COSW vs NFLW

COSWBRoundhill COST WeeklyPay ETF

NFLWCRoundhill NFLX WeeklyPay ETF

In short

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.

NFLW A Netflix trade with a paycheck attached: NFLW targets 1.2 times NFLX's calendar-week total return and pays out weekly, resetting leverage at each week's close rather than daily. Fee: 1.00%, no waiver.

Stated mandate

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.

NFLW NFLW seeks weekly distributions and calendar-week returns, before fees and expenses, equal to 1.2 times the calendar-week total return of Netflix common shares.

Why people hold it

• 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.

• NFLW The dial is 1.2x, not 2x or 3x, and exposure resets at the close of the last business day of each calendar week instead of daily.roundhillinvestments.com
• Cash arrives weekly rather than quarterly: the fund expects to pay a distribution every week, which is the whole point of the WeeklyPay wrapper.roundhillinvestments.com
• At 1.00% with no waiver, it matches Roundhill's AAPW and AMDW (both 1.00%) and sits near the category median fee.
• Plain plumbing: NFLX total return swaps plus NFLX shares, at least 80% of net assets, and it has tracked its stated 1.2x weekly target closely since its 2025 launch.sec.gov

Worth knowing

• 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.

• NFLW Leverage runs both ways: a bad week for Netflix is amplified by the same 1.2x, and over longer stretches returns can vary in amount and direction from the stated multiple.sec.gov
• By design, the adviser intends all or a significant portion of the weekly payout to be return of capital, which is neither income nor profit and trims your cost basis.sec.govroundhillinvestments.com
• It is a small fund that trades lightly, so spreads can run wide, and buying mid-week leaves you with exposure that differs from 1.2x until the next reset.roundhillinvestments.com

Full COSW profile⁠

Full NFLW profile⁠