ACII vs. ARMW

Last updated Jun 4, 2026

ACII (Innovator Index Autocallable Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. ACII charges 0.79%/yr vs 0.99%/yr for ARMW.

Performance

ACII vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Index Autocallable Income Strategy ETF (ACII) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACII

• 1D: -0.95%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: 3.44%
• 1M: 128.75%
• YTD: 363.23%
• 6M: 245.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ACII vs. ARMW - Yearly Performance Comparison

	2026 (YTD)
ACII Innovator Index Autocallable Income Strategy ETF	-1.10%
ARMW Roundhill ARM WeeklyPay ETF	27.37%

Correlation

The correlation between ACII and ARMW is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.60

Return for Risk

ACII vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Index Autocallable Income Strategy ETF (ACII) 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.

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

Sharpe Ratios by Period

	ACII	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-7.55	4.96	-12.51

Drawdowns

ACII vs. ARMW - Drawdown Comparison

The maximum ACII drawdown since its inception was -1.27%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for ACII and ARMW.

Drawdown Indicators

	ACII	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-1.27%	-48.47%	+47.20%
Current Drawdown Current decline from peak	-1.27%	0.00%	-1.27%
Average Drawdown Average peak-to-trough decline	-0.42%	-26.55%	+26.13%

Volatility

Volatility by Period

	ACII	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.65%	88.46%	-80.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.65%	88.46%	-80.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.65%	88.46%	-80.81%

ACII vs. ARMW - Expense Ratio Comparison

ACII has a 0.79% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

ACII vs. ARMW - Dividend Comparison

ACII's dividend yield for the trailing twelve months is around 0.74%, less than ARMW's 15.20% yield.

Position	TTM	2025
ACII Innovator Index Autocallable Income Strategy ETF	0.74%	0.00%
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%

Frequently Asked Questions

Can I hold both ACII and ARMW in my portfolio?

ACII and ARMW have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACII or ARMW?

On fees, ACII is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACII or ARMW?

ACII is cheaper with a 0.79% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 0.74% for ACII.

What is the main difference between ACII and ARMW?

They also come from different issuers: Innovator and Roundhill Investments. Their fees differ too: 0.79% for ACII and 0.99% for ARMW.