COYY vs. QDTE

Last updated Jun 5, 2026

COYY (GraniteShares YieldBOOST COIN ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. COYY charges 1.07%/yr vs 0.97%/yr for QDTE.

Performance

COYY vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST COIN ETF (COYY) 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, COYY achieves a -29.55% return, which is significantly lower than QDTE's 16.06% return.

COYY

• 1D: 0.15%
• 1M: -7.00%
• YTD: -29.55%
• 6M: -39.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.45%
• 1M: 7.12%
• YTD: 16.06%
• 6M: 15.73%
• 1Y: 39.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COYY vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
COYY GraniteShares YieldBOOST COIN ETF	-29.55%	-38.98%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.06%	10.81%

Correlation

The correlation between COYY and QDTE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.52

Return for Risk

COYY vs. QDTE — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 79
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 77
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

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.

COYY vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST COIN ETF (COYY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	COYY	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.74	1.29	-3.03

Drawdowns

COYY vs. QDTE - Drawdown Comparison

The maximum COYY drawdown since its inception was -58.58%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for COYY and QDTE.

Drawdown Indicators

	COYY	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-58.58%	-22.86%	-35.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.20%	—
Current Drawdown Current decline from peak	-58.52%	-0.60%	-57.92%
Average Drawdown Average peak-to-trough decline	-35.32%	-3.14%	-32.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.52%	—

Volatility

Volatility by Period

	COYY	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.31%	14.81%	+21.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.31%	18.42%	+17.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.31%	18.42%	+17.89%

COYY vs. QDTE - Expense Ratio Comparison

COYY has a 1.07% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

COYY vs. QDTE - Dividend Comparison

COYY's dividend yield for the trailing twelve months is around 385.89%, more than QDTE's 43.41% yield.

Position	TTM	2025	2024
COYY GraniteShares YieldBOOST COIN ETF	385.89%	132.14%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	43.41%	49.49%	32.09%

Frequently Asked Questions

Can I hold both COYY and QDTE in my portfolio?

COYY and QDTE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COYY or QDTE?

On fees, QDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COYY or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 1.07% for COYY.

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

COYY has the higher dividend yield at 385.89%, compared with 43.41% for QDTE.

What is the main difference between COYY and QDTE?

They also come from different issuers: GraniteShares and Roundhill. Their fees differ too: 1.07% for COYY and 0.97% for QDTE.