CWY vs. ARMW

Last updated Jun 30, 2026

CWY (GraniteShares YieldBOOST CRWV ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. CWY charges 1.07%/yr vs 0.99%/yr for ARMW.

Performance

CWY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST CRWV ETF (CWY) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CWY

• 1D: -0.10%
• 1M: -1.65%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: 2.53%
• 1M: -5.45%
• YTD: 265.63%
• 6M: 263.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)
CWY GraniteShares YieldBOOST CRWV ETF	-0.32%
ARMW Roundhill ARM WeeklyPay ETF	12.34%

Correlation

The correlation between CWY and ARMW is 0.53, 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 May 26, 2026	0.53

Return for Risk

CWY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST CRWV ETF (CWY) 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.

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

Drawdowns

CWY vs. ARMW - Drawdown Comparison

The maximum CWY drawdown since its inception was -4.40%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for CWY and ARMW.

Drawdown Indicators

	CWY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-4.40%	-48.47%	+44.07%
Current Drawdown Current decline from peak	-3.24%	-26.41%	+23.17%
Average Drawdown Average peak-to-trough decline	-1.69%	-25.29%	+23.60%

Volatility

Volatility by Period

	CWY	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	94.08%	-80.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	94.08%	-80.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.45%	94.08%	-80.63%

CWY vs. ARMW - Expense Ratio Comparison

CWY has a 1.07% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

CWY vs. ARMW - Dividend Comparison

CWY's dividend yield for the trailing twelve months is around 7.95%, less than ARMW's 33.19% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	33.19%	16.38%
CWY GraniteShares YieldBOOST CRWV ETF	7.95%	0.00%

Frequently Asked Questions

Can I hold both CWY and ARMW in my portfolio?

CWY and ARMW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWY 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, CWY or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.07% for CWY.

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

ARMW has the higher dividend yield at 33.19%, compared with 7.95% for CWY.

What is the main difference between CWY and ARMW?

They also come from different issuers: GraniteShares and Roundhill Investments. Their fees differ too: 1.07% for CWY and 0.99% for ARMW.