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WPAY (Roundhill Investments - WeeklyPay Universe ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
The Roundhill WeeklyPay Universe ETF seeks to track the performance of the Solactive Roundhill WeeklyPay Universe Index. WPAY is designed to invest in the eligible universe of single-stock WeeklyPay ETFs.
Is WPAY's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Roundhill WeeklyPay™ Universe ETF (WPAY) to be renamed Roundhill Top WeeklyPay™ ETF (TOPW) NEW YORK, March 19, 2026 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative financial products, has announced several significant changes to the Roundhill WeeklyPay™ Universe ETF (WPAY). The Fund will be renamed to the Roundhill Top WeeklyPay™ ETF (TOPW) to reflect upcoming strategy changes.
The YieldMax Magnificent 7 Fund of Option Income ETFs (Sell) and the Roundhill WeeklyPay Universe ETF (downgraded to Hold) are high-yield, option-based ETFs with significant capital erosion risks. WPAY employs 1.2x leverage and broader sector exposure, offering uncapped upside but higher volatility and NAV erosion in sideways/down markets. YMAG focuses exclusively on the Magnificent 7 with covered calls, capping upside and accelerating capital erosion.
WPAY has solid core holdings, and the fund's strategy is simple but should be effective. This ETF's leveraged position in some more volatile positions, such as Coinbase, will likely make this fund more dependent on this position, but that should be a minor issue. WPAY's decision to not pay upside gains or downside losses makes the investment higher-risk, but also more likely to maximize the income this ETF can pay out.
The Roundhill WeeklyPay Universe ETF has delivered negative total returns since inception, raising concerns about capital recovery for income-focused investors. WPAY's high volatility, limited to 20-24 holdings, undermines its reliability as a stable income source compared to broader, lower-beta ETFs like QDTE or XDTE. The issue of NAV erosion and poor DRIP recovery compounds WPAY's unattractiveness, especially during volatile market periods when stability is paramount.
Roundhill WeeklyPay Universe ETF (WPAY) remains a buy, leveraging uncapped equity growth and AI-driven margin expansion for high-yield income. WPAY's 45.7% estimated annual yield is attractive, but payouts and share price are highly sensitive to market momentum and leverage risks. The ETF's strategy avoids options, using 1.2x leverage on large-cap, AI-focused equities, amplifying both upside and downside scenarios.