YMAX vs. ARMW

Last updated Aug 4, 2026

YMAX (YieldMax Universe Fund of Option Income ETFs) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. YMAX charges 1.33%/yr vs 0.99%/yr for ARMW.

Performance

YMAX vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Universe Fund of Option Income ETFs (YMAX) 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, YMAX achieves a 0.68% return, which is significantly lower than ARMW's 133.71% return.

YMAX

• 1D: 1.76%
• 1M: -1.93%
• 6M: 5.27%
• YTD: 0.68%
• 1Y: -2.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.68%

ARMW

• 1D: -0.53%
• 1M: -28.93%
• 6M: 143.26%
• YTD: 133.71%
• 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	$3.40M	$4.54M	$4.17M
YMAX YieldMax Universe Fund of Option Income ETFs	$9.31M	$11.31M	$14.54M

YMAX vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
YMAX YieldMax Universe Fund of Option Income ETFs	0.68%	-7.60%
ARMW Roundhill ARM WeeklyPay ETF	133.71%	-41.28%

Correlation

The correlation between YMAX and ARMW is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.60

YMAX vs. ARMW - Sectors Allocation Comparison

Sectors	YMAX	ARMW
Technology	61.0%	18.0%
Consumer Cyclical	7.6%	-
Communication Services	7.2%	-
Financial Services	5.5%	-
Industrials	5.4%	-
Healthcare	5.1%	-
Consumer Defensive	3.0%	-
Basic Materials	1.8%	-
Real Estate	1.6%	-
Energy	1.3%	-
Utilities	0.6%	-

Return for Risk

YMAX vs. ARMW — Risk / Return Rank

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

YMAX

YMAX Risk / Return Rank: 10
YMAX Sharpe Ratio Rank: 10
YMAX Sortino Ratio Rank: 10
YMAX Omega Ratio Rank: 10
YMAX Calmar Ratio Rank: 10
YMAX Martin Ratio Rank: 10

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.

YMAX vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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.

	YMAX	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	—	—
Sortino ratio: Return per unit of downside risk	0.03	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.09	—	—
Martin ratio: Return relative to average drawdown	-0.20	—	—

Drawdowns

YMAX vs. ARMW - Drawdown Comparison

The maximum YMAX drawdown since its inception was -26.13%, smaller than the maximum ARMW drawdown of -56.50%. Use the drawdown chart below to compare losses from any high point for YMAX and ARMW.

Drawdown Indicators

	YMAX	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-26.13%	-56.50%	+30.37%
Max Drawdown (1Y) Largest decline over 1 year	-26.13%	—	—
Current Drawdown Current decline from peak	-10.75%	-52.96%	+42.21%
Average Drawdown Average peak-to-trough decline	-6.57%	-27.31%	+20.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.72%	—	—

Volatility

Volatility by Period

	YMAX	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.15%	95.78%	-71.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.51%	95.78%	-72.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.51%	95.78%	-72.27%

YMAX vs. ARMW - Expense Ratio Comparison

YMAX has a 1.33% expense ratio, which is higher than ARMW's 0.99% expense ratio.

Dividends

YMAX vs. ARMW - Dividend Comparison

YMAX's dividend yield for the trailing twelve months is around 71.74%, more than ARMW's 66.19% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	66.19%	16.38%	0.00%
YMAX YieldMax Universe Fund of Option Income ETFs	71.74%	78.70%	44.20%

Frequently Asked Questions

Can I hold both YMAX and ARMW in my portfolio?

YMAX and ARMW have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YMAX 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, YMAX or ARMW?

ARMW is cheaper with a 0.99% expense ratio, compared with 1.33% for YMAX.

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

YMAX has the higher dividend yield at 71.74%, compared with 66.19% for ARMW.

What is the main difference between YMAX and ARMW?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.33% for YMAX and 0.99% for ARMW.