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Security Comparison

COIN vs COIW: Sell Some Upside, or Own the Shares?

A head-to-head of Roundhill's COIN WeeklyPay ETF and Coinbase Global stock covering the overlay, cost, and why they are not substitutes.

Updated October 16, 2026

How these figures are calculated: methodology.

Best for

  • COINInvestors who want direct ownership of the underlying business, with no fund wrapper or management fee.
  • COIWInvestors who want higher current income (59.26% while COIN makes no distribution).

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.

COIN has outpaced COIW over the trailing twelve months, posting a -47.57% total return against -57.52%. Measured from Feb 2025 — the start of shared available history — COIN has compounded at -21.55% a year versus -32.57% for COIW. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD cumulative1Y cumulativeSince Feb 2025Volatility Sharpe Sortino Max drawdown
COIN-23.43%-47.57%-21.55%71.9%-0.96-1.37-61.0%
COIW-31.63%-57.52%-32.57%86.8%-1.04-1.47-69.2%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 16, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Feb 2025” measures every fund from February 19, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Distribution rate and return of capital

MetricCOINCOIW
Forward distribution rate—59.26%
Trailing 12-month yield—138.34%
Return of capital—100.00%

Total return (price change plus reinvested distributions) is the Total returns section above. Return of capital is the share of a recent distribution that was not income.

Not a distribution payer

COIN (Coinbase Global Inc.) has no distribution rate on file and its distribution frequency is None. COIN is not a payer. The blank yield is not a zero yield.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricCOINCOIW
Full nameCoinbase Global Inc.Roundhill COIN WeeklyPay ETF
Issuer—Roundhill Investments
Last Close$173.16 as of October 16, 2026$7.88 as of October 16, 2026
Distribution rate—59.26%
Trailing 12-month yield—138.34%
Distribution Safety Score™ —2
Safety-Adjusted Yield —1.19%
Expense ratio—0.99%
AUM—$44.4M
Distribution frequencyNoneWeekly
Underlying index—Coinbase (COIN)
Objective—COIW targets weekly payouts and 120% of the weekly total return of Coinbase Global before fees.
Asset classEquityEquity
Inception dateN/A02/19/2025
Beta3.4093.9812
Last dividend—$0.089802 declared, pays 10/20/2026
Ex-dividend date—10/19/2026 upcoming

Bottom lineChoose COIN if you want direct ownership of the underlying business, with no fund wrapper or management fee. Choose COIW if you want higher current income (59.26% while COIN makes no distribution).

COIN vs COIW: the stock or a weekly overlay?

COIN is the shares. COIW sells options on Coinbase exposure for a weekly payout. Structure, not yield, is the decision.

COINCOIW
What you ownCoinbase common stockCoinbase plus a weekly overlay
Expense ratioNone (common stock)0.99%
Distribution rate—59.26%

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

  • Daily leverage reset. COIW targets a multiple of the index's DAILY move, resetting every session. Over weeks and months the compounding of daily resets (volatility decay) can drag returns far below the stated multiple, especially in choppy markets — and losses are magnified the same way gains are.
  • Crypto volatility. COIW sits on top of crypto-asset prices, which routinely swing far more than equities. A single drawdown can exceed a year of distributions, so income projections deserve extra skepticism here.

Income calculator

See how much monthly income a hypothetical investment would generate in each security at current yields.

ETFs57
Total AUM$31.4B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.

See our curated list of related YouTube videos on COIW.

Want to go deeper?

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Quick verdict

COIN (Coinbase Global Inc.) is a stock, while COIW (Roundhill COIN WeeklyPay ETF) is an ETF — their trading structures differ.

COIW currently shows a 59.26% distribution yield. COIN has not yet established a full distribution history, so a comparable yield figure is not available.

Who should choose each?

Choose COIN

Coinbase Global Inc.

  • Want direct stock ownership — full upside and dividend growth potential, no fund wrapper or expense ratio.
  • Prefer lower volatility — a beta of 3.4 vs 4.0 for COIW.

