METW vs. XDTE

Last updated Jun 4, 2026

METW (Roundhill Meta Weeklypay ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while XDTE is a Derivative Income fund actively managed by Roundhill. METW is passively managed, while XDTE is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. METW charges 0.59%/yr vs 0.97%/yr for XDTE.

Performance

METW vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METW achieves a -8.79% return, which is significantly lower than XDTE's 8.83% return.

METW

• 1D: 5.19%
• 1M: 2.24%
• YTD: -8.79%
• 6M: -5.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -0.66%
• 1M: 4.14%
• YTD: 8.83%
• 6M: 8.93%
• 1Y: 25.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METW vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-8.79%	-8.20%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.83%	14.81%

Correlation

The correlation between METW and XDTE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.55

METW vs. XDTE - Sectors Allocation Comparison

Sectors	METW	XDTE
Communication Services	23.2%	11.2%
Basic Materials	-	1.8%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.8%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%
Utilities	-	2.4%

Return for Risk

METW vs. XDTE — Risk / Return Rank

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

XDTE

XDTE Risk / Return Rank: 70
XDTE Sharpe Ratio Rank: 70
XDTE Sortino Ratio Rank: 67
XDTE Omega Ratio Rank: 70
XDTE Calmar Ratio Rank: 66
XDTE Martin Ratio Rank: 78

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. XDTE - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	METW	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	1.25	-1.65

Drawdowns

METW vs. XDTE - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for METW and XDTE.

Drawdown Indicators

	METW	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-19.09%	-21.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.68%	—
Current Drawdown Current decline from peak	-27.63%	-0.66%	-26.97%
Average Drawdown Average peak-to-trough decline	-17.31%	-2.32%	-14.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.68%	—

Volatility

Volatility by Period

	METW	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.57%	10.99%	+31.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.57%	13.85%	+28.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.57%	13.85%	+28.72%

METW vs. XDTE - Expense Ratio Comparison

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

Dividends

METW vs. XDTE - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 55.37%, more than XDTE's 33.00% yield.

Position	TTM	2025	2024
METW Roundhill Meta Weeklypay ETF	55.37%	30.89%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.00%	39.16%	20.35%

Frequently Asked Questions

Can I hold both METW and XDTE in my portfolio?

METW and XDTE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METW or XDTE?

On fees, METW is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METW or XDTE?

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

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

METW has the higher dividend yield at 55.37%, compared with 33.00% for XDTE.

What is the main difference between METW and XDTE?

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