DJIA vs. ARMW

Last updated Jun 5, 2026

DJIA (Global X Dow 30 Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. DJIA is passively managed, while ARMW is actively managed. At a 0.33 correlation, their price movements are largely independent. DJIA charges 0.60%/yr vs 0.99%/yr for ARMW.

Performance

DJIA vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call ETF (DJIA) 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, DJIA achieves a 3.46% return, which is significantly lower than ARMW's 336.58% return.

DJIA

• 1D: 0.00%
• 1M: 3.03%
• YTD: 3.46%
• 6M: 3.90%
• 1Y: 14.27%
• 3Y*: 10.45%
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -5.75%
• 1M: 108.38%
• YTD: 336.58%
• 6M: 222.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DJIA vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
DJIA Global X Dow 30 Covered Call ETF	3.46%	3.83%
ARMW Roundhill ARM WeeklyPay ETF	336.58%	-40.49%

Correlation

The correlation between DJIA and ARMW is 0.33, 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	0.33

DJIA vs. ARMW - Sectors Allocation Comparison

Sectors	DJIA	ARMW
Financial Services	27.2%	-
Industrials	18.4%	-
Technology	17.1%	36.0%
Healthcare	13.1%	-
Consumer Cyclical	11.6%	-
Consumer Defensive	4.4%	-
Basic Materials	4.0%	-
Energy	2.4%	-
Communication Services	1.9%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DJIA vs. ARMW — Risk / Return Rank

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

DJIA

DJIA Risk / Return Rank: 52
DJIA Sharpe Ratio Rank: 55
DJIA Sortino Ratio Rank: 56
DJIA Omega Ratio Rank: 65
DJIA Calmar Ratio Rank: 40
DJIA Martin Ratio Rank: 45

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.

DJIA vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call ETF (DJIA) 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.

	DJIA	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.85	—	—
Sortino ratio: Return per unit of downside risk	2.62	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	7.25	—	—
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

	DJIA	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	4.33	-3.64

Drawdowns

DJIA vs. ARMW - Drawdown Comparison

The maximum DJIA drawdown since its inception was -16.91%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for DJIA and ARMW.

Drawdown Indicators

	DJIA	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-48.47%	+31.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	—	—
Current Drawdown Current decline from peak	-0.13%	-5.75%	+5.62%
Average Drawdown Average peak-to-trough decline	-3.59%	-26.42%	+22.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	—	—

Volatility

Volatility by Period

	DJIA	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.74%	88.57%	-80.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.19%	88.57%	-77.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.19%	88.57%	-77.38%

DJIA vs. ARMW - Expense Ratio Comparison

DJIA has a 0.60% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

DJIA vs. ARMW - Dividend Comparison

DJIA's dividend yield for the trailing twelve months is around 10.82%, less than ARMW's 16.13% yield.

Position	TTM	2025	2024	2023	2022
ARMW Roundhill ARM WeeklyPay ETF	16.13%	16.38%	0.00%	0.00%	0.00%
DJIA Global X Dow 30 Covered Call ETF	10.82%	10.60%	11.44%	7.16%	9.18%

Frequently Asked Questions

Can I hold both DJIA and ARMW in my portfolio?

DJIA and ARMW have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DJIA or ARMW?

On fees, DJIA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DJIA or ARMW?

DJIA is cheaper with a 0.60% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 16.13%, compared with 10.82% for DJIA.

What is the main difference between DJIA and ARMW?

They also come from different issuers: Global X and Roundhill Investments. Their fees differ too: 0.60% for DJIA and 0.99% for ARMW.