TOPW vs. RYLD
TOPW (Roundhill Top WeeklyPay ETF) and RYLD (Global X Russell 2000 Covered Call ETF) are both Derivative Income funds - TOPW tracks the Solactive Roundhill WeeklyPay Universe Index while RYLD tracks the CBOE Russell 2000 BuyWrite Index. Both are passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. TOPW charges 0.99%/yr vs 0.60%/yr for RYLD.
Performance
TOPW vs. RYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TOPW achieves a 0.61% return, which is significantly lower than RYLD's 12.29% return.
TOPW
- 1D
- 2.78%
- 1M
- 2.62%
- 6M
- 3.61%
- YTD
- 0.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RYLD
- 1D
- -0.19%
- 1M
- 1.19%
- 6M
- 10.16%
- YTD
- 12.29%
- 1Y
- 24.93%
- 3Y*
- 8.04%
- 5Y*
- 3.15%
- 10Y*
- —
- ALL TIME*
- 5.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.07M | $9.36M | $9.08M | |
| $2.24M | $2.19M | $2.72M |
TOPW vs. RYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 0.61% | -1.33% |
RYLD Global X Russell 2000 Covered Call ETF | 12.29% | 5.40% |
Correlation
The correlation between TOPW and RYLD is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.62 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TOPW vs. RYLD — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RYLD
TOPW vs. RYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Global X Russell 2000 Covered Call ETF (RYLD). 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 | RYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.67 | — |
| Martin ratioReturn relative to average drawdown | — | 15.02 | — |
Loading charts...
Drawdowns
TOPW vs. RYLD - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for TOPW and RYLD.
Loading charts...
Drawdown Indicators
| TOPW | RYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -41.53% | +11.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.29% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.33% | — |
Current DrawdownCurrent decline from peak | -15.94% | -0.37% | -15.57% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -8.65% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.54% | — |
Volatility
TOPW vs. RYLD - Volatility Comparison
Loading charts...
Volatility by Period
| TOPW | RYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 10.67% | +17.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 13.97% | +13.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 17.04% | +10.64% |
TOPW vs. RYLD - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than RYLD's 0.60% expense ratio.
Dividends
TOPW vs. RYLD - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 51.46%, more than RYLD's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RYLD Global X Russell 2000 Covered Call ETF | 11.62% | 12.00% | 12.03% | 12.64% | 13.49% | 12.35% | 10.76% | 6.43% |
TOPW Roundhill Top WeeklyPay ETF | 51.46% | 21.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOPW and RYLD 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.
On fees, RYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for TOPW.
TOPW has the higher dividend yield at 51.46%, compared with 11.62% for RYLD.
TOPW tracks Solactive Roundhill WeeklyPay Universe Index, while RYLD tracks CBOE Russell 2000 BuyWrite Index. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.99% for TOPW and 0.60% for RYLD.
Find the right allocation for TOPW and RYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer