NERD vs. TOPW

Last updated Jul 14, 2026

NERD (Roundhill Video Games ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both exchange-traded funds - NERD is a Gaming fund actively managed by Roundhill Investments, while TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index. NERD is actively managed, while TOPW is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. NERD charges 0.50%/yr vs 0.99%/yr for TOPW.

Performance

NERD vs. TOPW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Video Games ETF (NERD) and Roundhill Top WeeklyPay ETF (TOPW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NERD achieves a -14.31% return, which is significantly lower than TOPW's 1.24% return.

NERD

• 1D: -0.17%
• 1M: 4.52%
• 6M: -15.76%
• YTD: -14.31%
• 1Y: -17.56%
• 3Y*: 10.18%
• 5Y*: -6.22%
• 10Y*: —

TOPW

• 1D: -1.06%
• 1M: 1.97%
• 6M: -1.69%
• YTD: 1.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NERD vs. TOPW - Yearly Performance Comparison

	2026 (YTD)	2025
NERD Roundhill Video Games ETF	-14.31%	-9.41%
TOPW Roundhill Top WeeklyPay ETF	1.24%	-1.33%

Correlation

The correlation between NERD and TOPW 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 Sep 4, 2025	0.54

Return for Risk

NERD vs. TOPW — Risk / Return Rank

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

NERD

NERD Risk / Return Rank: 4
NERD Sharpe Ratio Rank: 2
NERD Sortino Ratio Rank: 3
NERD Omega Ratio Rank: 3
NERD Calmar Ratio Rank: 5
NERD Martin Ratio Rank: 5

TOPW

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

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.

NERD vs. TOPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) and Roundhill Top WeeklyPay ETF (TOPW). 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.

	NERD	TOPW	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	—	—
Sortino ratio: Return per unit of downside risk	-1.18	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.53	—	—
Martin ratio: Return relative to average drawdown	-0.91	—	—

Drawdowns

NERD vs. TOPW - Drawdown Comparison

The maximum NERD drawdown since its inception was -65.58%, which is greater than TOPW's maximum drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for NERD and TOPW.

Drawdown Indicators

	NERD	TOPW	Difference
Max Drawdown Largest peak-to-trough decline	-65.58%	-29.87%	-35.71%
Max Drawdown (1Y) Largest decline over 1 year	-33.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.79%	—	—
Current Drawdown Current decline from peak	-44.42%	-15.42%	-29.00%
Average Drawdown Average peak-to-trough decline	-36.02%	-13.30%	-22.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.25%	—	—

Volatility

Volatility by Period

	NERD	TOPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	27.58%	-7.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.57%	27.58%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	27.58%	-2.14%

NERD vs. TOPW - Expense Ratio Comparison

NERD has a 0.50% expense ratio, which is lower than TOPW's 0.99% expense ratio.

Dividends

NERD vs. TOPW - Dividend Comparison

NERD's dividend yield for the trailing twelve months is around 0.74%, less than TOPW's 47.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NERD Roundhill Video Games ETF	0.74%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%
TOPW Roundhill Top WeeklyPay ETF	47.48%	21.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NERD and TOPW in my portfolio?

NERD and TOPW 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, NERD or TOPW?

On fees, NERD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NERD or TOPW?

NERD is cheaper with a 0.50% expense ratio, compared with 0.99% for TOPW.

Which ETF pays a higher dividend yield, NERD or TOPW?

TOPW has the higher dividend yield at 47.48%, compared with 0.74% for NERD.

What is the main difference between NERD and TOPW?

NERD is categorized as Gaming, while TOPW is Derivative Income. Their fees differ too: 0.50% for NERD and 0.99% for TOPW.