ARMW vs. PEPS

Last updated Jun 4, 2026

ARMW (Roundhill ARM WeeklyPay ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. ARMW charges 0.99%/yr vs 0.10%/yr for PEPS.

Performance

ARMW vs. PEPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill ARM WeeklyPay ETF (ARMW) and Parametric Equity Plus ETF (PEPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARMW achieves a 363.23% return, which is significantly higher than PEPS's 10.67% return.

ARMW

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

PEPS

• 1D: -0.51%
• 1M: 6.44%
• YTD: 10.67%
• 6M: 10.79%
• 1Y: 31.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMW vs. PEPS - Yearly Performance Comparison

	2026 (YTD)	2025
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%
PEPS Parametric Equity Plus ETF	10.67%	2.06%

Correlation

The correlation between ARMW and PEPS is 0.56, 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 Oct 24, 2025	0.56

Return for Risk

ARMW vs. PEPS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEPS

PEPS Risk / Return Rank: 73
PEPS Sharpe Ratio Rank: 76
PEPS Sortino Ratio Rank: 71
PEPS Omega Ratio Rank: 75
PEPS Calmar Ratio Rank: 66
PEPS Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARMW vs. PEPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill ARM WeeklyPay ETF (ARMW) and Parametric Equity Plus ETF (PEPS). 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	PEPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.96	1.05	+3.91

Drawdowns

ARMW vs. PEPS - Drawdown Comparison

The maximum ARMW drawdown since its inception was -48.47%, which is greater than PEPS's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for ARMW and PEPS.

Drawdown Indicators

	ARMW	PEPS	Difference
Max Drawdown Largest peak-to-trough decline	-48.47%	-21.26%	-27.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.80%	—
Current Drawdown Current decline from peak	0.00%	-0.51%	+0.51%
Average Drawdown Average peak-to-trough decline	-26.55%	-2.77%	-23.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.09%	—

Volatility

Volatility by Period

	ARMW	PEPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	88.46%	13.06%	+75.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.46%	18.31%	+70.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.46%	18.31%	+70.15%

ARMW vs. PEPS - Expense Ratio Comparison

ARMW has a 0.99% expense ratio, which is higher than PEPS's 0.10% expense ratio.

Dividends

ARMW vs. PEPS - Dividend Comparison

ARMW's dividend yield for the trailing twelve months is around 15.20%, more than PEPS's 0.88% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%
PEPS Parametric Equity Plus ETF	0.88%	1.00%	0.17%

Frequently Asked Questions

Can I hold both ARMW and PEPS in my portfolio?

ARMW and PEPS have a correlation of 0.56, 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 PEPS?

On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMW or PEPS?

PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 0.88% for PEPS.

What is the main difference between ARMW and PEPS?

They also come from different issuers: Roundhill Investments and Parametric. Their fees differ too: 0.99% for ARMW and 0.10% for PEPS.