CLMVX vs. XDTE

Last updated Apr 2, 2026

Compare and contrast key facts about Columbia Mortgage Opportunities Fund (CLMVX) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).

CLMVX is managed by Columbia. It was launched on Apr 29, 2014. XDTE is an actively managed fund by Roundhill. It was launched on Mar 7, 2024.

Performance

CLMVX vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Mortgage Opportunities Fund (CLMVX) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

CLMVX vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CLMVX Columbia Mortgage Opportunities Fund	0.86%	11.95%	4.90%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	-2.43%	12.60%	16.39%

Returns By Period

In the year-to-date period, CLMVX achieves a 0.86% return, which is significantly higher than XDTE's -2.43% return.

CLMVX

• 1D: 0.35%
• 1M: -1.23%
• YTD: 0.86%
• 6M: 2.25%
• 1Y: 8.18%
• 3Y*: 7.56%
• 5Y*: 0.87%
• 10Y*: 4.51%

XDTE

• 1D: 1.03%
• 1M: -4.05%
• YTD: -2.43%
• 6M: 0.99%
• 1Y: 13.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLMVX vs. XDTE - Expense Ratio Comparison

CLMVX has a 0.70% expense ratio, which is lower than XDTE's 0.97% expense ratio.

XDTE

Roundhill S&P 500 0DTE Covered Call Strategy ETF

CLMVX

Columbia Mortgage Opportunities Fund

Return for Risk

CLMVX vs. XDTE — Risk / Return Rank

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

CLMVX

CLMVX Risk / Return Rank: 89
CLMVX Sharpe Ratio Rank: 87
CLMVX Sortino Ratio Rank: 90
CLMVX Omega Ratio Rank: 82
CLMVX Calmar Ratio Rank: 95
CLMVX Martin Ratio Rank: 92

XDTE

XDTE Risk / Return Rank: 45
XDTE Sharpe Ratio Rank: 48
XDTE Sortino Ratio Rank: 41
XDTE Omega Ratio Rank: 48
XDTE Calmar Ratio Rank: 41
XDTE Martin Ratio Rank: 46

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.

CLMVX vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Mortgage Opportunities Fund (CLMVX) 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.

	CLMVX	XDTE	Difference
Sharpe ratio Return per unit of total volatility	1.81	0.90	+0.90
Sortino ratio Return per unit of downside risk	2.69	1.21	+1.48
Omega ratio Gain probability vs. loss probability	1.34	1.19	+0.15
Calmar ratio Return relative to maximum drawdown	3.54	1.12	+2.42
Martin ratio Return relative to average drawdown	11.54	4.60	+6.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLMVX vs. XDTE - Sharpe Ratio Comparison

The current CLMVX Sharpe Ratio is 1.81, which is higher than the XDTE Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of CLMVX and XDTE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CLMVX	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	0.90	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.90	-0.12

Correlation

The correlation between CLMVX and XDTE is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CLMVX vs. XDTE - Dividend Comparison

CLMVX's dividend yield for the trailing twelve months is around 5.45%, less than XDTE's 38.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLMVX Columbia Mortgage Opportunities Fund	5.45%	5.63%	5.88%	6.64%	6.89%	4.43%	6.05%	4.36%	4.51%	7.85%	4.52%	4.86%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	38.73%	39.16%	20.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CLMVX vs. XDTE - Drawdown Comparison

The maximum CLMVX drawdown since its inception was -22.15%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for CLMVX and XDTE.

Drawdown Indicators

	CLMVX	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-22.15%	-19.09%	-3.06%
Max Drawdown (1Y) Largest decline over 1 year	-2.49%	-12.87%	+10.38%
Max Drawdown (5Y) Largest decline over 5 years	-22.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.15%	—	—
Current Drawdown Current decline from peak	-1.57%	-4.87%	+3.30%
Average Drawdown Average peak-to-trough decline	-4.00%	-2.44%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	3.14%	-2.37%

Volatility

CLMVX vs. XDTE - Volatility Comparison

The current volatility for Columbia Mortgage Opportunities Fund (CLMVX) is 1.66%, while Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) has a volatility of 4.77%. This indicates that CLMVX experiences smaller price fluctuations and is considered to be less risky than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLMVX	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	4.77%	-3.11%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	8.90%	-6.26%
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	15.42%	-10.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.71%	14.07%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.52%	14.07%	-8.55%