EFAA vs. ARMW

Last updated Jun 4, 2026

EFAA (Invesco MSCI EAFE Income Advantage ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. EFAA charges 0.39%/yr vs 0.99%/yr for ARMW.

Performance

EFAA vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI EAFE Income Advantage ETF (EFAA) 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, EFAA achieves a 5.70% return, which is significantly lower than ARMW's 363.23% return.

EFAA

• 1D: -0.42%
• 1M: 2.87%
• YTD: 5.70%
• 6M: 8.09%
• 1Y: 18.26%
• 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)

EFAA vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
EFAA Invesco MSCI EAFE Income Advantage ETF	5.70%	3.16%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between EFAA and ARMW is 0.47, 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	0.47

EFAA vs. ARMW - Sectors Allocation Comparison

Sectors	EFAA	ARMW
Financial Services	24.5%	-
Industrials	20.0%	-
Healthcare	10.5%	-
Technology	10.4%	36.0%
Consumer Cyclical	7.6%	-
Consumer Defensive	6.8%	-
Basic Materials	5.9%	-
Communication Services	4.5%	-
Energy	4.0%	-
Utilities	3.9%	-
Real Estate	1.9%	-

Return for Risk

EFAA vs. ARMW — Risk / Return Rank

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

EFAA

EFAA Risk / Return Rank: 41
EFAA Sharpe Ratio Rank: 43
EFAA Sortino Ratio Rank: 43
EFAA Omega Ratio Rank: 43
EFAA Calmar Ratio Rank: 36
EFAA Martin Ratio Rank: 42

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.

EFAA vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI EAFE Income Advantage ETF (EFAA) 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.

	EFAA	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	7.00	—	—
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

	EFAA	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	4.96	-3.85

Drawdowns

EFAA vs. ARMW - Drawdown Comparison

The maximum EFAA drawdown since its inception was -11.97%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for EFAA and ARMW.

Drawdown Indicators

	EFAA	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-11.97%	-48.47%	+36.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	—	—
Current Drawdown Current decline from peak	-1.22%	0.00%	-1.22%
Average Drawdown Average peak-to-trough decline	-2.04%	-26.55%	+24.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	—	—

Volatility

Volatility by Period

	EFAA	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	88.46%	-76.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.96%	88.46%	-75.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.96%	88.46%	-75.50%

EFAA vs. ARMW - Expense Ratio Comparison

EFAA has a 0.39% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

EFAA vs. ARMW - Dividend Comparison

EFAA's dividend yield for the trailing twelve months is around 8.13%, less than ARMW's 15.20% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%
EFAA Invesco MSCI EAFE Income Advantage ETF	8.13%	7.94%	3.29%

Frequently Asked Questions

Can I hold both EFAA and ARMW in my portfolio?

EFAA 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, EFAA or ARMW?

On fees, EFAA is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EFAA or ARMW?

EFAA is cheaper with a 0.39% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 8.13% for EFAA.

What is the main difference between EFAA and ARMW?

They also come from different issuers: Invesco and Roundhill Investments. Their fees differ too: 0.39% for EFAA and 0.99% for ARMW.