AAPW vs BRKW

AAPWBRoundhill AAPL WeeklyPay ETF

BRKWCRoundhill BRKB WeeklyPay ETF

In short

AAPW Most leveraged single-stock funds reset daily. AAPW resets on the calendar week, targeting 1.2x Apple's weekly total return before fees, and cuts a distribution check every week. Cost: 1.00%, no waiver.

BRKW Berkshire Hathaway is the blue-chip outlier in Roundhill's WeeklyPay lineup of high-beta tech tickers. BRKW wraps it in swaps targeting 1.2x Berkshire's weekly total return, with a payout every week, for 1.00% a year.

Stated mandate

AAPW AAPW seeks income and growth by making weekly distributions while targeting 1.2 times the calendar-week total return of Apple common shares, before fees and expenses.

BRKW BRKW seeks weekly distributions and calendar-week returns before fees and expenses equal to 1.2 times the calendar-week total return of Berkshire Hathaway common shares.

Why people hold it

• AAPW Leverage dialed down, not up: 120% of Apple's calendar-week total return before fees and expenses, with the objective defined over the week and nothing longer.sec.gov
• Paying is the point. The prospectus lists weekly distributions as the primary objective and the 1.2x weekly return as the secondary one, an unusual order of operations.sec.gov
• At 1.00% with no waiver, it sits right alongside its WeeklyPay siblings (AMDW 1.00%, COSW 0.99%) and TSYX at 0.98%, and near the category median fee.
• In a peer group of leveraged single-stock income funds, this ranks among the stronger implementations, hitting its stated weekly target closely.

• BRKW Gentle leverage by single-stock standards: 1.2 times, not 2x or 3x, and exposure resets weekly rather than daily, so a single rough session does not reset the whole trade.sec.gov
• Weekly by design: the swap resets at the last close of each week and pays a coupon into the fund, which is the engine behind the weekly distribution.sec.gov
• Costs 1.00% a year with no waiver in play, in line with the typical fund in its single-stock income category and the same sticker as stablemates AAPW and MSFW at 1.00%.
• The reference is Berkshire Hathaway common shares, and the fund's measured volatility sits at the calmer end of the leveraged single-stock crowd.

Worth knowing

• AAPW The weekly reset is the mechanism and the catch: hold past Friday and your result can drift from 1.2x Apple's move. A single week can take the whole investment.sec.gov
• Distributions can exceed the fund's income and gains. The excess is return of capital, your own money handed back, which reduces net asset value.roundhillinvestments.com
• It is a small fund that trades lightly, and its Apple exposure comes through swaps with a counterparty plus Treasury collateral rather than shares.sec.gov

• BRKW Weekly, not daily: inside a week the move can drift from 1.2 times the stock, and the filings say plainly it is not built for investors seeking daily exposure.sec.govroundhillinvestments.com
• A small fund that trades lightly and only launched in 2025, so limit orders and a glance at the spread earn their keep.
• Distributions can include return of capital, which reduces your cost basis. A big payout rate is not the same thing as a big total return.sec.gov

Full AAPW profile⁠

Full BRKW profile⁠