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 134 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% | 29.28M | Nov 2024 | RDTE vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.73M | Sep 2024 | RDTE vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 324.77M | Mar 2024 | RDTE vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | RDTE vs FYEE | |
| Parametric Equity Premium Income ETF | 0.29% | 414.48M | Oct 2023 | RDTE vs PAPI |
Best Risk-Adjusted Alternatives to RDTE
RDTE has a PortfoliosLab risk / return rank of 63. There are 52 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | RDTE vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 474.96M | Oct 2022 | RDTE vs BUCK | |
| YieldMax Semiconductor Portfolio Option Income ETF | 94 | 1.16B | Apr 2025 | RDTE vs CHPY | |
| YieldMax AMD Option Income Strategy ETF | 93 | 443.39M | Sep 2023 | RDTE vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 93 | 246.95M | Jul 2023 | RDTE vs GOOY |
Top Performing RDTE Alternatives (YTD)
RDTE is at 17.79% YTD. There are 18 ETFs in the Derivative Income category with higher YTD returns, going as high as 207.86%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 207.86% | 27.86M | Oct 2025 | RDTE vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 184.48% | 116.76M | Jul 2025 | RDTE vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 109.12% | 443.39M | Sep 2023 | RDTE vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 89.76% | 127.56M | Oct 2023 | RDTE vs MRNY | |
| YieldMax Semiconductor Portfolio Option Income ETF | 70.96% | 1.16B | Apr 2025 | RDTE vs CHPY |
Lowest Volatility Alternatives to RDTE
RDTE has 17.14% 1-year volatility. There are 124 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.80% | 474.96M | Oct 2022 | RDTE vs BUCK | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.45% | 206.17M | Apr 2026 | RDTE vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.86% | 88.48M | Feb 2025 | RDTE vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.26B | Dec 2015 | RDTE vs BUYW | |
| GraniteShares YieldBOOST 20Y+ Treasuries ETF | 5.08% | 726.94K | May 2026 | RDTE vs FIYY |
Lowest Drawdown Alternatives to RDTE
RDTE has a 1-year max drawdown of -9.17%. There are 67 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% | 474.96M | Oct 2022 | RDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 88.48M | Feb 2025 | RDTE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.26B | 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 $25B.
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