IOYY vs. ARMW

Last updated Jun 4, 2026

IOYY (GraniteShares YieldBOOST IONQ 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. IOYY charges 1.07%/yr vs 0.99%/yr for ARMW.

Performance

IOYY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST IONQ ETF (IOYY) 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, IOYY achieves a -11.06% return, which is significantly lower than ARMW's 363.23% return.

IOYY

• 1D: -0.54%
• 1M: 9.06%
• YTD: -11.06%
• 6M: -19.16%
• 1Y: —
• 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)

IOYY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
IOYY GraniteShares YieldBOOST IONQ ETF	-11.06%	-11.64%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-37.91%

Correlation

The correlation between IOYY 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 Nov 5, 2025	0.27

Return for Risk

IOYY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST IONQ ETF (IOYY) 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

	IOYY	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.00	4.96	-5.96

Drawdowns

IOYY vs. ARMW - Drawdown Comparison

The maximum IOYY drawdown since its inception was -38.47%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for IOYY and ARMW.

Drawdown Indicators

	IOYY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-38.47%	-48.47%	+10.00%
Current Drawdown Current decline from peak	-27.87%	0.00%	-27.87%
Average Drawdown Average peak-to-trough decline	-23.09%	-26.55%	+3.46%

Volatility

Volatility by Period

	IOYY	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	34.42%	88.46%	-54.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.42%	88.46%	-54.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.42%	88.46%	-54.04%

IOYY vs. ARMW - Expense Ratio Comparison

IOYY has a 1.07% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

IOYY vs. ARMW - Dividend Comparison

IOYY's dividend yield for the trailing twelve months is around 121.09%, more than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
IOYY GraniteShares YieldBOOST IONQ ETF	121.09%	28.55%

Frequently Asked Questions

Can I hold both IOYY and ARMW in my portfolio?

IOYY 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, IOYY or ARMW?

On fees, ARMW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IOYY or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.07% for IOYY.

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

IOYY has the higher dividend yield at 121.09%, compared with 15.20% for ARMW.

What is the main difference between IOYY and ARMW?

They also come from different issuers: GraniteShares and Roundhill Investments. Their fees differ too: 1.07% for IOYY and 0.99% for ARMW.