CHPY vs. ARMW

Last updated Jun 4, 2026

CHPY (YieldMax Semiconductor Portfolio Option Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

CHPY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Semiconductor Portfolio Option Income ETF (CHPY) 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, CHPY achieves a 85.77% return, which is significantly lower than ARMW's 363.23% return.

CHPY

• 1D: 1.14%
• 1M: 29.53%
• YTD: 85.77%
• 6M: 85.49%
• 1Y: 149.72%
• 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)

CHPY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
CHPY YieldMax Semiconductor Portfolio Option Income ETF	85.77%	4.36%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between CHPY and ARMW is 0.67, 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	0.67

Return for Risk

CHPY vs. ARMW — Risk / Return Rank

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

CHPY

CHPY Risk / Return Rank: 97
CHPY Sharpe Ratio Rank: 98
CHPY Sortino Ratio Rank: 96
CHPY Omega Ratio Rank: 96
CHPY Calmar Ratio Rank: 97
CHPY Martin Ratio Rank: 97

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.

CHPY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Semiconductor Portfolio Option Income ETF (CHPY) 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.

	CHPY	ARMW	Difference
Sharpe ratio Return per unit of total volatility	5.47	—	—
Sortino ratio Return per unit of downside risk	5.76	—	—
Omega ratio Gain probability vs. loss probability	1.81	—	—
Calmar ratio Return relative to maximum drawdown	12.38	—	—
Martin ratio Return relative to average drawdown	47.28	—	—
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

	CHPY	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.83	4.96	-0.12

Drawdowns

CHPY vs. ARMW - Drawdown Comparison

The maximum CHPY drawdown since its inception was -12.17%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for CHPY and ARMW.

Drawdown Indicators

	CHPY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-48.47%	+36.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.98%	-26.55%	+24.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	—	—

Volatility

Volatility by Period

	CHPY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.59%	88.46%	-60.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.17%	88.46%	-55.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.17%	88.46%	-55.29%

CHPY vs. ARMW - Expense Ratio Comparison

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

Dividends

CHPY vs. ARMW - Dividend Comparison

CHPY's dividend yield for the trailing twelve months is around 28.40%, more than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
CHPY YieldMax Semiconductor Portfolio Option Income ETF	28.40%	28.19%

Frequently Asked Questions

Can I hold both CHPY and ARMW in my portfolio?

CHPY and ARMW have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHPY 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, CHPY or ARMW?

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

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

CHPY has the higher dividend yield at 28.40%, compared with 15.20% for ARMW.

What is the main difference between CHPY and ARMW?

They also come from different issuers: YieldMax and Roundhill Investments.