RYLD vs. ARMW

Last updated Jun 24, 2026

RYLD (Global X Russell 2000 Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. RYLD is passively managed, while ARMW is actively managed. At a 0.49 correlation, their price movements are largely independent. RYLD charges 0.60%/yr vs 0.99%/yr for ARMW.

Performance

RYLD vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Russell 2000 Covered Call ETF (RYLD) 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, RYLD achieves a 9.51% return, which is significantly lower than ARMW's 297.09% return.

RYLD

• 1D: -0.50%
• 1M: 2.12%
• YTD: 9.51%
• 6M: 8.37%
• 1Y: 20.74%
• 3Y*: 8.72%
• 5Y*: 2.45%
• 10Y*: —

ARMW

• 1D: -13.02%
• 1M: 22.00%
• YTD: 297.09%
• 6M: 286.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RYLD vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
RYLD Global X Russell 2000 Covered Call ETF	9.51%	2.23%
ARMW Roundhill ARM WeeklyPay ETF	297.09%	-41.28%

Correlation

The correlation between RYLD and ARMW is 0.49, 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	0.49

RYLD vs. ARMW - Sectors Allocation Comparison

Sectors	RYLD	ARMW
Technology	19.0%	28.9%
Industrials	18.0%	-
Healthcare	16.3%	-
Financial Services	15.5%	-
Consumer Cyclical	8.0%	-
Real Estate	5.9%	-
Energy	5.4%	-
Basic Materials	4.7%	-
Utilities	2.8%	-
Communication Services	2.4%	-
Consumer Defensive	2.3%	-

Return for Risk

RYLD vs. ARMW — Risk / Return Rank

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

RYLD

RYLD Risk / Return Rank: 68
RYLD Sharpe Ratio Rank: 62
RYLD Sortino Ratio Rank: 62
RYLD Omega Ratio Rank: 73
RYLD Calmar Ratio Rank: 69
RYLD Martin Ratio Rank: 74

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.

RYLD vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call ETF (RYLD) 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.

	RYLD	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.96	—	—
Sortino ratio: Return per unit of downside risk	2.76	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.31	—	—
Martin ratio: Return relative to average drawdown	13.37	—	—

Drawdowns

RYLD vs. ARMW - Drawdown Comparison

The maximum RYLD drawdown since its inception was -41.53%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for RYLD and ARMW.

Drawdown Indicators

	RYLD	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-41.53%	-48.47%	+6.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.33%	—	—
Current Drawdown Current decline from peak	-0.50%	-20.08%	+19.58%
Average Drawdown Average peak-to-trough decline	-8.78%	-25.29%	+16.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	—	—

Volatility

Volatility by Period

	RYLD	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	94.74%	-84.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	94.74%	-80.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.15%	94.74%	-77.59%

RYLD vs. ARMW - Expense Ratio Comparison

RYLD has a 0.60% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

RYLD vs. ARMW - Dividend Comparison

RYLD's dividend yield for the trailing twelve months is around 11.73%, less than ARMW's 25.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ARMW Roundhill ARM WeeklyPay ETF	25.98%	16.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RYLD Global X Russell 2000 Covered Call ETF	11.73%	12.00%	12.03%	12.64%	13.49%	12.35%	10.76%	6.43%

Frequently Asked Questions

Can I hold both RYLD and ARMW in my portfolio?

RYLD and ARMW have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RYLD or ARMW?

On fees, RYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RYLD or ARMW?

RYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 25.98%, compared with 11.73% for RYLD.

What is the main difference between RYLD and ARMW?

They also come from different issuers: Global X and Roundhill Investments. Their fees differ too: 0.60% for RYLD and 0.99% for ARMW.