TOPW vs. BUYW
TOPW (Roundhill Top WeeklyPay ETF) and BUYW (Main Buywrite ETF) are both Derivative Income funds. TOPW is passively managed, while BUYW is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. TOPW charges 0.99%/yr vs 1.29%/yr for BUYW.
Performance
TOPW vs. BUYW - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a -7.21% return, which is significantly lower than BUYW's 1.12% return.
TOPW
- 1D
- 2.90%
- 1M
- -0.70%
- YTD
- -7.21%
- 6M
- -21.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUYW
- 1D
- 1.17%
- 1M
- 1.10%
- YTD
- 1.12%
- 6M
- 3.23%
- 1Y
- 19.46%
- 3Y*
- 8.70%
- 5Y*
- —
- 10Y*
- —
TOPW vs. BUYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | -7.21% | -2.47% |
BUYW Main Buywrite ETF | 1.12% | 2.96% |
Correlation
The correlation between TOPW and BUYW 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 5, 2025 | 0.54 |
TOPW vs. BUYW - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is lower than BUYW's 1.29% expense ratio.
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Return for Risk
TOPW vs. BUYW — Risk / Return Rank
TOPW
BUYW
TOPW vs. BUYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Main Buywrite ETF (BUYW). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TOPW | BUYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 1.12 | -1.65 |
Drawdowns
TOPW vs. BUYW - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, which is greater than BUYW's maximum drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for TOPW and BUYW.
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Drawdown Indicators
| TOPW | BUYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -9.36% | -20.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.96% | — |
Current DrawdownCurrent decline from peak | -22.48% | 0.00% | -22.48% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -0.63% | -12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.70% | — |
Volatility
TOPW vs. BUYW - Volatility Comparison
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Volatility by Period
| TOPW | BUYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 10.05% | +19.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.26% | 8.62% | +20.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.26% | 8.62% | +20.64% |
Dividends
TOPW vs. BUYW - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 37.61%, more than BUYW's 5.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 37.61% | 21.52% | 0.00% | 0.00% | 0.00% |
BUYW Main Buywrite ETF | 5.93% | 5.89% | 5.93% | 5.95% | 0.50% |