MSTY vs. ARMW

Last updated Aug 4, 2026

MSTY (YieldMax™ MSTR Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.35 correlation means their historical movements had little consistent relationship. 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 -32.53% return, which is significantly lower than ARMW's 133.71% return.

MSTY

• 1D: 1.13%
• 1M: -1.52%
• 6M: -27.05%
• YTD: -32.53%
• 1Y: -68.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.99%

ARMW

• 1D: -0.53%
• 1M: -28.93%
• 6M: 143.26%
• YTD: 133.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARMW Roundhill ARM WeeklyPay ETF	$3.40M	$4.54M	$4.17M
MSTY YieldMax™ MSTR Option Income Strategy ETF	$12.83M	$13.14M	$28.03M

MSTY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
MSTY YieldMax™ MSTR Option Income Strategy ETF	-32.53%	-39.36%
ARMW Roundhill ARM WeeklyPay ETF	133.71%	-41.28%

Correlation

The correlation between MSTY and ARMW is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.35

Return for Risk

MSTY vs. ARMW — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 1
MSTY Martin Ratio Rank: 2

ARMW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MSTY	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	—	—
Sortino ratio: Return per unit of downside risk	-1.96	—	—
Omega ratio: Gain probability vs. loss probability	0.79	—	—
Calmar ratio: Return relative to maximum drawdown	-0.91	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—

Drawdowns

MSTY vs. ARMW - Drawdown Comparison

The maximum MSTY drawdown since its inception was -77.40%, which is greater than ARMW's maximum drawdown of -56.50%. 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	-77.40%	-56.50%	-20.90%
Max Drawdown (1Y) Largest decline over 1 year	-74.91%	—	—
Current Drawdown Current decline from peak	-73.47%	-52.96%	-20.51%
Average Drawdown Average peak-to-trough decline	-29.12%	-27.31%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.95%	—	—

Volatility

Volatility by Period

	MSTY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	64.93%	95.78%	-30.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.85%	95.78%	-23.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.85%	95.78%	-23.93%

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 248.73%, more than ARMW's 66.19% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	66.19%	16.38%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	248.73%	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 248.73%, compared with 66.19% for ARMW.

What is the main difference between MSTY and ARMW?

They also come from different issuers: YieldMax and Roundhill.