ROUNDHILLEvery Roundhill Weekly Payer Ranked by Yield & Total Return
Fifty-four funds. About $34.5 billion in assets. Distribution rates from 3% to over 50%. Here is the entire weekly-paying side of the Roundhill shelf in one place, sorted by the numbers that actually decide whether a fund works.
See them inside PRO →
Roundhill is now a weekly income shop
The thematic ETF sponsor that launched the metaverse fund is now the second-biggest name in weekly distributions.
Roundhill started life in 2018 as a thematic shop. Metaverse, sports betting, video games, generative AI. Those funds still exist and several are large. But the reason Roundhill shows up on this site is what happened after 2024, when the firm built out three separate families of funds that pay every single week rather than monthly or quarterly.
That decision worked. Roundhill now lists 54 ETFs with roughly $34.5 billion in combined assets, which makes it the 24th largest ETF provider in the United States. The average expense ratio across the lineup runs about 0.80%.
The important thing to understand before you read the tables below is that not all 54 pay weekly. The weekly schedule belongs to three specific families, and they work in completely different ways from each other.
The 0DTE covered call funds
Sell zero-days-to-expiration calls on an index every morning and distribute the premium every week. Long the index, short daily upside. The oldest and largest of the three families.
The WeeklyPay single-stock series
Target roughly 150% of the weekly total return of one stock and pay weekly. Amplified exposure, amplified everything. The fastest-growing family and the riskiest.
The weekly T-bill fund
Short-dated Treasury bills with a weekly payout. About 3.6% and no option strategy at all. The boring one, and the only one where the distribution is genuinely just interest.
Roundhill weekly ETFs ranked by distribution rate
Live from the same database that powers our PRO terminal. Click any column header to re-sort.
| # | Ticker | Fund Name | Dist. Rate | Total Return | AUM | Expense |
|---|---|---|---|---|---|---|
| 1 | $COIW | Roundhill COIN WeeklyPay ETF | 52.0% | -55% | $33.3M | 0.99% |
| 2 | $PLTW | Roundhill PLTR WeeklyPay ETF | 45.0% | -39% | $141.4M | 0.99% |
| 3 | $GOOW | Roundhill GOOGL WeeklyPay ETF | 45.0% | +98% | $85.6M | 1.00% |
| 4 | $TSLW | Roundhill TSLA WeeklyPay ETF | 44.0% | -20% | $1.0M | 0.99% |
| 5 | $YETH | Roundhill Ether Covered Call Strategy ETF | 40.0% | -38% | $60.7M | 0.96% |
| 6 | $YBTC | Roundhill Bitcoin Covered Call Strategy ETF | 30.0% | +19% | $141.5M | 0.95% |
| 7 | $MAGY | Roundhill Magnificent Seven Covered Call ETF | 29.0% | +21% | $115.5M | 0.99% |
| 8 | $RDTE | Roundhill Russell 2000 0DTE Covered Call Strategy ETF | 25.0% | +45% | $185.4M | 0.97% |
| 9 | $QDTE | Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 24.0% | +59% | $969.9M | 0.97% |
| 10 | $XDTE | Roundhill S&P 500 0DTE Covered Call Strategy ETF | 15.0% | +47% | $344.9M | 0.97% |
| 11 | $WEEK | Roundhill Weekly T-Bill ETF | 3.4% | +5% | $184.1M | 0.19% |
Why a screener will tell you $MSTW yields 371%
This is the single most misread number in the weekly ETF world, and Roundhill funds produce the most extreme examples of it.
Pull up almost any free screener and you will find Roundhill WeeklyPay funds showing distribution yields that look impossible. $MSTW at roughly 372%. $COIW at 219%. $HOOW at 153%. $TSLW at 113%.
Those are trailing twelve month yields. The math is simple: add up the last twelve months of distributions, divide by today's share price. And that is exactly the problem. When a fund pays out heavily while its share price collapses, the numerator stays large and the denominator shrinks. The printed yield goes up because the fund is doing badly.
$MSTW, one year
The MSTR WeeklyPay fund distributed heavily all year while its share price fell more than 90%. The trailing yield calculation divides last year's large payments by this year's tiny price, and prints a number that no investor buying today will ever receive.
The number worth looking at is the forward distribution rate: the most recent weekly payment, annualized, against the current share price. That is what the table above uses, and it is why our figures for these funds look so much lower than what a screener shows. $COIW is roughly 52% on that basis, not 219%.
The general rule for weekly payers: if a trailing yield is above about 100%, it is almost always describing a fund that has fallen hard, not a fund that is paying well.
How the WeeklyPay series actually works
This is not a covered call fund, and confusing the two leads people to badly misjudge the risk.
The 0DTE funds and the WeeklyPay funds get lumped together because they both pay weekly, but the machinery underneath is completely different.
