COIW vs. XDTE

Last updated Jun 5, 2026

COIW (COIN WeeklyPay™ ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, COIW returned -46.46% vs 25.78% for XDTE. A 0.61 correlation means they provide meaningful diversification when combined. COIW charges 0.99%/yr vs 0.97%/yr for XDTE.

Performance

COIW vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in COIN WeeklyPay™ ETF (COIW) 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, COIW achieves a -33.93% return, which is significantly lower than XDTE's 9.12% return.

COIW

• 1D: 0.92%
• 1M: -20.57%
• YTD: -33.93%
• 6M: -47.79%
• 1Y: -46.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: 0.27%
• 1M: 3.52%
• YTD: 9.12%
• 6M: 9.07%
• 1Y: 25.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIW vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
COIW COIN WeeklyPay™ ETF	-33.93%	-23.77%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	9.12%	7.94%

Correlation

The correlation between COIW and XDTE is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.61

The correlation between COIW and XDTE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.

COIW vs. XDTE - Sectors Allocation Comparison

Sectors	COIW	XDTE
Financial Services	6.0%	11.8%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%
Utilities	-	2.4%

Return for Risk

COIW vs. XDTE — Risk / Return Rank

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

COIW

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

XDTE

XDTE Risk / Return Rank: 73
XDTE Sharpe Ratio Rank: 73
XDTE Sortino Ratio Rank: 71
XDTE Omega Ratio Rank: 73
XDTE Calmar Ratio Rank: 69
XDTE Martin Ratio Rank: 79

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.

COIW vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) 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.

	COIW	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	2.36	-2.91
Sortino ratio: Return per unit of downside risk	-0.48	3.16	-3.64
Omega ratio: Gain probability vs. loss probability	0.95	1.43	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.63	3.37	-4.00
Martin ratio: Return relative to average drawdown	-0.99	15.42	-16.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COIW vs. XDTE - Sharpe Ratio Comparison

The current COIW Sharpe Ratio is -0.55, which is lower than the XDTE Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of COIW 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.

Sharpe Ratios by Period

	COIW	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	2.36	-2.91
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	1.26	-1.71

Drawdowns

COIW vs. XDTE - Drawdown Comparison

The maximum COIW drawdown since its inception was -74.55%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for COIW and XDTE.

Drawdown Indicators

	COIW	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-74.55%	-19.09%	-55.46%
Max Drawdown (1Y) Largest decline over 1 year	-74.55%	-7.68%	-66.87%
Current Drawdown Current decline from peak	-70.08%	-0.39%	-69.69%
Average Drawdown Average peak-to-trough decline	-37.82%	-2.31%	-35.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.91%	1.68%	+45.23%

Volatility

COIW vs. XDTE - Volatility Comparison

COIN WeeklyPay™ ETF (COIW) has a higher volatility of 22.47% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 2.43%. This indicates that COIW'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

	COIW	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.47%	2.43%	+20.04%
Volatility (6M) Calculated over the trailing 6-month period	61.92%	8.28%	+53.64%
Volatility (1Y) Calculated over the trailing 1-year period	84.69%	10.99%	+73.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.93%	13.84%	+77.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.93%	13.84%	+77.09%

COIW vs. XDTE - Expense Ratio Comparison

COIW has a 0.99% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

COIW vs. XDTE - Dividend Comparison

COIW's dividend yield for the trailing twelve months is around 224.62%, more than XDTE's 33.55% yield.

Position	TTM	2025	2024
COIW COIN WeeklyPay™ ETF	224.62%	120.37%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.55%	39.16%	20.35%

Frequently Asked Questions

Can I hold both COIW and XDTE in my portfolio?

COIW and XDTE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIW or XDTE?

COIW has higher volatility (22.47%) compared to XDTE (2.43%). In terms of maximum drawdown, COIW dropped -74.55% vs XDTE's -19.09%.

Which ETF is better, COIW or XDTE?

On 1-year performance, XDTE leads with 25.78% vs -46.46% for COIW. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIW or XDTE?

Over the 1-year period, XDTE has performed better with a 25.78% return vs -46.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIW or XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for COIW.

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

COIW has the higher dividend yield at 224.62%, compared with 33.55% for XDTE.

What is the main difference between COIW and XDTE?

Their fees differ too: 0.99% for COIW and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (2.36 vs -0.55), 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.