TOPW vs. NFLW
TOPW (Roundhill Top WeeklyPay ETF) and NFLW (Roundhill NFLX WeeklyPay ETF) are both Derivative Income funds. TOPW is passively managed, while NFLW is actively managed. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
TOPW vs. NFLW - 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 NFLW's -28.72% return.
TOPW
- 1D
- -0.57%
- 1M
- -11.21%
- YTD
- -4.38%
- 6M
- -6.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFLW
- 1D
- -1.63%
- 1M
- -22.35%
- YTD
- -28.72%
- 6M
- -28.62%
- 1Y
- -52.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW vs. NFLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | -4.38% | -1.33% |
NFLW Roundhill NFLX WeeklyPay ETF | -28.72% | -28.56% |
Correlation
The correlation between TOPW and NFLW is 0.28, 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 Sep 4, 2025 | 0.28 |
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Return for Risk
TOPW vs. NFLW — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NFLW
TOPW vs. NFLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Roundhill NFLX WeeklyPay ETF (NFLW). 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 | NFLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.74 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.96 | — |
| Martin ratioReturn relative to average drawdown | — | -1.64 | — |
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Drawdowns
TOPW vs. NFLW - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum NFLW drawdown of -54.60%. Use the drawdown chart below to compare losses from any high point for TOPW and NFLW.
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Drawdown Indicators
| TOPW | NFLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -54.60% | +24.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.60% | — |
Current DrawdownCurrent decline from peak | -20.11% | -54.60% | +34.49% |
Average DrawdownAverage peak-to-trough decline | -13.04% | -27.97% | +14.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.79% | — |
Volatility
TOPW vs. NFLW - Volatility Comparison
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Volatility by Period
| TOPW | NFLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.75% | 40.39% | -12.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.75% | 40.24% | -12.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.75% | 40.24% | -12.49% |
TOPW vs. NFLW - Expense Ratio Comparison
Both TOPW and NFLW have an expense ratio of 0.99%.
Dividends
TOPW vs. NFLW - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 48.26%, less than NFLW's 89.13% yield.
| Position | TTM | 2025 |
|---|---|---|
NFLW Roundhill NFLX WeeklyPay ETF | 89.13% | 38.89% |
TOPW Roundhill Top WeeklyPay ETF | 48.26% | 21.52% |
Frequently Asked Questions
TOPW and NFLW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TOPW and NFLW have the same expense ratio: 0.99% per year.
NFLW has the higher dividend yield at 89.13%, compared with 48.26% for TOPW.
They also come from different issuers: Roundhill Investments and Roundhill.
Find the right allocation for TOPW and NFLW
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