AAPW vs COSW

AAPWBRoundhill AAPL WeeklyPay ETF

COSWBRoundhill COST 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.

COSW Costco with the volume dial set to 1.2, plus a paycheck. COSW targets 1.2 times Costco stock's calendar-week return and is built to distribute weekly, a gentler multiple in a category that usually starts at 2x.

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.

COSW COSW seeks weekly shareholder distributions and targets calendar-week returns, before fees and expenses, equal to 1.2 times the total return of Costco 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.

• COSW Leverage with a smaller step: the fund targets 1.2 times Costco common shares' calendar-week total return, before fees, rather than the 2x and 3x resets that dominate single-stock leverage.roundhillinvestments.com
• Income is designed in, not incidental. The WeeklyPay structure seeks shareholder distributions on a weekly schedule, a faster cadence than the quarterly norm.roundhillinvestments.com
• The 0.99% expense ratio lands near the middle of the leveraged single-stock pack, close to the category median and to what peers like GGLL and AAPU charge.

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

• COSW The 1.2x works in both directions on one company's stock, and because exposure resets each period, results over months can drift from 1.2x Costco's move, especially in choppy markets.
• Roundhill discloses that distributions can include return of capital, meaning part of a payout may be your own investment coming back rather than income the fund earned.roundhillinvestments.com
• A late-2025 launch still building scale, so trading can be thinner and spreads wider than in the category's household names.

Full AAPW profile⁠

Full COSW profile⁠