AAPW vs GOOW

AAPWBRoundhill AAPL WeeklyPay ETF

GOOWBRoundhill GOOGL 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.

GOOW Alphabet exposure with a Friday paycheck. GOOW targets 1.2 times GOOGL's calendar-week total return and pays weekly, resetting its leverage at the final weekly close rather than every day.

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.

GOOW The fund seeks weekly distributions and calendar-week returns equal to 1.2 times the calendar-week total return of Alphabet common shares, 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.

• GOOW The leverage resets at the last weekly close, not daily, so the fund tracks GOOGL's calendar-week move instead of a chain of daily resets.sec.gov
• Income comes from a weekly formula tied to GOOGL's performance and implied volatility, not from written calls, so weekly upside is not capped by sold options.roundhillinvestments.comroundhillinvestments.com 2
• Costs 1.00% with no fee waiver, matching WeeklyPay siblings AAPW, MSFW and AMDW at 1.00% and sitting near the category median fee.
• Built from total return swaps plus GOOGL stock, and it lands in the upper half of its single-stock weekly-income peer group.sec.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

• GOOW Leverage cuts both ways: a down week in GOOGL hits about 20% harder, and filings warn the fund could lose all value if GOOGL fell 83.33% in one calendar week.sec.govroundhillinvestments.com
• Payouts can exceed income and gains; the excess is return of capital, handing back part of your own investment.roundhillinvestments.com
• A smaller, thinly traded fund, so spreads can be wider than at the giants of the category.

Full AAPW profile⁠

Full GOOW profile⁠