BAGY vs. ARMW

Last updated Jun 4, 2026

BAGY (Amplify Bitcoin Max Income Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. BAGY charges 0.65%/yr vs 0.99%/yr for ARMW.

Performance

BAGY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bitcoin Max Income Covered Call ETF (BAGY) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAGY achieves a -21.90% return, which is significantly lower than ARMW's 363.23% return.

BAGY

• 1D: -2.73%
• 1M: -20.28%
• YTD: -21.90%
• 6M: -24.70%
• 1Y: -37.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

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

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

BAGY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
BAGY Amplify Bitcoin Max Income Covered Call ETF	-21.90%	-18.65%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between BAGY and ARMW is 0.35, 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	0.35

BAGY vs. ARMW - Sectors Allocation Comparison

Sectors	BAGY	ARMW
Financial Services	26.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	36.0%
Utilities	-	-

Return for Risk

BAGY vs. ARMW — Risk / Return Rank

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

BAGY

BAGY Risk / Return Rank: 2
BAGY Sharpe Ratio Rank: 2
BAGY Sortino Ratio Rank: 2
BAGY Omega Ratio Rank: 2
BAGY Calmar Ratio Rank: 2
BAGY Martin Ratio Rank: 2

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.

BAGY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bitcoin Max Income Covered Call ETF (BAGY) and Roundhill ARM WeeklyPay ETF (ARMW). 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.

	BAGY	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	—	—
Sortino ratio: Return per unit of downside risk	-1.20	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.78	—	—
Martin ratio: Return relative to average drawdown	-1.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BAGY	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.66	4.96	-5.61

Drawdowns

BAGY vs. ARMW - Drawdown Comparison

The maximum BAGY drawdown since its inception was -47.52%, roughly equal to the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for BAGY and ARMW.

Drawdown Indicators

	BAGY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-47.52%	-48.47%	+0.95%
Max Drawdown (1Y) Largest decline over 1 year	-47.52%	—	—
Current Drawdown Current decline from peak	-45.06%	0.00%	-45.06%
Average Drawdown Average peak-to-trough decline	-19.61%	-26.55%	+6.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.28%	—	—

Volatility

Volatility by Period

	BAGY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.93%	88.46%	-46.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.86%	88.46%	-47.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.86%	88.46%	-47.60%

BAGY vs. ARMW - Expense Ratio Comparison

BAGY has a 0.65% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

BAGY vs. ARMW - Dividend Comparison

BAGY's dividend yield for the trailing twelve months is around 58.25%, more than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
BAGY Amplify Bitcoin Max Income Covered Call ETF	58.25%	30.16%

Frequently Asked Questions

Can I hold both BAGY and ARMW in my portfolio?

BAGY and ARMW have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BAGY or ARMW?

On fees, BAGY is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAGY or ARMW?

BAGY is cheaper with a 0.65% expense ratio, compared with 0.99% for ARMW.

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

BAGY has the higher dividend yield at 58.25%, compared with 15.20% for ARMW.

What is the main difference between BAGY and ARMW?

They also come from different issuers: Amplify and Roundhill Investments. Their fees differ too: 0.65% for BAGY and 0.99% for ARMW.