METW vs. HOOY

Last updated Jul 31, 2026

METW (Roundhill Meta Weeklypay ETF) and HOOY (YieldMax HOOD Option Income Strategy ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while HOOY is a Derivative Income fund actively managed by YieldMax. METW is passively managed, while HOOY is actively managed. Over the past year, METW returned -30.62% vs -20.08% for HOOY. Their 0.37 correlation means their historical movements had little consistent relationship. METW charges 0.59%/yr vs 0.99%/yr for HOOY.

Performance

METW vs. HOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) and YieldMax HOOD Option Income Strategy ETF (HOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METW achieves a -24.27% return, which is significantly lower than HOOY's -19.64% return.

METW

• 1D: -9.41%
• 1M: -6.14%
• 6M: -33.44%
• YTD: -24.27%
• 1Y: -30.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -28.50%

HOOY

• 1D: -3.34%
• 1M: -12.88%
• 6M: -13.19%
• YTD: -19.64%
• 1Y: -20.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.35%

*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)
HOOY YieldMax HOOD Option Income Strategy ETF	$4.72M	$4.93M	$3.98M
METW Roundhill Meta Weeklypay ETF	$373.93K	$425.63K	$520.64K

METW vs. HOOY - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-24.27%	-9.14%
HOOY YieldMax HOOD Option Income Strategy ETF	-19.64%	30.16%

Correlation

The correlation between METW and HOOY is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.37

Return for Risk

METW vs. HOOY — Risk / Return Rank

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

METW

METW Risk / Return Rank: 3
METW Sharpe Ratio Rank: 4
METW Sortino Ratio Rank: 4
METW Omega Ratio Rank: 4
METW Calmar Ratio Rank: 3
METW Martin Ratio Rank: 2

HOOY

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

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.

METW vs. HOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) and YieldMax HOOD Option Income Strategy ETF (HOOY). 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	HOOY	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	-0.35	-0.30
Sortino ratio: Return per unit of downside risk	-0.76	-0.15	-0.61
Omega ratio: Gain probability vs. loss probability	0.90	0.98	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.76	-0.39	-0.37
Martin ratio: Return relative to average drawdown	-1.32	-0.65	-0.67

METW vs. HOOY - Sharpe Ratio Comparison

The current METW Sharpe Ratio is -0.65, which is lower than the HOOY Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of METW and HOOY, 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. HOOY - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, smaller than the maximum HOOY drawdown of -51.54%. Use the drawdown chart below to compare losses from any high point for METW and HOOY.

Drawdown Indicators

	METW	HOOY	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-51.54%	+11.02%
Max Drawdown (1Y) Largest decline over 1 year	-40.52%	-51.54%	+11.02%
Current Drawdown Current decline from peak	-39.91%	-40.12%	+0.21%
Average Drawdown Average peak-to-trough decline	-19.19%	-21.52%	+2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.24%	30.85%	-7.61%

Volatility

METW vs. HOOY - Volatility Comparison

Roundhill Meta Weeklypay ETF (METW) has a higher volatility of 20.64% compared to YieldMax HOOD Option Income Strategy ETF (HOOY) at 16.47%. This indicates that METW's price experiences larger fluctuations and is considered to be riskier than HOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METW	HOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.64%	16.47%	+4.17%
Volatility (6M) Calculated over the trailing 6-month period	38.03%	44.45%	-6.42%
Volatility (1Y) Calculated over the trailing 1-year period	47.28%	57.16%	-9.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.55%	54.66%	-9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.55%	54.66%	-9.11%

METW vs. HOOY - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is lower than HOOY's 0.99% expense ratio.

Dividends

METW vs. HOOY - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 68.04%, less than HOOY's 149.65% yield.

Position	TTM	2025
HOOY YieldMax HOOD Option Income Strategy ETF	149.65%	82.87%
METW Roundhill Meta Weeklypay ETF	68.04%	30.89%

Frequently Asked Questions

Can I hold both METW and HOOY in my portfolio?

METW and HOOY have a correlation of 0.40, 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 HOOY?

METW has higher volatility (20.64%) compared to HOOY (16.47%). In terms of maximum drawdown, METW dropped -40.52% vs HOOY's -51.54%.

Which ETF is better, METW or HOOY?

On 1-year performance, HOOY leads with -20.08% vs -30.62% for METW. On fees, METW is cheaper at 0.59% per year. On volatility, HOOY has been the lower-risk option at 16.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METW or HOOY?

Over the 1-year period, HOOY has performed better with a -20.08% return vs -30.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METW or HOOY?

METW is cheaper with a 0.59% expense ratio, compared with 0.99% for HOOY.

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

HOOY has the higher dividend yield at 149.65%, compared with 68.04% for METW.

What is the main difference between METW and HOOY?

METW is categorized as Technology Equities, while HOOY is Derivative Income. They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.59% for METW and 0.99% for HOOY.

Which has better risk-adjusted returns?

HOOY currently has the higher Sharpe Ratio (-0.35 vs -0.65), 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.