DIPS vs. ARMW

Last updated Jun 4, 2026

DIPS (YieldMax Short NVDA Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.32, they often move in opposite directions. Both charge a 0.99% expense ratio.

Performance

DIPS vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short NVDA Option Income Strategy ETF (DIPS) 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, DIPS achieves a -8.73% return, which is significantly lower than ARMW's 363.23% return.

DIPS

• 1D: 2.87%
• 1M: -6.32%
• YTD: -8.73%
• 6M: -11.40%
• 1Y: -26.57%
• 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)

DIPS vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
DIPS YieldMax Short NVDA Option Income Strategy ETF	-8.73%	-1.97%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between DIPS and ARMW is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	-0.32

Return for Risk

DIPS vs. ARMW — Risk / Return Rank

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

DIPS

DIPS Risk / Return Rank: 2
DIPS Sharpe Ratio Rank: 2
DIPS Sortino Ratio Rank: 2
DIPS Omega Ratio Rank: 2
DIPS Calmar Ratio Rank: 2
DIPS Martin Ratio Rank: 2

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.

DIPS vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short NVDA Option Income Strategy ETF (DIPS) 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.

	DIPS	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	—	—
Sortino ratio: Return per unit of downside risk	-1.28	—	—
Omega ratio: Gain probability vs. loss probability	0.85	—	—
Calmar ratio: Return relative to maximum drawdown	-0.78	—	—
Martin ratio: Return relative to average drawdown	-1.36	—	—
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

	DIPS	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	4.96	-5.82

Drawdowns

DIPS vs. ARMW - Drawdown Comparison

The maximum DIPS drawdown since its inception was -59.93%, which is greater than ARMW's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for DIPS and ARMW.

Drawdown Indicators

	DIPS	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-59.93%	-48.47%	-11.46%
Max Drawdown (1Y) Largest decline over 1 year	-33.97%	—	—
Current Drawdown Current decline from peak	-55.85%	0.00%	-55.85%
Average Drawdown Average peak-to-trough decline	-38.22%	-26.55%	-11.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.49%	—	—

Volatility

Volatility by Period

	DIPS	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.88%	88.46%	-60.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.03%	88.46%	-50.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.03%	88.46%	-50.43%

DIPS vs. ARMW - Expense Ratio Comparison

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

Dividends

DIPS vs. ARMW - Dividend Comparison

DIPS's dividend yield for the trailing twelve months is around 66.49%, more than ARMW's 15.20% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%
DIPS YieldMax Short NVDA Option Income Strategy ETF	66.49%	96.20%	24.18%

Frequently Asked Questions

Can I hold both DIPS and ARMW in my portfolio?

DIPS and ARMW have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DIPS 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, DIPS or ARMW?

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

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

DIPS has the higher dividend yield at 66.49%, compared with 15.20% for ARMW.

What is the main difference between DIPS and ARMW?

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