The mechanic
Each WeeklyPay ETF targets roughly 150% of the weekly total return of one underlying stock, and distributes income every week. The exposure resets on a weekly basis, not a daily one. Roundhill is explicit about this in its own fund documents: the funds provide exposure to the weekly total return of the stocks they track, and are not appropriate for investors seeking exposure to the daily total return.
That distinction matters more than it sounds. A daily-reset leveraged product decays badly in choppy markets because the leverage resets against a moving base every single session. A weekly reset dampens that effect but does not eliminate it. Over a long stretch of sideways chop, a WeeklyPay fund will still bleed relative to simply owning 1.5 shares of the stock.
What that means in practice
- Up week: you capture roughly 150% of the stock's gain, and you get paid.
- Down week: you take roughly 150% of the stock's loss, and you still get paid. The distribution does not protect you.
- Sideways for months: the fund keeps distributing, the share price grinds lower, and your total return depends entirely on whether reinvested distributions outrun the decay.
The Roundhill WeeklyPay suite now covers the following underlying stocks: AAPL, AMD, AMZN, ARM, AVGO, BABA, BRK/B, COIN, COST, GOOGL, HOOD, META, MSFT, MSTR, NFLX, NVDA, PLTR, TSLA and UBER, plus gold, gold miners and Treasury bonds.
The 0DTE family: $QDTE, $XDTE and $RDTE
Older, larger, less exciting, and by total return the best thing Roundhill has built.
The three 0DTE funds hold an index and sell zero-days-to-expiration call options against it each morning, distributing the collected premium weekly. Because the options expire the same day they are written, the fund gives up that day's upside above the strike but keeps everything the index does overnight.
This is the part of the Roundhill shelf where the numbers hold up. $QDTE is up about 59% since inception and $XDTE about 47%, both while paying every week. $RDTE, the Russell 2000 version, sits at roughly +45% with a higher rate because small caps carry more implied volatility.
The trade-off is real but ordinary: in a sustained strong rally these funds lag the index badly, because the calls get run over day after day. Anyone comparing $XDTE to $SPY over a raging bull market will be disappointed. Anyone comparing it to other weekly payers will not be.
Total return since inception, Roundhill weekly payers
Four of the top five performers are index-based. Four of the bottom four are single-stock or crypto-linked. That pattern is not unique to Roundhill, and it holds across essentially every option income issuer we track.
What these rates pay on real money
Pick a fund and an amount. Rates update live from our database.
Roundhill weekly income calculator
Estimates only. Distribution rates change every week and are not guaranteed.
Run $COIW and $XDTE side by side at the same dollar amount. $COIW pays roughly three and a half times as much per week. Over their lives so far, the $XDTE holder is up 47% and the $COIW holder is down 55%. Both statements are true at the same time, and that is the entire lesson of this asset class.
The rest of the WeeklyPay series
These funds are not yet in our live database, so the figures below come from public data and are on a different basis. Read the note.
| Ticker | Fund Name | TTM Yield | 1Y Return | AUM | Expense |
|---|---|---|---|---|---|
| $MSTW | Roundhill MSTR WeeklyPay ETF | 371.8% | -92.4% | $39.4M | 1.00% |
| $HOOW | Roundhill HOOD WeeklyPay ETF | 152.9% | -64.3% | $133.2M | 0.99% |
| $NFLW | Roundhill NFLX WeeklyPay ETF | 77.1% | -63.5% | $6.9M | 1.00% |
| $AVGW | Roundhill AVGO WeeklyPay ETF | 63.1% | -19.0% | $51.4M | 1.00% |
| $METW | Roundhill META WeeklyPay ETF | 59.6% | -53.6% | $25.6M | 1.00% |
| $NVDW | Roundhill NVDA WeeklyPay ETF | 55.5% | -25.7% | $1.9M | 1.00% |
| $AMDW | Roundhill AMD WeeklyPay ETF | 54.7% | +66.3% | $123.2M | 1.00% |
| $ARMW | Roundhill ARM WeeklyPay ETF | 54.0% | — | $26.3M | 1.00% |
| $TOPW | Roundhill Top WeeklyPay ETF | 49.7% | — | $149.2M | 0.32% |
| $GDXW | Roundhill Gold Miners WeeklyPay ETF | 48.9% | — | $74.9M | 0.99% |
| $BABW | Roundhill BABA WeeklyPay ETF | 45.8% | — | $1.5M | 1.00% |
| $AMZW | Roundhill AMZN WeeklyPay ETF | 39.7% | -16.8% | $39.1M | 1.00% |
| $UBEW | Roundhill UBER WeeklyPay ETF | 39.1% | — | $3.9M | 0.99% |
| $MSFW | Roundhill MSFT WeeklyPay ETF | 38.5% | -35.5% | $35.8M | 1.00% |
| $AAPW | Roundhill AAPL WeeklyPay ETF | 30.1% | +12.2% | $41.6M | 1.00% |
| $GLDW | Roundhill Gold WeeklyPay ETF | 25.4% | — | $17.4M | 0.99% |
| $UNHW | Roundhill UNH WeeklyPay ETF | 23.2% | — | $7.1M | 0.99% |
| $COSW | Roundhill COST WeeklyPay ETF | 23.0% | — | $10.8M | 0.99% |
| $BRKW | Roundhill BRKB WeeklyPay ETF | 22.3% | -11.7% | $15.2M | 1.00% |
| $TSYW | Roundhill Treasury Bond WeeklyPay ETF | 9.9% | — | $2.9M | 0.99% |
Two things stand out. First, $TOPW at 0.32% is by far the cheapest way into this family, because it is a fund of the other WeeklyPay funds rather than a stack of individual 0.99% wrappers. Second, $AMDW is the only fund on this list with a positive one-year return, which again comes down to what AMD stock did rather than anything the wrapper contributed.
