MLPD vs. ARMW

Last updated Jun 4, 2026

MLPD (Global X MLP & Energy Infrastructure Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. MLPD is passively managed, while ARMW is actively managed. At a correlation of -0.12, they often move in opposite directions. MLPD charges 0.60%/yr vs 0.99%/yr for ARMW.

Performance

MLPD vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) 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, MLPD achieves a 5.20% return, which is significantly lower than ARMW's 363.23% return.

MLPD

• 1D: 0.22%
• 1M: -0.32%
• YTD: 5.20%
• 6M: 6.70%
• 1Y: 15.24%
• 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)

MLPD vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
MLPD Global X MLP & Energy Infrastructure Covered Call ETF	5.20%	5.03%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between MLPD and ARMW is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	-0.12

MLPD vs. ARMW - Sectors Allocation Comparison

Sectors	MLPD	ARMW
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	36.0%
Utilities	-	-

Return for Risk

MLPD vs. ARMW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MLPD

MLPD Risk / Return Rank: 62
MLPD Sharpe Ratio Rank: 62
MLPD Sortino Ratio Rank: 59
MLPD Omega Ratio Rank: 64
MLPD Calmar Ratio Rank: 64
MLPD Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MLPD vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) 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.

	MLPD	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	2.08	—	—
Sortino ratio: Return per unit of downside risk	2.78	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.19	—	—
Martin ratio: Return relative to average drawdown	10.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MLPD	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	4.96	-3.81

Drawdowns

MLPD vs. ARMW - Drawdown Comparison

The maximum MLPD drawdown since its inception was -12.90%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for MLPD and ARMW.

Drawdown Indicators

	MLPD	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-12.90%	-48.47%	+35.57%
Max Drawdown (1Y) Largest decline over 1 year	-4.80%	—	—
Current Drawdown Current decline from peak	-1.77%	0.00%	-1.77%
Average Drawdown Average peak-to-trough decline	-1.12%	-26.55%	+25.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	—	—

Volatility

Volatility by Period

	MLPD	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.40%	88.46%	-81.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.40%	88.46%	-77.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.40%	88.46%	-77.06%

MLPD vs. ARMW - Expense Ratio Comparison

MLPD has a 0.60% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

MLPD vs. ARMW - Dividend Comparison

MLPD's dividend yield for the trailing twelve months is around 13.44%, less than ARMW's 15.20% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%
MLPD Global X MLP & Energy Infrastructure Covered Call ETF	13.44%	13.45%	6.68%

Frequently Asked Questions

Can I hold both MLPD and ARMW in my portfolio?

MLPD and ARMW have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPD or ARMW?

On fees, MLPD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MLPD or ARMW?

MLPD is cheaper with a 0.60% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 13.44% for MLPD.

What is the main difference between MLPD and ARMW?

They also come from different issuers: Global X and Roundhill Investments. Their fees differ too: 0.60% for MLPD and 0.99% for ARMW.