AAPW vs UNHW

AAPWBRoundhill AAPL WeeklyPay ETF

UNHWBRoundhill UNH 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.

UNHW Most single-stock leverage funds reset daily. UNHW works on the calendar week, aiming for 1.2 times UnitedHealth's weekly total return before fees, with weekly payouts written into the mandate.

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.

UNHW UNHW seeks weekly distributions and calendar-week returns, before fees and expenses, equal to 1.2 times the calendar-week total return of UnitedHealth Group 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.

• UNHW The reset runs calendar week to calendar week, not day to day: the stated target is 1.2x UNH's weekly total return before fees and expenses.
• 1.2x is a low dial in a cohort where 2x is the default (UNHG, GGLL and AAPU all run double). Less amplification, in both directions.
• Payouts are part of the design, not an afterthought: the fund seeks weekly distributions alongside the leveraged UNH exposure.
• The 0.99% fee sits a touch under the typical leveraged single-stock fund, and the overall build rates in the upper tier of that crowded group.

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

• UNHW Leverage compounds. Hold beyond a single week and results can drift away from 1.2x UNH, especially after choppy stretches.
• One stock, one sector: UnitedHealth earnings and health care policy headlines drive everything here.
• It launched in December 2025 and trades lightly, so spreads can run wider than in the cohort's household names.

Full AAPW profile⁠

Full UNHW profile⁠