XDTE vs. ARMW

Last updated Jun 4, 2026

XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. XDTE charges 0.97%/yr vs 0.99%/yr for ARMW.

Performance

XDTE vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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, XDTE achieves a 8.83% return, which is significantly lower than ARMW's 363.23% return.

XDTE

• 1D: -0.66%
• 1M: 4.14%
• YTD: 8.83%
• 6M: 8.93%
• 1Y: 25.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: 3.44%
• 1M: 128.75%
• YTD: 363.23%
• 6M: 245.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDTE vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.83%	3.03%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between XDTE and ARMW is 0.54, 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 24, 2025	0.54

XDTE vs. ARMW - Sectors Allocation Comparison

Sectors	XDTE	ARMW
Technology	35.6%	36.0%
Financial Services	11.8%	-
Communication Services	11.2%	-
Consumer Cyclical	10.1%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XDTE vs. ARMW — Risk / Return Rank

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

XDTE

XDTE Risk / Return Rank: 70
XDTE Sharpe Ratio Rank: 70
XDTE Sortino Ratio Rank: 67
XDTE Omega Ratio Rank: 70
XDTE Calmar Ratio Rank: 66
XDTE Martin Ratio Rank: 78

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.

XDTE vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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.

	XDTE	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	2.35	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.36	—	—
Martin ratio: Return relative to average drawdown	15.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XDTE	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	4.96	-3.71

Drawdowns

XDTE vs. ARMW - Drawdown Comparison

The maximum XDTE drawdown since its inception was -19.09%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for XDTE and ARMW.

Drawdown Indicators

	XDTE	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-19.09%	-48.47%	+29.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	—	—
Current Drawdown Current decline from peak	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-2.32%	-26.55%	+24.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	—	—

Volatility

Volatility by Period

	XDTE	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	88.46%	-77.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	88.46%	-74.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	88.46%	-74.61%

XDTE vs. ARMW - Expense Ratio Comparison

XDTE has a 0.97% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

XDTE vs. ARMW - Dividend Comparison

XDTE's dividend yield for the trailing twelve months is around 33.00%, more than ARMW's 15.20% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.00%	39.16%	20.35%

Frequently Asked Questions

Can I hold both XDTE and ARMW in my portfolio?

XDTE and ARMW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDTE or ARMW?

On fees, XDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDTE or ARMW?

XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for ARMW.

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

XDTE has the higher dividend yield at 33.00%, compared with 15.20% for ARMW.

What is the main difference between XDTE and ARMW?

They also come from different issuers: Roundhill and Roundhill Investments. Their fees differ too: 0.97% for XDTE and 0.99% for ARMW.