TOPW vs. PAPI
TOPW (Roundhill Top WeeklyPay ETF) and PAPI (Parametric Equity Premium Income ETF) are both Derivative Income funds. TOPW is passively managed, while PAPI is actively managed. At 0.12, their price movements are largely independent. TOPW charges 0.99%/yr vs 0.29%/yr for PAPI.
Performance
TOPW vs. PAPI - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a -7.21% return, which is significantly lower than PAPI's 8.94% return.
TOPW
- 1D
- 2.90%
- 1M
- -0.70%
- YTD
- -7.21%
- 6M
- -21.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- 0.29%
- 1M
- 0.33%
- YTD
- 8.94%
- 6M
- 10.05%
- 1Y
- 26.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | -7.21% | -2.47% |
PAPI Parametric Equity Premium Income ETF | 8.94% | 0.86% |
Correlation
The correlation between TOPW and PAPI is 0.12, 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 5, 2025 | 0.12 |
TOPW vs. PAPI - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than PAPI's 0.29% expense ratio.
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Return for Risk
TOPW vs. PAPI — Risk / Return Rank
TOPW
PAPI
TOPW vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Parametric Equity Premium Income ETF (PAPI). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TOPW | PAPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 1.03 | -1.57 |
Drawdowns
TOPW vs. PAPI - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, which is greater than PAPI's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for TOPW and PAPI.
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Drawdown Indicators
| TOPW | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -14.27% | -15.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.56% | — |
Current DrawdownCurrent decline from peak | -22.48% | -2.25% | -20.23% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -2.57% | -10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.53% | — |
Volatility
TOPW vs. PAPI - Volatility Comparison
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Volatility by Period
| TOPW | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 12.60% | +16.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.26% | 11.92% | +17.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.26% | 11.92% | +17.34% |
Dividends
TOPW vs. PAPI - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 37.61%, more than PAPI's 7.46% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 37.61% | 21.52% | 0.00% | 0.00% |
PAPI Parametric Equity Premium Income ETF | 7.46% | 7.59% | 7.07% | 1.45% |