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TOPW Roundhill Top WeeklyPay ETF

Option income on SPY, paying weekly

Over the year to Sep 11, 2026, TOPW paid 35.3% in cash and still finished 18.6 points behind SPY.

Roundhill · Income ETFs · data as of

Key facts

35.3%Cash paid, 1 year, on its starting price
−1.1%Total return, 1 year
−18.6 ptsAgainst SPY
38.7%Latest payout, annualized

Method

ETFIQ Return Stability Score

8.4158th of 162

TOPW paid 35.3% in cash. Its price fell 36.6%, so 100% of what you were paid came back out of your own capital.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −38.1 ptsMDST −30.2 ptsSLTY −29.1 ptsBLOX −27.8 ptsEIPI −27.8 ptsYQQQ −27.6 ptsULTY −23.3 ptsGDXY −22.0 ptsHIGH −20.8 ptsTDVI −18.3 ptsYMAX −18.1 ptsHISF −17.3 ptsACKY −17.2 ptsRMIF −17.2 ptsWEEI −16.9 ptsNDIV −16.6 ptsLQDW −16.2 ptsOARK −15.8 ptsFDND −15.5 ptsTCAL −15.0 ptsQRMI −14.8 ptsSDVD −14.8 ptsLFGY −14.5 ptsSLJY −14.5 ptsSCLZ −14.1 ptsYFYA −13.9 ptsQUSA −13.5 ptsHYGW −13.0 ptsJULH −13.0 ptsXLRI −13.0 ptsMAGY −12.9 ptsYYY −12.7 ptsXLKI −12.6 ptsJULJ −12.4 ptsLJUL −12.4 ptsJANJ −12.3 ptsLJAN −12.3 ptsFGSI −12.2 ptsLOCT −12.1 ptsRNTY −12.1 ptsAIPI −12.0 ptsIWMY −12.0 ptsOCTJ −11.9 ptsHIPS −11.7 ptsJUCY −11.6 ptsXLEI −11.6 ptsAPRJ −11.3 ptsLAPR −11.3 ptsXISE −11.3 ptsXIJN −11.1 ptsCVRD −11.0 ptsJANH −11.0 ptsAPRH −10.9 ptsXBTY −10.7 ptsXIDE −10.7 ptsOCTH −10.6 ptsJEPI −10.3 ptsXIMR −10.1 ptsSRHR −9.7 ptsXRMI −8.7 ptsVEGA −8.3 ptsBUYW −8.2 ptsIAUI −7.9 ptsBAGY −7.7 ptsXV −7.5 ptsKHPI −7.3 ptsYBTC −7.3 ptsFTHI −7.0 ptsYLDE −6.8 ptsIGLD −6.1 ptsQQQI −6.1 ptsRDVI −6.0 ptsSPIN −5.9 ptsFEPI −5.8 ptsIWMW −5.8 ptsTYLG −5.7 ptsBITY −5.6 ptsSPUT −5.4 ptsWTPI −5.2 ptsPAPI −4.7 ptsXLVI −4.7 ptsETCO −4.3 ptsJEPQ −4.1 ptsCAIE −4.0 ptsFTKI −3.9 ptsGPTY −3.7 ptsIQQQ −3.7 ptsGIAX −3.4 ptsBIGY −3.3 ptsISPY −3.1 ptsRYLD −3.1 ptsWEEL −2.9 ptsYMAG −2.9 ptsRDTY −2.6 ptsXLBI −2.5 ptsNBOS −1.8 ptsRYLG −1.8 ptsSPYI −1.7 ptsFTQI −1.6 ptsKNG −1.6 ptsTSPY −1.6 ptsTHTA −1.5 ptsQQQY −1.3 ptsRDTE −1.3 ptsDIVO −1.2 ptsSIXH −1.2 ptsXYLD −1.2 ptsDFII −1.1 ptsGPIQ −1.1 ptsQDTY −1.1 ptsXYLG −1.1 ptsXDTE −0.9 ptsQDTE −0.7 ptsQYLD −0.7 ptsXLII −0.7 ptsXPAY −0.7 ptsEGGY −0.6 ptsJOYT −0.6 ptsSDTY −0.6 ptsWDTE −0.4 ptsBTCC −0.3 ptsQYLG −0.3 ptsGPIX 0.0 ptsDJIA +0.1 ptsDYLG +0.3 ptsIWMI +0.3 ptsKGLD +0.3 ptsXLFI +0.3 ptsIVVW +0.4 ptsLTTI +0.5 ptsLQTI +0.6 ptsPBP +0.6 ptsHYTI +0.9 ptsTDAQ +0.9 ptsCSHI +1.3 ptsBALI +1.4 ptsYETH +1.5 ptsHYBL +1.6 ptsXLUI +1.6 ptsCHPY +1.9 ptsBTCI +2.1 ptsSOXY +2.3 ptsITWO +2.5 ptsDOGG +2.7 ptsCEPI +2.9 ptsXLYI +2.9 ptsYBIT +2.9 ptsTLTP +3.4 ptsDUBS +4.0 ptsSEPI +4.7 ptsXLCI +5.2 ptsIDVO +5.4 ptsTLTW +5.4 ptsBCCC +6.3 ptsOMAH +6.5 ptsIDUB +6.9 ptsXLSI +8.8 ptsUSOY +10.5 ptsBUCK +10.9 ptsKLIP +20.9 ptsNVYY +24.6 ptsTOPW −18.6 ptsTOPW −18.6 pts−38.1 pts+24.6 pts

