TSYW vs. IMF

Last updated Jun 23, 2026

TSYW (Roundhill Treasury Bond WeeklyPay ETF) and IMF (Invesco Managed Futures Strategy ETF) are both exchange-traded funds - TSYW is a Leveraged Bonds fund actively managed by Roundhill, while IMF is a Systematic Trend fund actively managed by Invesco. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. TSYW charges 0.99%/yr vs 0.65%/yr for IMF.

Performance

TSYW vs. IMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Treasury Bond WeeklyPay ETF (TSYW) and Invesco Managed Futures Strategy ETF (IMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSYW achieves a -1.25% return, which is significantly lower than IMF's 12.34% return.

TSYW

• 1D: -0.91%
• 1M: 2.31%
• YTD: -1.25%
• 6M: -1.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IMF

• 1D: 0.29%
• 1M: -1.42%
• YTD: 12.34%
• 6M: 12.88%
• 1Y: 20.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSYW vs. IMF - Yearly Performance Comparison

	2026 (YTD)	2025
TSYW Roundhill Treasury Bond WeeklyPay ETF	-1.25%	-3.37%
IMF Invesco Managed Futures Strategy ETF	12.34%	3.41%

Correlation

The correlation between TSYW and IMF is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	-0.14

Return for Risk

TSYW vs. IMF — Risk / Return Rank

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

TSYW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IMF

IMF Risk / Return Rank: 73
IMF Sharpe Ratio Rank: 62
IMF Sortino Ratio Rank: 56
IMF Omega Ratio Rank: 69
IMF Calmar Ratio Rank: 92
IMF Martin Ratio Rank: 84

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.

TSYW vs. IMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) and Invesco Managed Futures Strategy ETF (IMF). 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.

	TSYW	IMF	Difference
Sharpe ratio: Return per unit of total volatility	—	2.01	—
Sortino ratio: Return per unit of downside risk	—	2.61	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	5.81	—
Martin ratio: Return relative to average drawdown	—	16.81	—

Drawdowns

TSYW vs. IMF - Drawdown Comparison

The maximum TSYW drawdown since its inception was -9.79%, smaller than the maximum IMF drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for TSYW and IMF.

Drawdown Indicators

	TSYW	IMF	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-15.29%	+5.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.59%	—
Current Drawdown Current decline from peak	-5.65%	-2.33%	-3.32%
Average Drawdown Average peak-to-trough decline	-4.17%	-8.32%	+4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.24%	—

Volatility

Volatility by Period

	TSYW	IMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	10.41%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.76%	12.39%	-1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.76%	12.39%	-1.63%

TSYW vs. IMF - Expense Ratio Comparison

TSYW has a 0.99% expense ratio, which is higher than IMF's 0.65% expense ratio.

Dividends

TSYW vs. IMF - Dividend Comparison

TSYW's dividend yield for the trailing twelve months is around 8.20%, more than IMF's 0.90% yield.

Position	TTM	2025
IMF Invesco Managed Futures Strategy ETF	0.90%	1.01%
TSYW Roundhill Treasury Bond WeeklyPay ETF	8.20%	1.63%

Frequently Asked Questions

Can I hold both TSYW and IMF in my portfolio?

TSYW and IMF have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSYW or IMF?

On fees, IMF is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSYW or IMF?

IMF is cheaper with a 0.65% expense ratio, compared with 0.99% for TSYW.

Which ETF pays a higher dividend yield, TSYW or IMF?

TSYW has the higher dividend yield at 8.20%, compared with 0.90% for IMF.

What is the main difference between TSYW and IMF?

TSYW is categorized as Leveraged Bonds, while IMF is Systematic Trend. They also come from different issuers: Roundhill and Invesco. Their fees differ too: 0.99% for TSYW and 0.65% for IMF.