METW vs. ASMH

Last updated Jul 17, 2026

METW (Roundhill Meta Weeklypay ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both Technology Equities funds - METW tracks the Ball Metaverse Index while ASMH tracks the ASML Holding NV Sponsored ADR. Both are passively managed. Over the past year, METW returned -11.12% vs 143.52% for ASMH. At a 0.29 correlation, their price movements are largely independent. METW charges 0.59%/yr vs 0.19%/yr for ASMH.

Performance

METW vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METW achieves a -2.29% return, which is significantly lower than ASMH's 71.44% return.

METW

• 1D: -3.04%
• 1M: 12.30%
• 6M: 5.60%
• YTD: -2.29%
• 1Y: -11.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMH

• 1D: -2.11%
• 1M: 0.25%
• 6M: 36.58%
• YTD: 71.44%
• 1Y: 143.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-2.29%	-9.14%
ASMH ASML Holding NV ADR Hedged ETF	71.44%	39.41%

Correlation

The correlation between METW and ASMH is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.29

Return for Risk

METW vs. ASMH — Risk / Return Rank

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

METW

METW Risk / Return Rank: 7
METW Sharpe Ratio Rank: 7
METW Sortino Ratio Rank: 8
METW Omega Ratio Rank: 8
METW Calmar Ratio Rank: 7
METW Martin Ratio Rank: 7

ASMH

ASMH Risk / Return Rank: 95
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 89
ASMH Calmar Ratio Rank: 98
ASMH Martin Ratio Rank: 96

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.

METW vs. ASMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) and ASML Holding NV ADR Hedged ETF (ASMH). 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.

	METW	ASMH	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	3.37	-3.61
Sortino ratio: Return per unit of downside risk	-0.04	3.73	-3.76
Omega ratio: Gain probability vs. loss probability	0.99	1.45	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.28	9.79	-10.06
Martin ratio: Return relative to average drawdown	-0.50	28.17	-28.67

METW vs. ASMH - Sharpe Ratio Comparison

The current METW Sharpe Ratio is -0.24, which is lower than the ASMH Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of METW and ASMH, 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

METW vs. ASMH - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than ASMH's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for METW and ASMH.

Drawdown Indicators

	METW	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-15.89%	-24.63%
Max Drawdown (1Y) Largest decline over 1 year	-40.52%	-14.75%	-25.77%
Current Drawdown Current decline from peak	-22.47%	-10.51%	-11.96%
Average Drawdown Average peak-to-trough decline	-18.77%	-4.41%	-14.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.42%	5.17%	+17.25%

Volatility

METW vs. ASMH - Volatility Comparison

Roundhill Meta Weeklypay ETF (METW) and ASML Holding NV ADR Hedged ETF (ASMH) have volatilities of 18.87% and 18.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METW	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.87%	18.11%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	37.21%	34.14%	+3.07%
Volatility (1Y) Calculated over the trailing 1-year period	46.05%	43.78%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.04%	41.26%	+3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.04%	41.26%	+3.78%

METW vs. ASMH - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is higher than ASMH's 0.19% expense ratio.

Dividends

METW vs. ASMH - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 53.86%, more than ASMH's 1.63% yield.

Position	TTM	2025
ASMH ASML Holding NV ADR Hedged ETF	1.63%	0.19%
METW Roundhill Meta Weeklypay ETF	53.86%	30.89%

Frequently Asked Questions

Can I hold both METW and ASMH in my portfolio?

METW and ASMH have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METW or ASMH?

METW has higher volatility (18.87%) compared to ASMH (18.11%). In terms of maximum drawdown, METW dropped -40.52% vs ASMH's -15.89%.

Which ETF is better, METW or ASMH?

On 1-year performance, ASMH leads with 143.52% vs -11.12% for METW. On fees, ASMH is cheaper at 0.19% per year. On volatility, ASMH has been the lower-risk option at 18.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METW or ASMH?

Over the 1-year period, ASMH has performed better with a 143.52% return vs -11.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METW or ASMH?

ASMH is cheaper with a 0.19% expense ratio, compared with 0.59% for METW.

Which ETF pays a higher dividend yield, METW or ASMH?

METW has the higher dividend yield at 53.86%, compared with 1.63% for ASMH.

What is the main difference between METW and ASMH?

METW tracks Ball Metaverse Index, while ASMH tracks ASML Holding NV Sponsored ADR. They also come from different issuers: Roundhill and Precidian Funds. Their fees differ too: 0.59% for METW and 0.19% for ASMH.

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.37 vs -0.24), 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.