- Issuer
- Roundhill
- Inception Date
- Mar 6, 2024
- Category
- Derivative Income, Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $865M
Share Price Chart
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Performance
QDTE Performance Chart
Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) is up 12.2% since the beginning of the year. QDTE is currently trading at $30 per share.
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Returns By Period
Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has returned 12.21% so far this year and 31.05% over the past 12 months.
Roundhill Innovation-100 0DTE Covered Call Strategy ETF
- 1D
- -0.36%
- 1M
- -0.53%
- YTD
- 12.21%
- 6M
- 10.80%
- 1Y
- 31.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
QDTE Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2024, QDTE's average daily return is +0.09%, while the average monthly return is +1.73%. At this rate, an investment would double in approximately 3.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +12.0%, while the worst month was Mar 2025 at -6.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QDTE closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +5.2%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.51% | -1.25% | -5.56% | 12.02% | 9.25% | -3.15% | 12.21% | ||||||
| 2025 | 2.81% | -2.80% | -5.97% | -5.21% | 9.76% | 6.96% | 2.88% | 1.08% | 4.96% | 4.41% | -0.44% | 0.59% | 19.32% |
| 2024 | 0.57% | -4.86% | 6.40% | 5.49% | -0.91% | 2.32% | 3.66% | -0.22% | 5.50% | -1.43% | 17.13% |
Benchmark Metrics
Roundhill Innovation-100 0DTE Covered Call Strategy ETF has an annualized alpha of 2.63%, beta of 1.10, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since March 07, 2024.
- This ETF captured 129.03% of S&P 500 Index gains and 118.42% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.63% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.10 and R2 of 0.85, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.63%
- Beta
- 1.10
- R²
- 0.85
- Upside Capture
- 129.03%
- Downside Capture
- 118.42%
Expense Ratio
QDTE has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QDTE ranks 64 for risk / return — better than 64% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) and compare them to S&P 500 Index.
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.
| QDTE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.29 | +0.76 |
| Martin ratioReturn relative to average drawdown | 11.78 | 10.15 | +1.63 |
Dividends
Dividend History
Roundhill Innovation-100 0DTE Covered Call Strategy ETF provided a 44.39% dividend yield over the last twelve months, with an annual payout of $13.50 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $13.50 | $15.26 | $12.84 |
Dividend yield | 44.39% | 49.49% | 32.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Roundhill Innovation-100 0DTE Covered Call Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.55 | $0.70 | $0.62 | $0.68 | $0.83 | $0.51 | $3.90 | ||||||
| 2025 | $1.25 | $0.99 | $0.90 | $0.88 | $1.09 | $0.80 | $1.18 | $0.92 | $0.89 | $1.05 | $0.89 | $4.43 | $15.26 |
| 2024 | $0.36 | $1.02 | $1.36 | $1.03 | $1.21 | $2.35 | $1.23 | $1.22 | $0.99 | $2.07 | $12.84 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Roundhill Innovation-100 0DTE Covered Call Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Roundhill Innovation-100 0DTE Covered Call Strategy ETF was 22.86%, occurring on Apr 21, 2025. Recovery took 60 trading sessions.
The current Roundhill Innovation-100 0DTE Covered Call Strategy ETF drawdown is 3.90%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -22.86%Apr 2025 | 2mo | 2mo 27d | 4mo 27dFeb 2025 - Jul 2025 |
2024 correction2024 | -10.74%Aug 2024 | 25d | 1mo 15d | 2mo 10dJul 2024 - Sep 2024 |
2026 correction2026 | -10.20%Mar 2026 | 2mo | 18d | 2mo 18dJan 2026 - Apr 2026 |
2024 pullback2024 | -6.70%Apr 2024 | 1mo 12d | 26d | 2mo 8dMar 2024 - May 2024 |
2025 pullback2025 | -6.48%Nov 2025 | 21d | 15d | 1mo 6dOct 2025 - Dec 2025 |
Drawdown Indicators
| QDTE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.86% | -56.78% | +33.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -9.10% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.90% | -3.31% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -10.71% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.05% | +0.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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