PEPS vs. ARMW

Last updated Jun 3, 2026

PEPS (Parametric Equity Plus ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. PEPS charges 0.10%/yr vs 0.99%/yr for ARMW.

Performance

PEPS vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parametric Equity Plus ETF (PEPS) 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, PEPS achieves a 11.24% return, which is significantly lower than ARMW's 347.83% return.

PEPS

• 1D: 0.14%
• 1M: 6.48%
• YTD: 11.24%
• 6M: 11.73%
• 1Y: 33.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -2.18%
• 1M: 110.86%
• YTD: 347.83%
• 6M: 241.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PEPS vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
PEPS Parametric Equity Plus ETF	11.24%	2.06%
ARMW Roundhill ARM WeeklyPay ETF	347.83%	-40.49%

Correlation

The correlation between PEPS and ARMW is 0.58, 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 Oct 24, 2025	0.58

Return for Risk

PEPS vs. ARMW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PEPS

PEPS Risk / Return Rank: 75
PEPS Sharpe Ratio Rank: 77
PEPS Sortino Ratio Rank: 73
PEPS Omega Ratio Rank: 77
PEPS Calmar Ratio Rank: 68
PEPS Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEPS vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parametric Equity Plus ETF (PEPS) 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.

	PEPS	ARMW	Difference
Sharpe ratio Return per unit of total volatility	2.57	—	—
Sortino ratio Return per unit of downside risk	3.36	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	3.46	—	—
Martin ratio Return relative to average drawdown	16.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PEPS	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	4.68	-3.60

Drawdowns

PEPS vs. ARMW - Drawdown Comparison

The maximum PEPS drawdown since its inception was -21.26%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for PEPS and ARMW.

Drawdown Indicators

	PEPS	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-21.26%	-48.47%	+27.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	—	—
Current Drawdown Current decline from peak	0.00%	-2.18%	+2.18%
Average Drawdown Average peak-to-trough decline	-2.78%	-26.73%	+23.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	PEPS	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	88.68%	-75.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	88.68%	-70.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	88.68%	-70.36%

PEPS vs. ARMW - Expense Ratio Comparison

PEPS has a 0.10% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

PEPS vs. ARMW - Dividend Comparison

PEPS's dividend yield for the trailing twelve months is around 0.88%, less than ARMW's 15.72% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.72%	16.38%	0.00%
PEPS Parametric Equity Plus ETF	0.88%	1.00%	0.17%

Frequently Asked Questions

Can I hold both PEPS and ARMW in my portfolio?

PEPS and ARMW have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PEPS or ARMW?

On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PEPS or ARMW?

PEPS is cheaper with a 0.10% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.72%, compared with 0.88% for PEPS.

What is the main difference between PEPS and ARMW?

They also come from different issuers: Parametric and Roundhill Investments. Their fees differ too: 0.10% for PEPS and 0.99% for ARMW.