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 0.24 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
ARMW vs. MRNY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ARMW achieves a 161.70% return, which is significantly higher than MRNY's 80.55% return.
ARMW
- 1D
- -7.36%
- 1M
- -40.52%
- 6M
- 177.20%
- YTD
- 161.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRNY
- 1D
- -6.67%
- 1M
- 9.93%
- 6M
- 42.34%
- YTD
- 80.55%
- 1Y
- 53.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMW vs. MRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 161.70% | -41.28% |
MRNY YieldMax MRNA Option Income Strategy ETF | 80.55% | 3.07% |
Correlation
The correlation between ARMW and MRNY is 0.24, 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 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ARMW vs. MRNY — Risk / Return Rank
ARMW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| ARMW | MRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.69 | — |
| Martin ratioReturn relative to average drawdown | — | 3.25 | — |
Loading charts...
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.
Loading charts...
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 | -47.33% | -61.99% | +14.66% |
Average DrawdownAverage peak-to-trough decline | -25.96% | -52.99% | +27.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.38% | — |
Volatility
ARMW vs. MRNY - Volatility Comparison
Loading charts...
Volatility by Period
| ARMW | MRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 38.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 95.20% | 53.19% | +42.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.20% | 51.61% | +43.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.20% | 51.61% | +43.59% |
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 50.52%, less than MRNY's 96.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 50.52% | 16.38% | 0.00% | 0.00% |
MRNY YieldMax MRNA Option Income Strategy ETF | 84.60% | 145.98% | 178.49% | 1.75% |
Frequently Asked Questions
ARMW and MRNY have a correlation of 0.24, 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 96.59%, compared with 50.52% for ARMW.
They also come from different issuers: Roundhill Investments and YieldMax.
Find the right allocation for ARMW and MRNY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer