ETF Evaluator:
Roundhill Top WeeklyPay ETF (TOPW)
Follow This ETF
(as of Sep 03)
Best Performing in Trading--Miscellaneous Over the Last Year
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Risk
Index
Risk
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ETF Details
Roundhill Top WeeklyPay ETF Overview
Roundhill Top WeeklyPay ETF (TOPW) is a passively managed Miscellaneous Trading--Miscellaneous exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2025.
The investment seeks to track the total return performance, before fees and expenses, of the Solactive Roundhill WeeklyPay™ Universe Index.
Under normal market conditions, the fund invests at least 80% of its total assets in the shares of the exchange-traded funds (“ETFs”) comprising the index. The index seeks to provide exposure to each WeeklyPay™ Fund whose applicable underlying security (each, an “Applicable Security”) ranks among the top twenty-five (25) constituents on the Solactive GBS United States 500 Index by market capitalization as of the “Selection Date,”. The fund is non-diversified.
About Roundhill Top WeeklyPay ETF (TOPW)
There are 7 members of the management team with an average tenure of 0.91 years: William Hershey (2025), Andrew Serowik (2025), Timothy Maloney (2025), Gabriel Tan (2025), Todd Alberico (2025), Brian Cooper (2025) and David Mazza (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Solactive Roundhill WeeklyPay Uni TR USD index with a weighting of 120%. Roundhill Top WeeklyPay ETF has 14 securities in its portfolio. The top 10 holdings constitute 95.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Roundhill Top WeeklyPay ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Roundhill Top WeeklyPay ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.8% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Roundhill Top WeeklyPay ETF has -19.1% of the portfolio in cash.
Assets Under Management
The fund has $146 million in total assets, which is above the $78 million average for the Trading--Miscellaneous category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TOPW Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Roundhill Top WeeklyPay ETF expense ratio is below average compared to funds in the Trading--Miscellaneous category. Roundhill Top WeeklyPay ETF has an expense ratio of 0.32%, which is 69% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Roundhill Top WeeklyPay ETF has a portfolio turnover rate of 42%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Trading--Miscellaneous category.
Recently, in the month of July 2026, Roundhill Top WeeklyPay ETF returned 2.4%, which earned it a grade of B, as the Trading--Miscellaneous category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Roundhill Top WeeklyPay ETF has a trailing yield of 0.00%, which is below the 68.32% category average.
The fund normally distributes its income weekly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Roundhill Top WeeklyPay ETF Grades
Year to date, the ETF has returned 0.1%, 5.0 percentage points better than the category, which translates into a grade of C.
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TOPW Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TOPW Return (NAV) | 2.4% | -2.6% | na | na | na | na |
| TOPW Return (Price) | 2.6% | -2.6% | na | na | na | na |
| NAV +/- Price Return | -0.160% | 0.032% | na | na | na | na |
| Trading--Miscellaneous Avg | 0.1% | -8.5% | -7.5% | -8.9% | -10.7% | -11.3% |
| TOPW Grade (NAV) | B | C | na | na | na | na |
| +/- Category (NAV) | 2.3% | 5.9% | na | na | na | na |
| TOPW Tax-Cost Ratio | na | na | na | na | na | na |
TOPW Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TOPW Return (NAV) | 0.1% | na | na | na | na | na | na | na | na | na | na |
| TOPW Return (Price) | 0.6% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 7.116% | na | na | na | na | na | na | na | na | na | na |
| Trading--Miscellaneous Avg | -4.9% | -8.8% | -5.4% | -17.0% | -10.3% | -12.4% | 6.5% | -12.0% | 5.8% | -4.1% | -10.4% |
| TOPW Grade (NAV) | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 5.0% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 146 Mil |
| Share Class Assets: | $ 146 Mil |
| Turnover: | 42.0% |
| Expense Ratio: | 0.32% |
| Index Fund: | Yes |
| Index Tracked: | Solactive Roundhill WeeklyPay Uni TR USD |
| Index Weighting: | 120% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 0.9 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Hershey William (2025), Serowik Andrew (2025), Maloney Timothy (2025), Tan Gabriel (2025), Alberico Todd (2025), Cooper Brian (2025), Mazza David (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 14 |
| % in Top 10 Holdings: | 95.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 95.8% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 23.3% |
| Cash: | -19.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 855-561-5728 |
| Website: | |
| Inception Date: | September 3, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.32% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 1.04% |
