PEPS vs. TOPW

Last updated Apr 16, 2026

PEPS (Parametric Equity Plus ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both Derivative Income funds. PEPS is actively managed, while TOPW is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. PEPS charges 0.10%/yr vs 0.99%/yr for TOPW.

Performance

PEPS vs. TOPW - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with PEPS having a 1.57% return and TOPW slightly higher at 1.60%.

PEPS

• 1D: 0.42%
• 1M: 3.39%
• YTD: 1.57%
• 6M: 5.21%
• 1Y: 33.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOPW

• 1D: 2.80%
• 1M: 9.73%
• YTD: 1.60%
• 6M: -10.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PEPS vs. TOPW - Yearly Performance Comparison

	2026 (YTD)	2025
PEPS Parametric Equity Plus ETF	1.57%	7.12%
TOPW Roundhill Top WeeklyPay ETF	1.60%	-2.47%

Correlation

The correlation between PEPS and TOPW is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025	0.81

Return for Risk

PEPS vs. TOPW — Risk / Return Rank

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

PEPS

PEPS Risk / Return Rank: 68
PEPS Sharpe Ratio Rank: 68
PEPS Sortino Ratio Rank: 63
PEPS Omega Ratio Rank: 69
PEPS Calmar Ratio Rank: 62
PEPS Martin Ratio Rank: 77

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.

PEPS vs. TOPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parametric Equity Plus ETF (PEPS) 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.

	PEPS	TOPW	Difference
Sharpe ratio Return per unit of total volatility	2.40	—	—
Sortino ratio Return per unit of downside risk	3.18	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	3.63	—	—
Martin ratio Return relative to average drawdown	16.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PEPS	TOPW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	-0.05	+0.80

Drawdowns

PEPS vs. TOPW - Drawdown Comparison

The maximum PEPS drawdown since its inception was -21.26%, smaller than the maximum TOPW drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for PEPS and TOPW.

Drawdown Indicators

	PEPS	TOPW	Difference
Max Drawdown Largest peak-to-trough decline	-21.26%	-29.87%	+8.61%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	—	—
Current Drawdown Current decline from peak	-0.94%	-15.12%	+14.18%
Average Drawdown Average peak-to-trough decline	-3.01%	-13.24%	+10.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	—	—

Volatility

Volatility by Period

	PEPS	TOPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	29.36%	-15.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	29.36%	-10.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	29.36%	-10.43%

PEPS vs. TOPW - Expense Ratio Comparison

PEPS has a 0.10% expense ratio, which is lower than TOPW's 0.99% expense ratio.

Dividends

PEPS vs. TOPW - Dividend Comparison

PEPS's dividend yield for the trailing twelve months is around 0.96%, less than TOPW's 35.43% yield.

	TTM	2025	2024
PEPS Parametric Equity Plus ETF	0.96%	1.00%	0.17%
TOPW Roundhill Top WeeklyPay ETF	35.43%	21.52%	0.00%