TOPW vs. USO
TOPW (Roundhill Top WeeklyPay ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Their -0.18 correlation means they have often moved in opposite directions in the past. TOPW charges 0.99%/yr vs 0.86%/yr for USO.
Performance
TOPW vs. USO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TOPW achieves a 0.61% return, which is significantly lower than USO's 86.77% return.
TOPW
- 1D
- 2.78%
- 1M
- 2.62%
- 6M
- 3.61%
- YTD
- 0.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
USO
- 1D
- 1.33%
- 1M
- 24.23%
- 6M
- 62.44%
- YTD
- 86.77%
- 1Y
- 66.76%
- 3Y*
- 20.97%
- 5Y*
- 20.59%
- 10Y*
- 5.64%
- ALL TIME*
- -6.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.24M | $2.19M | $2.72M | |
| $968.42M | $871.56M | $931.57M |
TOPW vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 0.61% | -1.33% |
USO United States Oil Fund LP | 86.77% | -7.58% |
Correlation
The correlation between TOPW and USO is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | -0.18 |
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. USO — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USO
TOPW vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.93 | — |
| Martin ratioReturn relative to average drawdown | — | 5.60 | — |
Loading charts...
Drawdowns
TOPW vs. USO - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for TOPW and USO.
Loading charts...
Drawdown Indicators
| TOPW | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -98.19% | +68.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -32.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -15.94% | -86.26% | +70.32% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -75.38% | +61.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.03% | — |
Volatility
TOPW vs. USO - Volatility Comparison
Loading charts...
Volatility by Period
| TOPW | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.73% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 46.91% | -19.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 37.06% | -9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 39.29% | -11.61% |
TOPW vs. USO - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
TOPW vs. USO - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 51.46%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 51.46% | 21.52% |
USO United States Oil Fund LP | 0.00% | 0.00% |
Frequently Asked Questions
TOPW and USO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USO is cheaper at 0.86% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USO is cheaper with a 0.86% expense ratio, compared with 0.99% for TOPW.
TOPW has the higher dividend yield at 51.46%, compared with 0.00% for USO.
TOPW is categorized as Derivative Income, while USO is Oil & Gas. TOPW tracks Solactive Roundhill WeeklyPay Universe Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Roundhill and USCF. Their fees differ too: 0.99% for TOPW and 0.86% for USO.
Find the right allocation for TOPW and USO
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