5.9% of the 162 sit at or below TOPW on this measure.

What happened to the principal
ETCO −75.0%XBTY −74.7%YETH −67.4%YBTC −61.4%BTCC −59.9%YBIT −58.9%BAGY −58.0%SLTY −54.4%ULTY −53.3%NVYY −52.4%BITY −51.9%BCCC −49.4%BTCI −46.9%DFII −44.8%LFGY −43.0%YMAX −41.0%BLOX −38.8%OARK −33.3%KLIP −32.8%GDXY −32.5%YMAG −27.1%YQQQ −26.3%MAGY −25.8%IWMY −23.1%CEPI −21.0%RDTY −19.9%RDTE −19.4%QDTE −18.5%EGGY −15.1%TLTP −14.5%XLYI −14.1%LTTI −13.8%ACKY −13.7%WDTE −13.7%QQQY −13.0%QDTY −12.8%XDTE −12.8%AIPI −12.2%QUSA −11.8%LQTI −10.4%TLTW −10.3%SDTY −9.9%GIAX −9.8%XLUI −9.5%HIGH −9.3%LQDW −9.3%TCAL −9.0%FEPI −8.5%XV −8.4%IGLD −8.1%XLRI −8.0%XLCI −7.9%FDND −7.6%YYY −7.5%XLSI −7.3%RNTY −6.5%HYTI −6.3%GPTY −6.0%OMAH −6.0%XLBI −5.7%HYGW −5.6%IWMW −5.3%HIPS −5.2%XPAY −4.9%HISF −4.7%QRMI −4.2%USOY −4.0%RMIF −3.9%XLFI −3.8%FGSI −3.2%BUCK −2.5%HYBL −2.5%JUCY −2.3%XRMI −2.3%MLPD −1.7%CAIE −1.6%IAUI −1.6%YFYA −1.6%IVVW −1.4%CVRD −1.3%JEPI −1.1%KNG −0.9%XIJN −0.7%JULJ −0.6%WTPI −0.5%CSHI −0.4%JULH −0.3%LJUL −0.2%XISE 0.0%JANH +0.1%JANJ +0.1%LAPR +0.1%LOCT +0.1%LJAN +0.2%OCTJ +0.2%XLII +0.2%APRJ +0.3%OCTH +0.3%XIDE +0.3%XIMR +0.4%APRH +0.5%TSPY +0.6%KHPI +0.7%BIGY +0.8%WEEL +0.9%SRHR +1.0%FTHI +1.1%QQQI +1.5%XLVI +2.1%SPYI +2.6%QYLG +2.8%YLDE +2.8%BUYW +2.9%SDVD +3.0%XYLG +3.4%KGLD +3.8%THTA +3.9%DJIA +4.2%FTKI +4.3%SCLZ +4.4%PAPI +4.5%RYLD +4.7%XLKI +5.0%PBP +5.1%IWMI +5.3%DYLG +5.4%TDAQ +5.9%XYLD +5.9%JEPQ +6.0%SPIN +6.1%NBOS +6.5%SPUT +6.5%RYLG +7.1%GPIX +7.9%FTQI +8.0%DOGG +8.2%ISPY +8.4%QYLD +8.4%DIVO +8.9%MDST +9.3%VEGA +9.4%BALI +9.5%GPIQ +9.8%SLJY +11.0%RDVI +11.7%TDVI +11.7%IQQQ +12.3%SEPI +13.8%XLEI +13.8%SIXH +14.1%ITWO +14.3%EIPI +14.6%JOYT +16.1%IDVO +16.4%DUBS +18.9%WEEI +18.9%IDUB +19.0%TYLG +21.2%NDIV +22.9%CHPY +24.9%SOXY +68.6%TOPW −36.6%TOPW −36.6%−75.0%+68.6%

10.8% of the 162 sit at or below TOPW on this measure.

