METW vs. XPAY

Last updated Jun 4, 2026

METW (Roundhill Meta Weeklypay ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while XPAY is a Derivative Income fund actively managed by Roundhill. METW is passively managed, while XPAY is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. METW charges 0.59%/yr vs 0.49%/yr for XPAY.

Performance

METW vs. XPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METW achieves a -8.79% return, which is significantly lower than XPAY's 10.83% return.

METW

• 1D: 5.19%
• 1M: 2.24%
• YTD: -8.79%
• 6M: -5.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XPAY

• 1D: -0.68%
• 1M: 5.07%
• YTD: 10.83%
• 6M: 10.69%
• 1Y: 27.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-8.79%	-8.20%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	10.83%	14.79%

Correlation

The correlation between METW and XPAY is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.54

Return for Risk

METW vs. XPAY — Risk / Return Rank

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

XPAY

XPAY Risk / Return Rank: 67
XPAY Sharpe Ratio Rank: 69
XPAY Sortino Ratio Rank: 67
XPAY Omega Ratio Rank: 68
XPAY Calmar Ratio Rank: 58
XPAY Martin Ratio Rank: 71

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. XPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). 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.

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

Sharpe Ratios by Period

	METW	XPAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	1.21	-1.61

Drawdowns

METW vs. XPAY - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than XPAY's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for METW and XPAY.

Drawdown Indicators

	METW	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-18.20%	-22.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.34%	—
Current Drawdown Current decline from peak	-27.63%	-0.68%	-26.95%
Average Drawdown Average peak-to-trough decline	-17.31%	-2.37%	-14.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	METW	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.57%	11.82%	+30.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.57%	16.70%	+25.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.57%	16.70%	+25.87%

METW vs. XPAY - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is higher than XPAY's 0.49% expense ratio.

Dividends

METW vs. XPAY - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 55.37%, more than XPAY's 20.37% yield.

Position	TTM	2025	2024
METW Roundhill Meta Weeklypay ETF	55.37%	30.89%	0.00%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	20.37%	21.21%	3.40%

Frequently Asked Questions

Can I hold both METW and XPAY in my portfolio?

METW and XPAY have a correlation of 0.54, 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 XPAY?

On fees, XPAY is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METW or XPAY?

XPAY is cheaper with a 0.49% expense ratio, compared with 0.59% for METW.

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

METW has the higher dividend yield at 55.37%, compared with 20.37% for XPAY.

What is the main difference between METW and XPAY?

METW is categorized as Technology Equities, while XPAY is Derivative Income. Their fees differ too: 0.59% for METW and 0.49% for XPAY.