TOPW vs. RDTE

Last updated Jun 9, 2026

TOPW (Roundhill Top WeeklyPay ETF) and RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) are both Derivative Income funds. TOPW is passively managed, while RDTE is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. TOPW charges 0.99%/yr vs 0.95%/yr for RDTE.

Performance

TOPW vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Top WeeklyPay ETF (TOPW) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOPW achieves a 2.53% return, which is significantly lower than RDTE's 10.92% return.

TOPW

• 1D: 0.08%
• 1M: -5.06%
• YTD: 2.53%
• 6M: -5.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: 0.90%
• 1M: -1.67%
• YTD: 10.92%
• 6M: 9.96%
• 1Y: 24.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOPW vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
TOPW Roundhill Top WeeklyPay ETF	2.53%	-2.47%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	10.92%	3.11%

Correlation

The correlation between TOPW and RDTE is 0.62, 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 5, 2025	0.62

Return for Risk

TOPW vs. RDTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RDTE

RDTE Risk / Return Rank: 49
RDTE Sharpe Ratio Rank: 45
RDTE Sortino Ratio Rank: 43
RDTE Omega Ratio Rank: 42
RDTE Calmar Ratio Rank: 59
RDTE Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TOPW vs. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). 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.

Sharpe Ratios by Period

	TOPW	RDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.90	-0.90

Drawdowns

TOPW vs. RDTE - Drawdown Comparison

The maximum TOPW drawdown since its inception was -29.87%, which is greater than RDTE's maximum drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for TOPW and RDTE.

Drawdown Indicators

	TOPW	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-29.87%	-24.32%	-5.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.17%	—
Current Drawdown Current decline from peak	-14.34%	-2.65%	-11.69%
Average Drawdown Average peak-to-trough decline	-12.88%	-4.65%	-8.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.65%	—

Volatility

Volatility by Period

	TOPW	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.60%	17.09%	+10.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.60%	19.32%	+8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.60%	19.32%	+8.28%

TOPW vs. RDTE - Expense Ratio Comparison

TOPW has a 0.99% expense ratio, which is higher than RDTE's 0.95% expense ratio.

Dividends

TOPW vs. RDTE - Dividend Comparison

TOPW's dividend yield for the trailing twelve months is around 42.36%, less than RDTE's 46.18% yield.

Position	TTM	2025	2024
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	46.18%	50.16%	10.70%
TOPW Roundhill Top WeeklyPay ETF	42.36%	21.52%	0.00%

Frequently Asked Questions

Can I hold both TOPW and RDTE in my portfolio?

TOPW and RDTE have a correlation of 0.62, 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 RDTE?

On fees, RDTE is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOPW or RDTE?

RDTE is cheaper with a 0.95% expense ratio, compared with 0.99% for TOPW.

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

RDTE has the higher dividend yield at 46.18%, compared with 42.36% for TOPW.

What is the main difference between TOPW and RDTE?

They also come from different issuers: Roundhill Investments and Roundhill. Their fees differ too: 0.99% for TOPW and 0.95% for RDTE.