Weighted evenly, those two positions are what the score combines, across the 162 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−18.6 pts5.950%
what happened to the principal−36.6%10.850%

All income ETFs ranked by this score · How it is computed

66th of 71 income ETFs writing on SPY, by return against it 83rd of 371 income ETFs by net assets

What a holder got

TOPW against SPYTOPW returned −1.1% with distributions reinvested against +17.5% for S&P 500 (SPY), used as a default proxy, a gap of −18.6 pts. Of that, 35.3% arrived as cash rather than price.−1.1%TOPW total return+17.5%S&P 500 (SPY), used as a default proxy

Over the year to Sep 11, 2026, TOPW returned −1.1% with distributions reinvested and S&P 500 (SPY), used as a default proxy returned +17.5%, so a holder came out behind it by 18.6 points. The lighter segment is the 35.3% that arrived as cash rather than as price.

Method

Period by period

TOPW over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnSPYAhead or behind
3 months8.7%−3.8%+5.1%+3.3%+1.8 pts
6 months18.7%−3.8%+15.6%+16.0%−0.4 pts
1 year35.3%−36.6%−1.1%+17.5%−18.6 pts
Since launch36.4%−34.7%+1.9%+19.0%−17.2 pts

Method

When TOPW pays

TOPW pays weekly. The last distribution was $0.2491 a share, which went ex on Sep 9, 2026, with payment about 1 day later. The next has not been declared. On its own cadence of about 7 days the ex-date falls near Sep 16, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for TOPW. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Sep 16, 2026Sep 17, 2026$0.2491ETFIQ projection from the fund’s own cadence
Sep 23, 2026Sep 24, 2026$0.2491ETFIQ projection from the fund’s own cadence
Sep 30, 2026Oct 1, 2026$0.2491ETFIQ projection from the fund’s own cadence
Oct 7, 2026Oct 8, 2026$0.2491ETFIQ projection from the fund’s own cadence
Oct 14, 2026Oct 15, 2026$0.2491ETFIQ projection from the fund’s own cadence
Oct 21, 2026Oct 22, 2026$0.2491ETFIQ projection from the fund’s own cadence
Every distribution ETFIQ holds for TOPW (13, most recent first)
Cash distributions per share for TOPW. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 9, 2026$0.2491
Sep 1, 2026$0.1874
Aug 25, 2026$0.2039
Aug 18, 2026$0.2931
Aug 11, 2026$0.228
Aug 4, 2026$0.2071
Jul 28, 2026$0.231
Jul 21, 2026$0.3096
Jul 14, 2026$0.2968
Jul 7, 2026$0.1584
Jun 30, 2026$0.2871
Jun 23, 2026$0.208
Jun 16, 2026$0.1621

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Sep 4, 2025, TOPW has returned +1.9% with distributions reinvested, against +19.0% for S&P 500 (SPY), used as a default proxy, and has paid out 36.4% of its starting value in cash along the way. It pays weekly, and at its current price the latest distribution annualizes to 38.7%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.

TOPW (Roundhill Top WeeklyPay ETF), income ETFs fields as of Sep 11, 2026. Source: ETFIQ.
Strategyoption income
BenchmarkS&P 500 (SPY), used as a default proxy (proxy)
Paysweekly
Net assets (source, as filed for Jun 30, 2026)$150m
Latest payout, annualized (ETFIQ)38.7%
Expense rationot read by ETFIQ
Cash paid, last 12 months, over today’s price (ETFIQ)55.7%
LaunchedSep 4, 2025
Paysweekly
Typical gap between ex-dates7 days
Typical wait from ex-date to payment1 day
Last paid, per share$0.2491 ex Sep 9, 2026
Sum of the last 12 distributions$2.8596

Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed

Questions people ask

How much has TOPW paid over the last year?
Over the year to Sep 11, 2026, TOPW paid 35.3% of its starting price in cash distributions, while the price fell 36.6%.
Is TOPW ahead of SPY?
Over the year to Sep 11, 2026, with every distribution reinvested, TOPW returned −1.1% against +17.5% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 18.6 points.
How often does TOPW pay, and how much?
TOPW pays weekly. The latest distribution annualizes to 38.7% at its price on Sep 11, 2026, which is not a promise; the next one can differ.
When does TOPW next pay a distribution?
TOPW pays weekly. The last distribution went ex on Sep 9, 2026 at $0.2491 a share. The next is not declared; on a cadence of about 7 days the ex-date falls near Sep 16, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

Where these figures came from

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

Funds near this one

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TOPW payout bar, ETFIQ

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<p><a href="https://etfiq.com/funds/TOPW">TOPW payout bar, updated daily by ETFIQ</a></p>

Where TOPW is written about

TOPW, Income ETFs, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
Use this data, or open the live card

Open TOPW live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, TOPW, income ETFs, data as of Sep 11, 2026. https://etfiq.com/funds/TOPW Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources