TSLW vs. AAPW

Last updated Jun 4, 2026

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 20.22% vs 59.54% for AAPW. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

TSLW vs. AAPW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill TSLA WeeklyPay™ ETF (TSLW) and AAPL WeeklyPay™ ETF (AAPW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLW achieves a -9.26% return, which is significantly lower than AAPW's 15.21% return.

TSLW

• 1D: -0.18%
• 1M: 9.09%
• YTD: -9.26%
• 6M: -9.14%
• 1Y: 20.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPW

• 1D: -1.85%
• 1M: 14.30%
• YTD: 15.21%
• 6M: 9.47%
• 1Y: 59.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLW vs. AAPW - Yearly Performance Comparison

	2026 (YTD)	2025
TSLW Roundhill TSLA WeeklyPay™ ETF	-9.26%	33.77%
AAPW AAPL WeeklyPay™ ETF	15.21%	39.85%

Correlation

The correlation between TSLW and AAPW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025	0.26

Return for Risk

TSLW vs. AAPW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLW

TSLW Risk / Return Rank: 15
TSLW Sharpe Ratio Rank: 14
TSLW Sortino Ratio Rank: 17
TSLW Omega Ratio Rank: 17
TSLW Calmar Ratio Rank: 16
TSLW Martin Ratio Rank: 15

AAPW

AAPW Risk / Return Rank: 62
AAPW Sharpe Ratio Rank: 64
AAPW Sortino Ratio Rank: 64
AAPW Omega Ratio Rank: 62
AAPW Calmar Ratio Rank: 69
AAPW Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	TSLW	AAPW	Difference
Sharpe ratio: Return per unit of total volatility	0.37	2.17	-1.81
Sortino ratio: Return per unit of downside risk	0.87	3.01	-2.14
Omega ratio: Gain probability vs. loss probability	1.11	1.38	-0.28
Calmar ratio: Return relative to maximum drawdown	0.57	3.45	-2.88
Martin ratio: Return relative to average drawdown	1.29	8.65	-7.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLW vs. AAPW - Sharpe Ratio Comparison

The current TSLW Sharpe Ratio is 0.37, which is lower than the AAPW Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of TSLW and AAPW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSLW	AAPW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	2.17	-1.81
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.55	-0.16

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.

Drawdown Indicators

	TSLW	AAPW	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-18.23%	-1.85%	-16.38%
Average Drawdown Average peak-to-trough decline	-12.88%	-11.18%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.77%	6.91%	+8.86%

Volatility

TSLW vs. AAPW - Volatility Comparison

Roundhill TSLA WeeklyPay™ ETF (TSLW) has a higher volatility of 14.56% compared to AAPL WeeklyPay™ ETF (AAPW) at 6.61%. 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.

Volatility by Period

	TSLW	AAPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.56%	6.61%	+7.95%
Volatility (6M) Calculated over the trailing 6-month period	32.83%	19.54%	+13.29%
Volatility (1Y) Calculated over the trailing 1-year period	55.52%	27.56%	+27.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.52%	34.72%	+20.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.52%	34.72%	+20.80%

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 84.61%, more than AAPW's 31.37% yield.

Position	TTM	2025
AAPW AAPL WeeklyPay™ ETF	31.37%	28.83%
TSLW Roundhill TSLA WeeklyPay™ ETF	84.61%	49.31%

Frequently Asked Questions

Can I hold both TSLW and AAPW in my portfolio?

TSLW and AAPW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLW or AAPW?

TSLW has higher volatility (14.56%) compared to AAPW (6.61%). In terms of maximum drawdown, TSLW dropped -35.80% vs AAPW's -36.28%.

Which ETF is better, TSLW or AAPW?

On 1-year performance, AAPW leads with 59.54% vs 20.22% for TSLW. Both ETFs have the same 0.99% expense ratio. On volatility, AAPW has been the lower-risk option at 6.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLW or AAPW?

Over the 1-year period, AAPW has performed better with a 59.54% return vs 20.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLW or AAPW?

TSLW and AAPW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, TSLW or AAPW?

TSLW has the higher dividend yield at 84.61%, compared with 31.37% for AAPW.

Which has better risk-adjusted returns?

AAPW currently has the higher Sharpe Ratio (2.17 vs 0.37), 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.