FRWD vs. ARMH

Last updated Jun 5, 2026

FRWD (Nomura Transformational Technologies ETF) and ARMH (Arm Holdings PLC ADRhedged ETF) are both Technology Equities funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. FRWD charges 0.65%/yr vs 0.19%/yr for ARMH.

Performance

FRWD vs. ARMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Transformational Technologies ETF (FRWD) and Arm Holdings PLC ADRhedged ETF (ARMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRWD

• 1D: -1.05%
• 1M: 15.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMH

• 1D: -4.82%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FRWD vs. ARMH - Yearly Performance Comparison

	2026 (YTD)
FRWD Nomura Transformational Technologies ETF	2.97%
ARMH Arm Holdings PLC ADRhedged ETF	17.07%

Correlation

The correlation between FRWD and ARMH is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.70

Return for Risk

FRWD vs. ARMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Transformational Technologies ETF (FRWD) and Arm Holdings PLC ADRhedged ETF (ARMH). 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.

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

Sharpe Ratios by Period

	FRWD	ARMH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.74	2,577.07	-2,573.34

Drawdowns

FRWD vs. ARMH - Drawdown Comparison

The maximum FRWD drawdown since its inception was -18.49%, which is greater than ARMH's maximum drawdown of -4.82%. Use the drawdown chart below to compare losses from any high point for FRWD and ARMH.

Drawdown Indicators

	FRWD	ARMH	Difference
Max Drawdown Largest peak-to-trough decline	-18.49%	-4.82%	-13.67%
Current Drawdown Current decline from peak	-1.60%	-4.82%	+3.22%
Average Drawdown Average peak-to-trough decline	-5.24%	-1.29%	-3.95%

Volatility

Volatility by Period

	FRWD	ARMH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	29.89%	122.20%	-92.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.89%	122.20%	-92.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	122.20%	-92.31%

FRWD vs. ARMH - Expense Ratio Comparison

FRWD has a 0.65% expense ratio, which is higher than ARMH's 0.19% expense ratio.

Dividends

FRWD vs. ARMH - Dividend Comparison

Neither FRWD nor ARMH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FRWD and ARMH in my portfolio?

FRWD and ARMH have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FRWD or ARMH?

On fees, ARMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FRWD or ARMH?

ARMH is cheaper with a 0.19% expense ratio, compared with 0.65% for FRWD.

Which ETF pays a higher dividend yield, FRWD or ARMH?

FRWD and ARMH have nearly identical dividend yields, around 0.00%.

What is the main difference between FRWD and ARMH?

They also come from different issuers: Nomura and Precidian. Their fees differ too: 0.65% for FRWD and 0.19% for ARMH.