AAPW vs. ARMW

Last updated Aug 4, 2026

AAPW (AAPL WeeklyPay™ ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Their 0.16 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

AAPW vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAPL WeeklyPay™ ETF (AAPW) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPW achieves a 11.02% return, which is significantly lower than ARMW's 133.71% return.

AAPW

• 1D: -2.28%
• 1M: -2.47%
• 6M: 12.40%
• YTD: 11.02%
• 1Y: 54.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.83%

ARMW

• 1D: -0.53%
• 1M: -28.93%
• 6M: 143.26%
• YTD: 133.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAPW AAPL WeeklyPay™ ETF	$952.50K	$777.94K	$708.97K
ARMW Roundhill ARM WeeklyPay ETF	$3.40M	$4.54M	$4.17M

AAPW vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
AAPW AAPL WeeklyPay™ ETF	11.02%	5.99%
ARMW Roundhill ARM WeeklyPay ETF	133.71%	-41.28%

Correlation

The correlation between AAPW and ARMW is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.16

AAPW vs. ARMW - Sectors Allocation Comparison

Sectors	AAPW	ARMW
Technology	12.5%	18.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AAPW vs. ARMW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AAPW

AAPW Risk / Return Rank: 72
AAPW Sharpe Ratio Rank: 74
AAPW Sortino Ratio Rank: 70
AAPW Omega Ratio Rank: 74
AAPW Calmar Ratio Rank: 83
AAPW Martin Ratio Rank: 60

ARMW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AAPW vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAPL WeeklyPay™ ETF (AAPW) and Roundhill ARM WeeklyPay ETF (ARMW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAPW	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.75	—	—
Sortino ratio: Return per unit of downside risk	2.35	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.17	—	—
Martin ratio: Return relative to average drawdown	7.52	—	—

Drawdowns

AAPW vs. ARMW - Drawdown Comparison

The maximum AAPW drawdown since its inception was -36.28%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for AAPW and ARMW.

Drawdown Indicators

	AAPW	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-36.28%	-56.50%	+20.22%
Max Drawdown (1Y) Largest decline over 1 year	-17.36%	—	—
Current Drawdown Current decline from peak	-13.04%	-52.96%	+39.92%
Average Drawdown Average peak-to-trough decline	-10.45%	-27.31%	+16.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.32%	—	—

Volatility

Volatility by Period

	AAPW	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.52%	95.78%	-64.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.69%	95.78%	-60.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.69%	95.78%	-60.09%

AAPW vs. ARMW - Expense Ratio Comparison

Both AAPW and ARMW have an expense ratio of 0.99%.

Dividends

AAPW vs. ARMW - Dividend Comparison

AAPW's dividend yield for the trailing twelve months is around 31.96%, less than ARMW's 66.19% yield.

Position	TTM	2025
AAPW AAPL WeeklyPay™ ETF	31.96%	28.83%
ARMW Roundhill ARM WeeklyPay ETF	66.19%	16.38%

Frequently Asked Questions

Can I hold both AAPW and ARMW in my portfolio?

AAPW and ARMW have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAPW or ARMW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAPW or ARMW?

AAPW and ARMW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, AAPW or ARMW?

ARMW has the higher dividend yield at 66.19%, compared with 31.96% for AAPW.