TOPW vs. EMLP
TOPW (Roundhill Top WeeklyPay ETF) and EMLP (First Trust North American Energy Infrastructure Fund) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while EMLP is a MLPs fund actively managed by First Trust. TOPW is passively managed, while EMLP is actively managed. At a correlation of -0.06, they often move in opposite directions. TOPW charges 0.99%/yr vs 0.96%/yr for EMLP.
Performance
TOPW vs. EMLP - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a -1.90% return, which is significantly lower than EMLP's 14.75% return.
TOPW
- 1D
- -2.84%
- 1M
- -8.90%
- YTD
- -1.90%
- 6M
- -4.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMLP
- 1D
- 0.47%
- 1M
- -3.16%
- YTD
- 14.75%
- 6M
- 15.27%
- 1Y
- 19.48%
- 3Y*
- 21.80%
- 5Y*
- 15.66%
- 10Y*
- 10.13%
TOPW vs. EMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | -1.90% | -1.33% |
EMLP First Trust North American Energy Infrastructure Fund | 14.75% | 2.02% |
Correlation
The correlation between TOPW and EMLP is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | -0.06 |
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Return for Risk
TOPW vs. EMLP — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMLP
TOPW vs. EMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and First Trust North American Energy Infrastructure Fund (EMLP). 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 | EMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.96 | — |
| Martin ratioReturn relative to average drawdown | — | 11.58 | — |
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Drawdowns
TOPW vs. EMLP - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum EMLP drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for TOPW and EMLP.
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Drawdown Indicators
| TOPW | EMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -43.61% | +13.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.61% | — |
Current DrawdownCurrent decline from peak | -18.04% | -3.51% | -14.53% |
Average DrawdownAverage peak-to-trough decline | -12.98% | -5.75% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.69% | — |
Volatility
TOPW vs. EMLP - Volatility Comparison
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Volatility by Period
| TOPW | EMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.79% | 9.92% | +17.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 14.48% | +13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.79% | 17.69% | +10.10% |
TOPW vs. EMLP - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than EMLP's 0.96% expense ratio.
Dividends
TOPW vs. EMLP - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 46.15%, more than EMLP's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLP First Trust North American Energy Infrastructure Fund | 2.79% | 3.18% | 3.19% | 3.92% | 3.15% | 3.29% | 4.70% | 3.71% | 4.71% | 3.80% | 3.62% | 4.63% |
TOPW Roundhill Top WeeklyPay ETF | 46.15% | 21.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOPW and EMLP have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMLP is cheaper at 0.96% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMLP is cheaper with a 0.96% expense ratio, compared with 0.99% for TOPW.
TOPW has the higher dividend yield at 46.15%, compared with 2.79% for EMLP.
TOPW is categorized as Derivative Income, while EMLP is MLPs. They also come from different issuers: Roundhill Investments and First Trust. Their fees differ too: 0.99% for TOPW and 0.96% for EMLP.
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