XYLD vs. ARMW

Last updated Jun 4, 2026

XYLD (Global X S&P 500 Covered Call ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. XYLD is passively managed, while ARMW is actively managed. At a 0.48 correlation, their price movements are largely independent. XYLD charges 0.60%/yr vs 0.99%/yr for ARMW.

Performance

XYLD vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call ETF (XYLD) 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, XYLD achieves a 4.96% return, which is significantly lower than ARMW's 363.23% return.

XYLD

• 1D: -0.15%
• 1M: 2.00%
• YTD: 4.96%
• 6M: 6.48%
• 1Y: 17.66%
• 3Y*: 11.27%
• 5Y*: 7.72%
• 10Y*: 8.25%

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)

XYLD vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
XYLD Global X S&P 500 Covered Call ETF	4.96%	4.31%
ARMW Roundhill ARM WeeklyPay ETF	363.23%	-40.49%

Correlation

The correlation between XYLD and ARMW is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.48

XYLD vs. ARMW - Sectors Allocation Comparison

Sectors	XYLD	ARMW
Technology	35.6%	36.0%
Financial Services	11.8%	-
Communication Services	11.2%	-
Consumer Cyclical	10.2%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XYLD vs. ARMW — Risk / Return Rank

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

XYLD

XYLD Risk / Return Rank: 82
XYLD Sharpe Ratio Rank: 81
XYLD Sortino Ratio Rank: 84
XYLD Omega Ratio Rank: 92
XYLD Calmar Ratio Rank: 66
XYLD Martin Ratio Rank: 85

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.

XYLD vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (XYLD) 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.

	XYLD	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	2.71	—	—
Sortino ratio: Return per unit of downside risk	3.87	—	—
Omega ratio: Gain probability vs. loss probability	1.64	—	—
Calmar ratio: Return relative to maximum drawdown	3.35	—	—
Martin ratio: Return relative to average drawdown	17.84	—	—
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

	XYLD	ARMW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	4.96	-4.36

Drawdowns

XYLD vs. ARMW - Drawdown Comparison

The maximum XYLD drawdown since its inception was -33.46%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for XYLD and ARMW.

Drawdown Indicators

	XYLD	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-33.46%	-48.47%	+15.01%
Max Drawdown (1Y) Largest decline over 1 year	-5.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.46%	—	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.72%	-26.55%	+22.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	—	—

Volatility

Volatility by Period

	XYLD	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.55%	88.46%	-81.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	88.46%	-77.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.21%	88.46%	-74.25%

XYLD vs. ARMW - Expense Ratio Comparison

XYLD has a 0.60% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

XYLD vs. ARMW - Dividend Comparison

XYLD's dividend yield for the trailing twelve months is around 10.52%, less than ARMW's 15.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARMW Roundhill ARM WeeklyPay ETF	15.20%	16.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XYLD Global X S&P 500 Covered Call ETF	10.52%	10.51%	11.54%	10.51%	13.43%	9.07%	7.93%	5.76%	7.12%	5.18%	3.23%	4.65%

Frequently Asked Questions

Can I hold both XYLD and ARMW in my portfolio?

XYLD and ARMW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XYLD or ARMW?

On fees, XYLD is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XYLD or ARMW?

XYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for ARMW.

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

ARMW has the higher dividend yield at 15.20%, compared with 10.52% for XYLD.

What is the main difference between XYLD and ARMW?

They also come from different issuers: Global X and Roundhill Investments. Their fees differ too: 0.60% for XYLD and 0.99% for ARMW.