EDF vs. QDTE

Last updated Jun 24, 2026

EDF (Virtus Stone Harbor Emerging Markets Income Fund) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both funds - EDF is a Emerging Markets Bonds fund actively managed by Virtus, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, EDF returned 28.33% vs 33.64% for QDTE. At a 0.26 correlation, their price movements are largely independent. EDF charges 1.45%/yr vs 0.97%/yr for QDTE.

Performance

EDF vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Stone Harbor Emerging Markets Income Fund (EDF) 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, EDF achieves a 19.48% return, which is significantly higher than QDTE's 12.61% return.

EDF

• 1D: -1.42%
• 1M: 6.26%
• YTD: 19.48%
• 6M: 22.69%
• 1Y: 28.33%
• 3Y*: 26.08%
• 5Y*: 5.52%
• 10Y*: 5.31%

QDTE

• 1D: -3.23%
• 1M: -0.17%
• YTD: 12.61%
• 6M: 11.52%
• 1Y: 33.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDF vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EDF Virtus Stone Harbor Emerging Markets Income Fund	19.48%	22.24%	4.39%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.61%	19.32%	17.13%

Correlation

The correlation between EDF and QDTE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.26

Return for Risk

EDF vs. QDTE — Risk / Return Rank

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

EDF

EDF Risk / Return Rank: 56
EDF Sharpe Ratio Rank: 50
EDF Sortino Ratio Rank: 53
EDF Omega Ratio Rank: 46
EDF Calmar Ratio Rank: 67
EDF Martin Ratio Rank: 62

QDTE

QDTE Risk / Return Rank: 64
QDTE Sharpe Ratio Rank: 64
QDTE Sortino Ratio Rank: 56
QDTE Omega Ratio Rank: 62
QDTE Calmar Ratio Rank: 68
QDTE Martin Ratio Rank: 71

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.

EDF vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Stone Harbor Emerging Markets Income Fund (EDF) 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.

	EDF	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.03	-0.12
Sortino ratio: Return per unit of downside risk	2.83	2.58	+0.24
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio: Return relative to maximum drawdown	3.02	3.31	-0.30
Martin ratio: Return relative to average drawdown	11.54	12.82	-1.28

EDF vs. QDTE - Sharpe Ratio Comparison

The current EDF Sharpe Ratio is 1.91, which is comparable to the QDTE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of EDF 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

EDF vs. QDTE - Drawdown Comparison

The maximum EDF drawdown since its inception was -64.23%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for EDF and QDTE.

Drawdown Indicators

	EDF	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-64.23%	-22.86%	-41.37%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-10.20%	+0.76%
Max Drawdown (3Y) Largest decline over 3 years	-24.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.23%	—	—
Current Drawdown Current decline from peak	-2.12%	-3.55%	+1.43%
Average Drawdown Average peak-to-trough decline	-21.41%	-3.13%	-18.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	2.63%	-0.17%

Volatility

EDF vs. QDTE - Volatility Comparison

The current volatility for Virtus Stone Harbor Emerging Markets Income Fund (EDF) is 4.96%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 8.57%. This indicates that EDF 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

	EDF	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	8.57%	-3.61%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	13.32%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	14.89%	16.68%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.71%	18.99%	+6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.70%	18.99%	+11.71%

EDF vs. QDTE - Expense Ratio Comparison

EDF has a 1.45% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

EDF vs. QDTE - Dividend Comparison

EDF's dividend yield for the trailing twelve months is around 13.00%, less than QDTE's 44.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDF Virtus Stone Harbor Emerging Markets Income Fund	13.00%	14.49%	15.32%	16.71%	17.31%	12.91%	16.46%	15.67%	19.37%	13.58%	14.75%	17.93%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.23%	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 EDF and QDTE in my portfolio?

EDF and QDTE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDF or QDTE?

QDTE has higher volatility (8.57%) compared to EDF (4.96%). In terms of maximum drawdown, EDF dropped -64.23% vs QDTE's -22.86%.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.03 vs 1.91), 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.