TOPW vs. USFR
TOPW (Roundhill Top WeeklyPay ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. At a correlation of -0.10, they often move in opposite directions. TOPW charges 0.99%/yr vs 0.15%/yr for USFR.
Performance
TOPW vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a 0.96% return, which is significantly lower than USFR's 1.78% return.
TOPW
- 1D
- 1.79%
- 1M
- -6.75%
- YTD
- 0.96%
- 6M
- -1.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 1.78%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.77%
- 5Y*
- 3.70%
- 10Y*
- 2.42%
TOPW vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 0.96% | -1.33% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 1.36% |
Correlation
The correlation between TOPW and USFR is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | -0.10 |
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Return for Risk
TOPW vs. USFR — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USFR
TOPW vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 13.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 202.37 | — |
| Martin ratioReturn relative to average drawdown | — | 783.79 | — |
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Drawdowns
TOPW vs. USFR - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for TOPW and USFR.
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Drawdown Indicators
| TOPW | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -1.36% | -28.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -15.65% | 0.00% | -15.65% |
Average DrawdownAverage peak-to-trough decline | -12.95% | -0.16% | -12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.01% | — |
Volatility
TOPW vs. USFR - Volatility Comparison
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Volatility by Period
| TOPW | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 0.27% | +27.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 0.40% | +27.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 0.78% | +26.90% |
TOPW vs. USFR - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
TOPW vs. USFR - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 44.84%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 44.84% | 21.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
TOPW and USFR have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USFR is cheaper with a 0.15% expense ratio, compared with 0.99% for TOPW.
TOPW has the higher dividend yield at 44.84%, compared with 3.91% for USFR.
TOPW is categorized as Derivative Income, while USFR is Government Bonds. TOPW tracks Solactive Roundhill WeeklyPay Universe Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Roundhill Investments and WisdomTree. Their fees differ too: 0.99% for TOPW and 0.15% for USFR.
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