TOPW vs. WEEL
TOPW (Roundhill Top WeeklyPay ETF) and WEEL (Peerless Option Income Wheel ETF) are both Derivative Income funds. TOPW is passively managed, while WEEL is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
TOPW vs. WEEL - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a 7.71% return, which is significantly higher than WEEL's 5.22% return.
TOPW
- 1D
- -1.52%
- 1M
- 3.60%
- YTD
- 7.71%
- 6M
- -0.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WEEL
- 1D
- -0.40%
- 1M
- 0.96%
- YTD
- 5.22%
- 6M
- 5.75%
- 1Y
- 20.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW vs. WEEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 7.71% | -2.47% |
WEEL Peerless Option Income Wheel ETF | 5.22% | 4.96% |
Correlation
The correlation between TOPW and WEEL is 0.60, 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 | 0.60 |
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Return for Risk
TOPW vs. WEEL — Risk / Return Rank
TOPW
WEEL
TOPW vs. WEEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Peerless Option Income Wheel ETF (WEEL). 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.
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Sharpe Ratios by Period
| TOPW | WEEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.01 | -0.76 |
Drawdowns
TOPW vs. WEEL - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, which is greater than WEEL's maximum drawdown of -17.45%. Use the drawdown chart below to compare losses from any high point for TOPW and WEEL.
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Drawdown Indicators
| TOPW | WEEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -17.45% | -12.42% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.60% | — |
Current DrawdownCurrent decline from peak | -10.02% | -0.40% | -9.62% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -1.45% | -11.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.95% | — |
Volatility
TOPW vs. WEEL - Volatility Comparison
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Volatility by Period
| TOPW | WEEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.36% | 8.01% | +19.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.36% | 12.84% | +14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.36% | 12.84% | +14.52% |
TOPW vs. WEEL - Expense Ratio Comparison
Both TOPW and WEEL have an expense ratio of 0.99%.
Dividends
TOPW vs. WEEL - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 40.33%, more than WEEL's 12.46% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 40.33% | 21.52% | 0.00% |
WEEL Peerless Option Income Wheel ETF | 12.46% | 12.72% | 6.88% |
Frequently Asked Questions
TOPW and WEEL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TOPW and WEEL have the same expense ratio: 0.99% per year.
TOPW has the higher dividend yield at 40.33%, compared with 12.46% for WEEL.
They also come from different issuers: Roundhill Investments and Peerless ETFs.
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