METW vs. GXPT

Last updated Jun 24, 2026

METW (Roundhill Meta Weeklypay ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - METW tracks the Ball Metaverse Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. At a 0.47 correlation, their price movements are largely independent. METW charges 0.59%/yr vs 0.15%/yr for GXPT.

Performance

METW vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METW achieves a -19.43% return, which is significantly lower than GXPT's 16.86% return.

METW

• 1D: -0.28%
• 1M: -9.52%
• YTD: -19.43%
• 6M: -20.16%
• 1Y: -26.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPT

• 1D: -3.44%
• 1M: -0.96%
• YTD: 16.86%
• 6M: 15.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-19.43%	-9.35%
GXPT Global X PureCap MSCI Information Technology ETF	16.86%	11.47%

Correlation

The correlation between METW and GXPT is 0.47, 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 23, 2025	0.47

Return for Risk

METW vs. GXPT — Risk / Return Rank

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

METW

METW Risk / Return Rank: 4
METW Sharpe Ratio Rank: 4
METW Sortino Ratio Rank: 4
METW Omega Ratio Rank: 4
METW Calmar Ratio Rank: 4
METW Martin Ratio Rank: 3

GXPT

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

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. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) and Global X PureCap MSCI Information Technology ETF (GXPT). 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	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	—	—
Sortino ratio: Return per unit of downside risk	-0.69	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.65	—	—
Martin ratio: Return relative to average drawdown	-1.25	—	—

Drawdowns

METW vs. GXPT - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for METW and GXPT.

Drawdown Indicators

	METW	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-18.74%	-21.78%
Max Drawdown (1Y) Largest decline over 1 year	-40.52%	—	—
Current Drawdown Current decline from peak	-36.08%	-8.72%	-27.36%
Average Drawdown Average peak-to-trough decline	-18.08%	-5.04%	-13.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.11%	—	—

Volatility

Volatility by Period

	METW	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.19%	22.91%	+20.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.09%	22.91%	+20.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.09%	22.91%	+20.18%

METW vs. GXPT - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

METW vs. GXPT - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 66.02%, more than GXPT's 0.12% yield.

Position	TTM	2025
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%
METW Roundhill Meta Weeklypay ETF	66.02%	30.89%

Frequently Asked Questions

Can I hold both METW and GXPT in my portfolio?

METW and GXPT have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METW or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METW or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.59% for METW.

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

METW has the higher dividend yield at 66.02%, compared with 0.12% for GXPT.

What is the main difference between METW and GXPT?

METW tracks Ball Metaverse Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.59% for METW and 0.15% for GXPT.