ARMW vs. ICRC
ARMW (Roundhill ARM WeeklyPay ETF) and ICRC (Bitwise CRCL Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. ARMW charges 0.99%/yr vs 0.98%/yr for ICRC.
Performance
ARMW vs. ICRC - Performance Comparison
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Returns By Period
In the year-to-date period, ARMW achieves a 297.09% return, which is significantly higher than ICRC's -16.48% return.
ARMW
- 1D
- -13.02%
- 1M
- 22.00%
- YTD
- 297.09%
- 6M
- 286.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICRC
- 1D
- -3.44%
- 1M
- -26.81%
- YTD
- -16.48%
- 6M
- -18.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMW vs. ICRC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 297.09% | -41.28% |
ICRC Bitwise CRCL Option Income Strategy ETF | -16.48% | -29.05% |
Correlation
The correlation between ARMW and ICRC is 0.37, 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 | 0.37 |
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Return for Risk
ARMW vs. ICRC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill ARM WeeklyPay ETF (ARMW) and Bitwise CRCL Option Income Strategy ETF (ICRC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
ARMW vs. ICRC - Drawdown Comparison
The maximum ARMW drawdown since its inception was -48.47%, smaller than the maximum ICRC drawdown of -55.65%. Use the drawdown chart below to compare losses from any high point for ARMW and ICRC.
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Drawdown Indicators
| ARMW | ICRC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.47% | -55.65% | +7.18% |
Current DrawdownCurrent decline from peak | -20.08% | -47.96% | +27.88% |
Average DrawdownAverage peak-to-trough decline | -25.29% | -33.25% | +7.96% |
Volatility
ARMW vs. ICRC - Volatility Comparison
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Volatility by Period
| ARMW | ICRC | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 94.74% | 67.34% | +27.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.74% | 67.34% | +27.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.74% | 67.34% | +27.40% |
ARMW vs. ICRC - Expense Ratio Comparison
ARMW has a 0.99% expense ratio, which is higher than ICRC's 0.98% expense ratio.
Dividends
ARMW vs. ICRC - Dividend Comparison
ARMW's dividend yield for the trailing twelve months is around 25.98%, less than ICRC's 48.29% yield.
| Position | TTM | 2025 |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 25.98% | 16.38% |
ICRC Bitwise CRCL Option Income Strategy ETF | 48.29% | 17.79% |
Frequently Asked Questions
ARMW and ICRC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICRC is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICRC is cheaper with a 0.98% expense ratio, compared with 0.99% for ARMW.
ICRC has the higher dividend yield at 48.29%, compared with 25.98% for ARMW.
They also come from different issuers: Roundhill Investments and Bitwise. Their fees differ too: 0.99% for ARMW and 0.98% for ICRC.
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