GPT.AX vs. XDTE

Last updated Jul 21, 2026

GPT.AX (The GPT Group) is a stock, while XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill. Over the past year, GPT.AX returned 2.32% vs 9.84% for XDTE. At a 0.10 correlation, their price movements are largely independent.

Performance

GPT.AX vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in The GPT Group (GPT.AX) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GPT.AX is traded in AUD, while XDTE is traded in USD. To make them comparable, the XDTE values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GPT.AX achieves a -5.78% return, which is significantly lower than XDTE's 2.94% return.

GPT.AX

• 1D: 0.30%
• 1M: 2.54%
• 6M: -8.16%
• YTD: -5.78%
• 1Y: 2.32%
• 3Y*: 10.06%
• 5Y*: 6.38%
• 10Y*: 3.75%
• ALL TIME*: -1.96%

XDTE

• 1D: -0.42%
• 1M: -0.24%
• 6M: 1.41%
• YTD: 2.94%
• 1Y: 9.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.40%

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

GPT.AX vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GPT.AX The GPT Group	-5.78%	29.90%	3.13%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	2.94%	4.43%	25.28%

Correlation

The correlation between GPT.AX and XDTE is 0.10, 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	0.10
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.10

Return for Risk

GPT.AX vs. XDTE — Risk / Return Rank

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

GPT.AX

GPT.AX Risk / Return Rank: 48
GPT.AX Sharpe Ratio Rank: 52
GPT.AX Sortino Ratio Rank: 43
GPT.AX Omega Ratio Rank: 43
GPT.AX Calmar Ratio Rank: 50
GPT.AX Martin Ratio Rank: 50

XDTE

XDTE Risk / Return Rank: 65
XDTE Sharpe Ratio Rank: 64
XDTE Sortino Ratio Rank: 60
XDTE Omega Ratio Rank: 63
XDTE Calmar Ratio Rank: 65
XDTE Martin Ratio Rank: 75

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.

GPT.AX vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The GPT Group (GPT.AX) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.

	GPT.AX	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.17	1.01	-0.85
Sortino ratio: Return per unit of downside risk	0.36	1.44	-1.07
Omega ratio: Gain probability vs. loss probability	1.04	1.19	-0.15
Calmar ratio: Return relative to maximum drawdown	0.16	1.04	-0.89
Martin ratio: Return relative to average drawdown	0.32	2.82	-2.50

GPT.AX vs. XDTE - Sharpe Ratio Comparison

The current GPT.AX Sharpe Ratio is 0.17, which is lower than the XDTE Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of GPT.AX and XDTE, 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

GPT.AX vs. XDTE - Drawdown Comparison

The maximum GPT.AX drawdown since its inception was -94.53%, which is greater than XDTE's maximum drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for GPT.AX and XDTE.

Drawdown Indicators

	GPT.AX	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-94.53%	-20.85%	-73.68%
Max Drawdown (1Y) Largest decline over 1 year	-20.86%	-9.48%	-11.38%
Max Drawdown (3Y) Largest decline over 3 years	-20.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.69%	—	—
Current Drawdown Current decline from peak	-42.82%	-2.28%	-40.54%
Average Drawdown Average peak-to-trough decline	-61.49%	-3.23%	-58.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.16%	3.49%	+6.67%

Volatility

GPT.AX vs. XDTE - Volatility Comparison

The GPT Group (GPT.AX) has a higher volatility of 5.51% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 2.36%. This indicates that GPT.AX's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPT.AX	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	2.36%	+3.15%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	7.67%	+7.15%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	9.77%	+9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.83%	13.04%	+9.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	13.04%	+12.42%

Dividends

GPT.AX vs. XDTE - Dividend Comparison

GPT.AX's dividend yield for the trailing twelve months is around 4.86%, less than XDTE's 32.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPT.AX The GPT Group	4.86%	4.43%	2.75%	5.39%	8.31%	4.89%	2.07%	4.73%	4.77%	4.81%	4.65%	2.30%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	32.92%	39.16%	20.35%	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 GPT.AX and XDTE in my portfolio?

GPT.AX and XDTE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.