SMCY vs. ARMW

Last updated Jun 5, 2026

SMCY (YieldMax SMCI Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

SMCY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SMCI Option Income Strategy ETF (SMCY) 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, SMCY achieves a 39.53% return, which is significantly lower than ARMW's 336.58% return.

SMCY

• 1D: -0.72%
• 1M: 49.28%
• YTD: 39.53%
• 6M: 24.49%
• 1Y: 0.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -5.75%
• 1M: 108.38%
• YTD: 336.58%
• 6M: 222.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMCY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
SMCY YieldMax SMCI Option Income Strategy ETF	39.53%	-32.09%
ARMW Roundhill ARM WeeklyPay ETF	336.58%	-40.49%

Correlation

The correlation between SMCY 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 24, 2025	0.49

Return for Risk

SMCY vs. ARMW — Risk / Return Rank

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

SMCY

SMCY Risk / Return Rank: 11
SMCY Sharpe Ratio Rank: 9
SMCY Sortino Ratio Rank: 12
SMCY Omega Ratio Rank: 14
SMCY Calmar Ratio Rank: 9
SMCY Martin Ratio Rank: 9

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.

SMCY vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SMCI Option Income Strategy ETF (SMCY) 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.

	SMCY	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	0.00	—	—
Sortino ratio: Return per unit of downside risk	0.46	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.00	—	—
Martin ratio: Return relative to average drawdown	0.01	—	—
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

	SMCY	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	4.33	-4.49

Drawdowns

SMCY vs. ARMW - Drawdown Comparison

The maximum SMCY drawdown since its inception was -64.75%, which is greater than ARMW's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for SMCY and ARMW.

Drawdown Indicators

	SMCY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-64.75%	-48.47%	-16.28%
Max Drawdown (1Y) Largest decline over 1 year	-60.43%	—	—
Current Drawdown Current decline from peak	-32.73%	-5.75%	-26.98%
Average Drawdown Average peak-to-trough decline	-37.01%	-26.42%	-10.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.90%	—	—

Volatility

Volatility by Period

	SMCY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	64.51%	88.57%	-24.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.45%	88.57%	-11.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.45%	88.57%	-11.12%

SMCY vs. ARMW - Expense Ratio Comparison

Both SMCY and ARMW have an expense ratio of 0.99%.

Dividends

SMCY vs. ARMW - Dividend Comparison

SMCY's dividend yield for the trailing twelve months is around 157.96%, more than ARMW's 16.13% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	16.13%	16.38%	0.00%
SMCY YieldMax SMCI Option Income Strategy ETF	157.96%	231.43%	38.43%

Frequently Asked Questions

Can I hold both SMCY and ARMW in my portfolio?

SMCY 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, SMCY or ARMW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMCY or ARMW?

SMCY and ARMW have the same expense ratio: 0.99% per year.

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

SMCY has the higher dividend yield at 157.96%, compared with 16.13% for ARMW.

What is the main difference between SMCY and ARMW?

They also come from different issuers: YieldMax and Roundhill Investments.