^DVG vs. QDTE

Last updated Jun 4, 2026

^DVG (NASDAQ US Dividend Achievers Select Index) is an index, while QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill. Over the past year, ^DVG returned 15.71% vs 40.36% for QDTE. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

^DVG vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NASDAQ US Dividend Achievers Select Index (^DVG) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^DVG achieves a 5.69% return, which is significantly lower than QDTE's 16.58% return.

^DVG

• 1D: -0.28%
• 1M: 3.68%
• YTD: 5.69%
• 6M: 5.06%
• 1Y: 15.71%
• 3Y*: 14.59%
• 5Y*: 8.70%
• 10Y*: 11.17%

QDTE

• 1D: -0.16%
• 1M: 8.99%
• YTD: 16.58%
• 6M: 16.20%
• 1Y: 40.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

^DVG vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
^DVG NASDAQ US Dividend Achievers Select Index	5.69%	12.45%	10.73%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.58%	19.32%	16.07%

Correlation

The correlation between ^DVG and QDTE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.69

The correlation between ^DVG and QDTE has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.

Return for Risk

^DVG vs. QDTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^DVG

^DVG Risk / Return Rank: 51
^DVG Sharpe Ratio Rank: 51
^DVG Sortino Ratio Rank: 53
^DVG Omega Ratio Rank: 52
^DVG Calmar Ratio Rank: 49
^DVG Martin Ratio Rank: 53

QDTE

QDTE Risk / Return Rank: 78
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 76
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^DVG vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NASDAQ US Dividend Achievers Select Index (^DVG) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^DVG	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.74	-1.24
Sortino ratio: Return per unit of downside risk	2.20	3.49	-1.29
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	1.84	3.98	-2.14
Martin ratio: Return relative to average drawdown	7.19	16.08	-8.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^DVG vs. QDTE - Sharpe Ratio Comparison

The current ^DVG Sharpe Ratio is 1.50, which is lower than the QDTE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of ^DVG and QDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^DVG	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.74	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.30	-0.90

Drawdowns

^DVG vs. QDTE - Drawdown Comparison

The maximum ^DVG drawdown since its inception was -48.54%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for ^DVG and QDTE.

Drawdown Indicators

	^DVG	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-48.54%	-22.86%	-25.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-10.20%	+1.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.85%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.16%	-0.12%
Average Drawdown Average peak-to-trough decline	-6.86%	-3.14%	-3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.52%	-0.33%

Volatility

^DVG vs. QDTE - Volatility Comparison

The current volatility for NASDAQ US Dividend Achievers Select Index (^DVG) is 2.22%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 3.75%. This indicates that ^DVG experiences smaller price fluctuations and is considered to be less risky than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^DVG	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	3.75%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	7.93%	11.01%	-3.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.54%	14.81%	-4.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	18.43%	-4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	18.43%	-2.18%

Frequently Asked Questions

Can I hold both ^DVG and QDTE in my portfolio?

^DVG and QDTE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^DVG or QDTE?

QDTE has higher volatility (3.75%) compared to ^DVG (2.22%). In terms of maximum drawdown, ^DVG dropped -48.54% vs QDTE's -22.86%.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.74 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.