AAPW vs MSFW

AAPWBRoundhill AAPL WeeklyPay ETF

MSFWBRoundhill MSFT 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.

MSFW Most leveraged single-stock funds reset daily at 2x. MSFW dials it down: 1.2 times Microsoft's calendar-week total return, a payout every week, 1.00% with no fee waiver.

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.

MSFW MSFW seeks to provide weekly distributions and calendar-week returns, before fees and expenses, equal to 1.2 times the calendar-week total return of Microsoft 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.

• MSFW Leverage resets by calendar week, not daily. Hold it a full week and you get the 1.2x target; the day-by-day compounding drift of daily-reset funds is not the mechanism here.roundhillinvestments.com
• 1.2x is a gentler dial than the 2x single-stock crowd: 20% more Microsoft, up weeks and down weeks alike.roundhillinvestments.com
• Weekly distributions are the fund's primary stated objective, with the 1.2x weekly return second. The schedule is the point, not a side effect.roundhillinvestments.com
• At 1.00%, no fee waiver, it sits near its category median and matches Roundhill siblings AAPW and AMDW at 1.00%, and it has stayed close to its stated weekly target.

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

• MSFW Roundhill expects a significant share of the weekly payout to be return of capital: your own money back, trimming cost basis rather than adding income.roundhillinvestments.com
• The 1.2x works both ways, amplifying down weeks by about 20%, and the fund takes no defensive positions when Microsoft slides.roundhillinvestments.com
• A 2025 launch that still trades thinly next to mainstream single-stock funds, so limit orders help. Exposure runs through total return swaps, which carry counterparty risk.roundhillinvestments.com

Full AAPW profile⁠

Full MSFW profile⁠