SQY vs. ARMW

Last updated Jun 4, 2026

SQY (YieldMax SQ Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. SQY charges 1.01%/yr vs 0.99%/yr for ARMW.

Performance

SQY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SQ Option Income Strategy ETF (SQY) 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, SQY achieves a -1.01% return, which is significantly lower than ARMW's 363.23% return.

SQY

• 1D: -5.22%
• 1M: -4.39%
• YTD: -1.01%
• 6M: 6.08%
• 1Y: -0.20%
• 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)

SQY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
SQY YieldMax SQ Option Income Strategy ETF	-1.01%	-14.55%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between SQY and ARMW is 0.34, 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	0.34

Return for Risk

SQY vs. ARMW — Risk / Return Rank

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

SQY

SQY Risk / Return Rank: 9
SQY Sharpe Ratio Rank: 8
SQY Sortino Ratio Rank: 9
SQY Omega Ratio Rank: 10
SQY Calmar Ratio Rank: 9
SQY 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.

SQY vs. ARMW - Risk-Adjusted Trends Comparison

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

	SQY	ARMW	Difference
Sharpe ratio Return per unit of total volatility	-0.01	—	—
Sortino ratio Return per unit of downside risk	0.26	—	—
Omega ratio Gain probability vs. loss probability	1.03	—	—
Calmar ratio Return relative to maximum drawdown	-0.01	—	—
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

	SQY	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	4.96	-4.77

Drawdowns

SQY vs. ARMW - Drawdown Comparison

The maximum SQY drawdown since its inception was -52.30%, which is greater than ARMW's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for SQY and ARMW.

Drawdown Indicators

	SQY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-52.30%	-48.47%	-3.83%
Max Drawdown (1Y) Largest decline over 1 year	-37.72%	—	—
Current Drawdown Current decline from peak	-37.84%	0.00%	-37.84%
Average Drawdown Average peak-to-trough decline	-21.82%	-26.55%	+4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.18%	—	—

Volatility

Volatility by Period

	SQY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.83%	88.46%	-49.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.20%	88.46%	-46.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.20%	88.46%	-46.26%

SQY vs. ARMW - Expense Ratio Comparison

SQY has a 1.01% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

SQY vs. ARMW - Dividend Comparison

SQY's dividend yield for the trailing twelve months is around 109.42%, more than ARMW's 15.20% yield.

Position	TTM	2025	2024	2023
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%	0.00%
SQY YieldMax SQ Option Income Strategy ETF	109.42%	95.35%	62.54%	9.85%

Frequently Asked Questions

Can I hold both SQY and ARMW in my portfolio?

SQY and ARMW have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SQY or ARMW?

On fees, ARMW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SQY or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.01% for SQY.

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

SQY has the higher dividend yield at 109.42%, compared with 15.20% for ARMW.

What is the main difference between SQY and ARMW?

They also come from different issuers: YieldMax and Roundhill Investments. Their fees differ too: 1.01% for SQY and 0.99% for ARMW.