TOPW vs. FIYY

Last updated Jul 12, 2026

TOPW (Roundhill Top WeeklyPay ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. TOPW is passively managed, while FIYY is actively managed. At a 0.25 correlation, their price movements are largely independent. TOPW charges 0.99%/yr vs 1.07%/yr for FIYY.

Performance

TOPW vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Top WeeklyPay ETF (TOPW) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TOPW

• 1D: 1.15%
• 1M: 3.06%
• 6M: 0.75%
• YTD: 2.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

• 1D: 0.13%
• 1M: -0.57%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TOPW vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
TOPW Roundhill Top WeeklyPay ETF	-1.58%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.94%

Correlation

The correlation between TOPW and FIYY is 0.25, 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 May 5, 2026	0.25

Return for Risk

TOPW vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.

Drawdowns

TOPW vs. FIYY - Drawdown Comparison

The maximum TOPW drawdown since its inception was -29.87%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for TOPW and FIYY.

Drawdown Indicators

	TOPW	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-29.87%	-2.51%	-27.36%
Current Drawdown Current decline from peak	-14.52%	-2.07%	-12.45%
Average Drawdown Average peak-to-trough decline	-13.29%	-1.46%	-11.83%

Volatility

Volatility by Period

	TOPW	FIYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.62%	5.14%	+22.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.62%	5.14%	+22.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.62%	5.14%	+22.48%

TOPW vs. FIYY - Expense Ratio Comparison

TOPW has a 0.99% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

TOPW vs. FIYY - Dividend Comparison

TOPW's dividend yield for the trailing twelve months is around 46.97%, more than FIYY's 1.13% yield.

Position	TTM	2025
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%
TOPW Roundhill Top WeeklyPay ETF	46.97%	21.52%

Frequently Asked Questions

Can I hold both TOPW and FIYY in my portfolio?

TOPW and FIYY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOPW or FIYY?

On fees, TOPW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOPW or FIYY?

TOPW is cheaper with a 0.99% expense ratio, compared with 1.07% for FIYY.

Which ETF pays a higher dividend yield, TOPW or FIYY?

TOPW has the higher dividend yield at 46.97%, compared with 1.13% for FIYY.

What is the main difference between TOPW and FIYY?

They also come from different issuers: Roundhill Investments and GraniteShares. Their fees differ too: 0.99% for TOPW and 1.07% for FIYY.