PAYM vs. ARMW

Last updated Jul 16, 2026

PAYM (TrueShares S&P Autocallable Defensive Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. PAYM is passively managed, while ARMW is actively managed. At a 0.41 correlation, their price movements are largely independent. PAYM charges 0.74%/yr vs 0.99%/yr for ARMW.

Performance

PAYM vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares S&P Autocallable Defensive Income ETF (PAYM) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PAYM

• 1D: 0.71%
• 1M: 0.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -1.09%
• 1M: -38.97%
• 6M: 199.70%
• YTD: 182.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PAYM vs. ARMW - Yearly Performance Comparison

	2026 (YTD)
PAYM TrueShares S&P Autocallable Defensive Income ETF	1.39%
ARMW Roundhill ARM WeeklyPay ETF	-11.85%

Correlation

The correlation between PAYM and ARMW is 0.41, 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 May 28, 2026	0.41

Return for Risk

PAYM vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares S&P Autocallable Defensive Income ETF (PAYM) 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

PAYM vs. ARMW - Drawdown Comparison

The maximum PAYM drawdown since its inception was -5.41%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for PAYM and ARMW.

Drawdown Indicators

	PAYM	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-5.41%	-48.47%	+43.06%
Current Drawdown Current decline from peak	-1.37%	-43.15%	+41.78%
Average Drawdown Average peak-to-trough decline	-2.28%	-25.84%	+23.56%

Volatility

Volatility by Period

	PAYM	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	95.02%	-74.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.10%	95.02%	-74.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.10%	95.02%	-74.92%

PAYM vs. ARMW - Expense Ratio Comparison

PAYM has a 0.74% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

PAYM vs. ARMW - Dividend Comparison

PAYM's dividend yield for the trailing twelve months is around 1.65%, less than ARMW's 46.80% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	46.80%	16.38%
PAYM TrueShares S&P Autocallable Defensive Income ETF	1.65%	0.00%

Frequently Asked Questions

Can I hold both PAYM and ARMW in my portfolio?

PAYM and ARMW have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAYM or ARMW?

On fees, PAYM is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAYM or ARMW?

PAYM is cheaper with a 0.74% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 46.80%, compared with 1.65% for PAYM.

What is the main difference between PAYM and ARMW?

They also come from different issuers: TrueShares and Roundhill Investments. Their fees differ too: 0.74% for PAYM and 0.99% for ARMW.