SPIN vs. ARMW

Last updated Jun 3, 2026

SPIN (State Street US Equity Premium Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. SPIN charges 0.25%/yr vs 0.99%/yr for ARMW.

Performance

SPIN vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street US Equity Premium Income ETF (SPIN) 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, SPIN achieves a 3.07% return, which is significantly lower than ARMW's 347.83% return.

SPIN

• 1D: -0.25%
• 1M: 2.78%
• YTD: 3.07%
• 6M: 3.87%
• 1Y: 20.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -2.18%
• 1M: 110.86%
• YTD: 347.83%
• 6M: 241.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPIN vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
SPIN State Street US Equity Premium Income ETF	3.07%	2.53%
ARMW Roundhill ARM WeeklyPay ETF	347.83%	-40.49%

Correlation

The correlation between SPIN and ARMW is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.51

SPIN vs. ARMW - Sectors Allocation Comparison

Sectors	SPIN	ARMW
Technology	39.0%	36.0%
Communication Services	12.2%	-
Financial Services	11.5%	-
Consumer Cyclical	8.7%	-
Healthcare	8.3%	-
Industrials	8.0%	-
Consumer Defensive	3.8%	-
Energy	2.9%	-
Utilities	2.3%	-
Basic Materials	2.2%	-
Real Estate	1.6%	-

Return for Risk

SPIN vs. ARMW — Risk / Return Rank

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

SPIN

SPIN Risk / Return Rank: 52
SPIN Sharpe Ratio Rank: 56
SPIN Sortino Ratio Rank: 55
SPIN Omega Ratio Rank: 59
SPIN Calmar Ratio Rank: 41
SPIN Martin Ratio Rank: 50

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.

SPIN vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street US Equity Premium Income ETF (SPIN) 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.

	SPIN	ARMW	Difference
Sharpe ratio Return per unit of total volatility	1.94	—	—
Sortino ratio Return per unit of downside risk	2.66	—	—
Omega ratio Gain probability vs. loss probability	1.37	—	—
Calmar ratio Return relative to maximum drawdown	2.08	—	—
Martin ratio Return relative to average drawdown	8.68	—	—
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

	SPIN	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	4.68	-3.72

Drawdowns

SPIN vs. ARMW - Drawdown Comparison

The maximum SPIN drawdown since its inception was -16.85%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for SPIN and ARMW.

Drawdown Indicators

	SPIN	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-16.85%	-48.47%	+31.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	—	—
Current Drawdown Current decline from peak	-0.25%	-2.18%	+1.93%
Average Drawdown Average peak-to-trough decline	-2.29%	-26.73%	+24.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	—	—

Volatility

Volatility by Period

	SPIN	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.48%	88.68%	-78.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.34%	88.68%	-74.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.34%	88.68%	-74.34%

SPIN vs. ARMW - Expense Ratio Comparison

SPIN has a 0.25% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

SPIN vs. ARMW - Dividend Comparison

SPIN's dividend yield for the trailing twelve months is around 5.64%, less than ARMW's 15.72% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.72%	16.38%	0.00%
SPIN State Street US Equity Premium Income ETF	5.64%	8.20%	2.36%

Frequently Asked Questions

Can I hold both SPIN and ARMW in my portfolio?

SPIN and ARMW have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPIN or ARMW?

On fees, SPIN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPIN or ARMW?

SPIN is cheaper with a 0.25% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.72%, compared with 5.64% for SPIN.

What is the main difference between SPIN and ARMW?

They also come from different issuers: State Street and Roundhill Investments. Their fees differ too: 0.25% for SPIN and 0.99% for ARMW.