IDEC vs. QDTE

Last updated Jun 6, 2026

IDEC (Innovator International Developed Power Buffer ETF - December) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - IDEC is a Options Trading fund actively managed by Innovator, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, IDEC returned 13.46% vs 33.31% for QDTE. A 0.60 correlation means they provide meaningful diversification when combined. IDEC charges 0.85%/yr vs 0.97%/yr for QDTE.

Performance

IDEC vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - December (IDEC) 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, IDEC achieves a 4.16% return, which is significantly lower than QDTE's 10.39% return.

IDEC

• 1D: -1.58%
• 1M: -1.26%
• YTD: 4.16%
• 6M: 5.44%
• 1Y: 13.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -4.88%
• 1M: 0.29%
• YTD: 10.39%
• 6M: 9.51%
• 1Y: 33.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IDEC vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IDEC Innovator International Developed Power Buffer ETF - December	4.16%	21.78%	-0.73%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	10.39%	19.32%	16.07%

Correlation

The correlation between IDEC and QDTE is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.60

The correlation between IDEC and QDTE has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

IDEC vs. QDTE - Sectors Allocation Comparison

Sectors	IDEC	QDTE
Financial Services	24.7%	5.4%
Industrials	19.8%	-
Healthcare	10.6%	-
Technology	10.3%	-
Consumer Cyclical	7.7%	-
Consumer Defensive	6.7%	-
Basic Materials	5.9%	-
Communication Services	4.5%	-
Energy	4.0%	-
Utilities	4.0%	-
Real Estate	1.9%	-

Return for Risk

IDEC vs. QDTE — Risk / Return Rank

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

IDEC

IDEC Risk / Return Rank: 49
IDEC Sharpe Ratio Rank: 49
IDEC Sortino Ratio Rank: 49
IDEC Omega Ratio Rank: 52
IDEC Calmar Ratio Rank: 43
IDEC Martin Ratio Rank: 51

QDTE

QDTE Risk / Return Rank: 65
QDTE Sharpe Ratio Rank: 66
QDTE Sortino Ratio Rank: 58
QDTE Omega Ratio Rank: 65
QDTE Calmar Ratio Rank: 67
QDTE Martin Ratio Rank: 72

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.

IDEC vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - December (IDEC) 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.

	IDEC	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.14	-0.60
Sortino ratio: Return per unit of downside risk	2.24	2.69	-0.45
Omega ratio: Gain probability vs. loss probability	1.30	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	1.97	3.28	-1.31
Martin ratio: Return relative to average drawdown	8.03	13.15	-5.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDEC vs. QDTE - Sharpe Ratio Comparison

The current IDEC Sharpe Ratio is 1.55, which is comparable to the QDTE Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of IDEC and QDTE, 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

	IDEC	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.14	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	1.12	+0.15

Drawdowns

IDEC vs. QDTE - Drawdown Comparison

The maximum IDEC drawdown since its inception was -8.51%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for IDEC and QDTE.

Drawdown Indicators

	IDEC	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-8.51%	-22.86%	+14.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.87%	-10.20%	+3.33%
Current Drawdown Current decline from peak	-1.61%	-5.46%	+3.85%
Average Drawdown Average peak-to-trough decline	-1.54%	-3.14%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.54%	-0.86%

Volatility

IDEC vs. QDTE - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF - December (IDEC) is 2.67%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 6.32%. This indicates that IDEC 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.

Volatility by Period

	IDEC	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	6.32%	-3.65%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	12.14%	-4.54%
Volatility (1Y) Calculated over the trailing 1-year period	8.74%	15.63%	-6.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.68%	18.70%	-9.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.68%	18.70%	-9.02%

IDEC vs. QDTE - Expense Ratio Comparison

IDEC has a 0.85% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

IDEC vs. QDTE - Dividend Comparison

IDEC has not paid dividends to shareholders, while QDTE's dividend yield for the trailing twelve months is around 44.96%.

Position	TTM	2025	2024
IDEC Innovator International Developed Power Buffer ETF - December	0.00%	0.00%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.96%	49.49%	32.09%

Frequently Asked Questions

Can I hold both IDEC and QDTE in my portfolio?

IDEC and QDTE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDEC or QDTE?

QDTE has higher volatility (6.32%) compared to IDEC (2.67%). In terms of maximum drawdown, IDEC dropped -8.51% vs QDTE's -22.86%.

Which ETF is better, IDEC or QDTE?

On 1-year performance, QDTE leads with 33.31% vs 13.46% for IDEC. On fees, IDEC is cheaper at 0.85% per year. On volatility, IDEC has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDEC or QDTE?

Over the 1-year period, QDTE has performed better with a 33.31% return vs 13.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDEC or QDTE?

IDEC is cheaper with a 0.85% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 44.96%, compared with 0.00% for IDEC.

What is the main difference between IDEC and QDTE?

IDEC is categorized as Options Trading, while QDTE is Derivative Income. They also come from different issuers: Innovator and Roundhill. Their fees differ too: 0.85% for IDEC and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.14 vs 1.55), 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.