MSST vs. ARMW

Last updated Jun 6, 2026

MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MSST vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) 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, MSST achieves a -20.98% return, which is significantly lower than ARMW's 272.94% return.

MSST

• 1D: -7.10%
• 1M: -34.34%
• YTD: -20.98%
• 6M: -31.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -14.58%
• 1M: 52.72%
• YTD: 272.94%
• 6M: 172.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSST vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	-20.98%	-22.94%
ARMW Roundhill ARM WeeklyPay ETF	272.94%	-23.86%

Correlation

The correlation between MSST and ARMW is 0.33, 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 19, 2025	0.33

Return for Risk

MSST vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) 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

	MSST	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	2.98	-3.81

Drawdowns

MSST vs. ARMW - Drawdown Comparison

The maximum MSST drawdown since its inception was -44.05%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for MSST and ARMW.

Drawdown Indicators

	MSST	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-44.05%	-48.47%	+4.42%
Current Drawdown Current decline from peak	-39.11%	-19.49%	-19.62%
Average Drawdown Average peak-to-trough decline	-21.28%	-26.37%	+5.09%

Volatility

Volatility by Period

	MSST	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	72.68%	90.43%	-17.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.68%	90.43%	-17.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.68%	90.43%	-17.75%

MSST vs. ARMW - Expense Ratio Comparison

Both MSST and ARMW have an expense ratio of 0.99%.

Dividends

MSST vs. ARMW - Dividend Comparison

MSST's dividend yield for the trailing twelve months is around 17.99%, less than ARMW's 18.88% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	18.88%	16.38%
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	17.99%	2.71%

Frequently Asked Questions

Can I hold both MSST and ARMW in my portfolio?

MSST and ARMW have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSST or ARMW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSST or ARMW?

MSST and ARMW have the same expense ratio: 0.99% per year.

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

ARMW has the higher dividend yield at 18.88%, compared with 17.99% for MSST.

What is the main difference between MSST and ARMW?

They also come from different issuers: YieldMax and Roundhill Investments.