RDTE vs. TOPW

Last updated Jun 9, 2026

RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both Derivative Income funds. RDTE is actively managed, while TOPW is passively managed. A 0.62 correlation means they provide meaningful diversification when combined. RDTE charges 0.95%/yr vs 0.99%/yr for TOPW.

Performance

RDTE vs. TOPW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) and Roundhill Top WeeklyPay ETF (TOPW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTE achieves a 10.92% return, which is significantly higher than TOPW's 2.53% return.

RDTE

• 1D: 0.90%
• 1M: -1.67%
• YTD: 10.92%
• 6M: 9.96%
• 1Y: 24.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOPW

• 1D: 0.08%
• 1M: -5.06%
• YTD: 2.53%
• 6M: -5.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDTE vs. TOPW - Yearly Performance Comparison

	2026 (YTD)	2025
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	10.92%	3.11%
TOPW Roundhill Top WeeklyPay ETF	2.53%	-2.47%

Correlation

The correlation between RDTE and TOPW is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025	0.62

Return for Risk

RDTE vs. TOPW — Risk / Return Rank

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

RDTE

RDTE Risk / Return Rank: 49
RDTE Sharpe Ratio Rank: 45
RDTE Sortino Ratio Rank: 43
RDTE Omega Ratio Rank: 42
RDTE Calmar Ratio Rank: 59
RDTE Martin Ratio Rank: 57

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.

RDTE vs. TOPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) 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.

	RDTE	TOPW	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	1.98	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.66	—	—
Martin ratio: Return relative to average drawdown	9.20	—	—
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

	RDTE	TOPW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.00	+0.90

Drawdowns

RDTE vs. TOPW - Drawdown Comparison

The maximum RDTE drawdown since its inception was -24.32%, smaller than the maximum TOPW drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for RDTE and TOPW.

Drawdown Indicators

	RDTE	TOPW	Difference
Max Drawdown Largest peak-to-trough decline	-24.32%	-29.87%	+5.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	—	—
Current Drawdown Current decline from peak	-2.65%	-14.34%	+11.69%
Average Drawdown Average peak-to-trough decline	-4.65%	-12.88%	+8.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	—	—

Volatility

Volatility by Period

	RDTE	TOPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.09%	27.60%	-10.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.32%	27.60%	-8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	27.60%	-8.28%

RDTE vs. TOPW - Expense Ratio Comparison

RDTE has a 0.95% expense ratio, which is lower than TOPW's 0.99% expense ratio.

Dividends

RDTE vs. TOPW - Dividend Comparison

RDTE's dividend yield for the trailing twelve months is around 46.18%, more than TOPW's 42.36% yield.

Position	TTM	2025	2024
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	46.18%	50.16%	10.70%
TOPW Roundhill Top WeeklyPay ETF	42.36%	21.52%	0.00%

Frequently Asked Questions

Can I hold both RDTE and TOPW in my portfolio?

RDTE and TOPW have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RDTE or TOPW?

On fees, RDTE is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RDTE or TOPW?

RDTE is cheaper with a 0.95% expense ratio, compared with 0.99% for TOPW.

Which ETF pays a higher dividend yield, RDTE or TOPW?

RDTE has the higher dividend yield at 46.18%, compared with 42.36% for TOPW.

What is the main difference between RDTE and TOPW?

They also come from different issuers: Roundhill and Roundhill Investments. Their fees differ too: 0.95% for RDTE and 0.99% for TOPW.