GLDW vs. ARMW

Last updated Jun 4, 2026

GLDW (Roundhill Gold WeeklyPay ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GLDW vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold WeeklyPay ETF (GLDW) 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, GLDW achieves a 1.00% return, which is significantly lower than ARMW's 363.23% return.

GLDW

• 1D: -1.20%
• 1M: -2.48%
• YTD: 1.00%
• 6M: 3.47%
• 1Y: —
• 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)

GLDW vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
GLDW Roundhill Gold WeeklyPay ETF	1.00%	7.63%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.05%

Correlation

The correlation between GLDW and ARMW is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.08

Return for Risk

GLDW vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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.

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

Sharpe Ratios by Period

	GLDW	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	4.96	-4.54

Drawdowns

GLDW vs. ARMW - Drawdown Comparison

The maximum GLDW drawdown since its inception was -23.59%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for GLDW and ARMW.

Drawdown Indicators

	GLDW	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-23.59%	-48.47%	+24.88%
Current Drawdown Current decline from peak	-22.51%	0.00%	-22.51%
Average Drawdown Average peak-to-trough decline	-8.93%	-26.55%	+17.62%

Volatility

Volatility by Period

	GLDW	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	36.90%	88.46%	-51.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.90%	88.46%	-51.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.90%	88.46%	-51.56%

GLDW vs. ARMW - Expense Ratio Comparison

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

Dividends

GLDW vs. ARMW - Dividend Comparison

GLDW's dividend yield for the trailing twelve months is around 19.48%, more than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
GLDW Roundhill Gold WeeklyPay ETF	19.48%	3.75%

Frequently Asked Questions

Can I hold both GLDW and ARMW in my portfolio?

GLDW and ARMW have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDW 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, GLDW or ARMW?

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

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

GLDW has the higher dividend yield at 19.48%, compared with 15.20% for ARMW.

What is the main difference between GLDW and ARMW?

They also come from different issuers: State Street and Roundhill Investments.