ARMW vs. PAYR
ARMW (Roundhill ARM WeeklyPay ETF) and PAYR (Federated Hermes Enhanced Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.12, they often move in opposite directions. ARMW charges 0.99%/yr vs 0.40%/yr for PAYR.
Performance
ARMW vs. PAYR - 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 PAYR's 10.12% return.
ARMW
- 1D
- -13.02%
- 1M
- 22.00%
- YTD
- 297.09%
- 6M
- 286.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAYR
- 1D
- 1.43%
- 1M
- -0.35%
- YTD
- 10.12%
- 6M
- 10.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMW vs. PAYR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 297.09% | -41.28% |
PAYR Federated Hermes Enhanced Income ETF | 10.12% | 2.55% |
Correlation
The correlation between ARMW and PAYR is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | -0.12 |
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Return for Risk
ARMW vs. PAYR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill ARM WeeklyPay ETF (ARMW) and Federated Hermes Enhanced Income ETF (PAYR). 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. PAYR - Drawdown Comparison
The maximum ARMW drawdown since its inception was -48.47%, which is greater than PAYR's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for ARMW and PAYR.
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Drawdown Indicators
| ARMW | PAYR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.47% | -5.24% | -43.23% |
Current DrawdownCurrent decline from peak | -20.08% | -2.19% | -17.89% |
Average DrawdownAverage peak-to-trough decline | -25.29% | -1.65% | -23.64% |
Volatility
ARMW vs. PAYR - Volatility Comparison
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Volatility by Period
| ARMW | PAYR | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 94.74% | 10.48% | +84.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.74% | 10.48% | +84.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.74% | 10.48% | +84.26% |
ARMW vs. PAYR - Expense Ratio Comparison
ARMW has a 0.99% expense ratio, which is higher than PAYR's 0.40% expense ratio.
Dividends
ARMW vs. PAYR - Dividend Comparison
ARMW's dividend yield for the trailing twelve months is around 25.98%, more than PAYR's 5.32% yield.
| Position | TTM | 2025 |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 25.98% | 16.38% |
PAYR Federated Hermes Enhanced Income ETF | 5.32% | 1.99% |
Frequently Asked Questions
ARMW and PAYR have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAYR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAYR is cheaper with a 0.40% expense ratio, compared with 0.99% for ARMW.
ARMW has the higher dividend yield at 25.98%, compared with 5.32% for PAYR.
They also come from different issuers: Roundhill Investments and Federated Hermes. Their fees differ too: 0.99% for ARMW and 0.40% for PAYR.
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