ULTI vs. ARMW

Last updated Jul 14, 2026

ULTI (REX IncomeMax Option Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. ULTI charges 1.25%/yr vs 0.99%/yr for ARMW.

Performance

ULTI vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX IncomeMax Option Strategy ETF (ULTI) 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, ULTI achieves a -3.09% return, which is significantly lower than ARMW's 207.86% return.

ULTI

• 1D: -4.86%
• 1M: -24.24%
• 6M: -19.22%
• YTD: -3.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -9.42%
• 1M: -26.78%
• 6M: 202.85%
• YTD: 207.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ULTI vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
ULTI REX IncomeMax Option Strategy ETF	-3.09%	-38.67%
ARMW Roundhill ARM WeeklyPay ETF	207.86%	-40.05%

Correlation

The correlation between ULTI and ARMW is 0.46, 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 31, 2025	0.46

Return for Risk

ULTI vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX IncomeMax Option Strategy ETF (ULTI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ULTI vs. ARMW - Drawdown Comparison

The maximum ULTI drawdown since its inception was -42.09%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for ULTI and ARMW.

Drawdown Indicators

	ULTI	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-42.09%	-48.47%	+6.38%
Current Drawdown Current decline from peak	-40.57%	-38.04%	-2.53%
Average Drawdown Average peak-to-trough decline	-28.22%	-25.65%	-2.57%

Volatility

Volatility by Period

	ULTI	ARMW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	61.57%	95.09%	-33.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.57%	95.09%	-33.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.57%	95.09%	-33.52%

ULTI vs. ARMW - Expense Ratio Comparison

ULTI has a 1.25% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

ULTI vs. ARMW - Dividend Comparison

ULTI's dividend yield for the trailing twelve months is around 79.06%, more than ARMW's 42.95% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	42.95%	16.38%
ULTI REX IncomeMax Option Strategy ETF	79.06%	14.96%

Frequently Asked Questions

Can I hold both ULTI and ARMW in my portfolio?

ULTI and ARMW have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ULTI 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, ULTI or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.25% for ULTI.

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

ULTI has the higher dividend yield at 79.06%, compared with 42.95% for ARMW.

What is the main difference between ULTI and ARMW?

They also come from different issuers: REX Shares and Roundhill Investments. Their fees differ too: 1.25% for ULTI and 0.99% for ARMW.