FPWR vs. QDTE

Last updated Jul 17, 2026

FPWR (First Trust EIP Power Solutions ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - FPWR is a Utilities Equities fund actively managed by First Trust, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, FPWR returned 19.74% vs 26.73% for QDTE. At a 0.13 correlation, their price movements are largely independent. FPWR charges 0.96%/yr vs 0.97%/yr for QDTE.

Performance

FPWR vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust EIP Power Solutions ETF (FPWR) 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, FPWR achieves a 14.69% return, which is significantly higher than QDTE's 12.40% return.

FPWR

• 1D: 0.54%
• 1M: 1.39%
• 6M: 11.23%
• YTD: 14.69%
• 1Y: 19.74%
• 3Y*: 17.16%
• 5Y*: 12.14%
• 10Y*: —

QDTE

• 1D: -1.63%
• 1M: -1.88%
• 6M: 11.11%
• YTD: 12.40%
• 1Y: 26.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FPWR vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FPWR First Trust EIP Power Solutions ETF	14.69%	16.78%	24.75%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.40%	19.32%	17.13%

Correlation

The correlation between FPWR and QDTE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.13

The correlation between FPWR and QDTE shifts across timeframes, from 0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

FPWR vs. QDTE - Sectors Allocation Comparison

Sectors	FPWR	QDTE
Utilities	51.7%	-
Energy	30.0%	-
Industrials	6.7%	-
Financial Services	1.7%	5.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

FPWR vs. QDTE — Risk / Return Rank

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

FPWR

FPWR Risk / Return Rank: 74
FPWR Sharpe Ratio Rank: 72
FPWR Sortino Ratio Rank: 74
FPWR Omega Ratio Rank: 66
FPWR Calmar Ratio Rank: 87
FPWR Martin Ratio Rank: 69

QDTE

QDTE Risk / Return Rank: 59
QDTE Sharpe Ratio Rank: 56
QDTE Sortino Ratio Rank: 51
QDTE Omega Ratio Rank: 54
QDTE Calmar Ratio Rank: 65
QDTE Martin Ratio Rank: 68

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.

FPWR vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Power Solutions ETF (FPWR) 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.

	FPWR	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.55	+0.30
Sortino ratio: Return per unit of downside risk	2.68	2.04	+0.64
Omega ratio: Gain probability vs. loss probability	1.32	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	3.95	2.63	+1.32
Martin ratio: Return relative to average drawdown	9.76	9.81	-0.05

FPWR vs. QDTE - Sharpe Ratio Comparison

The current FPWR Sharpe Ratio is 1.84, which is comparable to the QDTE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FPWR 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

FPWR vs. QDTE - Drawdown Comparison

The maximum FPWR drawdown since its inception was -32.28%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for FPWR and QDTE.

Drawdown Indicators

	FPWR	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-22.86%	-9.42%
Max Drawdown (1Y) Largest decline over 1 year	-5.02%	-10.20%	+5.18%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.88%	—	—
Current Drawdown Current decline from peak	-1.47%	-3.74%	+2.27%
Average Drawdown Average peak-to-trough decline	-4.95%	-3.12%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.73%	-0.70%

Volatility

FPWR vs. QDTE - Volatility Comparison

The current volatility for First Trust EIP Power Solutions ETF (FPWR) is 3.72%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 7.02%. This indicates that FPWR 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

	FPWR	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	7.02%	-3.30%
Volatility (6M) Calculated over the trailing 6-month period	8.48%	14.19%	-5.71%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	17.35%	-6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	19.06%	-4.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.32%	19.06%	-1.74%

FPWR vs. QDTE - Expense Ratio Comparison

FPWR has a 0.96% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

FPWR vs. QDTE - Dividend Comparison

FPWR's dividend yield for the trailing twelve months is around 1.90%, less than QDTE's 46.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FPWR First Trust EIP Power Solutions ETF	1.90%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	46.23%	49.49%	32.09%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FPWR and QDTE in my portfolio?

FPWR and QDTE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FPWR or QDTE?

QDTE has higher volatility (7.02%) compared to FPWR (3.72%). In terms of maximum drawdown, FPWR dropped -32.28% vs QDTE's -22.86%.

Which ETF is better, FPWR or QDTE?

On 1-year performance, QDTE leads with 26.73% vs 19.74% for FPWR. On fees, FPWR is cheaper at 0.96% per year. On volatility, FPWR has been the lower-risk option at 3.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FPWR or QDTE?

Over the 1-year period, QDTE has performed better with a 26.73% return vs 19.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FPWR or QDTE?

FPWR is cheaper with a 0.96% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 46.23%, compared with 1.90% for FPWR.

What is the main difference between FPWR and QDTE?

FPWR is categorized as Utilities Equities, while QDTE is Derivative Income. They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.96% for FPWR and 0.97% for QDTE.

Which has better risk-adjusted returns?

FPWR currently has the higher Sharpe Ratio (1.84 vs 1.55), 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.