MSTY vs. ARMW

Last updated Jun 4, 2026

MSTY (YieldMax™ MSTR Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MSTY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax™ MSTR Option Income Strategy ETF (MSTY) 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, MSTY achieves a -14.73% return, which is significantly lower than ARMW's 363.23% return.

MSTY

• 1D: -6.76%
• 1M: -28.46%
• YTD: -14.73%
• 6M: -26.86%
• 1Y: -61.25%
• 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)

MSTY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
MSTY YieldMax™ MSTR Option Income Strategy ETF	-14.73%	-40.05%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between MSTY and ARMW is 0.35, 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	0.35

Return for Risk

MSTY vs. ARMW — Risk / Return Rank

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

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 2
MSTY Martin Ratio Rank: 2

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.

MSTY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax™ MSTR Option Income Strategy ETF (MSTY) 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.

	MSTY	ARMW	Difference
Sharpe ratio Return per unit of total volatility	-1.02	—	—
Sortino ratio Return per unit of downside risk	-1.73	—	—
Omega ratio Gain probability vs. loss probability	0.81	—	—
Calmar ratio Return relative to maximum drawdown	-0.86	—	—
Martin ratio Return relative to average drawdown	-1.31	—	—
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

	MSTY	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	4.96	-4.70

Drawdowns

MSTY vs. ARMW - Drawdown Comparison

The maximum MSTY drawdown since its inception was -71.79%, which is greater than ARMW's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for MSTY and ARMW.

Drawdown Indicators

	MSTY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-71.79%	-48.47%	-23.32%
Max Drawdown (1Y) Largest decline over 1 year	-71.79%	—	—
Current Drawdown Current decline from peak	-66.48%	0.00%	-66.48%
Average Drawdown Average peak-to-trough decline	-26.09%	-26.55%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.87%	—	—

Volatility

Volatility by Period

	MSTY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.44%	88.46%	-28.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.92%	88.46%	-16.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.92%	88.46%	-16.54%

MSTY vs. ARMW - Expense Ratio Comparison

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

Dividends

MSTY vs. ARMW - Dividend Comparison

MSTY's dividend yield for the trailing twelve months is around 269.45%, more than ARMW's 15.20% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	269.45%	294.61%	104.56%

Frequently Asked Questions

Can I hold both MSTY and ARMW in my portfolio?

MSTY and ARMW have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTY 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, MSTY or ARMW?

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

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

MSTY has the higher dividend yield at 269.45%, compared with 15.20% for ARMW.

What is the main difference between MSTY and ARMW?

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