BETZ vs. QDTE

Last updated Aug 2, 2026

BETZ (Roundhill Sports Betting & iGaming ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - BETZ is a Consumer Discretionary Equities fund tracking the Roundhill Sports Betting & iGaming Index, while QDTE is a Derivative Income fund actively managed by Roundhill. BETZ is passively managed, while QDTE is actively managed. Over the past year, BETZ returned -16.95% vs 25.08% for QDTE. Their 0.48 correlation means their historical movements had little consistent relationship. BETZ charges 0.75%/yr vs 0.95%/yr for QDTE.

Performance

BETZ vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Sports Betting & iGaming ETF (BETZ) 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, BETZ achieves a -8.87% return, which is significantly lower than QDTE's 10.53% return.

BETZ

• 1D: -0.58%
• 1M: 0.36%
• 6M: 2.90%
• YTD: -8.87%
• 1Y: -16.95%
• 3Y*: 3.15%
• 5Y*: -5.84%
• 10Y*: —
• ALL TIME*: 4.39%

QDTE

• 1D: 0.81%
• 1M: -1.54%
• 6M: 8.89%
• YTD: 10.53%
• 1Y: 25.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BETZ Roundhill Sports Betting & iGaming ETF	$205.48K	$310.34K	$782.30K
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	$17.47M	$18.74M	$19.73M

BETZ vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BETZ Roundhill Sports Betting & iGaming ETF	-8.87%	15.75%	8.37%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	10.53%	19.32%	17.13%

Correlation

The correlation between BETZ and QDTE is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.48

The correlation between BETZ and QDTE shifts across timeframes, from 0.34 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

BETZ vs. QDTE - Sectors Allocation Comparison

Sectors	BETZ	QDTE
Consumer Cyclical	77.1%	-
Technology	8.6%	-
Communication Services	3.9%	-
Industrials	2.8%	-
Financial Services	0.0%	5.3%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BETZ vs. QDTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BETZ

BETZ Risk / Return Rank: 4
BETZ Sharpe Ratio Rank: 3
BETZ Sortino Ratio Rank: 3
BETZ Omega Ratio Rank: 3
BETZ Calmar Ratio Rank: 4
BETZ Martin Ratio Rank: 5

QDTE

QDTE Risk / Return Rank: 56
QDTE Sharpe Ratio Rank: 52
QDTE Sortino Ratio Rank: 49
QDTE Omega Ratio Rank: 50
QDTE Calmar Ratio Rank: 65
QDTE Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BETZ vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Sports Betting & iGaming ETF (BETZ) 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.

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.

	BETZ	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	1.26	-2.09
Sortino ratio: Return per unit of downside risk	-1.09	1.72	-2.81
Omega ratio: Gain probability vs. loss probability	0.88	1.22	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.60	2.23	-2.83
Martin ratio: Return relative to average drawdown	-0.93	7.58	-8.50

BETZ vs. QDTE - Sharpe Ratio Comparison

The current BETZ Sharpe Ratio is -0.83, which is lower than the QDTE Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of BETZ 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.

Drawdowns

BETZ vs. QDTE - Drawdown Comparison

The maximum BETZ drawdown since its inception was -60.82%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for BETZ and QDTE.

Drawdown Indicators

	BETZ	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-60.82%	-22.86%	-37.96%
Max Drawdown (1Y) Largest decline over 1 year	-29.20%	-10.20%	-19.00%
Max Drawdown (3Y) Largest decline over 3 years	-29.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.79%	—	—
Current Drawdown Current decline from peak	-38.35%	-5.34%	-33.01%
Average Drawdown Average peak-to-trough decline	-33.89%	-3.17%	-30.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.92%	2.99%	+15.93%

Volatility

BETZ vs. QDTE - Volatility Comparison

The current volatility for Roundhill Sports Betting & iGaming ETF (BETZ) is 5.96%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 6.78%. This indicates that BETZ 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

	BETZ	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	6.78%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	17.04%	14.80%	+2.24%
Volatility (1Y) Calculated over the trailing 1-year period	21.17%	18.06%	+3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.97%	19.17%	+7.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.85%	19.17%	+8.68%

BETZ vs. QDTE - Expense Ratio Comparison

BETZ has a 0.75% expense ratio, which is lower than QDTE's 0.95% expense ratio.

Dividends

BETZ vs. QDTE - Dividend Comparison

BETZ's dividend yield for the trailing twelve months is around 5.02%, less than QDTE's 46.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BETZ Roundhill Sports Betting & iGaming ETF	5.02%	4.57%	0.86%	0.00%	0.66%	0.00%	0.28%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	46.41%	49.49%	32.09%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BETZ and QDTE in my portfolio?

BETZ and QDTE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BETZ or QDTE?

QDTE has higher volatility (6.78%) compared to BETZ (5.96%). In terms of maximum drawdown, BETZ dropped -60.82% vs QDTE's -22.86%.

Which ETF is better, BETZ or QDTE?

On 1-year performance, QDTE leads with 25.08% vs -16.95% for BETZ. On fees, BETZ is cheaper at 0.75% per year. On volatility, BETZ has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETZ or QDTE?

Over the 1-year period, QDTE has performed better with a 25.08% return vs -16.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETZ or QDTE?

BETZ is cheaper with a 0.75% expense ratio, compared with 0.95% for QDTE.

Which ETF pays a higher dividend yield, BETZ or QDTE?

QDTE has the higher dividend yield at 46.41%, compared with 5.02% for BETZ.

What is the main difference between BETZ and QDTE?

BETZ is categorized as Consumer Discretionary Equities, while QDTE is Derivative Income. Their fees differ too: 0.75% for BETZ and 0.95% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.26 vs -0.83), 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.