IGME vs. ARMW

Last updated Jun 6, 2026

IGME (Bitwise GME Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. IGME charges 0.96%/yr vs 0.99%/yr for ARMW.

Performance

IGME vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise GME Option Income Strategy ETF (IGME) 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, IGME achieves a 12.57% return, which is significantly lower than ARMW's 272.94% return.

IGME

• 1D: -1.86%
• 1M: -10.54%
• YTD: 12.57%
• 6M: 1.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -14.58%
• 1M: 52.72%
• YTD: 272.94%
• 6M: 172.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGME vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
IGME Bitwise GME Option Income Strategy ETF	12.57%	-14.29%
ARMW Roundhill ARM WeeklyPay ETF	272.94%	-40.49%

Correlation

The correlation between IGME and ARMW is 0.27, 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 24, 2025	0.27

Return for Risk

IGME vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise GME Option Income Strategy ETF (IGME) 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

	IGME	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	2.98	-3.42

Drawdowns

IGME vs. ARMW - Drawdown Comparison

The maximum IGME drawdown since its inception was -26.33%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for IGME and ARMW.

Drawdown Indicators

	IGME	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-26.33%	-48.47%	+22.14%
Current Drawdown Current decline from peak	-15.22%	-19.49%	+4.27%
Average Drawdown Average peak-to-trough decline	-14.49%	-26.37%	+11.88%

Volatility

Volatility by Period

	IGME	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	35.50%	90.43%	-54.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.50%	90.43%	-54.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.50%	90.43%	-54.93%

IGME vs. ARMW - Expense Ratio Comparison

IGME has a 0.96% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

IGME vs. ARMW - Dividend Comparison

IGME's dividend yield for the trailing twelve months is around 88.20%, more than ARMW's 18.88% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	18.88%	16.38%
IGME Bitwise GME Option Income Strategy ETF	88.20%	69.25%

Frequently Asked Questions

Can I hold both IGME and ARMW in my portfolio?

IGME and ARMW have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGME or ARMW?

On fees, IGME is cheaper at 0.96% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGME or ARMW?

IGME is cheaper with a 0.96% expense ratio, compared with 0.99% for ARMW.

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

IGME has the higher dividend yield at 88.20%, compared with 18.88% for ARMW.

What is the main difference between IGME and ARMW?

They also come from different issuers: Bitwise and Roundhill Investments. Their fees differ too: 0.96% for IGME and 0.99% for ARMW.