ARMW vs. MRNY
ARMW (Roundhill ARM WeeklyPay ETF) and MRNY (YieldMax MRNA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
ARMW vs. MRNY - Performance Comparison
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Returns By Period
In the year-to-date period, ARMW achieves a 336.58% return, which is significantly higher than MRNY's 55.67% return.
ARMW
- 1D
- -5.75%
- 1M
- 108.38%
- YTD
- 336.58%
- 6M
- 222.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- 2.69%
- 1M
- 7.98%
- YTD
- 55.67%
- 6M
- 64.78%
- 1Y
- 53.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMW vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 336.58% | -40.49% |
MRNY YieldMax MRNA Option Income Strategy ETF | 55.67% | 4.11% |
Correlation
The correlation between ARMW and MRNY is 0.19, 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 24, 2025 | 0.19 |
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Return for Risk
ARMW vs. MRNY — Risk / Return Rank
ARMW
MRNY
ARMW vs. MRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill ARM WeeklyPay ETF (ARMW) and YieldMax MRNA Option Income Strategy ETF (MRNY). 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.
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Sharpe Ratios by Period
| ARMW | MRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.33 | -0.48 | +4.80 |
Drawdowns
ARMW vs. MRNY - Drawdown Comparison
The maximum ARMW drawdown since its inception was -48.47%, smaller than the maximum MRNY drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for ARMW and MRNY.
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Drawdown Indicators
| ARMW | MRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.47% | -82.15% | +33.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -5.75% | -67.23% | +61.48% |
Average DrawdownAverage peak-to-trough decline | -26.42% | -52.64% | +26.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.15% | — |
Volatility
ARMW vs. MRNY - Volatility Comparison
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Volatility by Period
| ARMW | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 37.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.57% | 49.38% | +39.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.57% | 50.75% | +37.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.57% | 50.75% | +37.82% |
ARMW vs. MRNY - Expense Ratio Comparison
Both ARMW and MRNY have an expense ratio of 0.99%.
Dividends
ARMW vs. MRNY - Dividend Comparison
ARMW's dividend yield for the trailing twelve months is around 16.13%, less than MRNY's 100.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 16.13% | 16.38% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 100.06% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
ARMW and MRNY have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ARMW and MRNY have the same expense ratio: 0.99% per year.
MRNY has the higher dividend yield at 100.06%, compared with 16.13% for ARMW.
They also come from different issuers: Roundhill Investments and YieldMax.
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