Roundhill ARM WeeklyPay ETF (ARMW) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ARMW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ARMW
ARMW charges 0.99% annually. There are 129 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.28M | Nov 2024 | ARMW vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | ARMW vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | ARMW vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | ARMW vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | ARMW vs QQA |
Best Risk-Adjusted Alternatives to ARMW
Among 142 ETFs in the Derivative Income category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | ARMW vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | ARMW vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | ARMW vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | ARMW vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | ARMW vs TSMY |
Top Performing ARMW Alternatives (YTD)
ARMW is at 363.23% YTD. No ETFs in the Derivative Income category have higher YTD returns; the top-performing alternatives shown here go as high as 192.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | ARMW vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | ARMW vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | ARMW vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | ARMW vs MRNY | |
| Roundhill AVGO WeeklyPay™ ETF | 43.84% | 57.50M | Jul 2025 | ARMW vs AVGW |
Lowest Volatility Alternatives to ARMW
ARMW has 88.46% 1-year volatility. There are 257 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | ARMW vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | ARMW vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | ARMW vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | ARMW vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | ARMW vs LQTI |
Lowest Drawdown Alternatives to ARMW
Among 142 ETFs in the Derivative Income category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | ARMW vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | ARMW vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | ARMW vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | ARMW vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | ARMW vs OMAH |
Other ETFs from Roundhill Investments
The 6 most viewed Roundhill Investments ETFs shown here include METV, NERD, BETZ and span 6 categories. AUM among these funds goes as high as $234M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Roundhill Ball Metaverse ETF | Technology Equities | 21 | 1.54% | 234.28M | Jun 2021 | ARMW vs METV | |
| Roundhill Video Games ETF | Gaming | 3 | -16.00% | 14.88M | Jun 2019 | ARMW vs NERD | |
| Roundhill Sports Betting & iGaming ETF | Consumer Discretionary Equities, Gaming | 6 | -10.38% | 47.84M | Jun 2020 | ARMW vs BETZ | |
| Roundhill Top WeeklyPay ETF | Derivative Income | — | 7.71% | 181.16M | Sep 2025 | ARMW vs TOPW | |
| Roundhill UNH WeeklyPay ETF | Leveraged Equities, Derivative Income, Health & Biotech Equities | — | 15.08% | 4.48M | Dec 2025 | ARMW vs UNHW | |
| Roundhill BABA WeeklyPay ETF | Derivative Income | — | -17.38% | — | Oct 2025 | ARMW vs BABW |
Often Compared With ARMW
Investors most often compare ARMW with ULTI, SCLZ, CWII. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare ARMW with Any Fund or Stock
Compare ARMW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ARMW with funds that move differently
Roundhill ARM WeeklyPay ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ARMW.
Explore ARMW Diversifiers