LMT vs. QDTE
LMT (Lockheed Martin Corporation) is a stock, while QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill. Over the past year, LMT returned 11.86% vs 26.73% for QDTE. At a correlation of -0.09, they often move in opposite directions.
Performance
LMT vs. QDTE - Performance Comparison
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Returns By Period
In the year-to-date period, LMT achieves a 7.43% return, which is significantly lower than QDTE's 12.40% return.
LMT
- 1D
- -0.18%
- 1M
- -4.19%
- 6M
- -10.09%
- YTD
- 7.43%
- 1Y
- 11.86%
- 3Y*
- 5.80%
- 5Y*
- 9.27%
- 10Y*
- 10.07%
QDTE
- 1D
- -1.63%
- 1M
- -1.88%
- 6M
- 11.11%
- YTD
- 12.40%
- 1Y
- 26.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LMT vs. QDTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LMT Lockheed Martin Corporation | 7.43% | 2.47% | 14.20% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 12.40% | 19.32% | 17.13% |
Correlation
The correlation between LMT and QDTE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.09 |
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Return for Risk
LMT vs. QDTE — Risk / Return Rank
LMT
QDTE
LMT vs. QDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lockheed Martin Corporation (LMT) 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.
| LMT | QDTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 2.63 | -2.19 |
| Martin ratioReturn relative to average drawdown | 0.96 | 9.81 | -8.85 |
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Drawdowns
LMT vs. QDTE - Drawdown Comparison
The maximum LMT drawdown since its inception was -79.29%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for LMT and QDTE.
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Drawdown Indicators
| LMT | QDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.29% | -22.86% | -56.43% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -10.20% | -16.67% |
Max Drawdown (3Y)Largest decline over 3 years | -31.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.67% | — | — |
Current DrawdownCurrent decline from peak | -23.62% | -3.74% | -19.88% |
Average DrawdownAverage peak-to-trough decline | -26.82% | -3.12% | -23.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 2.73% | +9.70% |
Volatility
LMT vs. QDTE - Volatility Comparison
Lockheed Martin Corporation (LMT) has a higher volatility of 9.54% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 7.02%. This indicates that LMT'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.
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Volatility by Period
| LMT | QDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 7.02% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 19.76% | 14.19% | +5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.21% | 17.35% | +9.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.32% | 19.06% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.94% | 19.06% | +4.88% |
Dividends
LMT vs. QDTE - Dividend Comparison
LMT's dividend yield for the trailing twelve months is around 2.66%, less than QDTE's 46.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 2.66% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 46.23% | 49.49% | 32.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LMT and QDTE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (9.54%) compared to QDTE (7.02%). In terms of maximum drawdown, LMT dropped -79.29% vs QDTE's -22.86%.
QDTE currently has the higher Sharpe Ratio (1.55 vs 0.44), 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.
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