ULTY vs. ARMW

Last updated Aug 2, 2026

ULTY (YieldMax Ultra Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. ULTY charges 1.40%/yr vs 0.99%/yr for ARMW.

Performance

ULTY vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Ultra Option Income Strategy ETF (ULTY) 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, ULTY achieves a 2.90% return, which is significantly lower than ARMW's 134.95% return.

ULTY

• 1D: 0.58%
• 1M: -3.39%
• 6M: 1.20%
• YTD: 2.90%
• 1Y: -9.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.16%

ARMW

• 1D: -1.33%
• 1M: -28.55%
• 6M: 146.99%
• YTD: 134.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARMW Roundhill ARM WeeklyPay ETF	$3.87M	$4.86M	$4.12M
ULTY YieldMax Ultra Option Income Strategy ETF	$16.46M	$14.74M	$17.73M

ULTY vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
ULTY YieldMax Ultra Option Income Strategy ETF	2.90%	-12.29%
ARMW Roundhill ARM WeeklyPay ETF	134.95%	-41.28%

Correlation

The correlation between ULTY and ARMW is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.60

ULTY vs. ARMW - Sectors Allocation Comparison

Sectors	ULTY	ARMW
Technology	52.5%	18.0%
Industrials	13.3%	-
Consumer Cyclical	10.6%	-
Financial Services	8.3%	-
Basic Materials	7.0%	-
Communication Services	6.6%	-
Healthcare	1.9%	-
Consumer Defensive	0.0%	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ULTY vs. ARMW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ULTY

ULTY Risk / Return Rank: 5
ULTY Sharpe Ratio Rank: 5
ULTY Sortino Ratio Rank: 5
ULTY Omega Ratio Rank: 5
ULTY Calmar Ratio Rank: 5
ULTY Martin Ratio Rank: 5

ARMW

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ULTY vs. ARMW - Risk-Adjusted Trends Comparison

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

	ULTY	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	—	—
Sortino ratio: Return per unit of downside risk	-0.57	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.47	—	—
Martin ratio: Return relative to average drawdown	-0.86	—	—

Drawdowns

ULTY vs. ARMW - Drawdown Comparison

The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for ULTY and ARMW.

Drawdown Indicators

	ULTY	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-26.85%	-56.50%	+29.65%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	—	—
Current Drawdown Current decline from peak	-15.63%	-52.71%	+37.08%
Average Drawdown Average peak-to-trough decline	-10.03%	-27.18%	+17.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.27%	—	—

Volatility

Volatility by Period

	ULTY	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.12%	96.03%	-73.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.08%	96.03%	-68.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.08%	96.03%	-68.95%

ULTY vs. ARMW - Expense Ratio Comparison

ULTY has a 1.40% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

ULTY vs. ARMW - Dividend Comparison

ULTY's dividend yield for the trailing twelve months is around 113.74%, more than ARMW's 62.70% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	62.70%	16.38%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	113.74%	142.99%	111.70%

Frequently Asked Questions

Can I hold both ULTY and ARMW in my portfolio?

ULTY and ARMW have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ULTY 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, ULTY or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.40% for ULTY.

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

ULTY has the higher dividend yield at 113.74%, compared with 62.70% for ARMW.

What is the main difference between ULTY and ARMW?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.40% for ULTY and 0.99% for ARMW.