TOPW vs. ULTY
TOPW (Roundhill Top WeeklyPay ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds. TOPW is passively managed, while ULTY is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. TOPW charges 0.99%/yr vs 1.14%/yr for ULTY.
Performance
TOPW vs. ULTY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TOPW achieves a 7.71% return, which is significantly lower than ULTY's 11.14% return.
TOPW
- 1D
- -1.52%
- 1M
- 3.60%
- YTD
- 7.71%
- 6M
- -0.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTY
- 1D
- -1.25%
- 1M
- 4.53%
- YTD
- 11.14%
- 6M
- 9.84%
- 1Y
- 8.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 7.71% | -2.47% |
ULTY YieldMax Ultra Option Income Strategy ETF | 11.14% | -11.24% |
Correlation
The correlation between TOPW and ULTY is 0.77, 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 | 0.77 |
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. ULTY — Risk / Return Rank
TOPW
ULTY
TOPW vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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.
Loading charts...
Sharpe Ratios by Period
| TOPW | ULTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.17 | +0.08 |
Drawdowns
TOPW vs. ULTY - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for TOPW and ULTY.
Loading charts...
Drawdown Indicators
| TOPW | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -26.85% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.16% | — |
Current DrawdownCurrent decline from peak | -10.02% | -8.88% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -9.37% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.31% | — |
Volatility
TOPW vs. ULTY - Volatility Comparison
Loading charts...
Volatility by Period
| TOPW | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.36% | 20.79% | +6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.36% | 26.92% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.36% | 26.92% | +0.44% |
TOPW vs. ULTY - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is lower than ULTY's 1.14% expense ratio.
Dividends
TOPW vs. ULTY - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 40.33%, less than ULTY's 114.67% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 40.33% | 21.52% | 0.00% |
ULTY YieldMax Ultra Option Income Strategy ETF | 114.67% | 142.99% | 111.70% |
Frequently Asked Questions
TOPW and ULTY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TOPW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TOPW is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.
ULTY has the higher dividend yield at 114.67%, compared with 40.33% for TOPW.
They also come from different issuers: Roundhill Investments and YieldMax. Their fees differ too: 0.99% for TOPW and 1.14% for ULTY.
Find the right allocation for TOPW and ULTY
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