GOOW vs. ARMW

Last updated Jul 12, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GOOW vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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, GOOW achieves a 14.21% return, which is significantly lower than ARMW's 239.89% return.

GOOW

• 1D: -0.61%
• 1M: -1.19%
• 6M: 7.54%
• YTD: 14.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -1.62%
• 1M: -19.16%
• 6M: 230.92%
• YTD: 239.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOOW vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	14.21%	28.31%
ARMW Roundhill ARM WeeklyPay ETF	239.89%	-41.28%

Correlation

The correlation between GOOW and ARMW is 0.29, 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	0.29

GOOW vs. ARMW - Sectors Allocation Comparison

Sectors	GOOW	ARMW
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	20.0%
Utilities	-	-

Return for Risk

GOOW vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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

GOOW vs. ARMW - Drawdown Comparison

The maximum GOOW drawdown since its inception was -24.88%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for GOOW and ARMW.

Drawdown Indicators

	GOOW	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-24.88%	-48.47%	+23.59%
Current Drawdown Current decline from peak	-14.11%	-31.59%	+17.48%
Average Drawdown Average peak-to-trough decline	-5.68%	-25.58%	+19.90%

Volatility

Volatility by Period

	GOOW	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.68%	94.61%	-56.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.68%	94.61%	-56.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.68%	94.61%	-56.93%

GOOW vs. ARMW - Expense Ratio Comparison

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

Dividends

GOOW vs. ARMW - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 39.57%, more than ARMW's 36.72% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	36.72%	16.38%
GOOW Roundhill GOOGL WeeklyPay™ ETF	39.57%	19.77%

Frequently Asked Questions

Can I hold both GOOW and ARMW in my portfolio?

GOOW and ARMW have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOOW 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, GOOW or ARMW?

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

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

GOOW has the higher dividend yield at 39.57%, compared with 36.72% for ARMW.

What is the main difference between GOOW and ARMW?

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