WEEK vs. XPAY

Last updated Aug 5, 2026

WEEK (Roundhill Weekly T-Bill ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both exchange-traded funds - WEEK is a Ultrashort Bond fund actively managed by Roundhill, while XPAY is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, WEEK returned 3.65% vs 22.82% for XPAY. Their 0.04 correlation means their historical movements had little consistent relationship. WEEK charges 0.19%/yr vs 0.49%/yr for XPAY.

Performance

WEEK vs. XPAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Weekly T-Bill ETF (WEEK) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEEK achieves a 2.00% return, which is significantly lower than XPAY's 13.44% return.

WEEK

• 1D: 0.03%
• 1M: 0.22%
• 6M: 1.70%
• YTD: 2.00%
• 1Y: 3.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.82%

XPAY

• 1D: 1.90%
• 1M: 3.56%
• 6M: 12.13%
• YTD: 13.44%
• 1Y: 22.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.41%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
WEEK Roundhill Weekly T-Bill ETF	$3.96M	$3.53M	$3.88M
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	$2.13M	$2.61M	$3.74M

WEEK vs. XPAY - Yearly Performance Comparison

	2026 (YTD)	2025
WEEK Roundhill Weekly T-Bill ETF	2.00%	3.37%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	13.44%	17.54%

Correlation

The correlation between WEEK and XPAY is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.06
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.04

Return for Risk

WEEK vs. XPAY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WEEK

WEEK Risk / Return Rank: 99
WEEK Sharpe Ratio Rank: 99
WEEK Sortino Ratio Rank: 99
WEEK Omega Ratio Rank: 99
WEEK Calmar Ratio Rank: 99
WEEK Martin Ratio Rank: 99

XPAY

XPAY Risk / Return Rank: 68
XPAY Sharpe Ratio Rank: 70
XPAY Sortino Ratio Rank: 68
XPAY Omega Ratio Rank: 68
XPAY Calmar Ratio Rank: 62
XPAY Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WEEK vs. XPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Weekly T-Bill ETF (WEEK) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). 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.

	WEEK	XPAY	Difference
Sharpe ratio: Return per unit of total volatility	8.46	1.81	+6.65
Sortino ratio: Return per unit of downside risk	17.20	2.49	+14.71
Omega ratio: Gain probability vs. loss probability	4.12	1.32	+2.80
Calmar ratio: Return relative to maximum drawdown	28.25	2.45	+25.79
Martin ratio: Return relative to average drawdown	234.26	10.43	+223.83

WEEK vs. XPAY - Sharpe Ratio Comparison

The current WEEK Sharpe Ratio is 8.46, which is higher than the XPAY Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of WEEK and XPAY, 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

WEEK vs. XPAY - Drawdown Comparison

The maximum WEEK drawdown since its inception was -0.13%, smaller than the maximum XPAY drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for WEEK and XPAY.

Drawdown Indicators

	WEEK	XPAY	Difference
Max Drawdown Largest peak-to-trough decline	-0.13%	-18.20%	+18.07%
Max Drawdown (1Y) Largest decline over 1 year	-0.13%	-9.34%	+9.21%
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-0.01%	-2.33%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	2.19%	-2.17%

Volatility

WEEK vs. XPAY - Volatility Comparison

The current volatility for Roundhill Weekly T-Bill ETF (WEEK) is 0.12%, while Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) has a volatility of 4.00%. This indicates that WEEK experiences smaller price fluctuations and is considered to be less risky than XPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEEK	XPAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.12%	4.00%	-3.88%
Volatility (6M) Calculated over the trailing 6-month period	0.26%	10.16%	-9.90%
Volatility (1Y) Calculated over the trailing 1-year period	0.43%	12.76%	-12.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	16.60%	-16.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.39%	16.60%	-16.21%

WEEK vs. XPAY - Expense Ratio Comparison

WEEK has a 0.19% expense ratio, which is lower than XPAY's 0.49% expense ratio.

Dividends

WEEK vs. XPAY - Dividend Comparison

WEEK's dividend yield for the trailing twelve months is around 3.70%, less than XPAY's 20.39% yield.

Position	TTM	2025	2024
WEEK Roundhill Weekly T-Bill ETF	3.70%	3.27%	0.00%
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF	20.39%	21.21%	3.40%

Frequently Asked Questions

Can I hold both WEEK and XPAY in my portfolio?

WEEK and XPAY have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEEK or XPAY?

XPAY has higher volatility (4.00%) compared to WEEK (0.12%). In terms of maximum drawdown, WEEK dropped -0.13% vs XPAY's -18.20%.

Which ETF is better, WEEK or XPAY?

On 1-year performance, XPAY leads with 22.82% vs 3.65% for WEEK. On fees, WEEK is cheaper at 0.19% per year. On volatility, WEEK has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEK or XPAY?

Over the 1-year period, XPAY has performed better with a 22.82% return vs 3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEK or XPAY?

WEEK is cheaper with a 0.19% expense ratio, compared with 0.49% for XPAY.

Which ETF pays a higher dividend yield, WEEK or XPAY?

XPAY has the higher dividend yield at 20.39%, compared with 3.70% for WEEK.

What is the main difference between WEEK and XPAY?

WEEK is categorized as Ultrashort Bond, while XPAY is Derivative Income. Their fees differ too: 0.19% for WEEK and 0.49% for XPAY.

Which has better risk-adjusted returns?

WEEK currently has the higher Sharpe Ratio (8.46 vs 1.81), 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.