SLJY vs. ARMW

Last updated Jun 4, 2026

SLJY (Amplify SILJ Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. SLJY charges 0.75%/yr vs 0.99%/yr for ARMW.

Performance

SLJY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify SILJ Covered Call ETF (SLJY) 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, SLJY achieves a 7.71% return, which is significantly lower than ARMW's 363.23% return.

SLJY

• 1D: -4.01%
• 1M: 3.34%
• YTD: 7.71%
• 6M: 15.56%
• 1Y: —
• 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)

SLJY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	7.71%	20.95%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between SLJY and ARMW is 0.18, 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	0.18

Return for Risk

SLJY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) 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.

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

Sharpe Ratios by Period

	SLJY	ARMW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	4.96	-3.46

Drawdowns

SLJY vs. ARMW - Drawdown Comparison

The maximum SLJY drawdown since its inception was -30.60%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for SLJY and ARMW.

Drawdown Indicators

	SLJY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-30.60%	-48.47%	+17.87%
Current Drawdown Current decline from peak	-21.65%	0.00%	-21.65%
Average Drawdown Average peak-to-trough decline	-9.60%	-26.55%	+16.95%

Volatility

Volatility by Period

	SLJY	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	49.59%	88.46%	-38.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.59%	88.46%	-38.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.59%	88.46%	-38.87%

SLJY vs. ARMW - Expense Ratio Comparison

SLJY has a 0.75% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

SLJY vs. ARMW - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 16.71%, more than ARMW's 15.20% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%
SLJY Amplify SILJ Covered Call ETF	16.71%	6.26%

Frequently Asked Questions

Can I hold both SLJY and ARMW in my portfolio?

SLJY and ARMW have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLJY or ARMW?

On fees, SLJY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLJY or ARMW?

SLJY is cheaper with a 0.75% expense ratio, compared with 0.99% for ARMW.

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

SLJY has the higher dividend yield at 16.71%, compared with 15.20% for ARMW.

What is the main difference between SLJY and ARMW?

They also come from different issuers: Amplify and Roundhill Investments. Their fees differ too: 0.75% for SLJY and 0.99% for ARMW.