UNHW vs. TOPW
UNHW (Roundhill UNH WeeklyPay ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both exchange-traded funds - UNHW is a Leveraged Equities fund actively managed by Roundhill Investments, while TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index. UNHW is actively managed, while TOPW is passively managed. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
UNHW vs. TOPW - Performance Comparison
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Returns By Period
In the year-to-date period, UNHW achieves a 22.06% return, which is significantly higher than TOPW's 7.03% return.
UNHW
- 1D
- 6.07%
- 1M
- 10.36%
- YTD
- 22.06%
- 6M
- 20.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW
- 1D
- -0.63%
- 1M
- 2.63%
- YTD
- 7.03%
- 6M
- -1.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UNHW vs. TOPW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UNHW Roundhill UNH WeeklyPay ETF | 22.06% | -3.02% |
TOPW Roundhill Top WeeklyPay ETF | 7.03% | -7.78% |
Correlation
The correlation between UNHW and TOPW is 0.27, 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 Dec 4, 2025 | 0.27 |
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Return for Risk
UNHW vs. TOPW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill UNH WeeklyPay ETF (UNHW) and Roundhill Top WeeklyPay ETF (TOPW). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| UNHW | TOPW | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.22 | +0.59 |
Drawdowns
UNHW vs. TOPW - Drawdown Comparison
The maximum UNHW drawdown since its inception was -32.28%, which is greater than TOPW's maximum drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for UNHW and TOPW.
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Drawdown Indicators
| UNHW | TOPW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -29.87% | -2.41% |
Current DrawdownCurrent decline from peak | -1.42% | -10.58% | +9.16% |
Average DrawdownAverage peak-to-trough decline | -12.40% | -12.86% | +0.46% |
Volatility
UNHW vs. TOPW - Volatility Comparison
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Volatility by Period
| UNHW | TOPW | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 50.32% | 27.30% | +23.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.32% | 27.30% | +23.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.32% | 27.30% | +23.02% |
UNHW vs. TOPW - Expense Ratio Comparison
Both UNHW and TOPW have an expense ratio of 0.99%.
Dividends
UNHW vs. TOPW - Dividend Comparison
UNHW's dividend yield for the trailing twelve months is around 16.34%, less than TOPW's 40.58% yield.
| Position | TTM | 2025 |
|---|---|---|
TOPW Roundhill Top WeeklyPay ETF | 40.58% | 21.52% |
UNHW Roundhill UNH WeeklyPay ETF | 16.34% | 2.81% |
Frequently Asked Questions
UNHW and TOPW have a correlation of 0.27, 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.
UNHW and TOPW have the same expense ratio: 0.99% per year.
TOPW has the higher dividend yield at 40.58%, compared with 16.34% for UNHW.
UNHW is categorized as Leveraged Equities, while TOPW is Derivative Income.
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