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 119 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% | 27.28M | Nov 2024 | QDTE vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | QDTE vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | QDTE vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | QDTE vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | QDTE vs QQA |
Best Risk-Adjusted Alternatives to QDTE
QDTE has a PortfoliosLab risk / return rank of 78. There are 18 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | QDTE vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | QDTE vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | QDTE vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | QDTE vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | QDTE vs TSMY |
Top Performing QDTE Alternatives (YTD)
QDTE is at 16.58% YTD. There are 29 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | QDTE vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | QDTE vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | QDTE vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | QDTE vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | QDTE vs MRNY |
Lowest Volatility Alternatives to QDTE
QDTE has 14.81% 1-year volatility. There are 100 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | QDTE vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | QDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | QDTE vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | QDTE vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | QDTE vs LQTI |
Lowest Drawdown Alternatives to QDTE
QDTE has a 1-year max drawdown of -10.20%. There are 71 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% | 438.06M | Oct 2022 | QDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | QDTE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | 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, XDTE, CHAT and span 6 categories. AUM among these funds goes as high as $14B.
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