HQH vs. QDTE
HQH (Tekla Healthcare Investors) is a stock, while QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill. Over the past year, HQH returned 53.16% vs 33.64% for QDTE. At a 0.38 correlation, their price movements are largely independent.
Performance
HQH vs. QDTE - Performance Comparison
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Returns By Period
In the year-to-date period, HQH achieves a 15.08% return, which is significantly higher than QDTE's 12.61% return.
HQH
- 1D
- 1.29%
- 1M
- 5.19%
- YTD
- 15.08%
- 6M
- 13.64%
- 1Y
- 53.16%
- 3Y*
- 19.40%
- 5Y*
- 6.69%
- 10Y*
- 8.60%
QDTE
- 1D
- -3.23%
- 1M
- -0.17%
- YTD
- 12.61%
- 6M
- 11.52%
- 1Y
- 33.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HQH vs. QDTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HQH Tekla Healthcare Investors | 15.08% | 34.12% | 5.41% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 12.61% | 19.32% | 17.13% |
Correlation
The correlation between HQH and QDTE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.38 |
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Return for Risk
HQH vs. QDTE — Risk / Return Rank
HQH
QDTE
HQH vs. QDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tekla Healthcare Investors (HQH) 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.
| HQH | QDTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 3.31 | +0.79 |
| Martin ratioReturn relative to average drawdown | 14.32 | 12.82 | +1.50 |
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Drawdowns
HQH vs. QDTE - Drawdown Comparison
The maximum HQH drawdown since its inception was -62.36%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for HQH and QDTE.
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Drawdown Indicators
| HQH | QDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.36% | -22.86% | -39.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -10.20% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.55% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.55% | +3.55% |
Average DrawdownAverage peak-to-trough decline | -21.02% | -3.13% | -17.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.63% | +1.09% |
Volatility
HQH vs. QDTE - Volatility Comparison
The current volatility for Tekla Healthcare Investors (HQH) is 5.96%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 8.57%. This indicates that HQH 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.
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Volatility by Period
| HQH | QDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 8.57% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 13.32% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 16.68% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 18.99% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 18.99% | +2.52% |
Dividends
HQH vs. QDTE - Dividend Comparison
HQH's dividend yield for the trailing twelve months is around 11.33%, less than QDTE's 44.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQH Tekla Healthcare Investors | 11.33% | 11.56% | 14.21% | 9.66% | 9.50% | 8.59% | 7.97% | 8.24% | 10.75% | 8.78% | 9.80% | 11.97% |
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
HQH and QDTE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QDTE has higher volatility (8.57%) compared to HQH (5.96%). In terms of maximum drawdown, HQH dropped -62.36% vs QDTE's -22.86%.
HQH currently has the higher Sharpe Ratio (2.61 vs 2.03), 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.
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