HOOW vs. XDTE

Last updated Jun 24, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while XDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, HOOW returned 28.92% vs 22.04% for XDTE. A 0.59 correlation means they provide meaningful diversification when combined. HOOW charges 0.99%/yr vs 0.97%/yr for XDTE.

Performance

HOOW vs. XDTE - Performance Comparison

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

Returns By Period

In the year-to-date period, HOOW achieves a -14.70% return, which is significantly lower than XDTE's 6.79% return.

HOOW

• 1D: -2.94%
• 1M: 47.20%
• YTD: -14.70%
• 6M: -20.92%
• 1Y: 28.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -1.35%
• 1M: -0.74%
• YTD: 6.79%
• 6M: 5.92%
• 1Y: 22.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOW vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-14.70%	52.60%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.79%	14.95%

Correlation

The correlation between HOOW and XDTE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.59

The correlation between HOOW and XDTE has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.

HOOW vs. XDTE - Sectors Allocation Comparison

Sectors	HOOW	XDTE
Financial Services	3.5%	11.1%
Basic Materials	-	1.7%
Communication Services	-	10.6%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Technology	-	39.0%
Utilities	-	2.1%

Return for Risk

HOOW vs. XDTE — Risk / Return Rank

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

HOOW

HOOW Risk / Return Rank: 16
HOOW Sharpe Ratio Rank: 14
HOOW Sortino Ratio Rank: 20
HOOW Omega Ratio Rank: 19
HOOW Calmar Ratio Rank: 14
HOOW Martin Ratio Rank: 12

XDTE

XDTE Risk / Return Rank: 61
XDTE Sharpe Ratio Rank: 59
XDTE Sortino Ratio Rank: 55
XDTE Omega Ratio Rank: 59
XDTE Calmar Ratio Rank: 61
XDTE Martin Ratio Rank: 70

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. XDTE - Risk-Adjusted Trends Comparison

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

	HOOW	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.34	1.92	-1.57
Sortino ratio: Return per unit of downside risk	1.10	2.56	-1.46
Omega ratio: Gain probability vs. loss probability	1.13	1.35	-0.22
Calmar ratio: Return relative to maximum drawdown	0.44	2.88	-2.44
Martin ratio: Return relative to average drawdown	0.76	12.61	-11.85

HOOW vs. XDTE - Sharpe Ratio Comparison

The current HOOW Sharpe Ratio is 0.34, which is lower than the XDTE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of HOOW 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

HOOW vs. XDTE - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for HOOW and XDTE.

Drawdown Indicators

	HOOW	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-19.09%	-46.65%
Max Drawdown (1Y) Largest decline over 1 year	-65.74%	-7.68%	-58.06%
Current Drawdown Current decline from peak	-42.07%	-2.52%	-39.55%
Average Drawdown Average peak-to-trough decline	-29.96%	-2.31%	-27.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.05%	1.75%	+36.30%

Volatility

HOOW vs. XDTE - Volatility Comparison

Roundhill HOOD WeeklyPay ETF (HOOW) has a higher volatility of 28.68% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 4.52%. This indicates that HOOW'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

	HOOW	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.68%	4.52%	+24.16%
Volatility (6M) Calculated over the trailing 6-month period	62.22%	9.12%	+53.10%
Volatility (1Y) Calculated over the trailing 1-year period	84.38%	11.58%	+72.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.14%	13.97%	+70.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.14%	13.97%	+70.17%

HOOW vs. XDTE - Expense Ratio Comparison

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

Dividends

HOOW vs. XDTE - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 136.33%, more than XDTE's 33.21% yield.

Position	TTM	2025	2024
HOOW Roundhill HOOD WeeklyPay ETF	136.33%	67.92%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.21%	39.16%	20.35%

Frequently Asked Questions

Can I hold both HOOW and XDTE in my portfolio?

HOOW and XDTE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOW or XDTE?

HOOW has higher volatility (28.68%) compared to XDTE (4.52%). In terms of maximum drawdown, HOOW dropped -65.74% vs XDTE's -19.09%.

Which ETF is better, HOOW or XDTE?

On 1-year performance, HOOW leads with 28.92% vs 22.04% for XDTE. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOW or XDTE?

Over the 1-year period, HOOW has performed better with a 28.92% return vs 22.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOW or XDTE?

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

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

HOOW has the higher dividend yield at 136.33%, compared with 33.21% for XDTE.

What is the main difference between HOOW and XDTE?

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

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.92 vs 0.34), 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.