ARMW vs. ACII

Last updated Jun 4, 2026

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

Performance

ARMW vs. ACII - Performance Comparison

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

Returns By Period

ARMW

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

ACII

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

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

ARMW vs. ACII - Yearly Performance Comparison

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

Correlation

The correlation between ARMW and ACII 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

ARMW vs. ACII - Risk-Adjusted Trends Comparison

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

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

Drawdowns

ARMW vs. ACII - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

ARMW vs. ACII - Expense Ratio Comparison

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

Dividends

ARMW vs. ACII - Dividend Comparison

ARMW's dividend yield for the trailing twelve months is around 15.20%, more than ACII's 0.74% 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 ARMW and ACII in my portfolio?

ARMW and ACII 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, ARMW or ACII?

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, ARMW or ACII?

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

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

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

What is the main difference between ARMW and ACII?

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