TSLW vs. TSII

Last updated Jun 23, 2026

TSLW (Roundhill TSLA WeeklyPay™ ETF) and TSII (REX TSLA Growth & Income ETF) are both exchange-traded funds - TSLW is a Derivative Income fund actively managed by Roundhill, while TSII is a Leveraged Equities fund actively managed by REX. Both are actively managed. Over the past year, TSLW returned 23.98% vs 32.98% for TSII. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

TSLW vs. TSII - Performance Comparison

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

Returns By Period

In the year-to-date period, TSLW achieves a -14.13% return, which is significantly lower than TSII's -9.93% return.

TSLW

• 1D: 1.45%
• 1M: -6.19%
• YTD: -14.13%
• 6M: -22.33%
• 1Y: 23.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSII

• 1D: 1.43%
• 1M: -4.25%
• YTD: -9.93%
• 6M: -17.69%
• 1Y: 32.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLW vs. TSII - Yearly Performance Comparison

	2026 (YTD)	2025
TSLW Roundhill TSLA WeeklyPay™ ETF	-14.13%	32.50%
TSII REX TSLA Growth & Income ETF	-9.93%	39.41%

Correlation

The correlation between TSLW and TSII is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.99

The correlation between TSLW and TSII has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

TSLW vs. TSII — Risk / Return Rank

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

TSLW

TSLW Risk / Return Rank: 16
TSLW Sharpe Ratio Rank: 15
TSLW Sortino Ratio Rank: 18
TSLW Omega Ratio Rank: 17
TSLW Calmar Ratio Rank: 17
TSLW Martin Ratio Rank: 15

TSII

TSII Risk / Return Rank: 23
TSII Sharpe Ratio Rank: 22
TSII Sortino Ratio Rank: 23
TSII Omega Ratio Rank: 22
TSII Calmar Ratio Rank: 25
TSII Martin Ratio Rank: 21

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. TSII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) and REX TSLA Growth & Income ETF (TSII). 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	TSII	Difference
Sharpe ratio: Return per unit of total volatility	0.45	0.76	-0.30
Sortino ratio: Return per unit of downside risk	0.99	1.25	-0.27
Omega ratio: Gain probability vs. loss probability	1.11	1.15	-0.04
Calmar ratio: Return relative to maximum drawdown	0.67	1.14	-0.47
Martin ratio: Return relative to average drawdown	1.46	2.59	-1.13

TSLW vs. TSII - Sharpe Ratio Comparison

The current TSLW Sharpe Ratio is 0.45, which is lower than the TSII Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of TSLW and TSII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLW vs. TSII - Drawdown Comparison

The maximum TSLW drawdown since its inception was -35.80%, which is greater than TSII's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for TSLW and TSII.

Drawdown Indicators

	TSLW	TSII	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-29.03%	-6.77%
Max Drawdown (1Y) Largest decline over 1 year	-35.80%	-29.03%	-6.77%
Current Drawdown Current decline from peak	-22.62%	-17.69%	-4.93%
Average Drawdown Average peak-to-trough decline	-13.30%	-9.87%	-3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.42%	12.77%	+3.65%

Volatility

TSLW vs. TSII - Volatility Comparison

Roundhill TSLA WeeklyPay™ ETF (TSLW) has a higher volatility of 15.64% compared to REX TSLA Growth & Income ETF (TSII) at 14.65%. This indicates that TSLW's price experiences larger fluctuations and is considered to be riskier than TSII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLW	TSII	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.64%	14.65%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	33.62%	29.35%	+4.27%
Volatility (1Y) Calculated over the trailing 1-year period	53.11%	43.92%	+9.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.70%	46.65%	+9.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.70%	46.65%	+9.05%

TSLW vs. TSII - Expense Ratio Comparison

Both TSLW and TSII have an expense ratio of 0.99%.

Dividends

TSLW vs. TSII - Dividend Comparison

TSLW's dividend yield for the trailing twelve months is around 91.65%, more than TSII's 75.28% yield.

Position	TTM	2025
TSII REX TSLA Growth & Income ETF	75.28%	32.17%
TSLW Roundhill TSLA WeeklyPay™ ETF	91.65%	49.31%

Frequently Asked Questions

Can I hold both TSLW and TSII in my portfolio?

With a correlation of 0.99, TSLW and TSII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSLW or TSII?

TSLW has higher volatility (15.64%) compared to TSII (14.65%). In terms of maximum drawdown, TSLW dropped -35.80% vs TSII's -29.03%.

Which ETF is better, TSLW or TSII?

On 1-year performance, TSII leads with 32.98% vs 23.98% for TSLW. Both ETFs have the same 0.99% expense ratio. On volatility, TSII has been the lower-risk option at 14.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLW or TSII?

Over the 1-year period, TSII has performed better with a 32.98% return vs 23.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLW or TSII?

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

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

TSLW has the higher dividend yield at 91.65%, compared with 75.28% for TSII.

What is the main difference between TSLW and TSII?

TSLW is categorized as Derivative Income, while TSII is Leveraged Equities. They also come from different issuers: Roundhill and REX.

Which has better risk-adjusted returns?

TSII currently has the higher Sharpe Ratio (0.76 vs 0.45), 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.