JOYT vs. ARMW

Last updated Jun 4, 2026

JOYT (JPMorgan Equity And Options Total Return ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. JOYT charges 0.35%/yr vs 0.99%/yr for ARMW.

Performance

JOYT vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity And Options Total Return ETF (JOYT) 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, JOYT achieves a 5.08% return, which is significantly lower than ARMW's 363.23% return.

JOYT

• 1D: -0.20%
• 1M: 2.91%
• YTD: 5.08%
• 6M: 7.03%
• 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)

JOYT vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
JOYT JPMorgan Equity And Options Total Return ETF	5.08%	4.18%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between JOYT and ARMW is 0.44, 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	0.44

JOYT vs. ARMW - Sectors Allocation Comparison

Sectors	JOYT	ARMW
Technology	35.9%	36.0%
Financial Services	11.6%	-
Communication Services	10.3%	-
Consumer Cyclical	9.7%	-
Healthcare	8.2%	-
Industrials	6.2%	-
Consumer Defensive	4.6%	-
Energy	3.6%	-
Utilities	3.1%	-
Real Estate	1.6%	-
Basic Materials	0.8%	-

Return for Risk

JOYT vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity And Options Total Return ETF (JOYT) 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

	JOYT	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.10	4.96	-2.86

Drawdowns

JOYT vs. ARMW - Drawdown Comparison

The maximum JOYT drawdown since its inception was -6.99%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for JOYT and ARMW.

Drawdown Indicators

	JOYT	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-48.47%	+41.48%
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.87%	-26.55%	+25.68%

Volatility

Volatility by Period

	JOYT	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.39%	88.46%	-79.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.39%	88.46%	-79.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.39%	88.46%	-79.07%

JOYT vs. ARMW - Expense Ratio Comparison

JOYT has a 0.35% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

JOYT vs. ARMW - Dividend Comparison

JOYT's dividend yield for the trailing twelve months is around 0.45%, less than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
JOYT JPMorgan Equity And Options Total Return ETF	0.45%	0.28%

Frequently Asked Questions

Can I hold both JOYT and ARMW in my portfolio?

JOYT and ARMW have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JOYT or ARMW?

On fees, JOYT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JOYT or ARMW?

JOYT is cheaper with a 0.35% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 0.45% for JOYT.

What is the main difference between JOYT and ARMW?

They also come from different issuers: JPMorgan and Roundhill Investments. Their fees differ too: 0.35% for JOYT and 0.99% for ARMW.