PYPG vs. BRKW

Last updated Jul 17, 2026

PYPG (Leverage Shares 2X Long PYPL Daily ETF) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - PYPG is a Leveraged Equities fund actively managed by Leverage Shares, while BRKW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, PYPG returned -56.05% vs 1.28% for BRKW. At a 0.15 correlation, their price movements are largely independent. PYPG charges 0.75%/yr vs 0.99%/yr for BRKW.

Performance

PYPG vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PYPL Daily ETF (PYPG) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PYPG achieves a -23.41% return, which is significantly lower than BRKW's -4.36% return.

PYPG

• 1D: 4.02%
• 1M: 61.13%
• 6M: -18.36%
• YTD: -23.41%
• 1Y: -56.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKW

• 1D: 0.94%
• 1M: -0.94%
• 6M: -1.84%
• YTD: -4.36%
• 1Y: 1.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PYPG vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
PYPG Leverage Shares 2X Long PYPL Daily ETF	-23.41%	-40.18%
BRKW Roundhill BRKB WeeklyPay ETF	-4.36%	1.85%

Correlation

The correlation between PYPG and BRKW is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.15

Return for Risk

PYPG vs. BRKW — Risk / Return Rank

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

PYPG

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

BRKW

BRKW Risk / Return Rank: 10
BRKW Sharpe Ratio Rank: 11
BRKW Sortino Ratio Rank: 10
BRKW Omega Ratio Rank: 10
BRKW Calmar Ratio Rank: 11
BRKW Martin Ratio Rank: 11

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.

PYPG vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PYPL Daily ETF (PYPG) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.

	PYPG	BRKW	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	0.07	-0.73
Sortino ratio: Return per unit of downside risk	-0.67	0.22	-0.90
Omega ratio: Gain probability vs. loss probability	0.91	1.03	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.71	0.10	-0.81
Martin ratio: Return relative to average drawdown	-1.00	0.20	-1.20

PYPG vs. BRKW - Sharpe Ratio Comparison

The current PYPG Sharpe Ratio is -0.66, which is lower than the BRKW Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of PYPG and BRKW, 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

PYPG vs. BRKW - Drawdown Comparison

The maximum PYPG drawdown since its inception was -79.52%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for PYPG and BRKW.

Drawdown Indicators

	PYPG	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-79.52%	-12.64%	-66.88%
Max Drawdown (1Y) Largest decline over 1 year	-79.52%	-12.64%	-66.88%
Current Drawdown Current decline from peak	-61.72%	-7.41%	-54.31%
Average Drawdown Average peak-to-trough decline	-41.31%	-5.50%	-35.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.30%	6.32%	+49.98%

Volatility

PYPG vs. BRKW - Volatility Comparison

Leverage Shares 2X Long PYPL Daily ETF (PYPG) has a higher volatility of 34.53% compared to Roundhill BRKB WeeklyPay ETF (BRKW) at 5.20%. This indicates that PYPG's price experiences larger fluctuations and is considered to be riskier than BRKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYPG	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.53%	5.20%	+29.33%
Volatility (6M) Calculated over the trailing 6-month period	77.11%	13.23%	+63.88%
Volatility (1Y) Calculated over the trailing 1-year period	85.35%	17.23%	+68.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.28%	17.25%	+66.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.28%	17.25%	+66.03%

PYPG vs. BRKW - Expense Ratio Comparison

PYPG has a 0.75% expense ratio, which is lower than BRKW's 0.99% expense ratio.

Dividends

PYPG vs. BRKW - Dividend Comparison

PYPG has not paid dividends to shareholders, while BRKW's dividend yield for the trailing twelve months is around 25.30%.

Position	TTM	2025
BRKW Roundhill BRKB WeeklyPay ETF	25.30%	14.45%
PYPG Leverage Shares 2X Long PYPL Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PYPG and BRKW in my portfolio?

PYPG and BRKW have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PYPG or BRKW?

PYPG has higher volatility (34.53%) compared to BRKW (5.20%). In terms of maximum drawdown, PYPG dropped -79.52% vs BRKW's -12.64%.

Which ETF is better, PYPG or BRKW?

On 1-year performance, BRKW leads with 1.28% vs -56.05% for PYPG. On fees, PYPG is cheaper at 0.75% per year. On volatility, BRKW has been the lower-risk option at 5.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PYPG or BRKW?

Over the 1-year period, BRKW has performed better with a 1.28% return vs -56.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PYPG or BRKW?

PYPG is cheaper with a 0.75% expense ratio, compared with 0.99% for BRKW.

Which ETF pays a higher dividend yield, PYPG or BRKW?

BRKW has the higher dividend yield at 25.30%, compared with 0.00% for PYPG.

What is the main difference between PYPG and BRKW?

PYPG is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: Leverage Shares and Roundhill. Their fees differ too: 0.75% for PYPG and 0.99% for BRKW.

Which has better risk-adjusted returns?

BRKW currently has the higher Sharpe Ratio (0.07 vs -0.66), 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.