NVDW vs. TSLW
NVDW (Roundhill NVDA WeeklyPay ETF) and TSLW (Roundhill TSLA WeeklyPay™ ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, NVDW returned 40.81% vs 4.70% for TSLW. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
NVDW vs. TSLW - Performance Comparison
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Returns By Period
In the year-to-date period, NVDW achieves a 6.30% return, which is significantly higher than TSLW's -20.26% return.
NVDW
- 1D
- -4.59%
- 1M
- -8.60%
- YTD
- 6.30%
- 6M
- 4.41%
- 1Y
- 40.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLW
- 1D
- -7.13%
- 1M
- -12.88%
- YTD
- -20.26%
- 6M
- -27.32%
- 1Y
- 4.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDW vs. TSLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDW Roundhill NVDA WeeklyPay ETF | 6.30% | 33.44% |
TSLW Roundhill TSLA WeeklyPay™ ETF | -20.26% | 35.28% |
Correlation
The correlation between NVDW and TSLW is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025 | 0.37 |
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Return for Risk
NVDW vs. TSLW — Risk / Return Rank
NVDW
TSLW
NVDW vs. TSLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill NVDA WeeklyPay ETF (NVDW) and Roundhill TSLA WeeklyPay™ ETF (TSLW). 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.
| NVDW | TSLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.06 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 0.13 | +1.47 |
| Martin ratioReturn relative to average drawdown | 3.72 | 0.29 | +3.43 |
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Drawdowns
NVDW vs. TSLW - Drawdown Comparison
The maximum NVDW drawdown since its inception was -25.54%, smaller than the maximum TSLW drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for NVDW and TSLW.
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Drawdown Indicators
| NVDW | TSLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -35.80% | +10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -25.54% | -35.80% | +10.26% |
Current DrawdownCurrent decline from peak | -18.09% | -28.14% | +10.05% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -13.36% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 16.51% | -5.50% |
Volatility
NVDW vs. TSLW - Volatility Comparison
The current volatility for Roundhill NVDA WeeklyPay ETF (NVDW) is 15.16%, while Roundhill TSLA WeeklyPay™ ETF (TSLW) has a volatility of 17.21%. This indicates that NVDW experiences smaller price fluctuations and is considered to be less risky than TSLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDW | TSLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.16% | 17.21% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 32.09% | 34.09% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.50% | 53.51% | -11.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.02% | 56.04% | -14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.02% | 56.04% | -14.02% |
NVDW vs. TSLW - Expense Ratio Comparison
Both NVDW and TSLW have an expense ratio of 0.99%.
Dividends
NVDW vs. TSLW - Dividend Comparison
NVDW's dividend yield for the trailing twelve months is around 63.83%, less than TSLW's 96.06% yield.
| Position | TTM | 2025 |
|---|---|---|
NVDW Roundhill NVDA WeeklyPay ETF | 63.83% | 38.94% |
TSLW Roundhill TSLA WeeklyPay™ ETF | 96.06% | 49.31% |
Frequently Asked Questions
NVDW and TSLW have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLW has higher volatility (17.21%) compared to NVDW (15.16%). In terms of maximum drawdown, NVDW dropped -25.54% vs TSLW's -35.80%.
On 1-year performance, NVDW leads with 40.81% vs 4.70% for TSLW. Both ETFs have the same 0.99% expense ratio. On volatility, NVDW has been the lower-risk option at 15.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVDW has performed better with a 40.81% return vs 4.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NVDW and TSLW have the same expense ratio: 0.99% per year.
TSLW has the higher dividend yield at 96.06%, compared with 63.83% for NVDW.
NVDW currently has the higher Sharpe Ratio (0.96 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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