HOOW vs. QDTE

Last updated Jun 4, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. HOOW charges 0.99%/yr vs 0.97%/yr for QDTE.

Performance

HOOW vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -34.08% return, which is significantly lower than QDTE's 16.58% return.

HOOW

• 1D: -7.51%
• 1M: 8.18%
• YTD: -34.08%
• 6M: -46.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.16%
• 1M: 8.99%
• YTD: 16.58%
• 6M: 16.20%
• 1Y: 40.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOW vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	46.56%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.58%	19.30%

Correlation

The correlation between HOOW and QDTE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.59

HOOW vs. QDTE - Sectors Allocation Comparison

Sectors	HOOW	QDTE
Financial Services	3.3%	5.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HOOW vs. QDTE — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 78
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 76
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

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.

HOOW vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HOOW	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	1.30	-1.35

Drawdowns

HOOW vs. QDTE - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for HOOW and QDTE.

Drawdown Indicators

	HOOW	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-22.86%	-42.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.20%	—
Current Drawdown Current decline from peak	-55.23%	-0.16%	-55.07%
Average Drawdown Average peak-to-trough decline	-29.13%	-3.14%	-25.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.52%	—

Volatility

Volatility by Period

	HOOW	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.86%	14.81%	+69.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.86%	18.43%	+65.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.86%	18.43%	+65.43%

HOOW vs. QDTE - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

HOOW vs. QDTE - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 163.90%, more than QDTE's 42.16% yield.

Position	TTM	2025	2024
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	67.92%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	42.16%	49.49%	32.09%

Frequently Asked Questions

Can I hold both HOOW and QDTE in my portfolio?

HOOW and QDTE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOW or QDTE?

On fees, QDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOW or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for HOOW.

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

HOOW has the higher dividend yield at 163.90%, compared with 42.16% for QDTE.

What is the main difference between HOOW and QDTE?

HOOW is categorized as Leveraged Equities, while QDTE is Derivative Income. Their fees differ too: 0.99% for HOOW and 0.97% for QDTE.