Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) 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 RDTE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RDTE
RDTE 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 | RDTE vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | RDTE vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | RDTE vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | RDTE vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.27B | Oct 2023 | RDTE vs GPIX |
Best Risk-Adjusted Alternatives to RDTE
RDTE has a PortfoliosLab risk / return rank of 61. There are 55 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 | 1.16B | Apr 2025 | RDTE vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | RDTE vs THTA | |
| YieldMax AMD Option Income Strategy ETF | 92 | 409.32M | Sep 2023 | RDTE vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | RDTE vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 91 | 8.44B | Dec 2013 | RDTE vs QYLD |
Top Performing RDTE Alternatives (YTD)
RDTE is at 18.03% YTD. There are 28 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 | RDTE vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | RDTE vs CWII | |
| Roundhill ARM WeeklyPay ETF | 356.51% | 17.52M | Oct 2025 | RDTE vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 197.43% | 83.00M | Jul 2025 | RDTE vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 111.33% | 409.32M | Sep 2023 | RDTE vs AMDY |
Lowest Volatility Alternatives to RDTE
RDTE has 17.26% 1-year volatility. There are 117 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 | RDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | RDTE vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | RDTE vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.12% | 292.66M | Feb 2025 | RDTE vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | RDTE vs XRMI |
Lowest Drawdown Alternatives to RDTE
RDTE has a 1-year max drawdown of -9.17%. There are 62 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 | RDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | RDTE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | RDTE vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | RDTE vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | RDTE vs OMAH |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, QDTE, CHAT and span 7 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 | 29 | -2.94% | 3.78B | Apr 2023 | RDTE vs MAGS | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | Derivative Income, Options Trading | 77 | 16.38% | 864.88M | Mar 2024 | RDTE vs QDTE | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 93 | 76.51% | 2.01B | May 2023 | RDTE vs CHAT | |
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | Derivative Income, S&P 500 | 69 | 8.25% | 317.35M | Mar 2024 | RDTE vs XDTE | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 2 | -24.30% | 128.93M | Jan 2024 | RDTE vs YBTC | |
| Roundhill Daily 2X Long Magnificent Seven ETF | Leveraged Equities | 22 | -11.19% | 65.45M | Feb 2024 | RDTE vs MAGX | |
| Roundhill Memory ETF | Technology Equities | — | — | 15.51B | Apr 2026 | RDTE vs DRAM | |
| PLTR WeeklyPay™ ETF | Derivative Income | 6 | -40.18% | 127.22M | Feb 2025 | RDTE vs PLTW | |
| Roundhill Magnificent Seven Covered Call ETF | Derivative Income | 14 | -6.36% | 147.97M | Apr 2025 | RDTE vs MAGY | |
| Roundhill NVDA WeeklyPay ETF | Derivative Income | 33 | 11.41% | 123.06M | Feb 2025 | RDTE vs NVDW |
Often Compared With RDTE
Investors most often compare RDTE with IWMI, IWMY, IWM. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare RDTE with Any Fund or Stock
Compare RDTE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RDTE with funds that move differently
Roundhill Russell 2000 0DTE Covered Call Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RDTE.
Explore RDTE Diversifiers