IWMY vs. XDTE
Compare and contrast key facts about Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).
IWMY and XDTE 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. XDTE 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 XDTE.
Correlation
The correlation between IWMY and XDTE is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IWMY vs. XDTE - Performance Comparison
Key characteristics
IWMY:
0.02
XDTE:
0.40
IWMY:
0.13
XDTE:
0.61
IWMY:
1.02
XDTE:
1.09
IWMY:
0.02
XDTE:
0.35
IWMY:
0.08
XDTE:
1.36
IWMY:
4.92%
XDTE:
4.85%
IWMY:
16.78%
XDTE:
16.47%
IWMY:
-18.72%
XDTE:
-19.09%
IWMY:
-11.93%
XDTE:
-13.93%
Returns By Period
In the year-to-date period, IWMY achieves a -6.68% return, which is significantly higher than XDTE's -10.21% return.
IWMY
-6.68%
-5.89%
-7.98%
0.89%
N/A
N/A
XDTE
-10.21%
-8.58%
-9.16%
7.33%
N/A
N/A
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IWMY vs. XDTE - Expense Ratio Comparison
IWMY has a 0.99% expense ratio, which is higher than XDTE's 0.95% expense ratio.
Risk-Adjusted Performance
IWMY vs. XDTE — Risk-Adjusted Performance Rank
IWMY
XDTE
IWMY vs. XDTE - 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 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.
Dividends
IWMY vs. XDTE - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 112.71%, more than XDTE's 32.70% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 112.71% | 107.92% | 11.34% |
XDTE Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF | 32.70% | 20.35% | 0.00% |
Drawdowns
IWMY vs. XDTE - Drawdown Comparison
The maximum IWMY drawdown since its inception was -18.72%, roughly equal to the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for IWMY and XDTE. For additional features, visit the drawdowns tool.
Volatility
IWMY vs. XDTE - Volatility Comparison
The current volatility for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) is 10.40%, while Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) has a volatility of 11.03%. This indicates that IWMY experiences smaller price fluctuations and is considered to be less risky than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.