NFLW vs. TOPW
NFLW (Roundhill NFLX WeeklyPay ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both Derivative Income funds. NFLW is actively managed, while TOPW is passively managed. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
NFLW vs. TOPW - Performance Comparison
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Returns By Period
In the year-to-date period, NFLW achieves a -28.72% return, which is significantly lower than TOPW's -4.38% return.
NFLW
- 1D
- -1.63%
- 1M
- -22.35%
- YTD
- -28.72%
- 6M
- -28.62%
- 1Y
- -52.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW
- 1D
- -0.57%
- 1M
- -11.21%
- YTD
- -4.38%
- 6M
- -6.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLW vs. TOPW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NFLW Roundhill NFLX WeeklyPay ETF | -28.72% | -28.56% |
TOPW Roundhill Top WeeklyPay ETF | -4.38% | -1.33% |
Correlation
The correlation between NFLW and TOPW is 0.28, 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 Sep 4, 2025 | 0.28 |
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Return for Risk
NFLW vs. TOPW — Risk / Return Rank
NFLW
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NFLW vs. TOPW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill NFLX WeeklyPay ETF (NFLW) 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.
| NFLW | TOPW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.74 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | — | — |
| Martin ratioReturn relative to average drawdown | -1.64 | — | — |
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Drawdowns
NFLW vs. TOPW - Drawdown Comparison
The maximum NFLW drawdown since its inception was -54.60%, which is greater than TOPW's maximum drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for NFLW and TOPW.
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Drawdown Indicators
| NFLW | TOPW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.60% | -29.87% | -24.73% |
Max Drawdown (1Y)Largest decline over 1 year | -54.60% | — | — |
Current DrawdownCurrent decline from peak | -54.60% | -20.11% | -34.49% |
Average DrawdownAverage peak-to-trough decline | -27.97% | -13.04% | -14.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.79% | — | — |
Volatility
NFLW vs. TOPW - Volatility Comparison
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Volatility by Period
| NFLW | TOPW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 30.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.39% | 27.75% | +12.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.24% | 27.75% | +12.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.24% | 27.75% | +12.49% |
NFLW vs. TOPW - Expense Ratio Comparison
Both NFLW and TOPW have an expense ratio of 0.99%.
Dividends
NFLW vs. TOPW - Dividend Comparison
NFLW's dividend yield for the trailing twelve months is around 89.13%, more than TOPW's 48.26% yield.
| Position | TTM | 2025 |
|---|---|---|
NFLW Roundhill NFLX WeeklyPay ETF | 89.13% | 38.89% |
TOPW Roundhill Top WeeklyPay ETF | 48.26% | 21.52% |
Frequently Asked Questions
NFLW and TOPW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NFLW and TOPW have the same expense ratio: 0.99% per year.
NFLW has the higher dividend yield at 89.13%, compared with 48.26% for TOPW.
They also come from different issuers: Roundhill and Roundhill Investments.
Find the right allocation for NFLW and TOPW
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