YETH vs. AAPW

Last updated Jul 21, 2026

YETH (Roundhill Ether Covered Call Strategy ETF) and AAPW (AAPL WeeklyPay™ ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, YETH returned -37.52% vs 61.94% for AAPW. At a 0.19 correlation, their price movements are largely independent. YETH charges 0.95%/yr vs 0.99%/yr for AAPW.

Performance

YETH vs. AAPW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ether Covered Call Strategy ETF (YETH) 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, YETH achieves a -29.17% return, which is significantly lower than AAPW's 21.74% return.

YETH

• 1D: 2.16%
• 1M: 9.78%
• 6M: -33.82%
• YTD: -29.17%
• 1Y: -37.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -23.46%

AAPW

• 1D: -2.91%
• 1M: 11.04%
• 6M: 31.34%
• YTD: 21.74%
• 1Y: 61.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.94%

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

YETH vs. AAPW - Yearly Performance Comparison

	2026 (YTD)	2025
YETH Roundhill Ether Covered Call Strategy ETF	-29.17%	-22.87%
AAPW AAPL WeeklyPay™ ETF	21.74%	8.71%

Correlation

The correlation between YETH and AAPW is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.19

Return for Risk

YETH vs. AAPW — Risk / Return Rank

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

YETH

YETH Risk / Return Rank: 5
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 4
YETH Martin Ratio Rank: 5

AAPW

AAPW Risk / Return Rank: 80
AAPW Sharpe Ratio Rank: 86
AAPW Sortino Ratio Rank: 83
AAPW Omega Ratio Rank: 82
AAPW Calmar Ratio Rank: 86
AAPW Martin Ratio Rank: 65

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.

YETH vs. AAPW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) 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.

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.

	YETH	AAPW	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	2.09	-2.74
Sortino ratio: Return per unit of downside risk	-0.70	2.81	-3.52
Omega ratio: Gain probability vs. loss probability	0.91	1.36	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.64	3.59	-4.23
Martin ratio: Return relative to average drawdown	-1.03	8.55	-9.58

YETH vs. AAPW - Sharpe Ratio Comparison

The current YETH Sharpe Ratio is -0.65, which is lower than the AAPW Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of YETH 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.

Drawdowns

YETH vs. AAPW - Drawdown Comparison

The maximum YETH drawdown since its inception was -64.41%, which is greater than AAPW's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for YETH and AAPW.

Drawdown Indicators

	YETH	AAPW	Difference
Max Drawdown Largest peak-to-trough decline	-64.41%	-36.28%	-28.13%
Max Drawdown (1Y) Largest decline over 1 year	-58.73%	-17.36%	-41.37%
Current Drawdown Current decline from peak	-56.73%	-2.91%	-53.82%
Average Drawdown Average peak-to-trough decline	-32.83%	-10.64%	-22.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.32%	7.27%	+29.05%

Volatility

YETH vs. AAPW - Volatility Comparison

The current volatility for Roundhill Ether Covered Call Strategy ETF (YETH) is 10.41%, while AAPL WeeklyPay™ ETF (AAPW) has a volatility of 12.17%. This indicates that YETH 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

	YETH	AAPW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	12.17%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	40.19%	23.14%	+17.05%
Volatility (1Y) Calculated over the trailing 1-year period	57.84%	29.86%	+27.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.15%	35.02%	+20.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.15%	35.02%	+20.13%

YETH vs. AAPW - Expense Ratio Comparison

YETH has a 0.95% expense ratio, which is lower than AAPW's 0.99% expense ratio.

Dividends

YETH vs. AAPW - Dividend Comparison

YETH's dividend yield for the trailing twelve months is around 124.40%, more than AAPW's 29.42% yield.

Position	TTM	2025	2024
AAPW AAPL WeeklyPay™ ETF	29.42%	28.83%	0.00%
YETH Roundhill Ether Covered Call Strategy ETF	124.40%	109.12%	20.52%

Frequently Asked Questions

Can I hold both YETH and AAPW in my portfolio?

YETH and AAPW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YETH or AAPW?

AAPW has higher volatility (12.17%) compared to YETH (10.41%). In terms of maximum drawdown, YETH dropped -64.41% vs AAPW's -36.28%.

Which ETF is better, YETH or AAPW?

On 1-year performance, AAPW leads with 61.94% vs -37.52% for YETH. On fees, YETH is cheaper at 0.95% per year. On volatility, YETH has been the lower-risk option at 10.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YETH or AAPW?

Over the 1-year period, AAPW has performed better with a 61.94% return vs -37.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YETH or AAPW?

YETH is cheaper with a 0.95% expense ratio, compared with 0.99% for AAPW.

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

YETH has the higher dividend yield at 124.40%, compared with 29.42% for AAPW.

What is the main difference between YETH and AAPW?

Their fees differ too: 0.95% for YETH and 0.99% for AAPW.

Which has better risk-adjusted returns?

AAPW currently has the higher Sharpe Ratio (2.09 vs -0.65), 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.