PLTW vs. HOOW

Last updated Aug 2, 2026

PLTW (PLTR WeeklyPay™ ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both exchange-traded funds - PLTW is a Derivative Income fund actively managed by Roundhill, while HOOW is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, PLTW returned -30.37% vs -24.25% for HOOW. Their 0.52 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.99% expense ratio.

Performance

PLTW vs. HOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PLTR WeeklyPay™ ETF (PLTW) and Roundhill HOOD WeeklyPay ETF (HOOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTW achieves a -38.54% return, which is significantly lower than HOOW's -31.68% return.

PLTW

• 1D: 0.96%
• 1M: -5.95%
• 6M: -21.93%
• YTD: -38.54%
• 1Y: -30.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -15.21%

HOOW

• 1D: 0.00%
• 1M: -27.79%
• 6M: -20.03%
• YTD: -31.68%
• 1Y: -24.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HOOW Roundhill HOOD WeeklyPay ETF	$4.69M	$5.55M	$5.41M
PLTW PLTR WeeklyPay™ ETF	$2.46M	$2.75M	$3.76M

PLTW vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
PLTW PLTR WeeklyPay™ ETF	-38.54%	28.76%
HOOW Roundhill HOOD WeeklyPay ETF	-31.68%	52.60%

Correlation

The correlation between PLTW and HOOW is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.52

The correlation between PLTW and HOOW has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

PLTW vs. HOOW - Sectors Allocation Comparison

Sectors	PLTW	HOOW
Technology	20.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PLTW vs. HOOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PLTW

PLTW Risk / Return Rank: 5
PLTW Sharpe Ratio Rank: 5
PLTW Sortino Ratio Rank: 6
PLTW Omega Ratio Rank: 6
PLTW Calmar Ratio Rank: 5
PLTW Martin Ratio Rank: 4

HOOW

HOOW Risk / Return Rank: 8
HOOW Sharpe Ratio Rank: 7
HOOW Sortino Ratio Rank: 10
HOOW Omega Ratio Rank: 10
HOOW Calmar Ratio Rank: 6
HOOW Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PLTW vs. HOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PLTR WeeklyPay™ ETF (PLTW) and Roundhill HOOD WeeklyPay ETF (HOOW). 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.

	PLTW	HOOW	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	-0.32	-0.19
Sortino ratio: Return per unit of downside risk	-0.42	0.07	-0.49
Omega ratio: Gain probability vs. loss probability	0.95	1.01	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.56	-0.42	-0.15
Martin ratio: Return relative to average drawdown	-1.02	-0.68	-0.35

PLTW vs. HOOW - Sharpe Ratio Comparison

The current PLTW Sharpe Ratio is -0.52, which is lower than the HOOW Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of PLTW and HOOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLTW vs. HOOW - Drawdown Comparison

The maximum PLTW drawdown since its inception was -57.27%, smaller than the maximum HOOW drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for PLTW and HOOW.

Drawdown Indicators

	PLTW	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-57.27%	-65.74%	+8.47%
Max Drawdown (1Y) Largest decline over 1 year	-57.27%	-65.74%	+8.47%
Current Drawdown Current decline from peak	-49.73%	-53.60%	+3.87%
Average Drawdown Average peak-to-trough decline	-25.20%	-31.15%	+5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.48%	40.51%	-9.03%

Volatility

PLTW vs. HOOW - Volatility Comparison

The current volatility for PLTR WeeklyPay™ ETF (PLTW) is 15.73%, while Roundhill HOOD WeeklyPay ETF (HOOW) has a volatility of 21.12%. This indicates that PLTW experiences smaller price fluctuations and is considered to be less risky than HOOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTW	HOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.73%	21.12%	-5.39%
Volatility (6M) Calculated over the trailing 6-month period	48.95%	65.47%	-16.52%
Volatility (1Y) Calculated over the trailing 1-year period	62.54%	84.98%	-22.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.53%	83.74%	-10.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.53%	83.74%	-10.21%

PLTW vs. HOOW - Expense Ratio Comparison

Both PLTW and HOOW have an expense ratio of 0.99%.

Dividends

PLTW vs. HOOW - Dividend Comparison

PLTW's dividend yield for the trailing twelve months is around 138.40%, less than HOOW's 167.55% yield.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	167.55%	67.92%
PLTW PLTR WeeklyPay™ ETF	138.40%	72.40%

Frequently Asked Questions

Can I hold both PLTW and HOOW in my portfolio?

PLTW and HOOW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTW or HOOW?

HOOW has higher volatility (21.12%) compared to PLTW (15.73%). In terms of maximum drawdown, PLTW dropped -57.27% vs HOOW's -65.74%.

Which ETF is better, PLTW or HOOW?

On 1-year performance, HOOW leads with -24.25% vs -30.37% for PLTW. Both ETFs have the same 0.99% expense ratio. On volatility, PLTW has been the lower-risk option at 15.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTW or HOOW?

Over the 1-year period, HOOW has performed better with a -24.25% return vs -30.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTW or HOOW?

PLTW and HOOW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, PLTW or HOOW?

HOOW has the higher dividend yield at 167.55%, compared with 138.40% for PLTW.

What is the main difference between PLTW and HOOW?

PLTW is categorized as Derivative Income, while HOOW is Leveraged Equities.

Which has better risk-adjusted returns?

HOOW currently has the higher Sharpe Ratio (-0.32 vs -0.52), 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.