FEPI vs. ARMW

Last updated Aug 4, 2026

FEPI (REX FANG & Innovation Equity Premium Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. FEPI charges 0.65%/yr vs 0.99%/yr for ARMW.

Performance

FEPI vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX FANG & Innovation Equity Premium Income ETF (FEPI) 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, FEPI achieves a 1.10% return, which is significantly lower than ARMW's 133.71% return.

FEPI

• 1D: 1.33%
• 1M: -1.93%
• 6M: 2.65%
• YTD: 1.10%
• 1Y: 13.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.78%

ARMW

• 1D: -0.53%
• 1M: -28.93%
• 6M: 143.26%
• YTD: 133.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARMW Roundhill ARM WeeklyPay ETF	$3.40M	$4.54M	$4.17M
FEPI REX FANG & Innovation Equity Premium Income ETF	$8.05M	$8.48M	$9.46M

FEPI vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
FEPI REX FANG & Innovation Equity Premium Income ETF	1.10%	2.58%
ARMW Roundhill ARM WeeklyPay ETF	133.71%	-41.28%

Correlation

The correlation between FEPI and ARMW is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.55

FEPI vs. ARMW - Sectors Allocation Comparison

Sectors	FEPI	ARMW
Technology	67.1%	18.0%
Communication Services	19.2%	-
Consumer Cyclical	13.7%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FEPI vs. ARMW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEPI

FEPI Risk / Return Rank: 30
FEPI Sharpe Ratio Rank: 30
FEPI Sortino Ratio Rank: 29
FEPI Omega Ratio Rank: 29
FEPI Calmar Ratio Rank: 28
FEPI Martin Ratio Rank: 31

ARMW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEPI vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX FANG & Innovation Equity Premium Income ETF (FEPI) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FEPI	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	0.72	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.94	—	—
Martin ratio: Return relative to average drawdown	2.79	—	—

Drawdowns

FEPI vs. ARMW - Drawdown Comparison

The maximum FEPI drawdown since its inception was -23.56%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for FEPI and ARMW.

Drawdown Indicators

	FEPI	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-23.56%	-56.50%	+32.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.96%	—	—
Current Drawdown Current decline from peak	-9.77%	-52.96%	+43.19%
Average Drawdown Average peak-to-trough decline	-3.74%	-27.31%	+23.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.02%	—	—

Volatility

Volatility by Period

	FEPI	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	95.78%	-76.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	95.78%	-76.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	95.78%	-76.20%

FEPI vs. ARMW - Expense Ratio Comparison

FEPI has a 0.65% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

FEPI vs. ARMW - Dividend Comparison

FEPI's dividend yield for the trailing twelve months is around 26.43%, less than ARMW's 66.19% yield.

Position	TTM	2025	2024	2023
ARMW Roundhill ARM WeeklyPay ETF	66.19%	16.38%	0.00%	0.00%
FEPI REX FANG & Innovation Equity Premium Income ETF	26.43%	25.48%	27.18%	4.21%

Frequently Asked Questions

Can I hold both FEPI and ARMW in my portfolio?

FEPI and ARMW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEPI or ARMW?

On fees, FEPI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEPI or ARMW?

FEPI is cheaper with a 0.65% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 66.19%, compared with 26.43% for FEPI.

What is the main difference between FEPI and ARMW?

They also come from different issuers: REX and Roundhill. Their fees differ too: 0.65% for FEPI and 0.99% for ARMW.