MSTW vs. CWII

Last updated Jun 24, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and CWII (REX CRWV Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 1.03%/yr for CWII.

Performance

MSTW vs. CWII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) and REX CRWV Growth & Income ETF (CWII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSTW achieves a -40.29% return, which is significantly lower than CWII's 13,199.78% return.

MSTW

• 1D: -5.77%
• 1M: -41.43%
• YTD: -40.29%
• 6M: -43.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWII

• 1D: 0.00%
• 1M: 10,273.16%
• YTD: 13,199.78%
• 6M: 11,946.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTW vs. CWII - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-40.29%	-49.72%
CWII REX CRWV Growth & Income ETF	13,199.78%	-45.06%

Correlation

The correlation between MSTW and CWII is 0.40, 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 Nov 4, 2025	0.40

Return for Risk

MSTW vs. CWII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and REX CRWV Growth & Income ETF (CWII). 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.

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

Drawdowns

MSTW vs. CWII - Drawdown Comparison

The maximum MSTW drawdown since its inception was -82.94%, which is greater than CWII's maximum drawdown of -51.04%. Use the drawdown chart below to compare losses from any high point for MSTW and CWII.

Drawdown Indicators

	MSTW	CWII	Difference
Max Drawdown Largest peak-to-trough decline	-82.94%	-51.04%	-31.90%
Current Drawdown Current decline from peak	-82.94%	0.00%	-82.94%
Average Drawdown Average peak-to-trough decline	-55.68%	-33.26%	-22.42%

Volatility

Volatility by Period

	MSTW	CWII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	89.08%	13,701.30%	-13,612.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.08%	13,701.30%	-13,612.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.08%	13,701.30%	-13,612.22%

MSTW vs. CWII - Expense Ratio Comparison

MSTW has a 0.99% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

MSTW vs. CWII - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 325.95%, more than CWII's 123.26% yield.

Position	TTM	2025
CWII REX CRWV Growth & Income ETF	123.26%	6.09%
MSTW Roundhill MSTR WeeklyPay ETF	325.95%	106.94%

Frequently Asked Questions

Can I hold both MSTW and CWII in my portfolio?

MSTW and CWII 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 ETF is better, MSTW or CWII?

On fees, MSTW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTW or CWII?

MSTW is cheaper with a 0.99% expense ratio, compared with 1.03% for CWII.

Which ETF pays a higher dividend yield, MSTW or CWII?

MSTW has the higher dividend yield at 325.95%, compared with 123.26% for CWII.

What is the main difference between MSTW and CWII?

They also come from different issuers: Roundhill and REX Shares. Their fees differ too: 0.99% for MSTW and 1.03% for CWII.