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. Their 0.37 correlation means their historical movements had little consistent relationship. 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 0.61% return, which is significantly higher than BETZ's -8.87% return.
TOPW
- 1D
- 2.78%
- 1M
- 2.62%
- 6M
- 3.61%
- YTD
- 0.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BETZ
- 1D
- -0.58%
- 1M
- 0.36%
- 6M
- 2.90%
- YTD
- -8.87%
- 1Y
- -16.95%
- 3Y*
- 3.15%
- 5Y*
- -5.84%
- 10Y*
- —
- ALL TIME*
- 4.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $205.48K | $310.34K | $782.30K | |
| $2.24M | $2.19M | $2.72M |
TOPW vs. BETZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 0.61% | -1.33% |
BETZ Roundhill Sports Betting & iGaming ETF | -8.87% | -11.26% |
Correlation
The correlation between TOPW and BETZ is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.37 |
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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 | — | 0.88 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.60 | — |
| Martin ratioReturn relative to average drawdown | — | -0.93 | — |
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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 | -15.94% | -38.35% | +22.41% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -33.89% | +20.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.92% | — |
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 | — | 5.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 21.17% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 26.97% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 27.85% | -0.17% |
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 51.46%, more than BETZ's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BETZ Roundhill Sports Betting & iGaming ETF | 5.02% | 4.57% | 0.86% | 0.00% | 0.66% | 0.00% | 0.28% |
TOPW Roundhill Top WeeklyPay ETF | 51.46% | 21.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOPW and BETZ have a correlation of 0.37, 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 51.46%, compared with 5.02% 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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