TOPW vs. AVGW
TOPW (Roundhill Top WeeklyPay ETF) and AVGW (Roundhill AVGO WeeklyPay™ ETF) are both Derivative Income funds. TOPW is passively managed, while AVGW is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
TOPW vs. AVGW - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a 2.38% return, which is significantly lower than AVGW's 6.65% return.
TOPW
- 1D
- -1.31%
- 1M
- 0.77%
- 6M
- 0.41%
- YTD
- 2.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGW
- 1D
- -6.06%
- 1M
- -1.07%
- 6M
- 7.89%
- YTD
- 6.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW vs. AVGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 2.38% | -1.33% |
AVGW Roundhill AVGO WeeklyPay™ ETF | 6.65% | 14.86% |
Correlation
The correlation between TOPW and AVGW is 0.54, 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 4, 2025 | 0.54 |
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Return for Risk
TOPW vs. AVGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Roundhill AVGO WeeklyPay™ ETF (AVGW). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
TOPW vs. AVGW - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum AVGW drawdown of -34.65%. Use the drawdown chart below to compare losses from any high point for TOPW and AVGW.
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Drawdown Indicators
| TOPW | AVGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -34.65% | +4.78% |
Current DrawdownCurrent decline from peak | -14.47% | -26.88% | +12.41% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -13.55% | +0.24% |
Volatility
TOPW vs. AVGW - Volatility Comparison
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Volatility by Period
| TOPW | AVGW | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 27.51% | 57.12% | -29.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.51% | 57.12% | -29.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.51% | 57.12% | -29.61% |
TOPW vs. AVGW - Expense Ratio Comparison
Both TOPW and AVGW have an expense ratio of 0.99%.
Dividends
TOPW vs. AVGW - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 48.21%, less than AVGW's 69.48% yield.
| Position | TTM | 2025 |
|---|---|---|
AVGW Roundhill AVGO WeeklyPay™ ETF | 69.48% | 31.15% |
TOPW Roundhill Top WeeklyPay ETF | 48.21% | 21.52% |
Frequently Asked Questions
TOPW and AVGW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TOPW and AVGW have the same expense ratio: 0.99% per year.
AVGW has the higher dividend yield at 69.48%, compared with 48.21% for TOPW.
They also come from different issuers: Roundhill Investments and Roundhill.
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