TOPW vs. BETZ
TOPW (Roundhill Top WeeklyPay ETF) and BETZ (Roundhill Sports Betting & iGaming ETF) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index. Both are passively managed. At a 0.38 correlation, their price movements are largely independent. TOPW charges 0.99%/yr vs 0.75%/yr for BETZ.
Performance
TOPW vs. BETZ - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a -1.90% return, which is significantly higher than BETZ's -8.25% return.
TOPW
- 1D
- -2.84%
- 1M
- -8.90%
- YTD
- -1.90%
- 6M
- -4.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BETZ
- 1D
- -1.13%
- 1M
- 4.42%
- YTD
- -8.25%
- 6M
- -8.89%
- 1Y
- -9.51%
- 3Y*
- 6.28%
- 5Y*
- -8.05%
- 10Y*
- —
TOPW vs. BETZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | -1.90% | -1.33% |
BETZ Roundhill Sports Betting & iGaming ETF | -8.25% | -11.26% |
Correlation
The correlation between TOPW and BETZ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.38 |
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Return for Risk
TOPW vs. BETZ — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BETZ
TOPW vs. BETZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Roundhill Sports Betting & iGaming ETF (BETZ). 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.
| TOPW | BETZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.94 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.33 | — |
| Martin ratioReturn relative to average drawdown | — | -0.54 | — |
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Drawdowns
TOPW vs. BETZ - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum BETZ drawdown of -60.82%. Use the drawdown chart below to compare losses from any high point for TOPW and BETZ.
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Drawdown Indicators
| TOPW | BETZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -60.82% | +30.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.20% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.79% | — |
Current DrawdownCurrent decline from peak | -18.04% | -37.93% | +19.89% |
Average DrawdownAverage peak-to-trough decline | -12.98% | -33.81% | +20.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.53% | — |
Volatility
TOPW vs. BETZ - Volatility Comparison
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Volatility by Period
| TOPW | BETZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.79% | 20.69% | +7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 26.98% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.79% | 27.94% | -0.15% |
TOPW vs. BETZ - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than BETZ's 0.75% expense ratio.
Dividends
TOPW vs. BETZ - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 46.15%, more than BETZ's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 4.98% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
TOPW Roundhill Top WeeklyPay ETF | 46.15% | 21.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOPW and BETZ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BETZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BETZ is cheaper with a 0.75% expense ratio, compared with 0.99% for TOPW.
TOPW has the higher dividend yield at 46.15%, compared with 4.98% for BETZ.
TOPW is categorized as Derivative Income, while BETZ is Consumer Discretionary Equities. TOPW tracks Solactive Roundhill WeeklyPay Universe Index, while BETZ tracks Roundhill Sports Betting & iGaming Index. Their fees differ too: 0.99% for TOPW and 0.75% for BETZ.
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