WDTE vs. AAPW

Last updated Jun 9, 2026

WDTE (Defiance S&P 500 Enhanced Options & 0DTE Income ETF) and AAPW (AAPL WeeklyPay™ ETF) are both Derivative Income funds. Both are actively managed. Over the past year, WDTE returned 20.90% vs 53.40% for AAPW. At a 0.49 correlation, their price movements are largely independent. WDTE charges 1.01%/yr vs 0.99%/yr for AAPW.

Performance

WDTE vs. AAPW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) and AAPL WeeklyPay™ ETF (AAPW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDTE achieves a 8.25% return, which is significantly lower than AAPW's 11.28% return.

WDTE

• 1D: 0.17%
• 1M: -0.23%
• YTD: 8.25%
• 6M: 8.53%
• 1Y: 20.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPW

• 1D: -2.57%
• 1M: 3.24%
• YTD: 11.28%
• 6M: 8.38%
• 1Y: 53.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDTE vs. AAPW - Yearly Performance Comparison

	2026 (YTD)	2025
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	8.25%	7.94%
AAPW AAPL WeeklyPay™ ETF	11.28%	8.56%

Correlation

The correlation between WDTE and AAPW is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.49

WDTE vs. AAPW - Sectors Allocation Comparison

Sectors	WDTE	AAPW
Technology	35.6%	19.9%
Financial Services	11.8%	-
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

WDTE vs. AAPW — Risk / Return Rank

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

WDTE

WDTE Risk / Return Rank: 68
WDTE Sharpe Ratio Rank: 68
WDTE Sortino Ratio Rank: 62
WDTE Omega Ratio Rank: 74
WDTE Calmar Ratio Rank: 61
WDTE Martin Ratio Rank: 77

AAPW

AAPW Risk / Return Rank: 63
AAPW Sharpe Ratio Rank: 65
AAPW Sortino Ratio Rank: 67
AAPW Omega Ratio Rank: 64
AAPW Calmar Ratio Rank: 68
AAPW Martin Ratio Rank: 50

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.

WDTE vs. AAPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) and AAPL WeeklyPay™ ETF (AAPW). 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.

	WDTE	AAPW	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.94	+0.06
Sortino ratio: Return per unit of downside risk	2.59	2.75	-0.15
Omega ratio: Gain probability vs. loss probability	1.39	1.35	+0.05
Calmar ratio: Return relative to maximum drawdown	2.74	3.09	-0.35
Martin ratio: Return relative to average drawdown	13.32	7.76	+5.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDTE vs. AAPW - Sharpe Ratio Comparison

The current WDTE Sharpe Ratio is 2.00, which is comparable to the AAPW Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of WDTE and AAPW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WDTE	AAPW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.94	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.45	+0.79

Drawdowns

WDTE vs. AAPW - Drawdown Comparison

The maximum WDTE drawdown since its inception was -15.85%, smaller than the maximum AAPW drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for WDTE and AAPW.

Drawdown Indicators

	WDTE	AAPW	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-36.28%	+20.43%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	-17.36%	+9.71%
Current Drawdown Current decline from peak	-2.63%	-5.19%	+2.56%
Average Drawdown Average peak-to-trough decline	-1.82%	-11.10%	+9.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	6.92%	-5.35%

Volatility

WDTE vs. AAPW - Volatility Comparison

The current volatility for Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) is 3.15%, while AAPL WeeklyPay™ ETF (AAPW) has a volatility of 6.96%. This indicates that WDTE experiences smaller price fluctuations and is considered to be less risky than AAPW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDTE	AAPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	6.96%	-3.81%
Volatility (6M) Calculated over the trailing 6-month period	8.80%	19.70%	-10.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	27.65%	-17.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.40%	34.66%	-23.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.40%	34.66%	-23.26%

WDTE vs. AAPW - Expense Ratio Comparison

WDTE has a 1.01% expense ratio, which is higher than AAPW's 0.99% expense ratio.

Dividends

WDTE vs. AAPW - Dividend Comparison

WDTE's dividend yield for the trailing twelve months is around 32.66%, less than AAPW's 33.19% yield.

Position	TTM	2025	2024	2023
AAPW AAPL WeeklyPay™ ETF	33.19%	28.83%	0.00%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	32.66%	35.78%	51.80%	16.41%

Frequently Asked Questions

Can I hold both WDTE and AAPW in my portfolio?

WDTE and AAPW have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDTE or AAPW?

AAPW has higher volatility (6.96%) compared to WDTE (3.15%). In terms of maximum drawdown, WDTE dropped -15.85% vs AAPW's -36.28%.

Which ETF is better, WDTE or AAPW?

On 1-year performance, AAPW leads with 53.40% vs 20.90% for WDTE. On fees, AAPW is cheaper at 0.99% per year. On volatility, WDTE has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WDTE or AAPW?

Over the 1-year period, AAPW has performed better with a 53.40% return vs 20.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WDTE or AAPW?

AAPW is cheaper with a 0.99% expense ratio, compared with 1.01% for WDTE.

Which ETF pays a higher dividend yield, WDTE or AAPW?

AAPW has the higher dividend yield at 33.19%, compared with 32.66% for WDTE.

What is the main difference between WDTE and AAPW?

They also come from different issuers: Defiance and Roundhill. Their fees differ too: 1.01% for WDTE and 0.99% for AAPW.

Which has better risk-adjusted returns?

WDTE currently has the higher Sharpe Ratio (2.00 vs 1.94), 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.