BITK vs. ARMW

Last updated Jun 5, 2026

BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

BITK vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) 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, BITK achieves a -30.56% return, which is significantly lower than ARMW's 336.58% return.

BITK

• 1D: -2.63%
• 1M: -21.00%
• YTD: -30.56%
• 6M: -35.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -5.75%
• 1M: 108.38%
• YTD: 336.58%
• 6M: 222.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITK vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	-30.56%	-24.49%
ARMW Roundhill ARM WeeklyPay ETF	336.58%	-40.49%

Correlation

The correlation between BITK and ARMW is 0.36, 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	0.36

Return for Risk

BITK vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) 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.

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

Sharpe Ratios by Period

	BITK	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.27	4.33	-5.60

Drawdowns

BITK vs. ARMW - Drawdown Comparison

The maximum BITK drawdown since its inception was -53.87%, which is greater than ARMW's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for BITK and ARMW.

Drawdown Indicators

	BITK	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-53.87%	-48.47%	-5.40%
Current Drawdown Current decline from peak	-53.87%	-5.75%	-48.12%
Average Drawdown Average peak-to-trough decline	-34.97%	-26.42%	-8.55%

Volatility

Volatility by Period

	BITK	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	49.52%	88.57%	-39.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.52%	88.57%	-39.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.52%	88.57%	-39.05%

BITK vs. ARMW - Expense Ratio Comparison

Both BITK and ARMW have an expense ratio of 0.99%.

Dividends

BITK vs. ARMW - Dividend Comparison

BITK's dividend yield for the trailing twelve months is around 46.03%, more than ARMW's 16.13% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	16.13%	16.38%
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	46.03%	23.15%

Frequently Asked Questions

Can I hold both BITK and ARMW in my portfolio?

BITK and ARMW have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BITK or ARMW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BITK or ARMW?

BITK and ARMW have the same expense ratio: 0.99% per year.

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

BITK has the higher dividend yield at 46.03%, compared with 16.13% for ARMW.

What is the main difference between BITK and ARMW?

They also come from different issuers: Tuttle Capital Management and Roundhill Investments.