AAPW vs GDXW

AAPWBRoundhill AAPL WeeklyPay ETF

GDXWCRoundhill Gold Miners 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.

GDXW Gold miners with the leverage dial turned down: GDXW targets 1.2x GDX's weekly total return, resetting Friday to Friday instead of daily, and pays cash out every week.

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.

GDXW GDXW seeks weekly distributions and weekly returns equal to 1.2 times the calendar-week total return of the VanEck Gold Miners ETF, before fees and expenses.

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.

• GDXW Leverage resets once a week (Friday close to Friday close), so the compounding math plays out over weeks rather than the daily grind most leveraged funds run on.sec.govroundhillinvestments.com
• At 0.99% a year, it undercuts the typical leveraged bull fund, and it sits in the upper half of that peer group on our review.roundhillinvestments.com
• No options selling here. Exposure comes from total return swaps plus common stock, with weekly distributions built into the design.roundhillinvestments.comsec.gov

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

• GDXW Weekly payouts are not free income. Roundhill notes distributions may exceed the fund's income and gains, making part of them a return of capital.roundhillinvestments.com
• The 1.2x multiplier magnifies GDX's down weeks too, and miners swing hard. The fund is non-diversified and leans on swap counterparties.sec.govroundhillinvestments.com
• Launched in October 2025, so the track record is short. The prospectus says it suits investors who actively monitor their holdings.roundhillinvestments.comsec.gov

Full AAPW profile⁠

Full GDXW profile⁠