DIVO vs. ARMW

Last updated Jun 4, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. DIVO charges 0.56%/yr vs 0.99%/yr for ARMW.

Performance

DIVO vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) 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, DIVO achieves a 5.53% return, which is significantly lower than ARMW's 363.23% return.

DIVO

• 1D: -0.54%
• 1M: 2.34%
• YTD: 5.53%
• 6M: 5.82%
• 1Y: 18.37%
• 3Y*: 15.35%
• 5Y*: 10.61%
• 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)

DIVO vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
DIVO Amplify CWP Enhanced Dividend Income ETF	5.53%	2.12%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between DIVO and ARMW is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.31

DIVO vs. ARMW - Sectors Allocation Comparison

Sectors	DIVO	ARMW
Financial Services	30.3%	-
Industrials	16.2%	-
Technology	14.5%	36.0%
Consumer Cyclical	11.6%	-
Consumer Defensive	6.9%	-
Energy	6.8%	-
Healthcare	6.7%	-
Basic Materials	4.1%	-
Utilities	2.0%	-
Communication Services	1.0%	-
Real Estate	-	-

Return for Risk

DIVO vs. ARMW — Risk / Return Rank

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

DIVO

DIVO Risk / Return Rank: 61
DIVO Sharpe Ratio Rank: 59
DIVO Sortino Ratio Rank: 64
DIVO Omega Ratio Rank: 58
DIVO Calmar Ratio Rank: 61
DIVO Martin Ratio Rank: 61

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.

DIVO vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) 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.

	DIVO	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	2.06	—	—
Sortino ratio: Return per unit of downside risk	3.05	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.10	—	—
Martin ratio: Return relative to average drawdown	11.21	—	—
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

	DIVO	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	4.96	-4.11

Drawdowns

DIVO vs. ARMW - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for DIVO and ARMW.

Drawdown Indicators

	DIVO	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-48.47%	+18.43%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	—	—
Current Drawdown Current decline from peak	-0.82%	0.00%	-0.82%
Average Drawdown Average peak-to-trough decline	-2.61%	-26.55%	+23.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	—	—

Volatility

Volatility by Period

	DIVO	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.97%	88.46%	-79.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.94%	88.46%	-76.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	88.46%	-73.62%

DIVO vs. ARMW - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

DIVO vs. ARMW - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.42%, less than ARMW's 15.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.42%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%

Frequently Asked Questions

Can I hold both DIVO and ARMW in my portfolio?

DIVO and ARMW have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DIVO or ARMW?

On fees, DIVO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIVO or ARMW?

DIVO is cheaper with a 0.56% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 6.42% for DIVO.

What is the main difference between DIVO and ARMW?

They also come from different issuers: Amplify and Roundhill Investments. Their fees differ too: 0.56% for DIVO and 0.99% for ARMW.