METV vs. TOPW

Last updated Aug 5, 2026

METV (Roundhill Ball Metaverse ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both exchange-traded funds - METV is a Technology Equities fund tracking the Ball Metaverse Index - Benchmark TR Net, while TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index. Both are passively managed. Their correlation of 0.83 means they have usually moved in the same direction. METV charges 0.75%/yr vs 0.99%/yr for TOPW.

Performance

METV vs. TOPW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ball Metaverse ETF (METV) and Roundhill Top WeeklyPay ETF (TOPW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METV achieves a 1.19% return, which is significantly lower than TOPW's 5.82% return.

METV

• 1D: 2.00%
• 1M: 1.46%
• 6M: 9.40%
• YTD: 1.19%
• 1Y: 4.54%
• 3Y*: 22.55%
• 5Y*: 5.32%
• 10Y*: —
• ALL TIME*: 4.73%

TOPW

• 1D: 1.82%
• 1M: 7.93%
• 6M: 11.28%
• YTD: 5.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
METV Roundhill Ball Metaverse ETF	$763.15K	$886.46K	$952.24K
TOPW Roundhill Top WeeklyPay ETF	$1.91M	$2.27M	$2.71M

METV vs. TOPW - Yearly Performance Comparison

	2026 (YTD)	2025
METV Roundhill Ball Metaverse ETF	1.19%	-2.97%
TOPW Roundhill Top WeeklyPay ETF	5.82%	-1.33%

Correlation

The correlation between METV and TOPW is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025	0.83

Return for Risk

METV vs. TOPW — Risk / Return Rank

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

METV

METV Risk / Return Rank: 13
METV Sharpe Ratio Rank: 14
METV Sortino Ratio Rank: 14
METV Omega Ratio Rank: 14
METV Calmar Ratio Rank: 12
METV Martin Ratio Rank: 13

TOPW

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

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.

METV vs. TOPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ball Metaverse ETF (METV) and Roundhill Top WeeklyPay ETF (TOPW). 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.

	METV	TOPW	Difference
Sharpe ratio: Return per unit of total volatility	0.18	—	—
Sortino ratio: Return per unit of downside risk	0.42	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.16	—	—
Martin ratio: Return relative to average drawdown	0.34	—	—

Drawdowns

METV vs. TOPW - Drawdown Comparison

The maximum METV drawdown since its inception was -59.64%, which is greater than TOPW's maximum drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for METV and TOPW.

Drawdown Indicators

	METV	TOPW	Difference
Max Drawdown Largest peak-to-trough decline	-59.64%	-29.87%	-29.77%
Max Drawdown (1Y) Largest decline over 1 year	-28.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.64%	—	—
Current Drawdown Current decline from peak	-10.50%	-11.59%	+1.09%
Average Drawdown Average peak-to-trough decline	-25.55%	-13.52%	-12.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.37%	—	—

Volatility

Volatility by Period

	METV	TOPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.39%	27.84%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.11%	27.84%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	27.84%	+2.05%

METV vs. TOPW - Expense Ratio Comparison

METV has a 0.75% expense ratio, which is lower than TOPW's 0.99% expense ratio.

Dividends

METV vs. TOPW - Dividend Comparison

METV's dividend yield for the trailing twelve months is around 0.18%, less than TOPW's 49.81% yield.

Position	TTM	2025	2024	2023	2022
METV Roundhill Ball Metaverse ETF	0.18%	0.18%	0.00%	0.17%	0.09%
TOPW Roundhill Top WeeklyPay ETF	49.81%	21.52%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both METV and TOPW in my portfolio?

METV and TOPW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METV or TOPW?

On fees, METV is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METV or TOPW?

METV is cheaper with a 0.75% expense ratio, compared with 0.99% for TOPW.

Which ETF pays a higher dividend yield, METV or TOPW?

TOPW has the higher dividend yield at 49.81%, compared with 0.18% for METV.

What is the main difference between METV and TOPW?

METV is categorized as Technology Equities, while TOPW is Derivative Income. METV tracks Ball Metaverse Index - Benchmark TR Net, while TOPW tracks Solactive Roundhill WeeklyPay Universe Index. Their fees differ too: 0.75% for METV and 0.99% for TOPW.