IVVW vs. ARMW

Last updated Aug 4, 2026

IVVW (iShares S&P 500 BuyWrite ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. IVVW is passively managed, while ARMW is actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. IVVW charges 0.25%/yr vs 0.99%/yr for ARMW.

Performance

IVVW vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 BuyWrite ETF (IVVW) 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, IVVW achieves a 8.19% return, which is significantly lower than ARMW's 133.71% return.

IVVW

• 1D: 1.03%
• 1M: 2.36%
• 6M: 6.69%
• YTD: 8.19%
• 1Y: 19.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.86%

ARMW

• 1D: -0.53%
• 1M: -28.93%
• 6M: 143.26%
• YTD: 133.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARMW Roundhill ARM WeeklyPay ETF	$3.40M	$4.54M	$4.17M
IVVW iShares S&P 500 BuyWrite ETF	$2.08M	$2.12M	$2.68M

IVVW vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
IVVW iShares S&P 500 BuyWrite ETF	8.19%	3.87%
ARMW Roundhill ARM WeeklyPay ETF	133.71%	-41.28%

Correlation

The correlation between IVVW and ARMW is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.47

IVVW vs. ARMW - Sectors Allocation Comparison

Sectors	IVVW	ARMW
Technology	36.9%	18.0%
Financial Services	12.5%	-
Communication Services	9.7%	-
Healthcare	9.4%	-
Consumer Cyclical	8.9%	-
Industrials	7.8%	-
Consumer Defensive	4.8%	-
Energy	3.4%	-
Utilities	2.6%	-
Real Estate	2.0%	-
Basic Materials	1.8%	-

Return for Risk

IVVW vs. ARMW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IVVW

IVVW Risk / Return Rank: 91
IVVW Sharpe Ratio Rank: 91
IVVW Sortino Ratio Rank: 90
IVVW Omega Ratio Rank: 93
IVVW Calmar Ratio Rank: 86
IVVW Martin Ratio Rank: 93

ARMW

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IVVW vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 BuyWrite ETF (IVVW) 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.

	IVVW	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	2.32	—	—
Sortino ratio: Return per unit of downside risk	3.20	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.42	—	—
Martin ratio: Return relative to average drawdown	17.74	—	—

Drawdowns

IVVW vs. ARMW - Drawdown Comparison

The maximum IVVW drawdown since its inception was -16.79%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for IVVW and ARMW.

Drawdown Indicators

	IVVW	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-16.79%	-56.50%	+39.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.81%	—	—
Current Drawdown Current decline from peak	0.00%	-52.96%	+52.96%
Average Drawdown Average peak-to-trough decline	-1.68%	-27.31%	+25.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	—	—

Volatility

Volatility by Period

	IVVW	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	95.78%	-87.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.57%	95.78%	-83.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	95.78%	-83.21%

IVVW vs. ARMW - Expense Ratio Comparison

IVVW has a 0.25% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

IVVW vs. ARMW - Dividend Comparison

IVVW's dividend yield for the trailing twelve months is around 18.82%, less than ARMW's 66.19% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	66.19%	16.38%	0.00%
IVVW iShares S&P 500 BuyWrite ETF	18.82%	18.55%	13.72%

Frequently Asked Questions

Can I hold both IVVW and ARMW in my portfolio?

IVVW and ARMW have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVVW or ARMW?

On fees, IVVW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVVW or ARMW?

IVVW is cheaper with a 0.25% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 66.19%, compared with 18.82% for IVVW.

What is the main difference between IVVW and ARMW?

They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.25% for IVVW and 0.99% for ARMW.