WDTE vs. ARMW

Last updated Jun 24, 2026

WDTE (Defiance S&P 500 Enhanced Options & 0DTE Income ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. WDTE charges 1.01%/yr vs 0.99%/yr for ARMW.

Performance

WDTE vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) 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, WDTE achieves a 7.90% return, which is significantly lower than ARMW's 297.09% return.

WDTE

• 1D: -1.29%
• 1M: -1.54%
• YTD: 7.90%
• 6M: 7.06%
• 1Y: 19.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -13.02%
• 1M: 22.00%
• YTD: 297.09%
• 6M: 286.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDTE vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	7.90%	1.96%
ARMW Roundhill ARM WeeklyPay ETF	297.09%	-41.28%

Correlation

The correlation between WDTE and ARMW is 0.53, 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	0.53

WDTE vs. ARMW - Sectors Allocation Comparison

Sectors	WDTE	ARMW
Technology	39.0%	28.9%
Financial Services	11.1%	-
Communication Services	10.6%	-
Consumer Cyclical	9.9%	-
Healthcare	8.3%	-
Industrials	7.8%	-
Consumer Defensive	4.5%	-
Energy	3.1%	-
Utilities	2.1%	-
Real Estate	1.8%	-
Basic Materials	1.7%	-

Return for Risk

WDTE vs. ARMW — Risk / Return Rank

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

WDTE

WDTE Risk / Return Rank: 57
WDTE Sharpe Ratio Rank: 55
WDTE Sortino Ratio Rank: 50
WDTE Omega Ratio Rank: 59
WDTE Calmar Ratio Rank: 54
WDTE Martin Ratio Rank: 67

ARMW

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

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.

WDTE vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) 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.

	WDTE	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.32	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.53	—	—
Martin ratio: Return relative to average drawdown	11.66	—	—

Drawdowns

WDTE vs. ARMW - Drawdown Comparison

The maximum WDTE drawdown since its inception was -15.85%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for WDTE and ARMW.

Drawdown Indicators

	WDTE	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-48.47%	+32.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	—	—
Current Drawdown Current decline from peak	-2.94%	-20.08%	+17.14%
Average Drawdown Average peak-to-trough decline	-1.83%	-25.29%	+23.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	—	—

Volatility

Volatility by Period

	WDTE	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.97%	94.74%	-83.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.51%	94.74%	-83.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.51%	94.74%	-83.23%

WDTE vs. ARMW - Expense Ratio Comparison

WDTE has a 1.01% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

WDTE vs. ARMW - Dividend Comparison

WDTE's dividend yield for the trailing twelve months is around 32.96%, more than ARMW's 25.98% yield.

Position	TTM	2025	2024	2023
ARMW Roundhill ARM WeeklyPay ETF	25.98%	16.38%	0.00%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	32.96%	35.78%	51.80%	16.41%

Frequently Asked Questions

Can I hold both WDTE and ARMW in my portfolio?

WDTE and ARMW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDTE 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, WDTE or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.01% for WDTE.

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

WDTE has the higher dividend yield at 32.96%, compared with 25.98% for ARMW.

What is the main difference between WDTE and ARMW?

They also come from different issuers: Defiance and Roundhill Investments. Their fees differ too: 1.01% for WDTE and 0.99% for ARMW.