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 0.24 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 -26.22% return, which is significantly lower than TOPW's 2.38% return.
NFLW
- 1D
- 0.85%
- 1M
- -7.21%
- 6M
- -20.56%
- YTD
- -26.22%
- 1Y
- -48.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW
- 1D
- -1.31%
- 1M
- 0.77%
- 6M
- 0.41%
- YTD
- 2.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLW vs. TOPW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NFLW Roundhill NFLX WeeklyPay ETF | -26.22% | -28.56% |
TOPW Roundhill Top WeeklyPay ETF | 2.38% | -1.33% |
Correlation
The correlation between NFLW and TOPW is 0.24, 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 | 0.24 |
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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 | 0.76 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | — | — |
| Martin ratioReturn relative to average drawdown | -1.59 | — | — |
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Drawdowns
NFLW vs. TOPW - Drawdown Comparison
The maximum NFLW drawdown since its inception was -55.10%, 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 | -55.10% | -29.87% | -25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -52.27% | — | — |
Current DrawdownCurrent decline from peak | -53.01% | -14.47% | -38.54% |
Average DrawdownAverage peak-to-trough decline | -29.35% | -13.31% | -16.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.82% | — | — |
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 | 13.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.96% | 27.51% | +13.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.30% | 27.51% | +12.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.30% | 27.51% | +12.79% |
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 82.21%, more than TOPW's 48.21% yield.
| Position | TTM | 2025 |
|---|---|---|
NFLW Roundhill NFLX WeeklyPay ETF | 82.21% | 38.89% |
TOPW Roundhill Top WeeklyPay ETF | 48.21% | 21.52% |
Frequently Asked Questions
NFLW and TOPW have a correlation of 0.24, 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 82.21%, compared with 48.21% for TOPW.
They also come from different issuers: Roundhill and Roundhill Investments.
Find the right allocation for NFLW and TOPW
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