TOPW vs. YMAX
TOPW (Roundhill Top WeeklyPay ETF) and YMAX (YieldMax Universe Fund of Option Income ETFs) are both Derivative Income funds. TOPW is passively managed, while YMAX is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. TOPW charges 0.99%/yr vs 1.28%/yr for YMAX.
Performance
TOPW vs. YMAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TOPW achieves a 7.71% return, which is significantly higher than YMAX's 6.06% return.
TOPW
- 1D
- -1.52%
- 1M
- 3.60%
- YTD
- 7.71%
- 6M
- -0.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YMAX
- 1D
- -1.70%
- 1M
- 6.76%
- YTD
- 6.06%
- 6M
- 3.56%
- 1Y
- 9.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW vs. YMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 7.71% | -2.47% |
YMAX YieldMax Universe Fund of Option Income ETFs | 6.06% | -3.59% |
Correlation
The correlation between TOPW and YMAX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025 | 0.82 |
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. YMAX — Risk / Return Rank
TOPW
YMAX
TOPW vs. YMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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 | YMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.70 | -0.44 |
Drawdowns
TOPW vs. YMAX - Drawdown Comparison
The maximum TOPW drawdown since its inception was -29.87%, which is greater than YMAX's maximum drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for TOPW and YMAX.
Loading charts...
Drawdown Indicators
| TOPW | YMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.87% | -26.13% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.13% | — |
Current DrawdownCurrent decline from peak | -10.02% | -5.98% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -6.33% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.99% | — |
Volatility
TOPW vs. YMAX - Volatility Comparison
Loading charts...
Volatility by Period
| TOPW | YMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.36% | 21.62% | +5.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.36% | 22.97% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.36% | 22.97% | +4.39% |
TOPW vs. YMAX - Expense Ratio Comparison
TOPW has a 0.99% expense ratio, which is lower than YMAX's 1.28% expense ratio.
Dividends
TOPW vs. YMAX - Dividend Comparison
TOPW's dividend yield for the trailing twelve months is around 40.33%, less than YMAX's 72.94% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 40.33% | 21.52% | 0.00% |
YMAX YieldMax Universe Fund of Option Income ETFs | 72.94% | 78.70% | 44.20% |
Frequently Asked Questions
TOPW and YMAX have a correlation of 0.82, 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 1.28% for YMAX.
YMAX has the higher dividend yield at 72.94%, 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 1.28% for YMAX.
Find the right allocation for TOPW and YMAX
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