IWMW vs. ARMW
IWMW (iShares Russell 2000 BuyWrite ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. IWMW is passively managed, while ARMW is actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. IWMW charges 0.39%/yr vs 0.99%/yr for ARMW.
Performance
IWMW vs. ARMW - Performance Comparison
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Returns By Period
In the year-to-date period, IWMW achieves a 16.00% return, which is significantly lower than ARMW's 184.82% return.
IWMW
- 1D
- 0.93%
- 1M
- 2.47%
- 6M
- 13.33%
- YTD
- 16.00%
- 1Y
- 27.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.47%
ARMW
- 1D
- 21.87%
- 1M
- -13.39%
- 6M
- 202.81%
- YTD
- 184.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.27M | $4.47M | $4.19M | |
| $588.35K | $501.88K | $531.86K |
IWMW vs. ARMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWMW iShares Russell 2000 BuyWrite ETF | 16.00% | -0.14% |
ARMW Roundhill ARM WeeklyPay ETF | 184.82% | -41.28% |
Correlation
The correlation between IWMW and ARMW is 0.49, 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 | 0.49 |
IWMW vs. ARMW - Sectors Allocation Comparison
Sectors
IWMW
ARMW
Healthcare
-
Financial Services
-
Technology
Industrials
-
Consumer Cyclical
-
Real Estate
-
Energy
-
Basic Materials
-
Utilities
-
Consumer Defensive
-
Communication Services
-
Healthcare
IWMW
ARMW
-
Financial Services
IWMW
ARMW
-
Technology
IWMW
ARMW
Industrials
IWMW
ARMW
-
Consumer Cyclical
IWMW
ARMW
-
Real Estate
IWMW
ARMW
-
Energy
IWMW
ARMW
-
Basic Materials
IWMW
ARMW
-
Utilities
IWMW
ARMW
-
Consumer Defensive
IWMW
ARMW
-
Communication Services
IWMW
ARMW
-
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Return for Risk
IWMW vs. ARMW — Risk / Return Rank
IWMW
ARMW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWMW vs. ARMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) 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.
| IWMW | ARMW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | — | — |
| Martin ratioReturn relative to average drawdown | 13.75 | — | — |
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Drawdowns
IWMW vs. ARMW - Drawdown Comparison
The maximum IWMW drawdown since its inception was -21.82%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for IWMW and ARMW.
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Drawdown Indicators
| IWMW | ARMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.82% | -56.50% | +34.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -42.68% | +42.68% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -27.39% | +23.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | — | — |
Volatility
IWMW vs. ARMW - Volatility Comparison
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Volatility by Period
| IWMW | ARMW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 98.62% | -86.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 98.62% | -82.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 98.62% | -82.81% |
IWMW vs. ARMW - Expense Ratio Comparison
IWMW has a 0.39% expense ratio, which is lower than ARMW's 0.99% expense ratio.
Dividends
IWMW vs. ARMW - Dividend Comparison
IWMW's dividend yield for the trailing twelve months is around 20.25%, less than ARMW's 54.31% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 54.31% | 16.38% | 0.00% |
IWMW iShares Russell 2000 BuyWrite ETF | 20.25% | 20.98% | 17.73% |
Frequently Asked Questions
IWMW and ARMW have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMW is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMW is cheaper with a 0.39% expense ratio, compared with 0.99% for ARMW.
ARMW has the higher dividend yield at 54.31%, compared with 20.25% for IWMW.
They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.39% for IWMW and 0.99% for ARMW.
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