HYTI vs. RDTE

Last updated Jun 7, 2026

HYTI (FT Vest High Yield & Target Income ETF) and RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HYTI returned 6.41% vs 23.16% for RDTE. A 0.55 correlation means they provide meaningful diversification when combined. HYTI charges 0.65%/yr vs 0.95%/yr for RDTE.

Performance

HYTI vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest High Yield & Target Income ETF (HYTI) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYTI achieves a 1.24% return, which is significantly lower than RDTE's 9.93% return.

HYTI

• 1D: -0.65%
• 1M: -0.42%
• YTD: 1.24%
• 6M: 1.77%
• 1Y: 6.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: -3.48%
• 1M: -2.55%
• YTD: 9.93%
• 6M: 8.91%
• 1Y: 23.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYTI vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
HYTI FT Vest High Yield & Target Income ETF	1.24%	7.01%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	9.93%	6.05%

Correlation

The correlation between HYTI and RDTE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.55

The correlation between HYTI and RDTE has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.

Return for Risk

HYTI vs. RDTE — Risk / Return Rank

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

HYTI

HYTI Risk / Return Rank: 57
HYTI Sharpe Ratio Rank: 52
HYTI Sortino Ratio Rank: 55
HYTI Omega Ratio Rank: 55
HYTI Calmar Ratio Rank: 57
HYTI Martin Ratio Rank: 66

RDTE

RDTE Risk / Return Rank: 48
RDTE Sharpe Ratio Rank: 44
RDTE Sortino Ratio Rank: 42
RDTE Omega Ratio Rank: 40
RDTE Calmar Ratio Rank: 57
RDTE Martin Ratio Rank: 56

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.

HYTI vs. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest High Yield & Target Income ETF (HYTI) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). 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.

	HYTI	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.48	+0.17
Sortino ratio: Return per unit of downside risk	2.46	2.04	+0.42
Omega ratio: Gain probability vs. loss probability	1.31	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	2.68	2.76	-0.08
Martin ratio: Return relative to average drawdown	11.33	9.55	+1.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYTI vs. RDTE - Sharpe Ratio Comparison

The current HYTI Sharpe Ratio is 1.65, which is comparable to the RDTE Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of HYTI and RDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYTI	RDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	1.48	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.88	+0.34

Drawdowns

HYTI vs. RDTE - Drawdown Comparison

The maximum HYTI drawdown since its inception was -4.47%, smaller than the maximum RDTE drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for HYTI and RDTE.

Drawdown Indicators

	HYTI	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-4.47%	-24.32%	+19.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-9.17%	+6.79%
Current Drawdown Current decline from peak	-0.65%	-3.52%	+2.87%
Average Drawdown Average peak-to-trough decline	-0.46%	-4.65%	+4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	2.64%	-2.08%

Volatility

HYTI vs. RDTE - Volatility Comparison

The current volatility for FT Vest High Yield & Target Income ETF (HYTI) is 1.27%, while Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) has a volatility of 5.89%. This indicates that HYTI experiences smaller price fluctuations and is considered to be less risky than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYTI	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	5.89%	-4.62%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	12.84%	-9.75%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	17.11%	-13.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.23%	19.33%	-14.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	19.33%	-14.10%

HYTI vs. RDTE - Expense Ratio Comparison

HYTI has a 0.65% expense ratio, which is lower than RDTE's 0.95% expense ratio.

Dividends

HYTI vs. RDTE - Dividend Comparison

HYTI's dividend yield for the trailing twelve months is around 10.46%, less than RDTE's 46.59% yield.

Position	TTM	2025	2024
HYTI FT Vest High Yield & Target Income ETF	10.46%	8.10%	0.00%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	46.59%	50.16%	10.70%

Frequently Asked Questions

Can I hold both HYTI and RDTE in my portfolio?

HYTI and RDTE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYTI or RDTE?

RDTE has higher volatility (5.89%) compared to HYTI (1.27%). In terms of maximum drawdown, HYTI dropped -4.47% vs RDTE's -24.32%.

Which ETF is better, HYTI or RDTE?

On 1-year performance, RDTE leads with 23.16% vs 6.41% for HYTI. On fees, HYTI is cheaper at 0.65% per year. On volatility, HYTI has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYTI or RDTE?

Over the 1-year period, RDTE has performed better with a 23.16% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYTI or RDTE?

HYTI is cheaper with a 0.65% expense ratio, compared with 0.95% for RDTE.

Which ETF pays a higher dividend yield, HYTI or RDTE?

RDTE has the higher dividend yield at 46.59%, compared with 10.46% for HYTI.

What is the main difference between HYTI and RDTE?

They also come from different issuers: FT Vest and Roundhill. Their fees differ too: 0.65% for HYTI and 0.95% for RDTE.

Which has better risk-adjusted returns?

HYTI currently has the higher Sharpe Ratio (1.65 vs 1.48), 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.