOOW Roundhill HOOD WeeklyPay ETF	167.55%	67.92%

Frequently Asked Questions

Can I hold both HOOW and COIW in my portfolio?

HOOW and COIW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOW or COIW?

COIW has higher volatility (24.54%) compared to HOOW (21.12%). In terms of maximum drawdown, HOOW dropped -65.74% vs COIW's -75.01%.

Which ETF is better, HOOW or COIW?

On 1-year performance, HOOW leads with -24.25% vs -63.45% for COIW. Both ETFs have the same 0.99% expense ratio. On volatility, HOOW has been the lower-risk option at 21.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or COIW?

Over the 1-year period, HOOW has performed better with a -24.25% return vs -63.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or COIW?

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

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

COIW has the higher dividend yield at 234.53%, compared with 167.55% for HOOW.

What is the main difference between HOOW and COIW?

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

Which has better risk-adjusted returns?

HOOW currently has the higher Sharpe Ratio (-0.32 vs -0.84), 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.