GMEY vs. ARMW

Last updated Jun 27, 2026

GMEY (YieldMax GME Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GMEY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GME Option Income Strategy ETF (GMEY) 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, GMEY achieves a 3.58% return, which is significantly lower than ARMW's 256.61% return.

GMEY

• 1D: 2.61%
• 1M: 2.00%
• YTD: 3.58%
• 6M: -1.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -4.75%
• 1M: 11.28%
• YTD: 256.61%
• 6M: 256.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
GMEY YieldMax GME Option Income Strategy ETF	3.58%	-10.80%
ARMW Roundhill ARM WeeklyPay ETF	256.61%	-41.28%

Correlation

The correlation between GMEY and ARMW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.17

Return for Risk

GMEY vs. ARMW - Risk-Adjusted Trends Comparison

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

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

Drawdowns

GMEY vs. ARMW - Drawdown Comparison

The maximum GMEY drawdown since its inception was -25.67%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for GMEY and ARMW.

Drawdown Indicators

	GMEY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-48.47%	+22.80%
Current Drawdown Current decline from peak	-21.83%	-28.23%	+6.40%
Average Drawdown Average peak-to-trough decline	-16.93%	-25.29%	+8.36%

Volatility

Volatility by Period

	GMEY	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.40%	94.33%	-65.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.40%	94.33%	-65.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.40%	94.33%	-65.93%

GMEY vs. ARMW - Expense Ratio Comparison

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

Dividends

GMEY vs. ARMW - Dividend Comparison

GMEY's dividend yield for the trailing twelve months is around 55.39%, more than ARMW's 28.92% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	28.92%	16.38%
GMEY YieldMax GME Option Income Strategy ETF	55.39%	21.84%

Frequently Asked Questions

Can I hold both GMEY and ARMW in my portfolio?

GMEY and ARMW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEY 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, GMEY or ARMW?

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

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

GMEY has the higher dividend yield at 55.39%, compared with 28.92% for ARMW.

What is the main difference between GMEY and ARMW?

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