RDTE vs. ARMW

Last updated Jun 23, 2026

RDTE (Roundhill Russell 2000 0DTE Covered Call Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. RDTE charges 0.97%/yr vs 0.99%/yr for ARMW.

Performance

RDTE vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) 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, RDTE achieves a 18.03% return, which is significantly lower than ARMW's 356.51% return.

RDTE

• 1D: 1.03%
• 1M: 6.25%
• YTD: 18.03%
• 6M: 15.21%
• 1Y: 32.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -8.12%
• 1M: 40.26%
• YTD: 356.51%
• 6M: 337.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDTE vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	18.03%	1.06%
ARMW Roundhill ARM WeeklyPay ETF	356.51%	-41.28%

Correlation

The correlation between RDTE and ARMW is 0.48, 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 23, 2025	0.48

Return for Risk

RDTE vs. ARMW — Risk / Return Rank

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

RDTE

RDTE Risk / Return Rank: 61
RDTE Sharpe Ratio Rank: 58
RDTE Sortino Ratio Rank: 55
RDTE Omega Ratio Rank: 52
RDTE Calmar Ratio Rank: 73
RDTE Martin Ratio Rank: 69

ARMW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

RDTE vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) 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.

	RDTE	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.56	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.55	—	—
Martin ratio: Return relative to average drawdown	12.29	—	—

Drawdowns

RDTE vs. ARMW - Drawdown Comparison

The maximum RDTE drawdown since its inception was -24.32%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for RDTE and ARMW.

Drawdown Indicators

	RDTE	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-24.32%	-48.47%	+24.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	—	—
Current Drawdown Current decline from peak	0.00%	-8.12%	+8.12%
Average Drawdown Average peak-to-trough decline	-4.56%	-25.32%	+20.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	—	—

Volatility

Volatility by Period

	RDTE	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	93.49%	-76.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	93.49%	-74.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	93.49%	-74.18%

RDTE vs. ARMW - Expense Ratio Comparison

RDTE has a 0.97% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

RDTE vs. ARMW - Dividend Comparison

RDTE's dividend yield for the trailing twelve months is around 43.75%, more than ARMW's 22.59% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	22.59%	16.38%	0.00%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	43.75%	50.16%	10.70%

Frequently Asked Questions

Can I hold both RDTE and ARMW in my portfolio?

RDTE and ARMW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RDTE or ARMW?

On fees, RDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RDTE or ARMW?

RDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for ARMW.

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

RDTE has the higher dividend yield at 43.75%, compared with 22.59% for ARMW.

What is the main difference between RDTE and ARMW?

They also come from different issuers: Roundhill and Roundhill Investments. Their fees differ too: 0.97% for RDTE and 0.99% for ARMW.