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
Loading charts...
Returns By Period
In the year-to-date period, TSLW achieves a -17.23% return, which is significantly lower than GOOW's 12.38% return.
TSLW
- 1D
- -3.72%
- 1M
- -3.84%
- 6M
- -16.87%
- YTD
- -17.23%
- 1Y
- 23.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOW
- 1D
- -1.60%
- 1M
- -2.77%
- 6M
- 4.78%
- YTD
- 12.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLW vs. GOOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLW Roundhill TSLA WeeklyPay™ ETF | -17.23% | 39.30% |
GOOW Roundhill GOOGL WeeklyPay™ ETF | 12.38% | 71.16% |
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 24, 2025 | 0.40 |
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
TSLW vs. GOOW — Risk / Return Rank
TSLW
GOOW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | 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 | 0.66 | — | — |
| Martin ratioReturn relative to average drawdown | 1.40 | — | — |
Loading charts...
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.
Loading charts...
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 | -25.41% | -15.49% | -9.92% |
Average DrawdownAverage peak-to-trough decline | -13.85% | -5.72% | -8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.92% | — | — |
Volatility
TSLW vs. GOOW - Volatility Comparison
Loading charts...
Volatility by Period
| TSLW | GOOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 37.41% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.62% | 37.65% | +15.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.26% | 37.65% | +19.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.26% | 37.65% | +19.61% |
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 92.94%, more than GOOW's 41.53% yield.
| Position | TTM | 2025 |
|---|---|---|
GOOW Roundhill GOOGL WeeklyPay™ ETF | 41.53% | 19.77% |
TSLW Roundhill TSLA WeeklyPay™ ETF | 92.94% | 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 92.94%, compared with 41.53% for GOOW.
Find the right allocation for TSLW and GOOW
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