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 0.95% annually. There are 133 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% | 29.05M | Nov 2024 | QDTE vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | QDTE vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | QDTE vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | QDTE vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | QDTE vs TLTX |
Best Risk-Adjusted Alternatives to QDTE
QDTE has a PortfoliosLab risk / return rank of 64. There are 76 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | QDTE vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | QDTE vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | QDTE vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | QDTE vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | QDTE vs RYLD |
Top Performing QDTE Alternatives (YTD)
QDTE is at 11.57% YTD. There are 64 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | QDTE vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | QDTE vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | QDTE vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | QDTE vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | QDTE vs SOXY |
Lowest Volatility Alternatives to QDTE
QDTE has 17.99% 1-year volatility. There are 134 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | QDTE vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | QDTE vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | QDTE vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | QDTE vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | QDTE vs BUYW |
Lowest Drawdown Alternatives to QDTE
QDTE has a 1-year max drawdown of -10.20%. There are 90 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | QDTE vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | QDTE vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | QDTE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | QDTE vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | QDTE vs THTA |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, CHAT, XDTE and span 7 categories. AUM among these funds goes as high as $25B.
Often Compared With QDTE
Investors most often compare QDTE with QQQI, YMAX, 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