PAYR vs. ARMW
PAYR (Federated Hermes Enhanced Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. PAYR charges 0.40%/yr vs 0.99%/yr for ARMW.
Performance
PAYR vs. ARMW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAYR achieves a 10.01% return, which is significantly lower than ARMW's 287.65% return.
PAYR
- 1D
- -0.09%
- 1M
- -0.45%
- YTD
- 10.01%
- 6M
- 9.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMW
- 1D
- -2.38%
- 1M
- 19.11%
- YTD
- 287.65%
- 6M
- 278.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAYR vs. ARMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAYR Federated Hermes Enhanced Income ETF | 10.01% | 2.55% |
ARMW Roundhill ARM WeeklyPay ETF | 287.65% | -41.28% |
Correlation
The correlation between PAYR and ARMW is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | -0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading charts...
Drawdowns
PAYR vs. ARMW - Drawdown Comparison
The maximum PAYR drawdown since its inception was -5.24%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for PAYR and ARMW.
Loading charts...
Drawdown Indicators
| PAYR | ARMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -48.47% | +43.23% |
Current DrawdownCurrent decline from peak | -2.28% | -21.98% | +19.70% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -25.27% | +23.62% |
Volatility
PAYR vs. ARMW - Volatility Comparison
Loading charts...
Volatility by Period
| PAYR | ARMW | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 10.46% | 94.53% | -84.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.46% | 94.53% | -84.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.46% | 94.53% | -84.07% |
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 5.33%, less than ARMW's 26.61% yield.
| Position | TTM | 2025 |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 26.61% | 16.38% |
PAYR Federated Hermes Enhanced Income ETF | 5.33% | 1.99% |
Frequently Asked Questions
PAYR and ARMW have a correlation of -0.11, 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 26.61%, compared with 5.33% for PAYR.
They also come from different issuers: Federated Hermes and Roundhill Investments. Their fees differ too: 0.40% for PAYR and 0.99% for ARMW.
Find the right allocation for PAYR and ARMW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer