DYLG vs. ARMW

Last updated Jun 4, 2026

DYLG (Global X Dow 30 Covered Call & Growth ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. DYLG is passively managed, while ARMW is actively managed. At a 0.44 correlation, their price movements are largely independent. DYLG charges 0.35%/yr vs 0.99%/yr for ARMW.

Performance

DYLG vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call & Growth ETF (DYLG) 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, DYLG achieves a 4.63% return, which is significantly lower than ARMW's 363.23% return.

DYLG

• 1D: -0.65%
• 1M: 3.69%
• YTD: 4.63%
• 6M: 5.52%
• 1Y: 17.86%
• 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)

DYLG vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
DYLG Global X Dow 30 Covered Call & Growth ETF	4.63%	3.93%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between DYLG and ARMW is 0.44, 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	0.44

DYLG vs. ARMW - Sectors Allocation Comparison

Sectors	DYLG	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

DYLG vs. ARMW — Risk / Return Rank

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

DYLG

DYLG Risk / Return Rank: 53
DYLG Sharpe Ratio Rank: 56
DYLG Sortino Ratio Rank: 57
DYLG Omega Ratio Rank: 57
DYLG Calmar Ratio Rank: 43
DYLG Martin Ratio Rank: 52

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.

DYLG vs. ARMW - Risk-Adjusted Trends Comparison

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

	DYLG	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.16	—	—
Martin ratio: Return relative to average drawdown	8.78	—	—
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

	DYLG	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	4.96	-3.85

Drawdowns

DYLG vs. ARMW - Drawdown Comparison

The maximum DYLG drawdown since its inception was -13.98%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for DYLG and ARMW.

Drawdown Indicators

	DYLG	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-13.98%	-48.47%	+34.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	—	—
Current Drawdown Current decline from peak	-0.65%	0.00%	-0.65%
Average Drawdown Average peak-to-trough decline	-1.86%	-26.55%	+24.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	—	—

Volatility

Volatility by Period

	DYLG	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.44%	88.46%	-79.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	88.46%	-77.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	88.46%	-77.02%

DYLG vs. ARMW - Expense Ratio Comparison

DYLG has a 0.35% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

DYLG vs. ARMW - Dividend Comparison

DYLG's dividend yield for the trailing twelve months is around 9.54%, less than ARMW's 15.20% yield.

Position	TTM	2025	2024	2023
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%	0.00%
DYLG Global X Dow 30 Covered Call & Growth ETF	9.54%	9.63%	16.55%	1.38%

Frequently Asked Questions

Can I hold both DYLG and ARMW in my portfolio?

DYLG and ARMW have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DYLG or ARMW?

On fees, DYLG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DYLG or ARMW?

DYLG is cheaper with a 0.35% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 9.54% for DYLG.

What is the main difference between DYLG and ARMW?

They also come from different issuers: Global X and Roundhill Investments. Their fees differ too: 0.35% for DYLG and 0.99% for ARMW.