DHSB vs. ARMW

Last updated Aug 4, 2026

DHSB (Day Hagan Smart Buffer ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. DHSB charges 0.68%/yr vs 0.99%/yr for ARMW.

Performance

DHSB vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Day Hagan Smart Buffer ETF (DHSB) 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, DHSB achieves a 5.52% return, which is significantly lower than ARMW's 133.71% return.

DHSB

• 1D: 0.62%
• 1M: 1.14%
• 6M: 4.85%
• YTD: 5.52%
• 1Y: 9.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.06%

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
DHSB Day Hagan Smart Buffer ETF	$65.64K	$43.33K	$221.24K

DHSB vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
DHSB Day Hagan Smart Buffer ETF	5.52%	1.30%
ARMW Roundhill ARM WeeklyPay ETF	133.71%	-41.28%

Correlation

The correlation between DHSB and ARMW is 0.47, 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	0.47

Return for Risk

DHSB vs. ARMW — Risk / Return Rank

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

DHSB

DHSB Risk / Return Rank: 68
DHSB Sharpe Ratio Rank: 54
DHSB Sortino Ratio Rank: 60
DHSB Omega Ratio Rank: 68
DHSB Calmar Ratio Rank: 73
DHSB Martin Ratio Rank: 86

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.

DHSB vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Day Hagan Smart Buffer ETF (DHSB) 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.

	DHSB	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.80	—	—
Martin ratio: Return relative to average drawdown	13.56	—	—

Drawdowns

DHSB vs. ARMW - Drawdown Comparison

The maximum DHSB drawdown since its inception was -7.65%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for DHSB and ARMW.

Drawdown Indicators

	DHSB	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-7.65%	-56.50%	+48.85%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	—	—
Current Drawdown Current decline from peak	0.00%	-52.96%	+52.96%
Average Drawdown Average peak-to-trough decline	-0.84%	-27.31%	+26.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	—	—

Volatility

Volatility by Period

	DHSB	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.51%	95.78%	-89.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.57%	95.78%	-87.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.57%	95.78%	-87.21%

DHSB vs. ARMW - Expense Ratio Comparison

DHSB has a 0.68% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

DHSB vs. ARMW - Dividend Comparison

DHSB's dividend yield for the trailing twelve months is around 1.18%, less than ARMW's 66.19% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	66.19%	16.38%
DHSB Day Hagan Smart Buffer ETF	1.18%	1.25%

Frequently Asked Questions

Can I hold both DHSB and ARMW in my portfolio?

DHSB and ARMW have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DHSB or ARMW?

On fees, DHSB is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DHSB or ARMW?

DHSB is cheaper with a 0.68% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 66.19%, compared with 1.18% for DHSB.

What is the main difference between DHSB and ARMW?

They also come from different issuers: Day Hagan and Roundhill. Their fees differ too: 0.68% for DHSB and 0.99% for ARMW.