MSTW vs. PEPS
MSTW (Roundhill MSTR WeeklyPay ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 0.10%/yr for PEPS.
Performance
MSTW vs. PEPS - Performance Comparison
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Returns By Period
In the year-to-date period, MSTW achieves a -23.56% return, which is significantly lower than PEPS's 10.67% return.
MSTW
- 1D
- -8.54%
- 1M
- -36.78%
- YTD
- -23.56%
- 6M
- -41.29%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- -0.51%
- 1M
- 6.44%
- YTD
- 10.67%
- 6M
- 10.79%
- 1Y
- 31.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -23.56% | -71.42% |
PEPS Parametric Equity Plus ETF | 10.67% | 10.81% |
Correlation
The correlation between MSTW and PEPS is 0.49, 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 | 0.49 |
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Return for Risk
MSTW vs. PEPS — Risk / Return Rank
MSTW
PEPS
MSTW vs. PEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and Parametric Equity Plus ETF (PEPS). 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.
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Sharpe Ratios by Period
| MSTW | PEPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.94 | 1.05 | -1.99 |
Drawdowns
MSTW vs. PEPS - Drawdown Comparison
The maximum MSTW drawdown since its inception was -81.85%, which is greater than PEPS's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for MSTW and PEPS.
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Drawdown Indicators
| MSTW | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.85% | -21.26% | -60.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -78.15% | -0.51% | -77.64% |
Average DrawdownAverage peak-to-trough decline | -54.49% | -2.77% | -51.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
MSTW vs. PEPS - Volatility Comparison
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Volatility by Period
| MSTW | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.01% | 13.06% | +75.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.01% | 18.31% | +70.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.01% | 18.31% | +70.70% |
MSTW vs. PEPS - Expense Ratio Comparison
MSTW has a 0.99% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
MSTW vs. PEPS - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 239.64%, more than PEPS's 0.88% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | 239.64% | 106.94% | 0.00% |
PEPS Parametric Equity Plus ETF | 0.88% | 1.00% | 0.17% |
Frequently Asked Questions
MSTW and PEPS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for MSTW.
MSTW has the higher dividend yield at 239.64%, compared with 0.88% for PEPS.
They also come from different issuers: Roundhill and Parametric. Their fees differ too: 0.99% for MSTW and 0.10% for PEPS.
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