UX vs. NVDW

Last updated Jun 24, 2026

UX (Roundhill Uranium ETF) and NVDW (Roundhill NVDA WeeklyPay ETF) are both exchange-traded funds - UX is a Uranium fund actively managed by Roundhill, while NVDW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, UX returned -0.88% vs 40.81% for NVDW. At a 0.25 correlation, their price movements are largely independent. UX charges 0.75%/yr vs 0.99%/yr for NVDW.

Performance

UX vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Uranium ETF (UX) and Roundhill NVDA WeeklyPay ETF (NVDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UX achieves a -5.87% return, which is significantly lower than NVDW's 6.30% return.

UX

• 1D: -0.14%
• 1M: -4.39%
• YTD: -5.87%
• 6M: -5.85%
• 1Y: -0.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: -4.59%
• 1M: -8.60%
• YTD: 6.30%
• 6M: 4.41%
• 1Y: 40.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UX vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
UX Roundhill Uranium ETF	-5.87%	18.22%
NVDW Roundhill NVDA WeeklyPay ETF	6.30%	33.44%

Correlation

The correlation between UX and NVDW is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.25

Return for Risk

UX vs. NVDW — Risk / Return Rank

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

UX

UX Risk / Return Rank: 9
UX Sharpe Ratio Rank: 9
UX Sortino Ratio Rank: 9
UX Omega Ratio Rank: 9
UX Calmar Ratio Rank: 9
UX Martin Ratio Rank: 8

NVDW

NVDW Risk / Return Rank: 29
NVDW Sharpe Ratio Rank: 28
NVDW Sortino Ratio Rank: 29
NVDW Omega Ratio Rank: 27
NVDW Calmar Ratio Rank: 33
NVDW Martin Ratio Rank: 28

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.

UX vs. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Uranium ETF (UX) and Roundhill NVDA WeeklyPay ETF (NVDW). 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.

	UX	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	0.96	-0.99
Sortino ratio: Return per unit of downside risk	0.21	1.52	-1.31
Omega ratio: Gain probability vs. loss probability	1.02	1.18	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.04	1.61	-1.64
Martin ratio: Return relative to average drawdown	-0.07	3.72	-3.78

UX vs. NVDW - Sharpe Ratio Comparison

The current UX Sharpe Ratio is -0.03, which is lower than the NVDW Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of UX and NVDW, 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

UX vs. NVDW - Drawdown Comparison

The maximum UX drawdown since its inception was -24.92%, roughly equal to the maximum NVDW drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for UX and NVDW.

Drawdown Indicators

	UX	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-24.92%	-25.54%	+0.62%
Max Drawdown (1Y) Largest decline over 1 year	-24.92%	-25.54%	+0.62%
Current Drawdown Current decline from peak	-23.84%	-18.09%	-5.75%
Average Drawdown Average peak-to-trough decline	-10.58%	-8.50%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.97%	11.01%	+1.96%

Volatility

UX vs. NVDW - Volatility Comparison

The current volatility for Roundhill Uranium ETF (UX) is 7.95%, while Roundhill NVDA WeeklyPay ETF (NVDW) has a volatility of 15.16%. This indicates that UX experiences smaller price fluctuations and is considered to be less risky than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UX	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.95%	15.16%	-7.21%
Volatility (6M) Calculated over the trailing 6-month period	24.25%	32.09%	-7.84%
Volatility (1Y) Calculated over the trailing 1-year period	34.10%	42.50%	-8.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.99%	42.02%	-6.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.99%	42.02%	-6.03%

UX vs. NVDW - Expense Ratio Comparison

UX has a 0.75% expense ratio, which is lower than NVDW's 0.99% expense ratio.

Dividends

UX vs. NVDW - Dividend Comparison

UX's dividend yield for the trailing twelve months is around 1.57%, less than NVDW's 63.83% yield.

Position	TTM	2025
NVDW Roundhill NVDA WeeklyPay ETF	63.83%	38.94%
UX Roundhill Uranium ETF	1.57%	1.48%

Frequently Asked Questions

Can I hold both UX and NVDW in my portfolio?

UX and NVDW have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UX or NVDW?

NVDW has higher volatility (15.16%) compared to UX (7.95%). In terms of maximum drawdown, UX dropped -24.92% vs NVDW's -25.54%.

Which ETF is better, UX or NVDW?

On 1-year performance, NVDW leads with 40.81% vs -0.88% for UX. On fees, UX is cheaper at 0.75% per year. On volatility, UX has been the lower-risk option at 7.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UX or NVDW?

Over the 1-year period, NVDW has performed better with a 40.81% return vs -0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UX or NVDW?

UX is cheaper with a 0.75% expense ratio, compared with 0.99% for NVDW.

Which ETF pays a higher dividend yield, UX or NVDW?

NVDW has the higher dividend yield at 63.83%, compared with 1.57% for UX.

What is the main difference between UX and NVDW?

UX is categorized as Uranium, while NVDW is Derivative Income. Their fees differ too: 0.75% for UX and 0.99% for NVDW.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (0.96 vs -0.03), 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.