MSTW vs. NVDW

Last updated Jun 4, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) are both Derivative Income funds from Roundhill. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MSTW vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) and Roundhill ETF Trust 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, MSTW achieves a -23.56% return, which is significantly lower than NVDW's 15.96% return.

MSTW

• 1D: -8.54%
• 1M: -36.78%
• YTD: -23.56%
• 6M: -41.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: -4.20%
• 1M: 9.65%
• YTD: 15.96%
• 6M: 20.80%
• 1Y: 56.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTW vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-23.56%	-71.42%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	15.96%	6.33%

Correlation

The correlation between MSTW and NVDW is 0.33, 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 25, 2025	0.33

Return for Risk

MSTW vs. NVDW — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 38
NVDW Sharpe Ratio Rank: 38
NVDW Sortino Ratio Rank: 38
NVDW Omega Ratio Rank: 35
NVDW Calmar Ratio Rank: 45
NVDW Martin Ratio Rank: 35

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.

MSTW vs. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and Roundhill ETF Trust 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.

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

Sharpe Ratios by Period

	MSTW	NVDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.94	1.52	-2.45

Drawdowns

MSTW vs. NVDW - Drawdown Comparison

The maximum MSTW drawdown since its inception was -81.85%, which is greater than NVDW's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for MSTW and NVDW.

Drawdown Indicators

	MSTW	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-25.54%	-56.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.54%	—
Current Drawdown Current decline from peak	-78.15%	-10.65%	-67.50%
Average Drawdown Average peak-to-trough decline	-54.49%	-8.19%	-46.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.49%	—

Volatility

Volatility by Period

	MSTW	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.01%	41.15%	+47.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.01%	41.15%	+47.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.01%	41.15%	+47.86%

MSTW vs. NVDW - Expense Ratio Comparison

Both MSTW and NVDW have an expense ratio of 0.99%.

Dividends

MSTW vs. NVDW - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 239.64%, more than NVDW's 58.16% yield.

Position	TTM	2025
MSTW Roundhill MSTR WeeklyPay ETF	239.64%	106.94%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	58.16%	38.94%

Frequently Asked Questions

Can I hold both MSTW and NVDW in my portfolio?

MSTW and NVDW have a correlation of 0.33, 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 NVDW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTW or NVDW?

MSTW and NVDW have the same expense ratio: 0.99% per year.

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

MSTW has the higher dividend yield at 239.64%, compared with 58.16% for NVDW.