TSLW vs. GOOW
TSLW (Roundhill TSLA WeeklyPay™ ETF) and GOOW (Roundhill GOOGL WeeklyPay™ ETF) are both Derivative Income funds from Roundhill. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
TSLW vs. GOOW - Performance Comparison
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Returns By Period
In the year-to-date period, TSLW achieves a -9.26% return, which is significantly lower than GOOW's 15.42% return.
TSLW
- 1D
- -0.18%
- 1M
- 9.09%
- YTD
- -9.26%
- 6M
- -9.14%
- 1Y
- 20.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOW
- 1D
- -0.89%
- 1M
- -7.95%
- YTD
- 15.42%
- 6M
- 11.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLW vs. GOOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLW Roundhill TSLA WeeklyPay™ ETF | -9.26% | 54.77% |
GOOW Roundhill GOOGL WeeklyPay™ ETF | 15.42% | 75.51% |
Correlation
The correlation between TSLW and GOOW is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | 0.40 |
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Return for Risk
TSLW vs. GOOW — Risk / Return Rank
TSLW
GOOW
TSLW vs. GOOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) and Roundhill GOOGL WeeklyPay™ ETF (GOOW). 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 | GOOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | — | — |
| Martin ratioReturn relative to average drawdown | 1.29 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSLW | GOOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 3.43 | -3.04 |
Drawdowns
TSLW vs. GOOW - Drawdown Comparison
The maximum TSLW drawdown since its inception was -35.80%, which is greater than GOOW's maximum drawdown of -24.88%. Use the drawdown chart below to compare losses from any high point for TSLW and GOOW.
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Drawdown Indicators
| TSLW | GOOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.80% | -24.88% | -10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -35.80% | — | — |
Current DrawdownCurrent decline from peak | -18.23% | -13.20% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -4.80% | -8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.77% | — | — |
Volatility
TSLW vs. GOOW - Volatility Comparison
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Volatility by Period
| TSLW | GOOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 32.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.52% | 37.38% | +18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.52% | 37.38% | +18.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.52% | 37.38% | +18.14% |
TSLW vs. GOOW - Expense Ratio Comparison
Both TSLW and GOOW have an expense ratio of 0.99%.
Dividends
TSLW vs. GOOW - Dividend Comparison
TSLW's dividend yield for the trailing twelve months is around 84.61%, more than GOOW's 35.21% yield.
| Position | TTM | 2025 |
|---|---|---|
GOOW Roundhill GOOGL WeeklyPay™ ETF | 35.21% | 19.77% |
TSLW Roundhill TSLA WeeklyPay™ ETF | 84.61% | 49.31% |
Frequently Asked Questions
TSLW and GOOW have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TSLW and GOOW have the same expense ratio: 0.99% per year.
TSLW has the higher dividend yield at 84.61%, compared with 35.21% for GOOW.
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