LFGY vs. QDTE

Last updated Jul 18, 2026

LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LFGY returned -13.47% vs 24.27% for QDTE. A 0.69 correlation means they provide meaningful diversification when combined. LFGY charges 1.02%/yr vs 0.97%/yr for QDTE.

Performance

LFGY vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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, LFGY achieves a 4.57% return, which is significantly lower than QDTE's 10.69% return.

LFGY

• 1D: -1.90%
• 1M: -10.57%
• 6M: -5.78%
• YTD: 4.57%
• 1Y: -13.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -1.52%
• 1M: -2.76%
• 6M: 9.42%
• YTD: 10.69%
• 1Y: 24.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFGY vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	4.57%	-9.35%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	10.69%	20.24%

Correlation

The correlation between LFGY and QDTE is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.69

The correlation between LFGY and QDTE has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

LFGY vs. QDTE - Sectors Allocation Comparison

Sectors	LFGY	QDTE
Financial Services	57.8%	5.3%
Technology	33.5%	-
Communication Services	5.4%	-
Consumer Cyclical	3.4%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

LFGY vs. QDTE — Risk / Return Rank

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

LFGY

LFGY Risk / Return Rank: 6
LFGY Sharpe Ratio Rank: 6
LFGY Sortino Ratio Rank: 7
LFGY Omega Ratio Rank: 7
LFGY Calmar Ratio Rank: 6
LFGY Martin Ratio Rank: 6

QDTE

QDTE Risk / Return Rank: 53
QDTE Sharpe Ratio Rank: 50
QDTE Sortino Ratio Rank: 44
QDTE Omega Ratio Rank: 48
QDTE Calmar Ratio Rank: 60
QDTE Martin Ratio Rank: 63

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.

LFGY vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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.

	LFGY	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	1.40	-1.74
Sortino ratio: Return per unit of downside risk	-0.24	1.87	-2.11
Omega ratio: Gain probability vs. loss probability	0.97	1.25	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.38	2.39	-2.77
Martin ratio: Return relative to average drawdown	-0.79	8.85	-9.63

LFGY vs. QDTE - Sharpe Ratio Comparison

The current LFGY Sharpe Ratio is -0.34, which is lower than the QDTE Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of LFGY 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.

Drawdowns

LFGY vs. QDTE - Drawdown Comparison

The maximum LFGY drawdown since its inception was -35.94%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for LFGY and QDTE.

Drawdown Indicators

	LFGY	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-35.94%	-22.86%	-13.08%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-10.20%	-25.74%
Current Drawdown Current decline from peak	-20.12%	-5.20%	-14.92%
Average Drawdown Average peak-to-trough decline	-14.05%	-3.12%	-10.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.17%	2.75%	+14.42%

Volatility

LFGY vs. QDTE - Volatility Comparison

YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 10.65% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 7.01%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFGY	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.65%	7.01%	+3.64%
Volatility (6M) Calculated over the trailing 6-month period	32.14%	14.25%	+17.89%
Volatility (1Y) Calculated over the trailing 1-year period	39.28%	17.42%	+21.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.20%	19.07%	+23.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.20%	19.07%	+23.13%

LFGY vs. QDTE - Expense Ratio Comparison

LFGY has a 1.02% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

LFGY vs. QDTE - Dividend Comparison

LFGY's dividend yield for the trailing twelve months is around 88.47%, more than QDTE's 46.13% yield.

Position	TTM	2025	2024
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	88.47%	94.90%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	46.13%	49.49%	32.09%

Frequently Asked Questions

Can I hold both LFGY and QDTE in my portfolio?

LFGY and QDTE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFGY or QDTE?

LFGY has higher volatility (10.65%) compared to QDTE (7.01%). In terms of maximum drawdown, LFGY dropped -35.94% vs QDTE's -22.86%.

Which ETF is better, LFGY or QDTE?

On 1-year performance, QDTE leads with 24.27% vs -13.47% for LFGY. On fees, QDTE is cheaper at 0.97% per year. On volatility, QDTE has been the lower-risk option at 7.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFGY or QDTE?

Over the 1-year period, QDTE has performed better with a 24.27% return vs -13.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFGY or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 1.02% for LFGY.

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

LFGY has the higher dividend yield at 88.47%, compared with 46.13% for QDTE.

What is the main difference between LFGY and QDTE?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.02% for LFGY and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.40 vs -0.34), 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.