AMDY vs. ARMW

Last updated Jun 24, 2026

AMDY (YieldMax AMD Option 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. AMDY charges 1.23%/yr vs 0.99%/yr for ARMW.

Performance

AMDY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMD Option Income Strategy ETF (AMDY) 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, AMDY achieves a 101.34% return, which is significantly lower than ARMW's 297.09% return.

AMDY

• 1D: -4.73%
• 1M: 8.37%
• YTD: 101.34%
• 6M: 101.99%
• 1Y: 203.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -13.02%
• 1M: 22.00%
• YTD: 297.09%
• 6M: 286.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
AMDY YieldMax AMD Option Income Strategy ETF	101.34%	-6.40%
ARMW Roundhill ARM WeeklyPay ETF	297.09%	-41.28%

Correlation

The correlation between AMDY 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 Oct 23, 2025	0.60

Return for Risk

AMDY vs. ARMW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMDY

AMDY Risk / Return Rank: 90
AMDY Sharpe Ratio Rank: 95
AMDY Sortino Ratio Rank: 88
AMDY Omega Ratio Rank: 88
AMDY Calmar Ratio Rank: 95
AMDY Martin Ratio Rank: 84

ARMW

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMDY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMD Option Income Strategy ETF (AMDY) 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.

	AMDY	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	3.65	—	—
Sortino ratio: Return per unit of downside risk	3.82	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	7.44	—	—
Martin ratio: Return relative to average drawdown	16.58	—	—

Drawdowns

AMDY vs. ARMW - Drawdown Comparison

The maximum AMDY drawdown since its inception was -53.92%, which is greater than ARMW's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for AMDY and ARMW.

Drawdown Indicators

	AMDY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-53.92%	-48.47%	-5.45%
Max Drawdown (1Y) Largest decline over 1 year	-27.59%	—	—
Current Drawdown Current decline from peak	-4.73%	-20.08%	+15.35%
Average Drawdown Average peak-to-trough decline	-17.78%	-25.29%	+7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.35%	—	—

Volatility

Volatility by Period

	AMDY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	56.19%	94.74%	-38.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.93%	94.74%	-47.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.93%	94.74%	-47.81%

AMDY vs. ARMW - Expense Ratio Comparison

AMDY has a 1.23% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

AMDY vs. ARMW - Dividend Comparison

AMDY's dividend yield for the trailing twelve months is around 65.88%, more than ARMW's 25.98% yield.

Position	TTM	2025	2024	2023
AMDY YieldMax AMD Option Income Strategy ETF	65.88%	80.68%	109.98%	6.68%
ARMW Roundhill ARM WeeklyPay ETF	25.98%	16.38%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMDY and ARMW in my portfolio?

AMDY 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, AMDY or ARMW?

On fees, ARMW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDY or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.23% for AMDY.

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

AMDY has the higher dividend yield at 65.88%, compared with 25.98% for ARMW.

What is the main difference between AMDY and ARMW?

They also come from different issuers: YieldMax ETFs and Roundhill Investments. Their fees differ too: 1.23% for AMDY and 0.99% for ARMW.