🏆 The three columns we left out
The tables above show rate, return, size and cost. Inside PRO, every one of these funds also carries a tax treatment grade, a price decay flag, and our overall rating, updated daily alongside 400+ other income ETFs.
What can go wrong
Four failure modes, in rough order of how often they actually bite people.
- The share price does the losing while the distribution does the reassuring. A weekly deposit lands in your account whether the fund is working or not. Four of the eleven funds in the live table have negative total returns and every one of them paid every week the whole way down.
- Amplified exposure compounds badly in chop. The WeeklyPay series targets about 150% of weekly return. In a market that goes nowhere with volatility, that structure grinds the share price down even when the underlying stock finishes flat.
- Return of capital is a deferral, not a gift. A large share of these distributions has historically been classified as return of capital. It is not taxed the year you receive it, but it lowers your cost basis, which means a bigger capital gain when you sell.
- Several of these funds are very small. $TSLW, $NVDW, $BABW, $TSYW and $TPAY all sit under $5 million in assets. Small funds carry wider spreads and a real risk of closure if they never gather assets.
How the distributions are taxed
Roundhill's weekly distributions are typically a blend of ordinary income and return of capital. Roundhill publishes estimated distribution composition on each fund's page, and the split changes through the year.
Return of capital is the piece people misunderstand. It is not taxed in the year you receive it. Instead it reduces your cost basis in the shares. If you buy at $20, collect $6 of return of capital, and sell at $16, you did not lose $4 for tax purposes. Your basis is now $14 and you have a $2 gain. The tax was deferred, not avoided.
Note the contrast with index option funds that qualify for Section 1256 treatment, where gains are generally split 60% long-term and 40% short-term regardless of holding period. The Roundhill single-stock WeeklyPay funds use single-stock exposure and do not get that treatment. The 0DTE funds sell broad-based index options, which generally do.
Roundhill ETF questions, answered
Roundhill lists 54 ETFs with roughly $34.5 billion in combined assets, making it the 24th largest ETF provider in the US. Only three families pay weekly: the 0DTE covered call funds, the WeeklyPay single-stock series, and $WEEK.
Among the funds in our live database, $COIW leads at roughly 52%, followed by $PLTW and $GOOW at about 45%. Public screeners show much higher figures for several WeeklyPay funds, but those are trailing yields inflated by falling share prices.
No. The thematic and core funds like $MAGS, $CHAT, $METV and $HUMN pay little or nothing on a weekly basis. Weekly distributions apply only to $QDTE, $XDTE, $RDTE, the WeeklyPay series and $WEEK.
YieldMax funds generally sell call options on a single stock and hand you the premium, capping your upside. Roundhill WeeklyPay funds instead target roughly 150% of the weekly total return of the stock, so you keep amplified upside and take amplified downside. Different structures, similar-looking distribution rates, very different behavior in a strong rally.
That is a trailing twelve month figure. The fund paid out heavily while its share price fell more than 90%, and dividing last year's payments by today's much lower price produces a number nobody will actually receive. Use the forward distribution rate instead.
$GOOW at roughly +98% since inception, then $QDTE at about +59% and $XDTE at about +47%. The crypto and high-volatility single-stock funds sit at the bottom despite carrying the highest headline rates.
It is certainly the cheaper way. $TOPW charges 0.32% and holds the WeeklyPay funds tied to the 25 largest US companies by market cap, rebalanced quarterly to a modified market-cap weighting. You give up the ability to pick individual names, and you inherit whatever the basket does.
They use amplified exposure of roughly 150% of the underlying stock's weekly total return, which behaves like modest leverage. Importantly the reset is weekly rather than daily, so they do not decay in quite the same way as a daily 2x product, but path dependency still works against you in choppy markets.