Choose COIW

Roundhill COIN WeeklyPay ETF

  • Want higher current income — COIW yields 59.26% while COIN makes no distribution.
  • Want straightforward crypto exposure for long-term appreciation, not income.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, COIN has no reported distribution yield yet, so a cash estimate is not available, while COIW would produce $113.96 cash per distribution, at current distribution rates.

COIN yield—
COIW yield59.26%

Cost & efficiency

COIW charges a 0.99% expense ratio — roughly $990 over 10 years on $10,000 (simplified, not compounded). COIN is a stock, not a fund, so it charges no expense ratio.

COIW ER0.99%

Strategy & risk

COIN is a stock built around financials exposure, while COIW tracks Coinbase (COIN) with a crypto approach. Beta is 3.409 for COIN and 3.9812 for COIW, making COIN the less volatile of the two by this measure.

COIN beta3.409
COIW beta3.9812

Security details

COIN (Coinbase Global Inc.) is a stock. COIW is managed by Roundhill Investments (launched 02/19/2025) with $44.4M in assets.

COIW AUM$44.4M

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Frequently asked questions

What is the difference between COIW and COIN?

COIN (Coinbase Global Inc.) is the common stock. It keeps every move in Coinbase's price and pays no regular dividend. COIW (Roundhill COIN WeeklyPay ETF) holds Coinbase exposure and sells options to pay a weekly distribution — 59.26% as of October 2026. The stock has no expense ratio; COIW charges 0.99%. A higher payout generally means more upside has been sold. Neither is universally better.

Which of COIN or COIW pays more dividend income?

COIW currently reports a distribution yield, while COIN has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between COIN and COIW?

COIN (Coinbase Global Inc.) is a stock built around financials exposure, while COIW (Roundhill COIN WeeklyPay ETF) tracks Coinbase (COIN) with a crypto approach. They are issued by — and Roundhill Investments respectively.

Can I hold both COIN and COIW?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, COIN or COIW?

COIW charges a 0.99% expense ratio. COIN is a stock, not a fund, so it has no expense ratio — owning it directly costs nothing in ongoing fund fees.

How much income does $10,000 in COIN vs COIW generate?

At current rates, COIN does not pay distributions, so there is no cash income to estimate. The same in COIW would produce about $113.96 cash per distribution ($5,926.00 annually).

Which has performed better historically, COIN or COIW?

COIN has outpaced COIW over the trailing twelve months, posting a -47.57% total return against -57.52%. Measured from Feb 2025 — the start of shared available history — COIN has compounded at -21.55% a year versus -32.57% for COIW. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

COIN vs COIW — at a glance

Generated October 17, 2026.

Overview

COIN is the common stock of Coinbase Global, a cryptocurrency exchange and financial platform.

Who each is best for

COIN: Investors seeking direct ownership of a cryptocurrency exchange platform with tolerance for high volatility and no current income requirement; those who believe in Coinbase's long-term business model and prefer capital appreciation over distributions.

  • NAV erosion at extreme yields. A 59.26% annualized payout rate on a single-stock, leveraged instrument creates pressure for NAV decline unless price appreciation and volatility exceed the distribution plus fee drag—a math that becomes harder to sustain if COIN consolidates.
  • Derivative and synthetic-income risk. COIW relies on options and total-return swaps to generate its weekly payouts. Shifts in implied volatility, swap spreads, or counterparty dynamics can reduce the realized payout or widen tracking error versus the stated 120% target.
  • Single-asset concentration. Both securities track only Coinbase. COIW magnifies this concentration through leverage, so regulatory setbacks, competitive pressure, or a decline in crypto adoption directly threaten both principal and income.

Bottom line

COIN suits investors with a multi-year horizon who want direct equity exposure to a cryptocurrency exchange and can tolerate high volatility without needing current income. COIW targets investors seeking weekly payouts from that same underlying, accepting leverage, synthetic-income mechanics, and elevated fees in exchange for consistent distributions. Past performance does not predict future results, and both securities remain tied to crypto adoption and regulatory trends.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

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These comparisons follow the Dividend Vision methodology.