METW vs. NVDW

Last updated Jul 11, 2026

METW (Roundhill Meta Weeklypay ETF) and NVDW (Roundhill NVDA WeeklyPay ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while NVDW is a Derivative Income fund actively managed by Roundhill. METW is passively managed, while NVDW is actively managed. Over the past year, METW returned -13.81% vs 27.97% for NVDW. At a 0.37 correlation, their price movements are largely independent. METW charges 0.59%/yr vs 0.99%/yr for NVDW.

Performance

METW vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) 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, METW achieves a -1.13% return, which is significantly lower than NVDW's 12.53% return.

METW

• 1D: 7.05%
• 1M: 20.64%
• 6M: 0.20%
• YTD: -1.13%
• 1Y: -13.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: 4.65%
• 1M: 5.49%
• 6M: 14.12%
• YTD: 12.53%
• 1Y: 27.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-1.13%	-9.14%
NVDW Roundhill NVDA WeeklyPay ETF	12.53%	32.42%

Correlation

The correlation between METW and NVDW is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.37

Return for Risk

METW vs. NVDW — 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: 6
METW Sortino Ratio Rank: 7
METW Omega Ratio Rank: 7
METW Calmar Ratio Rank: 6
METW Martin Ratio Rank: 6

NVDW

NVDW Risk / Return Rank: 24
NVDW Sharpe Ratio Rank: 22
NVDW Sortino Ratio Rank: 25
NVDW Omega Ratio Rank: 24
NVDW Calmar Ratio Rank: 27
NVDW Martin Ratio Rank: 23

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. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) 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.

	METW	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	0.66	-0.96
Sortino ratio: Return per unit of downside risk	-0.14	1.18	-1.32
Omega ratio: Gain probability vs. loss probability	0.98	1.14	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.34	1.10	-1.44
Martin ratio: Return relative to average drawdown	-0.62	2.38	-3.00

METW vs. NVDW - Sharpe Ratio Comparison

The current METW Sharpe Ratio is -0.30, which is lower than the NVDW Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of METW 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

METW vs. NVDW - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than NVDW's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for METW and NVDW.

Drawdown Indicators

	METW	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-25.54%	-14.98%
Max Drawdown (1Y) Largest decline over 1 year	-40.52%	-25.54%	-14.98%
Current Drawdown Current decline from peak	-21.55%	-13.29%	-8.26%
Average Drawdown Average peak-to-trough decline	-18.72%	-8.96%	-9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.25%	11.78%	+10.47%

Volatility

METW vs. NVDW - Volatility Comparison

Roundhill Meta Weeklypay ETF (METW) has a higher volatility of 18.99% compared to Roundhill NVDA WeeklyPay ETF (NVDW) at 12.92%. This indicates that METW'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

	METW	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.99%	12.92%	+6.07%
Volatility (6M) Calculated over the trailing 6-month period	36.97%	32.50%	+4.47%
Volatility (1Y) Calculated over the trailing 1-year period	45.79%	42.53%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.06%	41.88%	+3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.06%	41.88%	+3.18%

METW vs. NVDW - Expense Ratio Comparison

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

Dividends

METW vs. NVDW - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 53.02%, less than NVDW's 59.90% yield.

Position	TTM	2025
METW Roundhill Meta Weeklypay ETF	53.02%	30.89%
NVDW Roundhill NVDA WeeklyPay ETF	59.90%	38.94%

Frequently Asked Questions

Can I hold both METW and NVDW in my portfolio?

METW and NVDW have a correlation of 0.37, 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 NVDW?

METW has higher volatility (18.99%) compared to NVDW (12.92%). In terms of maximum drawdown, METW dropped -40.52% vs NVDW's -25.54%.

Which ETF is better, METW or NVDW?

On 1-year performance, NVDW leads with 27.97% vs -13.81% for METW. On fees, METW is cheaper at 0.59% per year. On volatility, NVDW has been the lower-risk option at 12.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METW or NVDW?

Over the 1-year period, NVDW has performed better with a 27.97% return vs -13.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METW or NVDW?

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

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

NVDW has the higher dividend yield at 59.90%, compared with 53.02% for METW.

What is the main difference between METW and NVDW?

METW is categorized as Technology Equities, while NVDW is Derivative Income. Their fees differ too: 0.59% for METW and 0.99% for NVDW.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (0.66 vs -0.30), 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.