CLMVX vs. XDTE

Last updated Aug 4, 2026

CLMVX (Columbia Mortgage Opportunities Fund) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both funds - CLMVX is a Nontraditional Bonds fund managed by Columbia, while XDTE is a Derivative Income fund actively managed by Roundhill. Over the past year, CLMVX returned 3.57% vs 21.36% for XDTE. Their 0.18 correlation means their historical movements had little consistent relationship. CLMVX charges 0.70%/yr vs 0.97%/yr for XDTE.

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.

Returns By Period

In the year-to-date period, CLMVX achieves a -0.15% return, which is significantly lower than XDTE's 10.21% return.

CLMVX

• 1D: -0.24%
• 1M: -1.10%
• 6M: -0.80%
• YTD: -0.15%
• 1Y: 3.57%
• 3Y*: 7.53%
• 5Y*: 0.78%
• 10Y*: 4.06%
• ALL TIME*: 3.91%

XDTE

• 1D: 1.00%
• 1M: 1.83%
• 6M: 7.46%
• YTD: 10.21%
• 1Y: 21.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.81%

*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)
CLMVX Columbia Mortgage Opportunities Fund	$0.00	$0.00	$0.00
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	$6.67M	$7.77M	$7.49M

CLMVX vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CLMVX Columbia Mortgage Opportunities Fund	-0.15%	11.95%	5.43%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	10.21%	12.60%	17.12%

Correlation

The correlation between CLMVX and XDTE is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.18

The correlation between CLMVX and XDTE shifts across timeframes, from 0.18 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CLMVX vs. XDTE — Risk / Return Rank

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

CLMVX

CLMVX Risk / Return Rank: 31
CLMVX Sharpe Ratio Rank: 32
CLMVX Sortino Ratio Rank: 32
CLMVX Omega Ratio Rank: 32
CLMVX Calmar Ratio Rank: 31
CLMVX Martin Ratio Rank: 25

XDTE

XDTE Risk / Return Rank: 78
XDTE Sharpe Ratio Rank: 78
XDTE Sortino Ratio Rank: 75
XDTE Omega Ratio Rank: 77
XDTE Calmar Ratio Rank: 77
XDTE Martin Ratio Rank: 84

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.

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.

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.

	CLMVX	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.81	-0.67
Sortino ratio: Return per unit of downside risk	1.66	2.44	-0.78
Omega ratio: Gain probability vs. loss probability	1.21	1.32	-0.11
Calmar ratio: Return relative to maximum drawdown	1.49	2.79	-1.30
Martin ratio: Return relative to average drawdown	3.84	11.85	-8.01

CLMVX vs. XDTE - Sharpe Ratio Comparison

The current CLMVX Sharpe Ratio is 1.14, which is lower than the XDTE Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of CLMVX 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

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	-3.20%	-7.68%	+4.48%
Max Drawdown (3Y) Largest decline over 3 years	-6.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.15%	—	—
Current Drawdown Current decline from peak	-2.55%	0.00%	-2.55%
Average Drawdown Average peak-to-trough decline	-3.95%	-2.25%	-1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	1.81%	-0.58%

Volatility

CLMVX vs. XDTE - Volatility Comparison

The current volatility for Columbia Mortgage Opportunities Fund (CLMVX) is 1.17%, while Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) has a volatility of 3.61%. 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	1.17%	3.61%	-2.44%
Volatility (6M) Calculated over the trailing 6-month period	3.25%	9.34%	-6.09%
Volatility (1Y) Calculated over the trailing 1-year period	4.18%	11.90%	-7.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.78%	13.86%	-7.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.57%	13.86%	-8.29%

CLMVX vs. XDTE - Expense Ratio Comparison

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

Dividends

CLMVX vs. XDTE - Dividend Comparison

CLMVX's dividend yield for the trailing twelve months is around 4.94%, less than XDTE's 31.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLMVX Columbia Mortgage Opportunities Fund	4.94%	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	31.73%	39.16%	20.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLMVX and XDTE in my portfolio?

CLMVX and XDTE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLMVX or XDTE?

XDTE has higher volatility (3.61%) compared to CLMVX (1.17%). In terms of maximum drawdown, CLMVX dropped -22.15% vs XDTE's -19.09%.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.81 vs 1.14), 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.