GPIX vs. ARMW

Last updated Jun 4, 2026

GPIX (Goldman Sachs S&P 500 Premium Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. GPIX charges 0.29%/yr vs 0.99%/yr for ARMW.

Performance

GPIX vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs S&P 500 Premium Income ETF (GPIX) 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, GPIX achieves a 9.91% return, which is significantly lower than ARMW's 363.23% return.

GPIX

• 1D: -0.48%
• 1M: 4.27%
• YTD: 9.91%
• 6M: 10.34%
• 1Y: 25.55%
• 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)

GPIX vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.91%	2.19%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between GPIX and ARMW is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.55

GPIX vs. ARMW - Sectors Allocation Comparison

Sectors	GPIX	ARMW
Technology	35.5%	36.0%
Financial Services	11.6%	-
Communication Services	11.5%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.4%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	2.0%	-
Basic Materials	1.8%	-

Return for Risk

GPIX vs. ARMW — Risk / Return Rank

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

GPIX

GPIX Risk / Return Rank: 75
GPIX Sharpe Ratio Rank: 76
GPIX Sortino Ratio Rank: 75
GPIX Omega Ratio Rank: 79
GPIX Calmar Ratio Rank: 66
GPIX Martin Ratio Rank: 82

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.

GPIX vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs S&P 500 Premium Income ETF (GPIX) 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.

	GPIX	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	2.52	—	—
Sortino ratio: Return per unit of downside risk	3.48	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	3.33	—	—
Martin ratio: Return relative to average drawdown	16.77	—	—
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

	GPIX	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	4.96	-3.17

Drawdowns

GPIX vs. ARMW - Drawdown Comparison

The maximum GPIX drawdown since its inception was -17.50%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for GPIX and ARMW.

Drawdown Indicators

	GPIX	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-48.47%	+30.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	—	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-1.48%	-26.55%	+25.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	—	—

Volatility

Volatility by Period

	GPIX	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.17%	88.46%	-78.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	88.46%	-74.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.80%	88.46%	-74.66%

GPIX vs. ARMW - Expense Ratio Comparison

GPIX has a 0.29% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

GPIX vs. ARMW - Dividend Comparison

GPIX's dividend yield for the trailing twelve months is around 8.00%, less than ARMW's 15.20% yield.

Position	TTM	2025	2024	2023
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%	0.00%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.00%	8.01%	7.45%	1.40%

Frequently Asked Questions

Can I hold both GPIX and ARMW in my portfolio?

GPIX and ARMW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GPIX or ARMW?

On fees, GPIX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPIX or ARMW?

GPIX is cheaper with a 0.29% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 8.00% for GPIX.

What is the main difference between GPIX and ARMW?

They also come from different issuers: Goldman Sachs and Roundhill Investments. Their fees differ too: 0.29% for GPIX and 0.99% for ARMW.