Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QDTE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QDTE
QDTE charges 0.97% annually. There are 127 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | QDTE vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | QDTE vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | QDTE vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | QDTE vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.27B | Oct 2023 | QDTE vs GPIX |
Best Risk-Adjusted Alternatives to QDTE
QDTE has a PortfoliosLab risk / return rank of 64. There are 32 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 95 | 1.16B | Apr 2025 | QDTE vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | QDTE vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | QDTE vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 90 | 409.32M | Sep 2023 | QDTE vs AMDY | |
| Simplify Treasury Option Income ETF | 86 | 465.86M | Oct 2022 | QDTE vs BUCK |
Top Performing QDTE Alternatives (YTD)
QDTE is at 12.61% YTD. There are 37 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | QDTE vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | QDTE vs CWII | |
| Roundhill ARM WeeklyPay ETF | 297.09% | 17.52M | Oct 2025 | QDTE vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 176.01% | 83.00M | Jul 2025 | QDTE vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.34% | 409.32M | Sep 2023 | QDTE vs AMDY |
Lowest Volatility Alternatives to QDTE
QDTE has 16.68% 1-year volatility. There are 109 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | QDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | QDTE vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | QDTE vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | QDTE vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.52% | 50.16M | Aug 2021 | QDTE vs XRMI |
Lowest Drawdown Alternatives to QDTE
QDTE has a 1-year max drawdown of -10.20%. There are 74 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | QDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | QDTE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | QDTE vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | QDTE vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | QDTE vs OMAH |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, CHAT, XDTE and span 6 categories. AUM among these funds goes as high as $16B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Roundhill Magnificent Seven ETF | Technology Equities, Large Cap Growth Equities | 25 | -4.28% | 3.78B | Apr 2023 | QDTE vs MAGS | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 89 | 63.45% | 2.01B | May 2023 | QDTE vs CHAT | |
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | Derivative Income, S&P 500 | 61 | 6.79% | 317.35M | Mar 2024 | QDTE vs XDTE | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 2 | -26.15% | 128.93M | Jan 2024 | QDTE vs YBTC | |
| Roundhill Daily 2X Long Magnificent Seven ETF | Leveraged Equities | 19 | -13.73% | 65.45M | Feb 2024 | QDTE vs MAGX | |
| Roundhill Memory ETF | Technology Equities | — | — | 15.51B | Apr 2026 | QDTE vs DRAM | |
| PLTR WeeklyPay™ ETF | Derivative Income | 5 | -42.11% | 127.22M | Feb 2025 | QDTE vs PLTW | |
| Roundhill Magnificent Seven Covered Call ETF | Derivative Income | 11 | -7.53% | 147.97M | Apr 2025 | QDTE vs MAGY | |
| Roundhill NVDA WeeklyPay ETF | Derivative Income | 29 | 6.30% | 123.06M | Feb 2025 | QDTE vs NVDW | |
| Roundhill Russell 2000 0DTE Covered Call Strategy ... | Derivative Income | 58 | 16.99% | 159.83M | Sep 2024 | QDTE vs RDTE |
Often Compared With QDTE
Investors most often compare QDTE with YMAX, QQQI, QQQ. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare QDTE with Any Fund or Stock
Compare QDTE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QDTE with funds that move differently
Roundhill Innovation-100 0DTE Covered Call Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QDTE.
Explore QDTE Diversifiers