Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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 XDTE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to XDTE
XDTE 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 | XDTE vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | XDTE vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | XDTE vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | XDTE vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 347.16M | Dec 2007 | XDTE vs PBP |
Best Risk-Adjusted Alternatives to XDTE
XDTE has a PortfoliosLab risk / return rank of 65. There are 38 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 96 | 1.16B | Apr 2025 | XDTE vs CHPY | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | XDTE vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | XDTE vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 91 | 409.32M | Sep 2023 | XDTE vs AMDY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.44B | Dec 2013 | XDTE vs QYLD |
Top Performing XDTE Alternatives (YTD)
XDTE is at 7.08% YTD. There are 86 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 | XDTE vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | XDTE vs CWII | |
| Roundhill ARM WeeklyPay ETF | 274.37% | 17.52M | Oct 2025 | XDTE vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 184.89% | 83.00M | Jul 2025 | XDTE vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 105.82% | 409.32M | Sep 2023 | XDTE vs AMDY |
Lowest Volatility Alternatives to XDTE
XDTE has 11.51% 1-year volatility. There are 64 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.97%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.97% | 465.86M | Oct 2022 | XDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.87% | 90.05M | Feb 2025 | XDTE vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | XDTE vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.09% | 292.66M | Feb 2025 | XDTE vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | XDTE vs XRMI |
Lowest Drawdown Alternatives to XDTE
XDTE has a 1-year max drawdown of -7.68%. There are 43 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 | XDTE vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | XDTE vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | XDTE vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | XDTE vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | XDTE vs OMAH |
Other ETFs from Roundhill
The 10 most viewed Roundhill ETFs shown here include MAGS, QDTE, CHAT 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 | 20 | -7.41% | 3.78B | Apr 2023 | XDTE vs MAGS | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | Derivative Income, Options Trading | 69 | 13.50% | 864.88M | Mar 2024 | XDTE vs QDTE | |
| Roundhill Generative AI & Technology ETF | Technology Equities | 92 | 65.84% | 2.01B | May 2023 | XDTE vs CHAT | |
| Roundhill Bitcoin Covered Call Strategy ETF | Cryptocurrency | 1 | -29.71% | 128.93M | Jan 2024 | XDTE vs YBTC | |
| Roundhill Daily 2X Long Magnificent Seven ETF | Leveraged Equities | 14 | -19.29% | 65.45M | Feb 2024 | XDTE vs MAGX | |
| Roundhill Memory ETF | Technology Equities | — | — | 15.51B | Apr 2026 | XDTE vs DRAM | |
| PLTR WeeklyPay™ ETF | Derivative Income | 5 | -47.76% | 127.22M | Feb 2025 | XDTE vs PLTW | |
| Roundhill Magnificent Seven Covered Call ETF | Derivative Income | 9 | -10.59% | 147.97M | Apr 2025 | XDTE vs MAGY | |
| Roundhill NVDA WeeklyPay ETF | Derivative Income | 21 | 3.26% | 123.06M | Feb 2025 | XDTE vs NVDW | |
| Roundhill Russell 2000 0DTE Covered Call Strategy ... | Derivative Income | 68 | 18.81% | 159.83M | Sep 2024 | XDTE vs RDTE |
Often Compared With XDTE
Investors most often compare XDTE with SPY, YMAX, TSPY. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare XDTE with Any Fund or Stock
Compare XDTE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair XDTE with funds that move differently
Roundhill S&P 500 0DTE Covered Call Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to XDTE.
Explore XDTE Diversifiers