BRKW vs. QDTE

Last updated Jun 26, 2026

BRKW (Roundhill BRKB WeeklyPay ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, BRKW returned -3.41% vs 32.12% for QDTE. At a correlation of -0.06, they often move in opposite directions. BRKW charges 0.99%/yr vs 0.97%/yr for QDTE.

Performance

BRKW vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BRKB WeeklyPay ETF (BRKW) 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, BRKW achieves a -5.09% return, which is significantly lower than QDTE's 13.50% return.

BRKW

• 1D: -1.72%
• 1M: 0.55%
• YTD: -5.09%
• 6M: -4.87%
• 1Y: -3.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 1.15%
• 1M: -1.10%
• YTD: 13.50%
• 6M: 12.07%
• 1Y: 32.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKW vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
BRKW Roundhill BRKB WeeklyPay ETF	-5.09%	1.85%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	13.50%	19.25%

Correlation

The correlation between BRKW and QDTE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.06

BRKW vs. QDTE - Sectors Allocation Comparison

Sectors	BRKW	QDTE
Financial Services	7.8%	5.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BRKW vs. QDTE — Risk / Return Rank

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

BRKW

BRKW Risk / Return Rank: 7
BRKW Sharpe Ratio Rank: 7
BRKW Sortino Ratio Rank: 7
BRKW Omega Ratio Rank: 7
BRKW Calmar Ratio Rank: 7
BRKW Martin Ratio Rank: 7

QDTE

QDTE Risk / Return Rank: 69
QDTE Sharpe Ratio Rank: 70
QDTE Sortino Ratio Rank: 61
QDTE Omega Ratio Rank: 68
QDTE Calmar Ratio Rank: 72
QDTE Martin Ratio Rank: 75

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.

BRKW vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BRKB WeeklyPay ETF (BRKW) 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.

	BRKW	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.94	-2.14
Sortino ratio: Return per unit of downside risk	-0.16	2.48	-2.64
Omega ratio: Gain probability vs. loss probability	0.98	1.35	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.27	3.16	-3.43
Martin ratio: Return relative to average drawdown	-0.54	12.16	-12.70

BRKW vs. QDTE - Sharpe Ratio Comparison

The current BRKW Sharpe Ratio is -0.20, which is lower than the QDTE Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of BRKW 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

BRKW vs. QDTE - Drawdown Comparison

The maximum BRKW drawdown since its inception was -12.64%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for BRKW and QDTE.

Drawdown Indicators

	BRKW	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-12.64%	-22.86%	+10.22%
Max Drawdown (1Y) Largest decline over 1 year	-12.64%	-10.20%	-2.44%
Current Drawdown Current decline from peak	-8.12%	-2.79%	-5.33%
Average Drawdown Average peak-to-trough decline	-5.47%	-3.13%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.27%	2.65%	+3.62%

Volatility

BRKW vs. QDTE - Volatility Comparison

The current volatility for Roundhill BRKB WeeklyPay ETF (BRKW) is 4.69%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 8.47%. This indicates that BRKW 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

	BRKW	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	8.47%	-3.78%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	13.30%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	17.21%	16.63%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	18.97%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	18.97%	-1.81%

BRKW vs. QDTE - Expense Ratio Comparison

BRKW has a 0.99% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

BRKW vs. QDTE - Dividend Comparison

BRKW's dividend yield for the trailing twelve months is around 25.75%, less than QDTE's 45.00% yield.

Position	TTM	2025	2024
BRKW Roundhill BRKB WeeklyPay ETF	25.75%	14.45%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	45.00%	49.49%	32.09%

Frequently Asked Questions

Can I hold both BRKW and QDTE in my portfolio?

BRKW and QDTE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKW or QDTE?

QDTE has higher volatility (8.47%) compared to BRKW (4.69%). In terms of maximum drawdown, BRKW dropped -12.64% vs QDTE's -22.86%.

Which ETF is better, BRKW or QDTE?

On 1-year performance, QDTE leads with 32.12% vs -3.41% for BRKW. On fees, QDTE is cheaper at 0.97% per year. On volatility, BRKW has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKW or QDTE?

Over the 1-year period, QDTE has performed better with a 32.12% return vs -3.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKW or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for BRKW.

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

QDTE has the higher dividend yield at 45.00%, compared with 25.75% for BRKW.

What is the main difference between BRKW and QDTE?

Their fees differ too: 0.99% for BRKW and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.94 vs -0.20), 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.