CRF vs. QDTE

Last updated Jun 13, 2026

CRF (Cornerstone Total Return Fund, Inc.) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both funds - CRF is a Large Cap Growth Equities fund managed by Cornerstone, while QDTE is a Derivative Income fund actively managed by Roundhill. Over the past year, CRF returned 12.90% vs 35.38% for QDTE. A 0.56 correlation means they provide meaningful diversification when combined. CRF charges 1.84%/yr vs 0.97%/yr for QDTE.

Performance

CRF vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cornerstone Total Return Fund, Inc. (CRF) 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, CRF achieves a -3.31% return, which is significantly lower than QDTE's 12.97% return.

CRF

• 1D: -0.28%
• 1M: -0.42%
• YTD: -3.31%
• 6M: -1.76%
• 1Y: 12.90%
• 3Y*: 15.78%
• 5Y*: 9.57%
• 10Y*: 11.48%

QDTE

• 1D: 0.79%
• 1M: 1.25%
• YTD: 12.97%
• 6M: 13.97%
• 1Y: 35.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRF vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CRF Cornerstone Total Return Fund, Inc.	-3.31%	12.46%	35.80%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.97%	19.32%	17.13%

Correlation

The correlation between CRF and QDTE is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.56

The correlation between CRF and QDTE has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.

Return for Risk

CRF vs. QDTE — Risk / Return Rank

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

CRF

CRF Risk / Return Rank: 13
CRF Sharpe Ratio Rank: 14
CRF Sortino Ratio Rank: 14
CRF Omega Ratio Rank: 15
CRF Calmar Ratio Rank: 12
CRF Martin Ratio Rank: 13

QDTE

QDTE Risk / Return Rank: 75
QDTE Sharpe Ratio Rank: 77
QDTE Sortino Ratio Rank: 69
QDTE Omega Ratio Rank: 74
QDTE Calmar Ratio Rank: 75
QDTE Martin Ratio Rank: 78

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.

CRF vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cornerstone Total Return Fund, Inc. (CRF) 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.

	CRF	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.75	2.12	-1.37
Sortino ratio: Return per unit of downside risk	1.14	2.69	-1.55
Omega ratio: Gain probability vs. loss probability	1.15	1.38	-0.22
Calmar ratio: Return relative to maximum drawdown	0.78	3.33	-2.55
Martin ratio: Return relative to average drawdown	2.59	12.94	-10.35

CRF vs. QDTE - Sharpe Ratio Comparison

The current CRF Sharpe Ratio is 0.75, which is lower than the QDTE Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of CRF 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

CRF vs. QDTE - Drawdown Comparison

The maximum CRF drawdown since its inception was -80.70%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for CRF and QDTE.

Drawdown Indicators

	CRF	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-80.70%	-22.86%	-57.84%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-10.20%	-4.68%
Max Drawdown (3Y) Largest decline over 3 years	-29.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.90%	—	—
Current Drawdown Current decline from peak	-5.09%	-3.24%	-1.85%
Average Drawdown Average peak-to-trough decline	-22.31%	-3.15%	-19.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	2.62%	+1.86%

Volatility

CRF vs. QDTE - Volatility Comparison

The current volatility for Cornerstone Total Return Fund, Inc. (CRF) is 4.16%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 7.09%. This indicates that CRF 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

	CRF	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	7.09%	-2.93%
Volatility (6M) Calculated over the trailing 6-month period	13.41%	12.66%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	15.99%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.07%	18.77%	+6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.86%	18.77%	+7.09%

CRF vs. QDTE - Expense Ratio Comparison

CRF has a 1.84% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

CRF vs. QDTE - Dividend Comparison

CRF's dividend yield for the trailing twelve months is around 19.63%, less than QDTE's 44.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRF Cornerstone Total Return Fund, Inc.	19.63%	17.38%	14.32%	19.94%	29.31%	13.41%	18.91%	21.67%	24.85%	17.96%	24.08%	23.58%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.17%	49.49%	32.09%	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 CRF and QDTE in my portfolio?

CRF and QDTE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRF or QDTE?

QDTE has higher volatility (7.09%) compared to CRF (4.16%). In terms of maximum drawdown, CRF dropped -80.70% vs QDTE's -22.86%.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.12 vs 0.75), 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.