TOPW vs. HOII

Last updated Jun 21, 2026

TOPW (Roundhill Top WeeklyPay ETF) and HOII (REX HOOD Growth & Income ETF) are both Derivative Income funds. TOPW is passively managed, while HOII is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

TOPW vs. HOII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Top WeeklyPay ETF (TOPW) and REX HOOD Growth & Income ETF (HOII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOPW achieves a 0.96% return, which is significantly lower than HOII's 19,132.59% return.

TOPW

• 1D: 1.79%
• 1M: -6.25%
• YTD: 0.96%
• 6M: -1.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOII

• 1D: 0.00%
• 1M: 30,031.23%
• YTD: 19,132.59%
• 6M: 17,945.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOPW vs. HOII - Yearly Performance Comparison

	2026 (YTD)	2025
TOPW Roundhill Top WeeklyPay ETF	0.96%	-15.40%
HOII REX HOOD Growth & Income ETF	19,132.59%	-23.54%

Correlation

The correlation between TOPW and HOII is 0.73, 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 Nov 4, 2025	0.73

Return for Risk

TOPW vs. HOII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and REX HOOD Growth & Income ETF (HOII). 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. HOII - Drawdown Comparison

The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum HOII drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for TOPW and HOII.

Drawdown Indicators

	TOPW	HOII	Difference
Max Drawdown Largest peak-to-trough decline	-29.87%	-55.38%	+25.51%
Current Drawdown Current decline from peak	-15.65%	0.00%	-15.65%
Average Drawdown Average peak-to-trough decline	-12.95%	-36.68%	+23.73%

Volatility

Volatility by Period

	TOPW	HOII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.68%	34,045.59%	-34,017.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.68%	34,045.59%	-34,017.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	34,045.59%	-34,017.91%

TOPW vs. HOII - Expense Ratio Comparison

Both TOPW and HOII have an expense ratio of 0.99%.

Dividends

TOPW vs. HOII - Dividend Comparison

TOPW's dividend yield for the trailing twelve months is around 44.84%, less than HOII's 120.87% yield.

Position	TTM	2025
HOII REX HOOD Growth & Income ETF	120.87%	4.41%
TOPW Roundhill Top WeeklyPay ETF	44.84%	21.52%

Frequently Asked Questions

Can I hold both TOPW and HOII in my portfolio?

TOPW and HOII have a correlation of 0.73, 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 HOII?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOPW or HOII?

TOPW and HOII have the same expense ratio: 0.99% per year.

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

HOII has the higher dividend yield at 120.87%, compared with 44.84% for TOPW.

What is the main difference between TOPW and HOII?

They also come from different issuers: Roundhill Investments and REX.