METW vs. QDTE

Last updated Jul 17, 2026

METW (Roundhill Meta Weeklypay ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while QDTE is a Derivative Income fund actively managed by Roundhill. METW is passively managed, while QDTE is actively managed. Over the past year, METW returned -11.12% vs 26.73% for QDTE. A 0.52 correlation means they provide meaningful diversification when combined. METW charges 0.59%/yr vs 0.97%/yr for QDTE.

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 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, METW achieves a -2.29% return, which is significantly lower than QDTE's 12.40% return.

METW

• 1D: -3.04%
• 1M: 12.30%
• 6M: 5.60%
• YTD: -2.29%
• 1Y: -11.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -1.63%
• 1M: -1.88%
• 6M: 11.11%
• YTD: 12.40%
• 1Y: 26.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-2.29%	-9.14%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.40%	19.25%

Correlation

The correlation between METW and QDTE is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.52

The correlation between METW and QDTE has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.

METW vs. QDTE - Sectors Allocation Comparison

Sectors	METW	QDTE
Communication Services	23.8%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	5.3%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

METW vs. QDTE — Risk / Return Rank

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

METW

METW Risk / Return Rank: 7
METW Sharpe Ratio Rank: 7
METW Sortino Ratio Rank: 8
METW Omega Ratio Rank: 8
METW Calmar Ratio Rank: 7
METW Martin Ratio Rank: 7

QDTE

QDTE Risk / Return Rank: 59
QDTE Sharpe Ratio Rank: 56
QDTE Sortino Ratio Rank: 51
QDTE Omega Ratio Rank: 54
QDTE Calmar Ratio Rank: 65
QDTE Martin Ratio Rank: 68

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 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.

	METW	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	1.55	-1.79
Sortino ratio: Return per unit of downside risk	-0.04	2.04	-2.08
Omega ratio: Gain probability vs. loss probability	0.99	1.27	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.28	2.63	-2.91
Martin ratio: Return relative to average drawdown	-0.50	9.81	-10.31

METW vs. QDTE - Sharpe Ratio Comparison

The current METW Sharpe Ratio is -0.24, which is lower than the QDTE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of METW 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

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	-40.52%	-10.20%	-30.32%
Current Drawdown Current decline from peak	-22.47%	-3.74%	-18.73%
Average Drawdown Average peak-to-trough decline	-18.77%	-3.12%	-15.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.42%	2.73%	+19.69%

Volatility

METW vs. QDTE - Volatility Comparison

Roundhill Meta Weeklypay ETF (METW) has a higher volatility of 18.87% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 7.02%. This indicates that METW'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

	METW	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.87%	7.02%	+11.85%
Volatility (6M) Calculated over the trailing 6-month period	37.21%	14.19%	+23.02%
Volatility (1Y) Calculated over the trailing 1-year period	46.05%	17.35%	+28.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.04%	19.06%	+25.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.04%	19.06%	+25.98%

METW vs. QDTE - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

METW vs. QDTE - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 53.86%, more than QDTE's 46.23% yield.

Position	TTM	2025	2024
METW Roundhill Meta Weeklypay ETF	53.86%	30.89%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	46.23%	49.49%	32.09%

Frequently Asked Questions

Can I hold both METW and QDTE in my portfolio?

METW and QDTE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METW or QDTE?

METW has higher volatility (18.87%) compared to QDTE (7.02%). In terms of maximum drawdown, METW dropped -40.52% vs QDTE's -22.86%.

Which ETF is better, METW or QDTE?

On 1-year performance, QDTE leads with 26.73% vs -11.12% for METW. On fees, METW is cheaper at 0.59% per year. On volatility, QDTE has been the lower-risk option at 7.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METW or QDTE?

Over the 1-year period, QDTE has performed better with a 26.73% return vs -11.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METW or QDTE?

METW is cheaper with a 0.59% expense ratio, compared with 0.97% for QDTE.

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

METW has the higher dividend yield at 53.86%, compared with 46.23% for QDTE.

What is the main difference between METW and QDTE?

METW is categorized as Technology Equities, while QDTE is Derivative Income. Their fees differ too: 0.59% for METW and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.55 vs -0.24), 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.