TLTI vs. ARMW

Last updated Jun 4, 2026

TLTI (NEOS Enhanced Income 20+ Year Treasury Bond ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.27 correlation, their price movements are largely independent. TLTI charges 0.58%/yr vs 0.99%/yr for ARMW.

Performance

TLTI vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) 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, TLTI achieves a 0.83% return, which is significantly lower than ARMW's 363.23% return.

TLTI

• 1D: -0.42%
• 1M: 0.91%
• YTD: 0.83%
• 6M: -0.98%
• 1Y: 6.68%
• 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)

TLTI vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF	0.83%	-3.19%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between TLTI and ARMW is 0.27, 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	0.27

TLTI vs. ARMW - Sectors Allocation Comparison

Sectors	TLTI	ARMW
Technology	35.6%	36.0%
Financial Services	11.8%	-
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

TLTI vs. ARMW — Risk / Return Rank

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

TLTI

TLTI Risk / Return Rank: 20
TLTI Sharpe Ratio Rank: 20
TLTI Sortino Ratio Rank: 20
TLTI Omega Ratio Rank: 19
TLTI Calmar Ratio Rank: 22
TLTI Martin Ratio Rank: 21

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.

TLTI vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) 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.

	TLTI	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	0.71	—	—
Sortino ratio: Return per unit of downside risk	1.08	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	1.02	—	—
Martin ratio: Return relative to average drawdown	2.47	—	—
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

	TLTI	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	4.96	-4.94

Drawdowns

TLTI vs. ARMW - Drawdown Comparison

The maximum TLTI drawdown since its inception was -8.70%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for TLTI and ARMW.

Drawdown Indicators

	TLTI	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-8.70%	-48.47%	+39.77%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	—	—
Current Drawdown Current decline from peak	-3.70%	0.00%	-3.70%
Average Drawdown Average peak-to-trough decline	-3.51%	-26.55%	+23.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	—	—

Volatility

Volatility by Period

	TLTI	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.48%	88.46%	-78.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.15%	88.46%	-77.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.15%	88.46%	-77.31%

TLTI vs. ARMW - Expense Ratio Comparison

TLTI has a 0.58% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

TLTI vs. ARMW - Dividend Comparison

TLTI's dividend yield for the trailing twelve months is around 6.31%, less than ARMW's 15.20% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%
TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF	6.31%	6.33%	0.57%

Frequently Asked Questions

Can I hold both TLTI and ARMW in my portfolio?

TLTI and ARMW have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLTI or ARMW?

On fees, TLTI is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLTI or ARMW?

TLTI is cheaper with a 0.58% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 6.31% for TLTI.

What is the main difference between TLTI and ARMW?

They also come from different issuers: NEOS Investments and Roundhill Investments. Their fees differ too: 0.58% for TLTI and 0.99% for ARMW.