TSPY vs. ARMW
TSPY (TappAlpha S&P 500 Growth & Daily Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. TSPY charges 0.68%/yr vs 0.99%/yr for ARMW.
Performance
TSPY vs. ARMW - Performance Comparison
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Returns By Period
In the year-to-date period, TSPY achieves a 6.10% return, which is significantly lower than ARMW's 297.09% return.
TSPY
- 1D
- -1.37%
- 1M
- -1.28%
- YTD
- 6.10%
- 6M
- 5.11%
- 1Y
- 22.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMW
- 1D
- -13.02%
- 1M
- 22.00%
- YTD
- 297.09%
- 6M
- 286.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSPY vs. ARMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 6.10% | 3.14% |
ARMW Roundhill ARM WeeklyPay ETF | 297.09% | -41.28% |
Correlation
The correlation between TSPY and ARMW is 0.56, 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 23, 2025 | 0.56 |
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Return for Risk
TSPY vs. ARMW — Risk / Return Rank
TSPY
ARMW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSPY vs. ARMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TappAlpha S&P 500 Growth & Daily Income ETF (TSPY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSPY | ARMW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | — | — |
| Martin ratioReturn relative to average drawdown | 9.98 | — | — |
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Drawdowns
TSPY vs. ARMW - Drawdown Comparison
The maximum TSPY drawdown since its inception was -18.02%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for TSPY and ARMW.
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Drawdown Indicators
| TSPY | ARMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.02% | -48.47% | +30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | — | — |
Current DrawdownCurrent decline from peak | -2.97% | -20.08% | +17.11% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -25.29% | +22.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | — | — |
Volatility
TSPY vs. ARMW - Volatility Comparison
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Volatility by Period
| TSPY | ARMW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.35% | 94.74% | -82.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 94.74% | -78.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 94.74% | -78.61% |
TSPY vs. ARMW - Expense Ratio Comparison
TSPY has a 0.68% expense ratio, which is lower than ARMW's 0.99% expense ratio.
Dividends
TSPY vs. ARMW - Dividend Comparison
TSPY's dividend yield for the trailing twelve months is around 14.08%, less than ARMW's 25.98% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ARMW Roundhill ARM WeeklyPay ETF | 25.98% | 16.38% | 0.00% |
TSPY TappAlpha S&P 500 Growth & Daily Income ETF | 14.08% | 13.69% | 3.45% |
Frequently Asked Questions
TSPY and ARMW have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSPY is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSPY is cheaper with a 0.68% expense ratio, compared with 0.99% for ARMW.
ARMW has the higher dividend yield at 25.98%, compared with 14.08% for TSPY.
They also come from different issuers: TappAlpha and Roundhill Investments. Their fees differ too: 0.68% for TSPY and 0.99% for ARMW.
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