OZEM vs. NVDW

Last updated Jun 4, 2026

OZEM (Roundhill Glp-1 & Weight Loss ETF) and NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) are both exchange-traded funds - OZEM is a Health & Biotech Equities fund actively managed by Roundhill, while NVDW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, OZEM returned 21.16% vs 56.88% for NVDW. At a 0.19 correlation, their price movements are largely independent. OZEM charges 0.59%/yr vs 0.99%/yr for NVDW.

Performance

OZEM vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Glp-1 & Weight Loss ETF (OZEM) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OZEM achieves a -11.95% return, which is significantly lower than NVDW's 15.96% return.

OZEM

• 1D: -0.73%
• 1M: -4.02%
• YTD: -11.95%
• 6M: -5.58%
• 1Y: 21.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: -4.20%
• 1M: 9.65%
• YTD: 15.96%
• 6M: 20.80%
• 1Y: 56.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OZEM vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
OZEM Roundhill Glp-1 & Weight Loss ETF	-11.95%	38.57%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	15.96%	40.00%

Correlation

The correlation between OZEM and NVDW is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025	0.19

Return for Risk

OZEM vs. NVDW — Risk / Return Rank

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

OZEM

OZEM Risk / Return Rank: 23
OZEM Sharpe Ratio Rank: 24
OZEM Sortino Ratio Rank: 25
OZEM Omega Ratio Rank: 24
OZEM Calmar Ratio Rank: 24
OZEM Martin Ratio Rank: 20

NVDW

NVDW Risk / Return Rank: 38
NVDW Sharpe Ratio Rank: 38
NVDW Sortino Ratio Rank: 38
NVDW Omega Ratio Rank: 35
NVDW Calmar Ratio Rank: 45
NVDW Martin Ratio Rank: 35

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.

OZEM vs. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Glp-1 & Weight Loss ETF (OZEM) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). 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.

	OZEM	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.39	-0.52
Sortino ratio: Return per unit of downside risk	1.34	1.99	-0.65
Omega ratio: Gain probability vs. loss probability	1.16	1.24	-0.08
Calmar ratio: Return relative to maximum drawdown	1.11	2.24	-1.13
Martin ratio: Return relative to average drawdown	2.30	5.44	-3.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OZEM vs. NVDW - Sharpe Ratio Comparison

The current OZEM Sharpe Ratio is 0.87, which is lower than the NVDW Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of OZEM and NVDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OZEM	NVDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.39	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.52	-1.14

Drawdowns

OZEM vs. NVDW - Drawdown Comparison

The maximum OZEM drawdown since its inception was -28.65%, which is greater than NVDW's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for OZEM and NVDW.

Drawdown Indicators

	OZEM	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-28.65%	-25.54%	-3.11%
Max Drawdown (1Y) Largest decline over 1 year	-19.16%	-25.54%	+6.38%
Current Drawdown Current decline from peak	-18.74%	-10.65%	-8.09%
Average Drawdown Average peak-to-trough decline	-8.90%	-8.19%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.22%	10.49%	-1.27%

Volatility

OZEM vs. NVDW - Volatility Comparison

The current volatility for Roundhill Glp-1 & Weight Loss ETF (OZEM) is 5.67%, while Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) has a volatility of 15.04%. This indicates that OZEM experiences smaller price fluctuations and is considered to be less risky than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OZEM	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	15.04%	-9.37%
Volatility (6M) Calculated over the trailing 6-month period	17.15%	30.74%	-13.59%
Volatility (1Y) Calculated over the trailing 1-year period	24.46%	41.15%	-16.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	41.15%	-16.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	41.15%	-16.11%

OZEM vs. NVDW - Expense Ratio Comparison

OZEM has a 0.59% expense ratio, which is lower than NVDW's 0.99% expense ratio.

Dividends

OZEM vs. NVDW - Dividend Comparison

OZEM's dividend yield for the trailing twelve months is around 1.36%, less than NVDW's 58.16% yield.

Position	TTM	2025	2024
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	58.16%	38.94%	0.00%
OZEM Roundhill Glp-1 & Weight Loss ETF	1.36%	1.20%	0.22%

Frequently Asked Questions

Can I hold both OZEM and NVDW in my portfolio?

OZEM and NVDW have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OZEM or NVDW?

NVDW has higher volatility (15.04%) compared to OZEM (5.67%). In terms of maximum drawdown, OZEM dropped -28.65% vs NVDW's -25.54%.

Which ETF is better, OZEM or NVDW?

On 1-year performance, NVDW leads with 56.88% vs 21.16% for OZEM. On fees, OZEM is cheaper at 0.59% per year. On volatility, OZEM has been the lower-risk option at 5.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OZEM or NVDW?

Over the 1-year period, NVDW has performed better with a 56.88% return vs 21.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OZEM or NVDW?

OZEM is cheaper with a 0.59% expense ratio, compared with 0.99% for NVDW.

Which ETF pays a higher dividend yield, OZEM or NVDW?

NVDW has the higher dividend yield at 58.16%, compared with 1.36% for OZEM.

What is the main difference between OZEM and NVDW?

OZEM is categorized as Health & Biotech Equities, while NVDW is Derivative Income. Their fees differ too: 0.59% for OZEM and 0.99% for NVDW.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (1.39 vs 0.87), 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.