ARMW vs. USOY

Last updated Jun 23, 2026

ARMW (Roundhill ARM WeeklyPay ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.16, they often move in opposite directions. ARMW charges 0.99%/yr vs 1.22%/yr for USOY.

Performance

ARMW vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill ARM WeeklyPay ETF (ARMW) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARMW achieves a 356.51% return, which is significantly higher than USOY's 36.45% return.

ARMW

• 1D: -8.12%
• 1M: 40.26%
• YTD: 356.51%
• 6M: 337.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.13%
• 1M: -15.93%
• YTD: 36.45%
• 6M: 36.24%
• 1Y: 21.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARMW vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
ARMW Roundhill ARM WeeklyPay ETF	356.51%	-41.28%
USOY Defiance Oil Enhanced Options Income ETF	36.45%	0.92%

Correlation

The correlation between ARMW and USOY is -0.16, 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	-0.16

Return for Risk

ARMW vs. USOY — Risk / Return Rank

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

ARMW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USOY

USOY Risk / Return Rank: 22
USOY Sharpe Ratio Rank: 20
USOY Sortino Ratio Rank: 19
USOY Omega Ratio Rank: 22
USOY Calmar Ratio Rank: 23
USOY Martin Ratio Rank: 26

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. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill ARM WeeklyPay ETF (ARMW) and Defiance Oil Enhanced Options Income ETF (USOY). 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	USOY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.69	—
Sortino ratio: Return per unit of downside risk	—	1.05	—
Omega ratio: Gain probability vs. loss probability	—	1.15	—
Calmar ratio: Return relative to maximum drawdown	—	1.07	—
Martin ratio: Return relative to average drawdown	—	3.42	—

Drawdowns

ARMW vs. USOY - Drawdown Comparison

The maximum ARMW drawdown since its inception was -48.47%, which is greater than USOY's maximum drawdown of -20.17%. Use the drawdown chart below to compare losses from any high point for ARMW and USOY.

Drawdown Indicators

	ARMW	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-48.47%	-20.17%	-28.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.17%	—
Current Drawdown Current decline from peak	-8.12%	-20.17%	+12.05%
Average Drawdown Average peak-to-trough decline	-25.32%	-6.61%	-18.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.02%	—

Volatility

Volatility by Period

	ARMW	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	93.49%	31.59%	+61.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.49%	26.52%	+66.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.49%	26.52%	+66.97%

ARMW vs. USOY - Expense Ratio Comparison

ARMW has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

ARMW vs. USOY - Dividend Comparison

ARMW's dividend yield for the trailing twelve months is around 22.59%, less than USOY's 67.41% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	22.59%	16.38%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	67.41%	104.32%	48.60%

Frequently Asked Questions

Can I hold both ARMW and USOY in my portfolio?

ARMW and USOY have a correlation of -0.16, 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 USOY?

On fees, ARMW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMW or USOY?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 67.41%, compared with 22.59% for ARMW.

What is the main difference between ARMW and USOY?

They also come from different issuers: Roundhill Investments and Defiance. Their fees differ too: 0.99% for ARMW and 1.22% for USOY.