FIAT vs. ARMW

Last updated Jul 14, 2026

FIAT (YieldMax Short COIN Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.34, they often move in opposite directions. Both charge a 0.99% expense ratio.

Performance

FIAT vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short COIN Option Income Strategy ETF (FIAT) 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, FIAT achieves a 14.54% return, which is significantly lower than ARMW's 207.86% return.

FIAT

• 1D: 1.15%
• 1M: -1.13%
• 6M: 20.55%
• YTD: 14.54%
• 1Y: 56.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -9.42%
• 1M: -26.78%
• 6M: 202.85%
• YTD: 207.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIAT vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
FIAT YieldMax Short COIN Option Income Strategy ETF	14.54%	27.93%
ARMW Roundhill ARM WeeklyPay ETF	207.86%	-41.28%

Correlation

The correlation between FIAT and ARMW is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	-0.34

Return for Risk

FIAT vs. ARMW — Risk / Return Rank

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

FIAT

FIAT Risk / Return Rank: 37
FIAT Sharpe Ratio Rank: 38
FIAT Sortino Ratio Rank: 36
FIAT Omega Ratio Rank: 39
FIAT Calmar Ratio Rank: 41
FIAT 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) 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.

FIAT vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short COIN Option Income Strategy ETF (FIAT) 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.

	FIAT	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.08	—	—
Sortino ratio: Return per unit of downside risk	1.56	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.66	—	—
Martin ratio: Return relative to average drawdown	3.58	—	—

Drawdowns

FIAT vs. ARMW - Drawdown Comparison

The maximum FIAT drawdown since its inception was -70.50%, which is greater than ARMW's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for FIAT and ARMW.

Drawdown Indicators

	FIAT	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-70.50%	-48.47%	-22.03%
Max Drawdown (1Y) Largest decline over 1 year	-34.22%	—	—
Current Drawdown Current decline from peak	-50.63%	-38.04%	-12.59%
Average Drawdown Average peak-to-trough decline	-45.52%	-25.65%	-19.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.86%	—	—

Volatility

Volatility by Period

	FIAT	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	43.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.65%	95.09%	-42.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.04%	95.09%	-35.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.04%	95.09%	-35.05%

FIAT vs. ARMW - Expense Ratio Comparison

Both FIAT and ARMW have an expense ratio of 0.99%.

Dividends

FIAT vs. ARMW - Dividend Comparison

FIAT's dividend yield for the trailing twelve months is around 104.63%, more than ARMW's 42.95% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	42.95%	16.38%	0.00%
FIAT YieldMax Short COIN Option Income Strategy ETF	104.63%	178.11%	70.99%

Frequently Asked Questions

Can I hold both FIAT and ARMW in my portfolio?

FIAT and ARMW have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FIAT or ARMW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FIAT or ARMW?

FIAT and ARMW have the same expense ratio: 0.99% per year.

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

FIAT has the higher dividend yield at 104.63%, compared with 42.95% for ARMW.

What is the main difference between FIAT and ARMW?

They also come from different issuers: YieldMax and Roundhill Investments.