AMZW vs. ARMW

Last updated Jun 25, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

AMZW vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMZN WeeklyPay ETF (AMZW) 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, AMZW achieves a -0.73% return, which is significantly lower than ARMW's 287.65% return.

AMZW

• 1D: -0.20%
• 1M: -14.89%
• YTD: -0.73%
• 6M: -1.71%
• 1Y: 6.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -2.38%
• 1M: 19.11%
• YTD: 287.65%
• 6M: 278.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZW vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	-0.73%	6.09%
ARMW Roundhill ARM WeeklyPay ETF	287.65%	-41.28%

Correlation

The correlation between AMZW and ARMW is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.31

AMZW vs. ARMW - Sectors Allocation Comparison

Sectors	AMZW	ARMW
Consumer Cyclical	24.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	28.9%
Utilities	-	-

Return for Risk

AMZW vs. ARMW — Risk / Return Rank

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

AMZW

AMZW Risk / Return Rank: 12
AMZW Sharpe Ratio Rank: 11
AMZW Sortino Ratio Rank: 12
AMZW Omega Ratio Rank: 12
AMZW Calmar Ratio Rank: 12
AMZW Martin Ratio Rank: 11

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.

AMZW vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) 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.

	AMZW	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	0.18	—	—
Sortino ratio: Return per unit of downside risk	0.52	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.25	—	—
Martin ratio: Return relative to average drawdown	0.56	—	—

Drawdowns

AMZW vs. ARMW - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for AMZW and ARMW.

Drawdown Indicators

	AMZW	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-48.47%	+21.68%
Max Drawdown (1Y) Largest decline over 1 year	-26.79%	—	—
Current Drawdown Current decline from peak	-18.25%	-21.98%	+3.73%
Average Drawdown Average peak-to-trough decline	-9.19%	-25.27%	+16.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.87%	—	—

Volatility

Volatility by Period

	AMZW	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.44%	94.53%	-57.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.27%	94.53%	-57.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.27%	94.53%	-57.26%

AMZW vs. ARMW - Expense Ratio Comparison

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

Dividends

AMZW vs. ARMW - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 49.16%, more than ARMW's 26.61% yield.

Position	TTM	2025
AMZW Roundhill AMZN WeeklyPay ETF	49.16%	25.29%
ARMW Roundhill ARM WeeklyPay ETF	26.61%	16.38%

Frequently Asked Questions

Can I hold both AMZW and ARMW in my portfolio?

AMZW and ARMW have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMZW 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, AMZW or ARMW?

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

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

AMZW has the higher dividend yield at 49.16%, compared with 26.61% for ARMW.

What is the main difference between AMZW and ARMW?

They also come from different issuers: Roundhill and Roundhill Investments.