TSLW vs. AAPW
TSLW (Roundhill TSLA WeeklyPay™ ETF) and AAPW (AAPL WeeklyPay™ ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, TSLW returned 22.61% vs 57.24% for AAPW. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
TSLW vs. AAPW - Performance Comparison
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Returns By Period
In the year-to-date period, TSLW achieves a -16.85% return, which is significantly lower than AAPW's 16.63% return.
TSLW
- 1D
- 0.46%
- 1M
- -3.40%
- 6M
- -15.92%
- YTD
- -16.85%
- 1Y
- 22.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPW
- 1D
- -0.95%
- 1M
- 9.34%
- 6M
- 22.31%
- YTD
- 16.63%
- 1Y
- 57.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLW vs. AAPW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLW Roundhill TSLA WeeklyPay™ ETF | -16.85% | 35.28% |
AAPW AAPL WeeklyPay™ ETF | 16.63% | 39.84% |
Correlation
The correlation between TSLW and AAPW is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025 | 0.25 |
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Return for Risk
TSLW vs. AAPW — Risk / Return Rank
TSLW
AAPW
TSLW vs. AAPW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) and AAPL WeeklyPay™ ETF (AAPW). 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.
| TSLW | AAPW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.35 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 3.31 | -2.68 |
| Martin ratioReturn relative to average drawdown | 1.33 | 7.90 | -6.57 |
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Drawdowns
TSLW vs. AAPW - Drawdown Comparison
The maximum TSLW drawdown since its inception was -35.80%, roughly equal to the maximum AAPW drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for TSLW and AAPW.
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Drawdown Indicators
| TSLW | AAPW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.80% | -36.28% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -35.80% | -17.36% | -18.44% |
Current DrawdownCurrent decline from peak | -25.06% | -0.95% | -24.11% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -10.75% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.99% | 7.27% | +9.72% |
Volatility
TSLW vs. AAPW - Volatility Comparison
Roundhill TSLA WeeklyPay™ ETF (TSLW) has a higher volatility of 20.06% compared to AAPL WeeklyPay™ ETF (AAPW) at 11.23%. This indicates that TSLW's price experiences larger fluctuations and is considered to be riskier than AAPW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSLW | AAPW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.06% | 11.23% | +8.83% |
Volatility (6M)Calculated over the trailing 6-month period | 37.31% | 22.49% | +14.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.52% | 29.30% | +24.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 34.87% | +22.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.15% | 34.87% | +22.28% |
TSLW vs. AAPW - Expense Ratio Comparison
Both TSLW and AAPW have an expense ratio of 0.99%.
Dividends
TSLW vs. AAPW - Dividend Comparison
TSLW's dividend yield for the trailing twelve months is around 90.75%, more than AAPW's 29.92% yield.
| Position | TTM | 2025 |
|---|---|---|
AAPW AAPL WeeklyPay™ ETF | 29.92% | 28.83% |
TSLW Roundhill TSLA WeeklyPay™ ETF | 90.75% | 49.31% |
Frequently Asked Questions
TSLW and AAPW have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLW has higher volatility (20.06%) compared to AAPW (11.23%). In terms of maximum drawdown, TSLW dropped -35.80% vs AAPW's -36.28%.
On 1-year performance, AAPW leads with 57.24% vs 22.61% for TSLW. Both ETFs have the same 0.99% expense ratio. On volatility, AAPW has been the lower-risk option at 11.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AAPW has performed better with a 57.24% return vs 22.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLW and AAPW have the same expense ratio: 0.99% per year.
TSLW has the higher dividend yield at 90.75%, compared with 29.92% for AAPW.
AAPW currently has the higher Sharpe Ratio (1.97 vs 0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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