HOOW vs. NVDW

Last updated Jul 17, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and NVDW (Roundhill NVDA WeeklyPay ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while NVDW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, HOOW returned -6.96% vs 18.95% for NVDW. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

HOOW vs. NVDW - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOW achieves a -12.18% return, which is significantly lower than NVDW's 10.16% return.

HOOW

• 1D: -9.53%
• 1M: 10.78%
• 6M: -9.72%
• YTD: -12.18%
• 1Y: -6.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: -2.84%
• 1M: -0.77%
• 6M: 10.02%
• YTD: 10.16%
• 1Y: 18.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOW vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-12.18%	52.60%
NVDW Roundhill NVDA WeeklyPay ETF	10.16%	32.42%

Correlation

The correlation between HOOW and NVDW is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.46

Return for Risk

HOOW vs. NVDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOOW

HOOW Risk / Return Rank: 10
HOOW Sharpe Ratio Rank: 9
HOOW Sortino Ratio Rank: 13
HOOW Omega Ratio Rank: 13
HOOW Calmar Ratio Rank: 8
HOOW Martin Ratio Rank: 8

NVDW

NVDW Risk / Return Rank: 19
NVDW Sharpe Ratio Rank: 17
NVDW Sortino Ratio Rank: 20
NVDW Omega Ratio Rank: 18
NVDW Calmar Ratio Rank: 21
NVDW Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HOOW vs. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) and Roundhill NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	0.44	-0.53
Sortino ratio: Return per unit of downside risk	0.49	0.92	-0.43
Omega ratio: Gain probability vs. loss probability	1.06	1.11	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.11	0.75	-0.85
Martin ratio: Return relative to average drawdown	-0.18	1.59	-1.77

HOOW vs. NVDW - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is -0.08, which is lower than the NVDW Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of HOOW and NVDW, 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. NVDW - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, which is greater than NVDW's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for HOOW and NVDW.

Drawdown Indicators

	HOOW	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-25.54%	-40.20%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-25.54%	-40.20%
Current Drawdown Current decline from peak	-40.36%	-15.12%	-25.24%
Average Drawdown Average peak-to-trough decline	-30.49%	-9.03%	-21.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.31%	11.92%	+27.39%

Volatility

HOOW vs. NVDW - Volatility Comparison

Roundhill HOOD WeeklyPay ETF (HOOW) has a higher volatility of 24.01% compared to Roundhill NVDA WeeklyPay ETF (NVDW) at 13.08%. This indicates that HOOW's price experiences larger fluctuations and is considered to be riskier than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOW	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.01%	13.08%	+10.93%
Volatility (6M) Calculated over the trailing 6-month period	64.40%	33.11%	+31.29%
Volatility (1Y) Calculated over the trailing 1-year period	84.21%	42.83%	+41.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.98%	42.10%	+41.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.98%	42.10%	+41.88%

HOOW vs. NVDW - Expense Ratio Comparison

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

Dividends

HOOW vs. NVDW - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 133.11%, more than NVDW's 61.17% yield.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	133.11%	67.92%
NVDW Roundhill NVDA WeeklyPay ETF	61.17%	38.94%

Frequently Asked Questions

Can I hold both HOOW and NVDW in my portfolio?

HOOW and NVDW have a correlation of 0.48, 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 NVDW?

HOOW has higher volatility (24.01%) compared to NVDW (13.08%). In terms of maximum drawdown, HOOW dropped -65.74% vs NVDW's -25.54%.

Which ETF is better, HOOW or NVDW?

On 1-year performance, NVDW leads with 18.95% vs -6.96% for HOOW. Both ETFs have the same 0.99% expense ratio. On volatility, NVDW has been the lower-risk option at 13.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or NVDW?

Over the 1-year period, NVDW has performed better with a 18.95% return vs -6.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or NVDW?

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

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

HOOW has the higher dividend yield at 133.11%, compared with 61.17% for NVDW.

What is the main difference between HOOW and NVDW?

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

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (0.44 vs -0.08), 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.