DISO vs. QDTE

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax DIS Option Income Strategy ETF (DISO) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).

DISO and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DISO is an actively managed fund by YieldMax. It was launched on Aug 24, 2023. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.

Performance

DISO vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax DIS Option Income Strategy ETF (DISO) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

DISO vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DISO YieldMax DIS Option Income Strategy ETF	-12.66%	2.12%	2.87%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	-3.92%	19.32%	16.07%

Returns By Period

In the year-to-date period, DISO achieves a -12.66% return, which is significantly lower than QDTE's -3.92% return.

DISO

• 1D: 0.19%
• 1M: -6.79%
• YTD: -12.66%
• 6M: -8.75%
• 1Y: -1.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 1.50%
• 1M: -4.27%
• YTD: -3.92%
• 6M: 0.35%
• 1Y: 21.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DISO vs. QDTE - Expense Ratio Comparison

DISO has a 1.01% expense ratio, which is higher than QDTE's 0.95% expense ratio.

DISO

YieldMax DIS Option Income Strategy ETF

QDTE

Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF

Return for Risk

DISO vs. QDTE — Risk / Return Rank

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

DISO

DISO Risk / Return Rank: 11
DISO Sharpe Ratio Rank: 11
DISO Sortino Ratio Rank: 11
DISO Omega Ratio Rank: 11
DISO Calmar Ratio Rank: 11
DISO Martin Ratio Rank: 11

QDTE

QDTE Risk / Return Rank: 58
QDTE Sharpe Ratio Rank: 60
QDTE Sortino Ratio Rank: 54
QDTE Omega Ratio Rank: 56
QDTE Calmar Ratio Rank: 59
QDTE Martin Ratio Rank: 59

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.

DISO vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax DIS Option Income Strategy ETF (DISO) and Roundhill ETF Trust - Roundhill N-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.

	DISO	QDTE	Difference
Sharpe ratio Return per unit of total volatility	-0.05	1.09	-1.14
Sortino ratio Return per unit of downside risk	0.10	1.46	-1.36
Omega ratio Gain probability vs. loss probability	1.02	1.22	-0.20
Calmar ratio Return relative to maximum drawdown	-0.06	1.56	-1.63
Martin ratio Return relative to average drawdown	-0.16	5.99	-6.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DISO vs. QDTE - Sharpe Ratio Comparison

The current DISO Sharpe Ratio is -0.05, which is lower than the QDTE Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of DISO and QDTE, 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

	DISO	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	1.09	-1.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.80	-0.60

Correlation

The correlation between DISO and QDTE is 0.35, 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

DISO vs. QDTE - Dividend Comparison

DISO's dividend yield for the trailing twelve months is around 45.52%, less than QDTE's 51.17% yield.

	TTM	2025	2024	2023
DISO YieldMax DIS Option Income Strategy ETF	45.52%	38.87%	37.33%	6.87%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	51.17%	49.49%	32.09%	0.00%

Drawdowns

DISO vs. QDTE - Drawdown Comparison

The maximum DISO drawdown since its inception was -26.62%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for DISO and QDTE.

Drawdown Indicators

	DISO	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-26.62%	-22.86%	-3.76%
Max Drawdown (1Y) Largest decline over 1 year	-18.08%	-14.08%	-4.00%
Current Drawdown Current decline from peak	-15.09%	-6.92%	-8.17%
Average Drawdown Average peak-to-trough decline	-7.44%	-3.30%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.16%	3.68%	+3.48%

Volatility

DISO vs. QDTE - Volatility Comparison

The current volatility for YieldMax DIS Option Income Strategy ETF (DISO) is 4.19%, while Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 5.86%. This indicates that DISO 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

	DISO	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	5.86%	-1.67%
Volatility (6M) Calculated over the trailing 6-month period	15.69%	12.11%	+3.58%
Volatility (1Y) Calculated over the trailing 1-year period	24.49%	19.37%	+5.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	18.71%	+2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.29%	18.71%	+2.58%