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
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Returns By Period
In the year-to-date period, TOPW achieves a -4.42% return, which is significantly lower than YMAX's 0.77% return.
TOPW
- 1D
- -2.57%
- 1M
- -11.24%
- YTD
- -4.42%
- 6M
- -6.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YMAX
- 1D
- -2.10%
- 1M
- -2.26%
- YTD
- 0.77%
- 6M
- -1.20%
- 1Y
- 2.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW vs. YMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | -4.42% | -1.33% |
YMAX YieldMax Universe Fund of Option Income ETFs | 0.77% | -3.52% |
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 4, 2025 | 0.82 |
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Return for Risk
TOPW vs. YMAX — Risk / Return Rank
TOPW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | YMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.04 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.08 | — |
| Martin ratioReturn relative to average drawdown | — | 0.19 | — |
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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.
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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 | -20.15% | -10.66% | -9.49% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -6.40% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.24% | — |
Volatility
TOPW vs. YMAX - Volatility Comparison
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Volatility by Period
| TOPW | YMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.87% | 23.56% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.87% | 23.61% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.87% | 23.61% | +4.26% |
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 47.37%, less than YMAX's 74.01% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 47.37% | 21.52% | 0.00% |
YMAX YieldMax Universe Fund of Option Income ETFs | 74.01% | 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 74.01%, compared with 47.37% 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.
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