GLDY vs. ARMW

Last updated Jun 4, 2026

GLDY (Defiance Gold Enhanced Options Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GLDY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Gold Enhanced Options Income ETF (GLDY) 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, GLDY achieves a -2.30% return, which is significantly lower than ARMW's 363.23% return.

GLDY

• 1D: -0.58%
• 1M: -1.38%
• YTD: -2.30%
• 6M: -0.58%
• 1Y: 13.84%
• 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)

GLDY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
GLDY Defiance Gold Enhanced Options Income ETF	-2.30%	4.02%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between GLDY and ARMW is 0.09, 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 24, 2025	0.09

Return for Risk

GLDY vs. ARMW — Risk / Return Rank

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

GLDY

GLDY Risk / Return Rank: 21
GLDY Sharpe Ratio Rank: 20
GLDY Sortino Ratio Rank: 18
GLDY Omega Ratio Rank: 23
GLDY Calmar Ratio Rank: 23
GLDY Martin Ratio Rank: 21

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.

GLDY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GLDY) 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.

	GLDY	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	0.70	—	—
Sortino ratio: Return per unit of downside risk	0.92	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.03	—	—
Martin ratio: Return relative to average drawdown	2.47	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GLDY	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	4.96	-4.40

Drawdowns

GLDY vs. ARMW - Drawdown Comparison

The maximum GLDY drawdown since its inception was -13.43%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for GLDY and ARMW.

Drawdown Indicators

	GLDY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-13.43%	-48.47%	+35.04%
Max Drawdown (1Y) Largest decline over 1 year	-13.43%	—	—
Current Drawdown Current decline from peak	-13.12%	0.00%	-13.12%
Average Drawdown Average peak-to-trough decline	-3.91%	-26.55%	+22.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.61%	—	—

Volatility

Volatility by Period

	GLDY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.87%	88.46%	-68.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.58%	88.46%	-68.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.58%	88.46%	-68.88%

GLDY vs. ARMW - Expense Ratio Comparison

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

Dividends

GLDY vs. ARMW - Dividend Comparison

GLDY's dividend yield for the trailing twelve months is around 46.42%, more than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
GLDY Defiance Gold Enhanced Options Income ETF	46.42%	37.38%

Frequently Asked Questions

Can I hold both GLDY and ARMW in my portfolio?

GLDY and ARMW have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDY 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, GLDY or ARMW?

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

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

GLDY has the higher dividend yield at 46.42%, compared with 15.20% for ARMW.

What is the main difference between GLDY and ARMW?

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