PYPY vs. ARMW

Last updated Jun 4, 2026

PYPY (Yieldmax PYPL Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. PYPY charges 1.01%/yr vs 0.99%/yr for ARMW.

Performance

PYPY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Yieldmax PYPL Option Income Strategy ETF (PYPY) 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, PYPY achieves a -23.28% return, which is significantly lower than ARMW's 363.23% return.

PYPY

• 1D: -3.78%
• 1M: -12.23%
• YTD: -23.28%
• 6M: -25.27%
• 1Y: -39.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: 3.44%
• 1M: 128.75%
• YTD: 363.23%
• 6M: 245.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PYPY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
PYPY Yieldmax PYPL Option Income Strategy ETF	-23.28%	-14.42%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between PYPY and ARMW is 0.25, 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 Oct 24, 2025	0.25

PYPY vs. ARMW - Sectors Allocation Comparison

Sectors	PYPY	ARMW
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	36.0%
Utilities	-	-

Return for Risk

PYPY vs. ARMW — Risk / Return Rank

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

PYPY

PYPY Risk / Return Rank: 1
PYPY Sharpe Ratio Rank: 1
PYPY Sortino Ratio Rank: 1
PYPY Omega Ratio Rank: 1
PYPY Calmar Ratio Rank: 2
PYPY Martin Ratio Rank: 1

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.

PYPY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) 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.

	PYPY	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	—	—
Sortino ratio: Return per unit of downside risk	-1.50	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.83	—	—
Martin ratio: Return relative to average drawdown	-1.48	—	—
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

	PYPY	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	4.96	-5.19

Drawdowns

PYPY vs. ARMW - Drawdown Comparison

The maximum PYPY drawdown since its inception was -53.64%, which is greater than ARMW's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for PYPY and ARMW.

Drawdown Indicators

	PYPY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-53.64%	-48.47%	-5.17%
Max Drawdown (1Y) Largest decline over 1 year	-47.14%	—	—
Current Drawdown Current decline from peak	-49.18%	0.00%	-49.18%
Average Drawdown Average peak-to-trough decline	-16.16%	-26.55%	+10.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.44%	—	—

Volatility

Volatility by Period

	PYPY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.15%	88.46%	-54.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.10%	88.46%	-57.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.10%	88.46%	-57.36%

PYPY vs. ARMW - Expense Ratio Comparison

PYPY has a 1.01% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

PYPY vs. ARMW - Dividend Comparison

PYPY's dividend yield for the trailing twelve months is around 69.43%, more than ARMW's 15.20% yield.

Position	TTM	2025	2024	2023
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%	0.00%
PYPY Yieldmax PYPL Option Income Strategy ETF	69.43%	64.68%	48.65%	5.70%

Frequently Asked Questions

Can I hold both PYPY and ARMW in my portfolio?

PYPY and ARMW have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PYPY or ARMW?

On fees, ARMW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PYPY or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.01% for PYPY.

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

PYPY has the higher dividend yield at 69.43%, compared with 15.20% for ARMW.

What is the main difference between PYPY and ARMW?

They also come from different issuers: YieldMax and Roundhill Investments. Their fees differ too: 1.01% for PYPY and 0.99% for ARMW.