ODTE vs. ARMW

Last updated Jun 13, 2026

ODTE (VegaShares SPX NDX RTY Premium Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 0.99%/yr for ARMW.

Performance

ODTE vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares SPX NDX RTY Premium Income ETF (ODTE) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODTE

• 1D: 0.69%
• 1M: 0.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: 13.27%
• 1M: 87.75%
• YTD: 320.44%
• 6M: 237.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ODTE vs. ARMW - Yearly Performance Comparison

	2026 (YTD)
ODTE VegaShares SPX NDX RTY Premium Income ETF	12.03%
ARMW Roundhill ARM WeeklyPay ETF	181.46%

Correlation

The correlation between ODTE and ARMW is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.54

Return for Risk

ODTE vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.

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

Drawdowns

ODTE vs. ARMW - Drawdown Comparison

The maximum ODTE drawdown since its inception was -4.67%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for ODTE and ARMW.

Drawdown Indicators

	ODTE	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-4.67%	-48.47%	+43.80%
Current Drawdown Current decline from peak	-2.28%	-9.24%	+6.96%
Average Drawdown Average peak-to-trough decline	-0.74%	-26.03%	+25.29%

Volatility

Volatility by Period

	ODTE	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.91%	92.75%	-77.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	92.75%	-77.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	92.75%	-77.84%

ODTE vs. ARMW - Expense Ratio Comparison

ODTE has a 0.76% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

ODTE vs. ARMW - Dividend Comparison

ODTE's dividend yield for the trailing twelve months is around 2.43%, less than ARMW's 19.53% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	19.53%	16.38%
ODTE VegaShares SPX NDX RTY Premium Income ETF	2.43%	0.00%

Frequently Asked Questions

Can I hold both ODTE and ARMW in my portfolio?

ODTE and ARMW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ODTE or ARMW?

On fees, ODTE is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODTE or ARMW?

ODTE is cheaper with a 0.76% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 19.53%, compared with 2.43% for ODTE.

What is the main difference between ODTE and ARMW?

They also come from different issuers: VegaShares and Roundhill Investments. Their fees differ too: 0.76% for ODTE and 0.99% for ARMW.