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RYLD vs. ARMW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RYLD vs. ARMW

Last updated Aug 4, 2026
Documentation

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. Their 0.50 correlation means they have sometimes moved together and sometimes differently. 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.

Loading charts...

Returns By Period

In the year-to-date period, RYLD achieves a 13.48% return, which is significantly lower than ARMW's 133.71% return.

RYLD

1D
1.06%
1M
2.27%
6M
10.40%
YTD
13.48%
1Y
26.26%
3Y*
8.70%
5Y*
3.43%
10Y*
—
ALL TIME*
5.95%

ARMW

1D
-0.53%
1M
-28.93%
6M
143.26%
YTD
133.71%
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ARMW

Roundhill ARM WeeklyPay ETF
$3.40M$4.54M$4.17M

RYLD

Global X Russell 2000 Covered Call ETF
$9.87M$9.43M$9.08M

RYLD vs. ARMW - Yearly Performance Comparison

2026 (YTD)2025
RYLD
Global X Russell 2000 Covered Call ETF		13.48%2.23%
ARMW
Roundhill ARM WeeklyPay ETF		133.71%-41.28%

Correlation

The correlation between RYLD and ARMW is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (All Time)
Calculated using the full available price history since Oct 23, 2025

0.50

RYLD vs. ARMW - Sectors Allocation Comparison

Sectors
RYLD
ARMW

Healthcare

20.3%

-

Financial Services

17.8%

-

Technology

14.5%
18.0%

Industrials

14.1%

-

Consumer Cyclical

9.2%

-

Real Estate

6.8%

-

Energy

5.5%

-

Basic Materials

4.4%

-

Utilities

2.8%

-

Consumer Defensive

2.6%

-

Communication Services

2.2%

-

Healthcare

RYLD
20.3%
ARMW

-

Financial Services

RYLD
17.8%
ARMW

-

Technology

RYLD
14.5%
ARMW
18.0%

Industrials

RYLD
14.1%
ARMW

-

Consumer Cyclical

RYLD
9.2%
ARMW

-

Real Estate

RYLD
6.8%
ARMW

-

Energy

RYLD
5.5%
ARMW

-

Basic Materials

RYLD
4.4%
ARMW

-

Utilities

RYLD
2.8%
ARMW

-

Consumer Defensive

RYLD
2.6%
ARMW

-

Communication Services

RYLD
2.2%
ARMW

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Russell 2000 Covered Call ETF

Roundhill ARM WeeklyPay ETF

Often compared with RYLD:
RYLD vs. QYLDRYLD vs. XYLDRYLD vs. JEPIRYLD vs. IWMRYLD vs. SVOLRYLD vs. SCHDRYLD vs. QQQ
Often compared with ARMW:
ARMW vs. AMDWARMW vs. CHPYARMW vs. ULTIARMW vs. UNHWARMW vs. SCLZARMW vs. USOYARMW vs. YQQQ

Return for Risk

RYLD vs. ARMW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
RYLD
RYLD Risk / Return Rank: 9393
Overall Rank
RYLD Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
RYLD Sortino Ratio Rank: 9393
Sortino Ratio Rank
RYLD Omega Ratio Rank: 9494
Omega Ratio Rank
RYLD Calmar Ratio Rank: 9292
Calmar Ratio Rank
RYLD Martin Ratio Rank: 9393
Martin Ratio Rank
ARMW

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

RYLDARMWDifference
Sharpe ratioReturn per unit of total volatility
2.50

—

—

Sortino ratioReturn per unit of downside risk
3.52

—

—

Omega ratioGain probability vs. loss probability

1.52

—

—

Calmar ratioReturn relative to maximum drawdown

4.19

—

—

Martin ratioReturn relative to average drawdown

17.17

—

—

RYLD vs. ARMW - Sharpe Ratio Comparison

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Drawdowns

RYLD vs. ARMW - Drawdown Comparison

The maximum RYLD drawdown since its inception was -41.53%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for RYLD and ARMW.

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Drawdown Indicators

RYLDARMWDifference

Max Drawdown

Largest peak-to-trough decline

-41.53%

-56.50%

+14.97%

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

0.00%

-52.96%

+52.96%

Average Drawdown

Average peak-to-trough decline

-8.65%

-27.31%

+18.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.53%

—

—

Volatility

RYLD vs. ARMW - Volatility Comparison

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Volatility by Period

RYLDARMWDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.30%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

7.74%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

10.58%

95.78%

-85.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

95.78%

-81.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.04%

95.78%

-78.74%

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 11.50%, less than ARMW's 66.19% yield.

PositionTTM2025202420232022202120202019
ARMW
Roundhill ARM WeeklyPay ETF		66.19%16.38%0.00%0.00%0.00%0.00%0.00%0.00%
RYLD
Global X Russell 2000 Covered Call ETF		11.50%12.00%12.03%12.64%13.49%12.35%10.76%6.43%

Frequently Asked Questions

RYLD and ARMW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

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

ARMW has the higher dividend yield at 66.19%, compared with 11.50% for RYLD.

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

Portfolio Optimizer

Find the right allocation for RYLD and ARMW

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