IWMY vs. QDTE
Compare and contrast key facts about Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
IWMY and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWMY or QDTE.
Correlation
The correlation between IWMY and QDTE is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IWMY vs. QDTE - Performance Comparison
Key characteristics
IWMY:
0.26
QDTE:
0.57
IWMY:
0.40
QDTE:
0.86
IWMY:
1.05
QDTE:
1.11
IWMY:
0.44
QDTE:
0.86
IWMY:
1.10
QDTE:
2.61
IWMY:
3.26%
QDTE:
4.03%
IWMY:
14.09%
QDTE:
18.34%
IWMY:
-8.24%
QDTE:
-12.27%
IWMY:
-7.06%
QDTE:
-10.22%
Returns By Period
In the year-to-date period, IWMY achieves a -1.52% return, which is significantly higher than QDTE's -4.85% return.
IWMY
-1.52%
-0.78%
-3.28%
5.17%
N/A
N/A
QDTE
-4.85%
-2.69%
-0.28%
11.44%
N/A
N/A
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IWMY vs. QDTE - Expense Ratio Comparison
IWMY has a 0.99% expense ratio, which is higher than QDTE's 0.95% expense ratio.
Risk-Adjusted Performance
IWMY vs. QDTE — Risk-Adjusted Performance Rank
IWMY
QDTE
IWMY vs. QDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and Roundhill ETF Trust - Roundhill N-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.
Dividends
IWMY vs. QDTE - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 96.52%, more than QDTE's 44.47% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 96.52% | 107.92% | 11.34% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 43.53% | 32.10% | 0.00% |
Drawdowns
IWMY vs. QDTE - Drawdown Comparison
The maximum IWMY drawdown since its inception was -8.24%, smaller than the maximum QDTE drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for IWMY and QDTE. For additional features, visit the drawdowns tool.
Volatility
IWMY vs. QDTE - Volatility Comparison
The current volatility for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) is 4.48%, while Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 7.79%. This indicates that IWMY 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.