WNTR vs. ARMW

Last updated Jun 24, 2026

WNTR (YieldMax Short MSTR Option Income Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.37, they often move in opposite directions. WNTR charges 1.01%/yr vs 0.99%/yr for ARMW.

Performance

WNTR vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short MSTR Option Income Strategy ETF (WNTR) 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, WNTR achieves a 4.20% return, which is significantly lower than ARMW's 297.09% return.

WNTR

• 1D: 2.49%
• 1M: 29.67%
• YTD: 4.20%
• 6M: 8.46%
• 1Y: 82.67%
• 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)

WNTR vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
WNTR YieldMax Short MSTR Option Income Strategy ETF	4.20%	55.00%
ARMW Roundhill ARM WeeklyPay ETF	297.09%	-41.28%

Correlation

The correlation between WNTR and ARMW is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	-0.37

Return for Risk

WNTR vs. ARMW — Risk / Return Rank

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

WNTR

WNTR Risk / Return Rank: 41
WNTR Sharpe Ratio Rank: 47
WNTR Sortino Ratio Rank: 41
WNTR Omega Ratio Rank: 43
WNTR Calmar Ratio Rank: 41
WNTR Martin Ratio Rank: 35

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.

WNTR vs. ARMW - Risk-Adjusted Trends Comparison

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

	WNTR	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	4.97	—	—

Drawdowns

WNTR vs. ARMW - Drawdown Comparison

The maximum WNTR drawdown since its inception was -42.65%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for WNTR and ARMW.

Drawdown Indicators

	WNTR	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-42.65%	-48.47%	+5.82%
Max Drawdown (1Y) Largest decline over 1 year	-42.65%	—	—
Current Drawdown Current decline from peak	-14.99%	-20.08%	+5.09%
Average Drawdown Average peak-to-trough decline	-20.96%	-25.29%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.80%	—	—

Volatility

Volatility by Period

	WNTR	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	45.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	52.52%	94.74%	-42.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.92%	94.74%	-41.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.92%	94.74%	-41.82%

WNTR vs. ARMW - Expense Ratio Comparison

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

Dividends

WNTR vs. ARMW - Dividend Comparison

WNTR's dividend yield for the trailing twelve months is around 102.47%, more than ARMW's 25.98% yield.

Position	TTM	2025
ARMW Roundhill ARM WeeklyPay ETF	25.98%	16.38%
WNTR YieldMax Short MSTR Option Income Strategy ETF	102.47%	58.56%

Frequently Asked Questions

Can I hold both WNTR and ARMW in my portfolio?

WNTR and ARMW have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WNTR 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, WNTR or ARMW?

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

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

WNTR has the higher dividend yield at 102.47%, compared with 25.98% for ARMW.

What is the main difference between WNTR and ARMW?

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