DJUN vs. QDTE
DJUN (FT Cboe Vest U.S. Equity Deep Buffer ETF - June) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - DJUN is a Large Cap Blend Equities fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while QDTE is a Derivative Income fund actively managed by Roundhill. DJUN is passively managed, while QDTE is actively managed. Over the past year, DJUN returned 10.96% vs 39.17% for QDTE. Their correlation of 0.84 suggests significant overlap in exposure. DJUN charges 0.85%/yr vs 0.97%/yr for QDTE.
Performance
DJUN vs. QDTE - Performance Comparison
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Returns By Period
In the year-to-date period, DJUN achieves a 3.79% return, which is significantly lower than QDTE's 16.06% return.
DJUN
- 1D
- 0.01%
- 1M
- 0.71%
- YTD
- 3.79%
- 6M
- 4.47%
- 1Y
- 10.96%
- 3Y*
- 11.39%
- 5Y*
- 8.20%
- 10Y*
- —
QDTE
- 1D
- -0.45%
- 1M
- 7.12%
- YTD
- 16.06%
- 6M
- 15.73%
- 1Y
- 39.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DJUN vs. QDTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June | 3.79% | 9.38% | 9.27% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 16.06% | 19.32% | 16.07% |
Correlation
The correlation between DJUN and QDTE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | 0.84 |
The correlation between DJUN and QDTE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
DJUN vs. QDTE — Risk / Return Rank
DJUN
QDTE
DJUN vs. QDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) 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.
| DJUN | QDTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.46 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.86 | -0.34 |
| Martin ratioReturn relative to average drawdown | 20.79 | 15.60 | +5.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DJUN | QDTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.66 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 1.29 | -0.25 |
Drawdowns
DJUN vs. QDTE - Drawdown Comparison
The maximum DJUN drawdown since its inception was -11.96%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for DJUN and QDTE.
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Drawdown Indicators
| DJUN | QDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.96% | -22.86% | +10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.15% | -10.20% | +7.05% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.96% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.60% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -3.14% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 2.52% | -1.99% |
Volatility
DJUN vs. QDTE - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - June (DJUN) is 0.20%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 3.72%. This indicates that DJUN 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.
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Volatility by Period
| DJUN | QDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 3.72% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 11.01% | -7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.98% | 14.81% | -9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.52% | 18.42% | -9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.06% | 18.42% | -10.36% |
DJUN vs. QDTE - Expense Ratio Comparison
DJUN has a 0.85% expense ratio, which is lower than QDTE's 0.97% expense ratio.
Dividends
DJUN vs. QDTE - Dividend Comparison
DJUN has not paid dividends to shareholders, while QDTE's dividend yield for the trailing twelve months is around 43.41%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DJUN FT Cboe Vest U.S. Equity Deep Buffer ETF - June | 0.00% | 0.00% | 0.00% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 43.41% | 49.49% | 32.09% |
Frequently Asked Questions
DJUN and QDTE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QDTE has higher volatility (3.72%) compared to DJUN (0.20%). In terms of maximum drawdown, DJUN dropped -11.96% vs QDTE's -22.86%.
On 1-year performance, QDTE leads with 39.17% vs 10.96% for DJUN. On fees, DJUN is cheaper at 0.85% per year. On volatility, DJUN has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QDTE has performed better with a 39.17% return vs 10.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DJUN is cheaper with a 0.85% expense ratio, compared with 0.97% for QDTE.
QDTE has the higher dividend yield at 43.41%, compared with 0.00% for DJUN.
DJUN is categorized as Large Cap Blend Equities, while QDTE is Derivative Income. They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.85% for DJUN and 0.97% for QDTE.
QDTE currently has the higher Sharpe Ratio (2.66 vs 2.23), 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.
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