TOPW vs. NERD
TOPW (Roundhill Top WeeklyPay ETF) and NERD (Roundhill Video Games ETF) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while NERD is a Gaming fund actively managed by Roundhill Investments. TOPW is passively managed, while NERD is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. TOPW charges 0.99%/yr vs 0.50%/yr for NERD.
Performance
TOPW vs. NERD - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a -4.38% return, which is significantly higher than NERD's -20.10% return.
TOPW
- 1D
- -0.57%
- 1M
- -11.21%
- YTD
- -4.38%
- 6M
- -6.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NERD
- 1D
- -1.40%
- 1M
- -5.37%
- YTD
- -20.10%
- 6M
- -20.08%
- 1Y
- -26.67%
- 3Y*
- 9.38%
- 5Y*
- -8.45%
- 10Y*
- —
TOPW vs. NERD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | -4.38% | -1.33% |
NERD Roundhill Video Games ETF | -20.10% | -9.41% |
Correlation
The correlation between TOPW and NERD 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 4, 2025 | 0.54 |
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Return for Risk
TOPW vs. NERD — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NERD
TOPW vs. NERD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Roundhill Video Games ETF (NERD). 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 | NERD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.78 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.82 | — |
| Martin ratioReturn relative to average drawdown | — | -1.46 | — |
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Drawdowns
TOPW vs. NERD - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum NERD drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for TOPW and NERD.
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Drawdown Indicators
| TOPW | NERD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -65.58% | +35.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.45% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -58.08% | — |
Current DrawdownCurrent decline from peak | -20.11% | -48.17% | +28.06% |
Average DrawdownAverage peak-to-trough decline | -13.04% | -35.96% | +22.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.24% | — |
Volatility
TOPW vs. NERD - Volatility Comparison
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Volatility by Period
| TOPW | NERD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.75% | 19.59% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.75% | 24.52% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.75% | 25.46% | +2.29% |
TOPW vs. NERD - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than NERD's 0.50% expense ratio.
Dividends
TOPW vs. NERD - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 48.26%, more than NERD's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | 0.79% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% |
TOPW Roundhill Top WeeklyPay ETF | 48.26% | 21.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOPW and NERD have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NERD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NERD is cheaper with a 0.50% expense ratio, compared with 0.99% for TOPW.
TOPW has the higher dividend yield at 48.26%, compared with 0.79% for NERD.
TOPW is categorized as Derivative Income, while NERD is Gaming. Their fees differ too: 0.99% for TOPW and 0.50% for NERD.
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