AAPW vs. QDTY

Last updated Jun 13, 2026

AAPW (AAPL WeeklyPay™ ETF) and QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - AAPW is a Derivative Income fund actively managed by Roundhill, while QDTY is a Nasdaq-100 fund actively managed by YieldMax. Both are actively managed. Over the past year, AAPW returned 51.82% vs 31.52% for QDTY. At a 0.42 correlation, their price movements are largely independent. AAPW charges 0.99%/yr vs 1.01%/yr for QDTY.

Performance

AAPW vs. QDTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAPL WeeklyPay™ ETF (AAPW) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AAPW achieves a 6.66% return, which is significantly lower than QDTY's 11.46% return.

AAPW

• 1D: -1.69%
• 1M: -3.57%
• YTD: 6.66%
• 6M: 3.12%
• 1Y: 51.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTY

• 1D: 0.65%
• 1M: 0.87%
• YTD: 11.46%
• 6M: 12.70%
• 1Y: 31.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AAPW vs. QDTY - Yearly Performance Comparison

	2026 (YTD)	2025
AAPW AAPL WeeklyPay™ ETF	6.66%	8.71%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	11.46%	10.77%

Correlation

The correlation between AAPW and QDTY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.42

AAPW vs. QDTY - Sectors Allocation Comparison

Sectors	AAPW	QDTY
Technology	19.9%	53.7%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.2%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Industrials	-	3.1%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

AAPW vs. QDTY — Risk / Return Rank

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

AAPW

AAPW Risk / Return Rank: 62
AAPW Sharpe Ratio Rank: 65
AAPW Sortino Ratio Rank: 66
AAPW Omega Ratio Rank: 63
AAPW Calmar Ratio Rank: 68
AAPW Martin Ratio Rank: 50

QDTY

QDTY Risk / Return Rank: 65
QDTY Sharpe Ratio Rank: 69
QDTY Sortino Ratio Rank: 62
QDTY Omega Ratio Rank: 66
QDTY Calmar Ratio Rank: 65
QDTY Martin Ratio Rank: 64

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.

AAPW vs. QDTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAPL WeeklyPay™ ETF (AAPW) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AAPW	QDTY	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.95	-0.08
Sortino ratio: Return per unit of downside risk	2.63	2.52	+0.12
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio: Return relative to maximum drawdown	3.00	2.85	+0.15
Martin ratio: Return relative to average drawdown	7.46	10.13	-2.67

AAPW vs. QDTY - Sharpe Ratio Comparison

The current AAPW Sharpe Ratio is 1.87, which is comparable to the QDTY Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of AAPW and QDTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AAPW vs. QDTY - Drawdown Comparison

The maximum AAPW drawdown since its inception was -36.28%, which is greater than QDTY's maximum drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for AAPW and QDTY.

Drawdown Indicators

	AAPW	QDTY	Difference
Max Drawdown Largest peak-to-trough decline	-36.28%	-23.45%	-12.83%
Max Drawdown (1Y) Largest decline over 1 year	-17.36%	-11.10%	-6.26%
Current Drawdown Current decline from peak	-9.13%	-4.22%	-4.91%
Average Drawdown Average peak-to-trough decline	-11.04%	-4.47%	-6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.97%	3.12%	+3.85%

Volatility

AAPW vs. QDTY - Volatility Comparison

AAPL WeeklyPay™ ETF (AAPW) has a higher volatility of 7.86% compared to YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) at 6.75%. This indicates that AAPW's price experiences larger fluctuations and is considered to be riskier than QDTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AAPW	QDTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	6.75%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	20.24%	13.16%	+7.08%
Volatility (1Y) Calculated over the trailing 1-year period	27.85%	16.22%	+11.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.64%	26.06%	+8.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.64%	26.06%	+8.58%

AAPW vs. QDTY - Expense Ratio Comparison

AAPW has a 0.99% expense ratio, which is lower than QDTY's 1.01% expense ratio.

Dividends

AAPW vs. QDTY - Dividend Comparison

AAPW's dividend yield for the trailing twelve months is around 33.93%, more than QDTY's 31.79% yield.

Position	TTM	2025
AAPW AAPL WeeklyPay™ ETF	33.93%	28.83%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	31.79%	26.82%

Frequently Asked Questions

Can I hold both AAPW and QDTY in my portfolio?

AAPW and QDTY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AAPW or QDTY?

AAPW has higher volatility (7.86%) compared to QDTY (6.75%). In terms of maximum drawdown, AAPW dropped -36.28% vs QDTY's -23.45%.

Which ETF is better, AAPW or QDTY?

On 1-year performance, AAPW leads with 51.82% vs 31.52% for QDTY. On fees, AAPW is cheaper at 0.99% per year. On volatility, QDTY has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AAPW or QDTY?

Over the 1-year period, AAPW has performed better with a 51.82% return vs 31.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AAPW or QDTY?

AAPW is cheaper with a 0.99% expense ratio, compared with 1.01% for QDTY.

Which ETF pays a higher dividend yield, AAPW or QDTY?

AAPW has the higher dividend yield at 33.93%, compared with 31.79% for QDTY.

What is the main difference between AAPW and QDTY?

AAPW is categorized as Derivative Income, while QDTY is Nasdaq-100. They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for AAPW and 1.01% for QDTY.

Which has better risk-adjusted returns?

QDTY currently has the higher Sharpe Ratio (1.95 vs 1.87), 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.