NIHI vs. ARMW

Last updated Jun 5, 2026

NIHI (NEOS MSCI EAFE High Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. NIHI charges 0.68%/yr vs 0.99%/yr for ARMW.

Performance

NIHI vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS MSCI EAFE High Income ETF (NIHI) 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, NIHI achieves a 6.43% return, which is significantly lower than ARMW's 336.58% return.

NIHI

• 1D: 0.56%
• 1M: 2.77%
• YTD: 6.43%
• 6M: 8.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -5.75%
• 1M: 108.38%
• YTD: 336.58%
• 6M: 222.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIHI vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
NIHI NEOS MSCI EAFE High Income ETF	6.43%	3.27%
ARMW Roundhill ARM WeeklyPay ETF	336.58%	-40.49%

Correlation

The correlation between NIHI and ARMW is 0.46, 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	0.46

NIHI vs. ARMW - Sectors Allocation Comparison

Sectors	NIHI	ARMW
Financial Services	22.9%	-
Industrials	20.5%	-
Technology	10.2%	36.0%
Healthcare	9.8%	-
Consumer Cyclical	8.2%	-
Basic Materials	6.6%	-
Consumer Defensive	6.4%	-
Communication Services	4.5%	-
Energy	4.0%	-
Utilities	3.8%	-
Real Estate	3.1%	-

Return for Risk

NIHI vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS MSCI EAFE High Income ETF (NIHI) 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

	NIHI	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	4.33	-3.17

Drawdowns

NIHI vs. ARMW - Drawdown Comparison

The maximum NIHI drawdown since its inception was -10.88%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for NIHI and ARMW.

Drawdown Indicators

	NIHI	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-10.88%	-48.47%	+37.59%
Current Drawdown Current decline from peak	-0.59%	-5.75%	+5.16%
Average Drawdown Average peak-to-trough decline	-2.37%	-26.42%	+24.05%

Volatility

Volatility by Period

	NIHI	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	88.57%	-73.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	88.57%	-73.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	88.57%	-73.49%

NIHI vs. ARMW - Expense Ratio Comparison

NIHI has a 0.68% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

NIHI vs. ARMW - Dividend Comparison

NIHI's dividend yield for the trailing twelve months is around 7.79%, less than ARMW's 16.13% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	16.13%	16.38%
NIHI NEOS MSCI EAFE High Income ETF	7.79%	3.44%

Frequently Asked Questions

Can I hold both NIHI and ARMW in my portfolio?

NIHI and ARMW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NIHI or ARMW?

On fees, NIHI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NIHI or ARMW?

NIHI is cheaper with a 0.68% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 16.13%, compared with 7.79% for NIHI.

What is the main difference between NIHI and ARMW?

They also come from different issuers: Neos and Roundhill Investments. Their fees differ too: 0.68% for NIHI and 0.99% for ARMW.