MSTW vs TDAX

MSTWCRoundhill MSTR WeeklyPay ETF

TDAXCTDAQ Lift ETF

In short

MSTW MSTR with the leverage dial at 1.2x and a payout stapled on. WeeklyPay resets exposure once a calendar week, not daily, and cuts a distribution every week sized off MSTR's own volatility. The most combustible reference stock in Roundhill's weekly lineup.

TDAX Leverage with the volume turned down. TDAX aims for 130% of the daily move of TappAlpha's Nasdaq-100 daily-call income ETF, and it pays monthly. Fee is 0.97% net of a waiver through April 30, 2028, against 1.59% gross.

Stated mandate

MSTW The Fund seeks weekly distributions and calendar-week returns, before expenses, equal to 1.2 times the calendar-week total return of MSTR.

TDAX The fund seeks daily leveraged investment results by magnifying 130% of the daily performance of the TappAlpha Innovation 100 Growth & Daily Income ETF.

Why people hold it

• MSTW Leverage resets at the close of the last business day each calendar week, so the 1.2x applies to a week's move in MSTR rather than a day's.sec.gov
• A 1.2x multiple is mild for single-stock land: 20% more than MSTR's weekly move, up or down.sec.gov
• Pays weekly, with each amount set by a formula using MSTR's recent total return and implied volatility, so the figure shifts week to week.sec.gov
• Costs 1.00% a year with no waiver, matching sibling WeeklyPay funds AAPW and MSFW at 1.00% and sitting near the category median.

• TDAX The multiple is 130%, not 200% or 300%. Same daily-reset machinery as the 2x and 3x crowd, dialed to a gentler setting.sec.gov
• It levers a basket, not a single name: TDAQ holds Nasdaq-100 exposure and writes same-day calls, so one earnings miss doesn't own the whole trade.tappalphafunds.com
• At 0.97% net of a waiver through April 30, 2028, it sits under single-stock income peers AAPW and MSFW at 1.00% and TSYX at 0.98%, and near the category's typical fee.
• Distributions arrive monthly, carried up from the income engine underneath.tappalphafunds.com

Worth knowing

• MSTW MSTR is already a high-octane bitcoin proxy; the prospectus warns an investor could lose the full principal value within a single week.sec.gov
• Distributions can include return of capital, meaning part of a payout may be your own money handed back.roundhillinvestments.com
• Hold longer than a week and results can drift from 1.2x MSTR: the fund does not seek that multiple over any period other than a calendar week.sec.gov

• TDAX Exposure resets each close. Over longer stretches your result is compounded daily moves, which the prospectus says will very likely differ from 130% of TDAQ's return.sec.gov
• TDAQ sells calls expiring the same day, which trims how much of a big up-move passes through. TDAX magnifies what's left, not the index's full move.tappalphafunds.com
• The 0.97% is net of a waiver running to April 30, 2028; the stated gross figure is 1.59%. Launched January 2026, so the live record is short.

Full MSTW profile⁠

Full TDAX profile⁠