BUYW vs. ARMW

Last updated Aug 4, 2026

BUYW (Main Buywrite ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.28 correlation means their historical movements had little consistent relationship. BUYW charges 1.29%/yr vs 0.99%/yr for ARMW.

Performance

BUYW vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Main Buywrite ETF (BUYW) 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, BUYW achieves a 5.08% return, which is significantly lower than ARMW's 133.71% return.

BUYW

• 1D: 0.28%
• 1M: 0.64%
• 6M: 4.41%
• YTD: 5.08%
• 1Y: 9.35%
• 3Y*: 8.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.97%

ARMW

• 1D: -0.53%
• 1M: -28.93%
• 6M: 143.26%
• YTD: 133.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARMW Roundhill ARM WeeklyPay ETF	$3.40M	$4.54M	$4.17M
BUYW Main Buywrite ETF	$5.71M	$4.95M	$4.82M

BUYW vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
BUYW Main Buywrite ETF	5.08%	2.30%
ARMW Roundhill ARM WeeklyPay ETF	133.71%	-41.28%

Correlation

The correlation between BUYW and ARMW is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.28

BUYW vs. ARMW - Sectors Allocation Comparison

Sectors	BUYW	ARMW
Technology	25.9%	18.0%
Financial Services	15.0%	-
Healthcare	13.8%	-
Energy	12.4%	-
Utilities	10.9%	-
Communication Services	6.5%	-
Consumer Cyclical	6.0%	-
Industrials	4.6%	-
Consumer Defensive	3.1%	-
Basic Materials	1.0%	-
Real Estate	1.0%	-

Return for Risk

BUYW vs. ARMW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUYW

BUYW Risk / Return Rank: 86
BUYW Sharpe Ratio Rank: 81
BUYW Sortino Ratio Rank: 84
BUYW Omega Ratio Rank: 84
BUYW Calmar Ratio Rank: 88
BUYW Martin Ratio Rank: 94

ARMW

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUYW vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Main Buywrite ETF (BUYW) 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.

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.

	BUYW	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.93	—	—
Sortino ratio: Return per unit of downside risk	2.87	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.63	—	—
Martin ratio: Return relative to average drawdown	19.32	—	—

Drawdowns

BUYW vs. ARMW - Drawdown Comparison

The maximum BUYW drawdown since its inception was -9.36%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for BUYW and ARMW.

Drawdown Indicators

	BUYW	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-9.36%	-56.50%	+47.14%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.36%	—	—
Current Drawdown Current decline from peak	0.00%	-52.96%	+52.96%
Average Drawdown Average peak-to-trough decline	-0.59%	-27.31%	+26.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	—	—

Volatility

Volatility by Period

	BUYW	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.87%	95.78%	-90.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.33%	95.78%	-87.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.33%	95.78%	-87.45%

BUYW vs. ARMW - Expense Ratio Comparison

BUYW has a 1.29% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

BUYW vs. ARMW - Dividend Comparison

BUYW's dividend yield for the trailing twelve months is around 5.90%, less than ARMW's 66.19% yield.

Position	TTM	2025	2024	2023	2022
ARMW Roundhill ARM WeeklyPay ETF	66.19%	16.38%	0.00%	0.00%	0.00%
BUYW Main Buywrite ETF	5.90%	5.89%	5.93%	5.95%	0.50%

Frequently Asked Questions

Can I hold both BUYW and ARMW in my portfolio?

BUYW and ARMW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BUYW or ARMW?

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, BUYW or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.29% for BUYW.

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

ARMW has the higher dividend yield at 66.19%, compared with 5.90% for BUYW.

What is the main difference between BUYW and ARMW?

They also come from different issuers: Main and Roundhill. Their fees differ too: 1.29% for BUYW and 0.99% for ARMW.