SPYT vs. ARMW

Last updated Jun 4, 2026

SPYT (Defiance S&P 500 Income Target ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. SPYT charges 0.87%/yr vs 0.99%/yr for ARMW.

Performance

SPYT vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Income Target ETF (SPYT) 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, SPYT achieves a 9.70% return, which is significantly lower than ARMW's 363.23% return.

SPYT

• 1D: -0.68%
• 1M: 3.81%
• YTD: 9.70%
• 6M: 9.51%
• 1Y: 23.29%
• 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)

SPYT vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
SPYT Defiance S&P 500 Income Target ETF	9.70%	0.99%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between SPYT and ARMW is 0.53, 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	0.53

SPYT vs. ARMW - Sectors Allocation Comparison

Sectors	SPYT	ARMW
Technology	36.2%	36.0%
Financial Services	11.9%	-
Communication Services	10.9%	-
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

SPYT vs. ARMW — Risk / Return Rank

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

SPYT

SPYT Risk / Return Rank: 65
SPYT Sharpe Ratio Rank: 63
SPYT Sortino Ratio Rank: 63
SPYT Omega Ratio Rank: 70
SPYT Calmar Ratio Rank: 58
SPYT Martin Ratio Rank: 72

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.

SPYT vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Income Target ETF (SPYT) 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.

	SPYT	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	2.98	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	13.59	—	—
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

	SPYT	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	4.96	-3.87

Drawdowns

SPYT vs. ARMW - Drawdown Comparison

The maximum SPYT drawdown since its inception was -18.25%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for SPYT and ARMW.

Drawdown Indicators

	SPYT	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-18.25%	-48.47%	+30.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	—	—
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-2.00%	-26.55%	+24.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	—	—

Volatility

Volatility by Period

	SPYT	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	88.46%	-77.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	88.46%	-73.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	88.46%	-73.66%

SPYT vs. ARMW - Expense Ratio Comparison

SPYT has a 0.87% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

SPYT vs. ARMW - Dividend Comparison

SPYT's dividend yield for the trailing twelve months is around 20.73%, more than ARMW's 15.20% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%
SPYT Defiance S&P 500 Income Target ETF	20.73%	21.40%	17.37%

Frequently Asked Questions

Can I hold both SPYT and ARMW in my portfolio?

SPYT and ARMW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYT or ARMW?

On fees, SPYT is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYT or ARMW?

SPYT is cheaper with a 0.87% expense ratio, compared with 0.99% for ARMW.

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

SPYT has the higher dividend yield at 20.73%, compared with 15.20% for ARMW.

What is the main difference between SPYT and ARMW?

They also come from different issuers: Defiance and Roundhill Investments. Their fees differ too: 0.87% for SPYT and 0.99% for ARMW.