Which paid more, COIW or FIAT?

Over the year to Sep 30, 2026, COIW paid 30.9% of its starting price in cash and FIAT paid 69.4%, so FIAT paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, COIW or FIAT?

With every distribution reinvested, COIW returned −55.0% and FIAT +23.5% over the year to Sep 30, 2026.

Which is cheaper, COIW or FIAT?

COIW charges 0.99% a year and FIAT charges 1.05%, so COIW is cheaper. Fees come from each fund's prospectus.

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COIW vs FIAT: which paid, and which earned it?

Over the year FIAT paid 69.4% of its price in cash against COIW’s 30.9%, and returned more with it reinvested. Roundhill COIN WeeklyPay ETF and YieldMax(R) Short COIN Option Income Strategy ETF.

30.9%

COIW cash paid, 1 year

69.4%

FIAT cash paid, 1 year

−55.0%

COIW total return, 1 year

+23.5%

FIAT total return, 1 year

COIW · 1 year to Sep 30, 202610.3 pts behind COIN

COIW

−55.0%

COIN

−44.8%

10.3 pts behind COIN

COIW over 1 year: paid 30.9%, price −77.9%, total −55.0%, COIN −44.8%, −10.3 pts.

COIN

−44.8%

COIW

−55.0%

10.3 pts behind COIN

Total return, distributions reinvested

10.3 pts behind COIN

COIW over 1 year: paid 30.9%, price −77.9%, total −55.0%, COIN −44.8%, −10.3 pts.

COIN

−44.8%

COIW

−55.0%

10.3 pts behind COIN

30.9% of it arrived as cash. Total return, distributions reinvested. COIW over 1 year: paid 30.9%, price −77.9%, total −55.0%, COIN −44.8%, −10.3 pts.

FIAT · 1 year to Sep 30, 202668.2 pts ahead of COIN

FIAT

+23.5%

COIN

−44.8%

68.2 pts ahead of COIN

FIAT over 1 year: paid 69.4%, price −43.3%, total +23.5%, COIN −44.8%, +68.2 pts.

COIN

−44.8%

FIAT

+23.5%

69.4% as cash

68.2 pts ahead of COIN

Total return, distributions reinvested

68.2 pts ahead of COIN

FIAT over 1 year: paid 69.4%, price −43.3%, total +23.5%, COIN −44.8%, +68.2 pts.

COIN

−44.8%

FIAT

+23.5%

68.2 pts ahead of COIN

69.4% of it arrived as cash. Both charts share one scale, 0 to +23.5%. FIAT over 1 year: paid 69.4%, price −43.3%, total +23.5%, COIN −44.8%, +68.2 pts.

ETFIQ Return Stability Score · FIAT scores higherWas the payout funded by returns, or by your own capital?

COIW 18.6

FIAT 75.8

7.2, the lowest in this set97.2, the highest

A percentile among the 70 income ETFs writing on a single company. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, COIW and FIAT hold 83% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Jun 30, 2026.

50%

half

83% in common

Positions both hold, largest shared weight first

Holding COIW FIAT

TREASURY BILL 96.59% 83.08%

Only in COIW

Coinbase Global Inc 3.40%

Only in FIAT

TREASURY BILL 15.42%

TREASURY BILL 1.50%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	COIW	FIAT	COIW	FIAT	COIW	FIAT
3 months	+18.7%	−14.6%	17.7%	15.8%	+1.7 pts	−31.6 pts
6 months	+4.4%	−14.7%	29.8%	29.8%	−3.4 pts	−22.5 pts
1 year	−55.0%	+23.5%	30.9%	69.4%	−10.3 pts	+68.2 pts
Since launch COIW Feb 2025 · FIAT Jul 2024	−43.0%	−48.4%	61.4%	64.5%	−15.1 pts	−33.3 pts

COIW and FIAT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

COIW

Roundhill COIN WeeklyPay ETF · Option income on COIN, paying weekly

FIAT

YieldMax(R) Short COIN Option Income Strategy ETF · Short single-stock option income on COIN, paying weekly

Issuer Roundhill YieldMax

Strategy option income short single-stock option income

Benchmark Coinbase (COIN) Coinbase (COIN)

Pays weekly weekly

Payout rate, annualized 97.2% 52.8%

Expense ratio 0.99% 1.05%

Cash paid, 1 year 30.9% 69.4%

Price change, 1 year −77.9% −43.3%

Total return, 1 year −55.0% +23.5%

Benchmark return, 1 year −44.8% −44.8%

Ahead or behind −10.3 pts +68.2 pts

Return of capital, latest estimate not published 95%

Age 588 days 812 days

Net assets $44m $29m

COIW and FIAT on the same fields, as of Sep 30, 2026. Source: ETFIQ.

COIW in plain words

Over the year to Sep 30, 2026, COIW paid 30.9% of its starting value in cash distributions while its price fell 77.9%. With every distribution reinvested, the fund returned −55.0%. Coinbase (COIN) returned −44.8% over the same days, so a holder was behind by 10.3 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 97.2%, paid weekly.

FIAT in plain words

Over the year to Sep 30, 2026, FIAT paid 69.4% of its starting value in cash distributions while its price fell 43.3%. With every distribution reinvested, the fund returned +23.5%. Coinbase (COIN) returned −44.8% over the same days, so a holder was ahead by 68.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 52.8%, paid weekly. YieldMax estimates that 95% of the distribution paid Oct 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, COIW or FIAT?: Over the year to Sep 30, 2026, COIW paid 30.9% of its starting price in cash and FIAT paid 69.4%, so FIAT paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, COIW or FIAT?: With every distribution reinvested, COIW returned −55.0% and FIAT +23.5% over the year to Sep 30, 2026.
Which is cheaper, COIW or FIAT?: COIW charges 0.99% a year and FIAT charges 1.05%, so COIW is cheaper. Fees come from each fund's prospectus.

Other comparisons

COIW vs CONY COIW vs COYY COIW vs ATC FIAT vs CONY FIAT vs COYY FIAT vs ATC

COIW on its own →FIAT on its own →How every figure is computed →Standards and sources →

Where these figures came from

COIW filings on SEC EDGAR ↗COIW prospectus with the expense ratio (SEC) ↗Roundhill page for COIW ↗FIAT filings on SEC EDGAR ↗FIAT prospectus with the expense ratio (SEC) ↗FIAT 19a-1 distribution notice ↗YieldMax page for FIAT ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, COIW against FIAT, data as of Sep 30, 2026. https://etfiq.com/compare/income/coiw-vs-fiat

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.