MSTK vs. ARMW

Last updated Jun 4, 2026

MSTK (Tuttle Capital MSTR 0DTE Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MSTK vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital MSTR 0DTE Covered Call ETF (MSTK) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSTK

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 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)

MSTK vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
MSTK Tuttle Capital MSTR 0DTE Covered Call ETF	-20.94%	-47.41%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between MSTK and ARMW is 0.36, 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	0.36

Return for Risk

MSTK vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital MSTR 0DTE Covered Call ETF (MSTK) 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

	MSTK	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	4.96	—

Drawdowns

Drawdown Indicators

	MSTK	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	—	-48.47%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-26.55%	—

Volatility

Volatility by Period

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

MSTK vs. ARMW - Expense Ratio Comparison

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

Dividends

MSTK vs. ARMW - Dividend Comparison

MSTK's dividend yield for the trailing twelve months is around 49.03%, more than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
MSTK Tuttle Capital MSTR 0DTE Covered Call ETF	49.03%	26.75%

Frequently Asked Questions

Can I hold both MSTK and ARMW in my portfolio?

MSTK and ARMW have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTK 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, MSTK or ARMW?

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

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

MSTK has the higher dividend yield at 49.03%, compared with 15.20% for ARMW.

What is the main difference between MSTK and ARMW?

They also come from different issuers: Tuttle Capital Management and Roundhill Investments.