FTKI vs. ARMW

Last updated Aug 5, 2026

FTKI (First Trust Small Cap BuyWrite Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.42 correlation means their historical movements had little consistent relationship. FTKI charges 0.85%/yr vs 0.99%/yr for ARMW.

Performance

FTKI vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Small Cap BuyWrite Income ETF (FTKI) 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, FTKI achieves a 14.85% return, which is significantly lower than ARMW's 184.82% return.

FTKI

• 1D: 0.99%
• 1M: 1.77%
• 6M: 10.11%
• YTD: 14.85%
• 1Y: 23.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.47%

ARMW

• 1D: 21.87%
• 1M: -13.39%
• 6M: 202.81%
• YTD: 184.82%
• 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	$3.27M	$4.47M	$4.19M
FTKI First Trust Small Cap BuyWrite Income ETF	$188.94K	$153.18K	$119.93K

FTKI vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
FTKI First Trust Small Cap BuyWrite Income ETF	14.85%	5.18%
ARMW Roundhill ARM WeeklyPay ETF	184.82%	-41.28%

Correlation

The correlation between FTKI and ARMW is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.42

FTKI vs. ARMW - Sectors Allocation Comparison

Sectors	FTKI	ARMW
Consumer Cyclical	18.7%	-
Technology	18.0%	18.0%
Financial Services	17.1%	-
Industrials	13.0%	-
Healthcare	10.6%	-
Energy	7.3%	-
Basic Materials	5.7%	-
Real Estate	5.3%	-
Communication Services	1.8%	-
Consumer Defensive	1.7%	-
Utilities	0.8%	-

Return for Risk

FTKI vs. ARMW — Risk / Return Rank

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

FTKI

FTKI Risk / Return Rank: 88
FTKI Sharpe Ratio Rank: 88
FTKI Sortino Ratio Rank: 89
FTKI Omega Ratio Rank: 88
FTKI Calmar Ratio Rank: 90
FTKI Martin Ratio Rank: 87

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.

FTKI vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap BuyWrite Income ETF (FTKI) 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.

	FTKI	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	3.34	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	4.21	—	—
Martin ratio: Return relative to average drawdown	14.14	—	—

Drawdowns

FTKI vs. ARMW - Drawdown Comparison

The maximum FTKI drawdown since its inception was -15.17%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for FTKI and ARMW.

Drawdown Indicators

	FTKI	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-15.17%	-56.50%	+41.33%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	—	—
Current Drawdown Current decline from peak	0.00%	-42.68%	+42.68%
Average Drawdown Average peak-to-trough decline	-2.36%	-27.39%	+25.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	—	—

Volatility

Volatility by Period

	FTKI	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.08%	98.62%	-88.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	98.62%	-83.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.70%	98.62%	-83.92%

FTKI vs. ARMW - Expense Ratio Comparison

FTKI has a 0.85% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

FTKI vs. ARMW - Dividend Comparison

FTKI's dividend yield for the trailing twelve months is around 11.25%, less than ARMW's 54.31% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	54.31%	16.38%
FTKI First Trust Small Cap BuyWrite Income ETF	11.25%	8.99%

Frequently Asked Questions

Can I hold both FTKI and ARMW in my portfolio?

FTKI and ARMW have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTKI or ARMW?

On fees, FTKI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTKI or ARMW?

FTKI is cheaper with a 0.85% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 54.31%, compared with 11.25% for FTKI.

What is the main difference between FTKI and ARMW?

They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.85% for FTKI and 0.99% for ARMW.