PAYR vs. ARMW
PAYR (Federated Hermes Enhanced Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their -0.23 correlation means they have often moved in opposite directions in the past. PAYR charges 0.40%/yr vs 0.99%/yr for ARMW.
Performance
PAYR vs. ARMW - Performance Comparison
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Returns By Period
In the year-to-date period, PAYR achieves a 15.33% return, which is significantly lower than ARMW's 133.71% return.
PAYR
- 1D
- -0.05%
- 1M
- 1.91%
- 6M
- 8.77%
- YTD
- 15.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ARMW
- 1D
- -0.53%
- 1M
- -28.93%
- 6M
- 143.26%
- YTD
- 133.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.40M | $4.54M | $4.17M | |
| $901.07K | $1.13M | $686.08K |
PAYR vs. ARMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAYR Federated Hermes Enhanced Income ETF | 15.33% | 2.55% |
ARMW Roundhill ARM WeeklyPay ETF | 133.71% | -41.28% |
Correlation
The correlation between PAYR and ARMW is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | -0.23 |
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Return for Risk
PAYR vs. ARMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Enhanced Income ETF (PAYR) 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.
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Drawdowns
PAYR vs. ARMW - Drawdown Comparison
The maximum PAYR drawdown since its inception was -5.24%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for PAYR and ARMW.
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Drawdown Indicators
| PAYR | ARMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -56.50% | +51.26% |
Current DrawdownCurrent decline from peak | -1.77% | -52.96% | +51.19% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -27.31% | +25.77% |
Volatility
PAYR vs. ARMW - Volatility Comparison
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Volatility by Period
| PAYR | ARMW | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 11.12% | 95.78% | -84.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 95.78% | -84.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 95.78% | -84.66% |
PAYR vs. ARMW - Expense Ratio Comparison
PAYR has a 0.40% expense ratio, which is lower than ARMW's 0.99% expense ratio.
Dividends
PAYR vs. ARMW - Dividend Comparison
PAYR's dividend yield for the trailing twelve months is around 6.56%, less than ARMW's 66.19% yield.
| Position | TTM | 2025 |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 66.19% | 16.38% |
PAYR Federated Hermes Enhanced Income ETF | 6.56% | 1.99% |
Frequently Asked Questions
PAYR and ARMW have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAYR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAYR is cheaper with a 0.40% expense ratio, compared with 0.99% for ARMW.
ARMW has the higher dividend yield at 66.19%, compared with 6.56% for PAYR.
They also come from different issuers: Federated and Roundhill. Their fees differ too: 0.40% for PAYR and 0.99% for ARMW.
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