TOPW vs. YBTC
TOPW (Roundhill Top WeeklyPay ETF) and YBTC (Roundhill Bitcoin Covered Call Strategy ETF) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while YBTC is a Cryptocurrency fund actively managed by Roundhill. TOPW is passively managed, while YBTC is actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. TOPW charges 0.99%/yr vs 0.95%/yr for YBTC.
Performance
TOPW vs. YBTC - Performance Comparison
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Returns By Period
In the year-to-date period, TOPW achieves a 0.61% return, which is significantly higher than YBTC's -23.96% return.
TOPW
- 1D
- 2.78%
- 1M
- 2.62%
- 6M
- 3.61%
- YTD
- 0.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
YBTC
- 1D
- -3.00%
- 1M
- 3.48%
- 6M
- -20.57%
- YTD
- -23.96%
- 1Y
- -40.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.24M | $2.19M | $2.72M | |
| $1.21M | $1.11M | $1.55M |
TOPW vs. YBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 0.61% | -1.33% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.96% | -23.01% |
Correlation
The correlation between TOPW and YBTC is 0.60, 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 | 0.60 |
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Return for Risk
TOPW vs. YBTC — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YBTC
TOPW vs. YBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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 | YBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.87 | — |
| Martin ratioReturn relative to average drawdown | — | -1.35 | — |
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Drawdowns
TOPW vs. YBTC - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum YBTC drawdown of -48.84%. Use the drawdown chart below to compare losses from any high point for TOPW and YBTC.
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Drawdown Indicators
| TOPW | YBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -48.84% | +18.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.84% | — |
Current DrawdownCurrent decline from peak | -15.94% | -44.47% | +28.53% |
Average DrawdownAverage peak-to-trough decline | -13.53% | -14.91% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.35% | — |
Volatility
TOPW vs. YBTC - Volatility Comparison
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Volatility by Period
| TOPW | YBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.68% | 40.25% | -12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.68% | 40.45% | -12.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.68% | 40.45% | -12.77% |
TOPW vs. YBTC - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is higher than YBTC's 0.95% expense ratio.
Dividends
TOPW vs. YBTC - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 51.46%, less than YBTC's 80.99% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 51.46% | 21.52% | 0.00% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 80.99% | 76.04% | 44.53% |
Frequently Asked Questions
TOPW and YBTC 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.
On fees, YBTC is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YBTC is cheaper with a 0.95% expense ratio, compared with 0.99% for TOPW.
YBTC has the higher dividend yield at 80.99%, compared with 51.46% for TOPW.
TOPW is categorized as Derivative Income, while YBTC is Cryptocurrency. Their fees differ too: 0.99% for TOPW and 0.95% for YBTC.
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