METW vs. QDTE

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill Meta Weeklypay ETF (METW) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).

METW and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METW is a passively managed fund by Roundhill that tracks the performance of the Ball Metaverse Index. It was launched on Jun 30, 2021. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.

Performance

METW vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

METW vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-15.94%	-8.20%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	-3.92%	19.30%

Returns By Period

In the year-to-date period, METW achieves a -15.94% return, which is significantly lower than QDTE's -3.92% return.

METW

• 1D: 1.15%
• 1M: -14.03%
• YTD: -15.94%
• 6M: -24.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 1.50%
• 1M: -4.27%
• YTD: -3.92%
• 6M: 0.35%
• 1Y: 21.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. QDTE - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is lower than QDTE's 0.95% expense ratio.

QDTE

Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF

METW

Roundhill Meta Weeklypay ETF

Return for Risk

METW vs. QDTE — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 58
QDTE Sharpe Ratio Rank: 60
QDTE Sortino Ratio Rank: 54
QDTE Omega Ratio Rank: 56
QDTE Calmar Ratio Rank: 59
QDTE Martin Ratio Rank: 59

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.

METW vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	METW	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.68	0.80	-1.47

Correlation

The correlation between METW and QDTE is 0.61, 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.

Dividends

METW vs. QDTE - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 50.14%, less than QDTE's 51.17% yield.

	TTM	2025	2024
METW Roundhill Meta Weeklypay ETF	50.14%	30.89%	0.00%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	51.17%	49.49%	32.09%

Drawdowns

METW vs. QDTE - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for METW and QDTE.

Drawdown Indicators

	METW	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-22.86%	-17.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.08%	—
Current Drawdown Current decline from peak	-33.30%	-6.92%	-26.38%
Average Drawdown Average peak-to-trough decline	-15.26%	-3.30%	-11.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.68%	—

Volatility

Volatility by Period

	METW	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	41.86%	19.37%	+22.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.86%	18.71%	+23.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.86%	18.71%	+23.15%