WEEL vs. ARMW

Last updated Aug 2, 2026

WEEL (Peerless Option Income Wheel ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.49 correlation means their historical movements had little consistent relationship. Both charge a 0.99% expense ratio.

Performance

WEEL vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Peerless Option Income Wheel ETF (WEEL) 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, WEEL achieves a 6.19% return, which is significantly lower than ARMW's 134.95% return.

WEEL

• 1D: -0.20%
• 1M: 1.29%
• 6M: 5.52%
• YTD: 6.19%
• 1Y: 16.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.19%

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
WEEL Peerless Option Income Wheel ETF	$406.88K	$319.91K	$357.06K

WEEL vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
WEEL Peerless Option Income Wheel ETF	6.19%	3.03%
ARMW Roundhill ARM WeeklyPay ETF	134.95%	-41.28%

Correlation

The correlation between WEEL and ARMW is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.49

WEEL vs. ARMW - Sectors Allocation Comparison

Sectors	WEEL	ARMW
Technology	27.1%	18.0%
Consumer Cyclical	12.7%	-
Utilities	11.1%	-
Basic Materials	10.9%	-
Energy	9.9%	-
Communication Services	9.9%	-
Healthcare	7.7%	-
Financial Services	4.8%	-
Industrials	3.7%	-
Consumer Defensive	1.6%	-
Real Estate	0.6%	-

Return for Risk

WEEL vs. ARMW — Risk / Return Rank

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

WEEL

WEEL Risk / Return Rank: 84
WEEL Sharpe Ratio Rank: 78
WEEL Sortino Ratio Rank: 83
WEEL Omega Ratio Rank: 82
WEEL Calmar Ratio Rank: 86
WEEL Martin Ratio Rank: 91

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.

WEEL vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Peerless Option Income Wheel ETF (WEEL) 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.

	WEEL	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.32	—	—
Martin ratio: Return relative to average drawdown	15.04	—	—

Drawdowns

WEEL vs. ARMW - Drawdown Comparison

The maximum WEEL drawdown since its inception was -17.45%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for WEEL and ARMW.

Drawdown Indicators

	WEEL	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-17.45%	-56.50%	+39.05%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	—	—
Current Drawdown Current decline from peak	-0.40%	-52.71%	+52.31%
Average Drawdown Average peak-to-trough decline	-1.41%	-27.18%	+25.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	—	—

Volatility

Volatility by Period

	WEEL	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.59%	96.03%	-87.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	96.03%	-83.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	96.03%	-83.38%

WEEL vs. ARMW - Expense Ratio Comparison

Both WEEL and ARMW have an expense ratio of 0.99%.

Dividends

WEEL vs. ARMW - Dividend Comparison

WEEL's dividend yield for the trailing twelve months is around 12.72%, less than ARMW's 62.70% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	62.70%	16.38%	0.00%
WEEL Peerless Option Income Wheel ETF	12.72%	12.72%	6.88%

Frequently Asked Questions

Can I hold both WEEL and ARMW in my portfolio?

WEEL and ARMW have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WEEL or ARMW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WEEL or ARMW?

WEEL and ARMW have the same expense ratio: 0.99% per year.

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

ARMW has the higher dividend yield at 62.70%, compared with 12.72% for WEEL.

What is the main difference between WEEL and ARMW?

They also come from different issuers: Tidal and Roundhill.