TEST vs. ARMW
TEST (YieldMax TSLA Performance & Distribution Target 25 ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. TEST charges 1.01%/yr vs 0.99%/yr for ARMW.
Performance
TEST vs. ARMW - Performance Comparison
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Returns By Period
In the year-to-date period, TEST achieves a -8.43% return, which is significantly lower than ARMW's 272.94% return.
TEST
- 1D
- -4.27%
- 1M
- -0.51%
- YTD
- -8.43%
- 6M
- -10.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMW
- 1D
- -14.58%
- 1M
- 52.72%
- YTD
- 272.94%
- 6M
- 172.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEST vs. ARMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEST YieldMax TSLA Performance & Distribution Target 25 ETF | -8.43% | 9.05% |
ARMW Roundhill ARM WeeklyPay ETF | 272.94% | -23.86% |
Correlation
The correlation between TEST and ARMW is 0.28, 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 Nov 19, 2025 | 0.28 |
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Return for Risk
TEST vs. ARMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) 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.
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Sharpe Ratios by Period
| TEST | ARMW | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 2.98 | -2.99 |
Drawdowns
TEST vs. ARMW - Drawdown Comparison
The maximum TEST drawdown since its inception was -23.35%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for TEST and ARMW.
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Drawdown Indicators
| TEST | ARMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.35% | -48.47% | +25.12% |
Current DrawdownCurrent decline from peak | -14.44% | -19.49% | +5.05% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -26.37% | +15.98% |
Volatility
TEST vs. ARMW - Volatility Comparison
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Volatility by Period
| TEST | ARMW | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 32.46% | 90.43% | -57.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.46% | 90.43% | -57.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.46% | 90.43% | -57.97% |
TEST vs. ARMW - Expense Ratio Comparison
TEST has a 1.01% expense ratio, which is higher than ARMW's 0.99% expense ratio.
Dividends
TEST vs. ARMW - Dividend Comparison
TEST's dividend yield for the trailing twelve months is around 14.42%, less than ARMW's 18.88% yield.
| Position | TTM | 2025 |
|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 18.88% | 16.38% |
TEST YieldMax TSLA Performance & Distribution Target 25 ETF | 14.42% | 2.50% |
Frequently Asked Questions
TEST and ARMW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ARMW is cheaper with a 0.99% expense ratio, compared with 1.01% for TEST.
ARMW has the higher dividend yield at 18.88%, compared with 14.42% for TEST.
They also come from different issuers: YieldMax and Roundhill Investments. Their fees differ too: 1.01% for TEST and 0.99% for ARMW.
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