AIPI vs. XDTE

Last updated Jun 13, 2026

AIPI (REX AI Equity Premium Income ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AIPI returned 22.46% vs 21.75% for XDTE. A 0.80 correlation means they provide meaningful diversification when combined. AIPI charges 0.65%/yr vs 0.97%/yr for XDTE.

Performance

AIPI vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX AI Equity Premium Income ETF (AIPI) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AIPI having a 6.90% return and XDTE slightly higher at 6.97%.

AIPI

• 1D: -0.32%
• 1M: 3.48%
• YTD: 6.90%
• 6M: 6.01%
• 1Y: 22.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: 0.65%
• 1M: -0.46%
• YTD: 6.97%
• 6M: 7.43%
• 1Y: 21.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AIPI vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AIPI REX AI Equity Premium Income ETF	6.90%	16.38%	15.79%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.97%	12.60%	13.28%

Correlation

The correlation between AIPI and XDTE is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024	0.80

The correlation between AIPI and XDTE has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

AIPI vs. XDTE - Sectors Allocation Comparison

Sectors	AIPI	XDTE
Technology	90.9%	35.6%
Communication Services	5.9%	11.2%
Consumer Cyclical	3.2%	10.1%
Basic Materials	-	1.8%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.8%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

AIPI vs. XDTE — Risk / Return Rank

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

AIPI

AIPI Risk / Return Rank: 40
AIPI Sharpe Ratio Rank: 45
AIPI Sortino Ratio Rank: 41
AIPI Omega Ratio Rank: 44
AIPI Calmar Ratio Rank: 36
AIPI Martin Ratio Rank: 36

XDTE

XDTE Risk / Return Rank: 68
XDTE Sharpe Ratio Rank: 68
XDTE Sortino Ratio Rank: 64
XDTE Omega Ratio Rank: 68
XDTE Calmar Ratio Rank: 65
XDTE Martin Ratio Rank: 76

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.

AIPI vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX AI Equity Premium Income ETF (AIPI) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.

	AIPI	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.92	-0.54
Sortino ratio: Return per unit of downside risk	1.85	2.55	-0.70
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratio: Return relative to maximum drawdown	1.57	2.84	-1.28
Martin ratio: Return relative to average drawdown	4.82	12.55	-7.73

AIPI vs. XDTE - Sharpe Ratio Comparison

The current AIPI Sharpe Ratio is 1.38, which is comparable to the XDTE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of AIPI and XDTE, 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

AIPI vs. XDTE - Drawdown Comparison

The maximum AIPI drawdown since its inception was -25.25%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for AIPI and XDTE.

Drawdown Indicators

	AIPI	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-25.25%	-19.09%	-6.16%
Max Drawdown (1Y) Largest decline over 1 year	-14.40%	-7.68%	-6.72%
Current Drawdown Current decline from peak	-4.20%	-2.36%	-1.84%
Average Drawdown Average peak-to-trough decline	-4.64%	-2.32%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	1.74%	+2.93%

Volatility

AIPI vs. XDTE - Volatility Comparison

REX AI Equity Premium Income ETF (AIPI) has a higher volatility of 5.30% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.93%. This indicates that AIPI's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIPI	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	3.93%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	13.53%	8.88%	+4.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	11.38%	+4.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.42%	13.92%	+7.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.42%	13.92%	+7.50%

AIPI vs. XDTE - Expense Ratio Comparison

AIPI has a 0.65% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

AIPI vs. XDTE - Dividend Comparison

AIPI's dividend yield for the trailing twelve months is around 36.97%, more than XDTE's 33.43% yield.

Position	TTM	2025	2024
AIPI REX AI Equity Premium Income ETF	36.97%	37.84%	18.13%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.43%	39.16%	20.35%

Frequently Asked Questions

Can I hold both AIPI and XDTE in my portfolio?

AIPI and XDTE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIPI or XDTE?

AIPI has higher volatility (5.30%) compared to XDTE (3.93%). In terms of maximum drawdown, AIPI dropped -25.25% vs XDTE's -19.09%.

Which ETF is better, AIPI or XDTE?

On 1-year performance, AIPI leads with 22.46% vs 21.75% for XDTE. On fees, AIPI is cheaper at 0.65% per year. On volatility, XDTE has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIPI or XDTE?

Over the 1-year period, AIPI has performed better with a 22.46% return vs 21.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIPI or XDTE?

AIPI is cheaper with a 0.65% expense ratio, compared with 0.97% for XDTE.

Which ETF pays a higher dividend yield, AIPI or XDTE?

AIPI has the higher dividend yield at 36.97%, compared with 33.43% for XDTE.

What is the main difference between AIPI and XDTE?

They also come from different issuers: REX and Roundhill. Their fees differ too: 0.65% for AIPI and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.92 vs 1.38), 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.