MODL vs. XDTE

Last updated Jun 24, 2026

MODL (Victoryshares Westend U.S. Sector ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - MODL is a Large Cap Blend Equities fund actively managed by Victory, while XDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, MODL returned 20.59% vs 22.04% for XDTE. Their correlation of 0.94 suggests significant overlap in exposure. MODL charges 0.46%/yr vs 0.97%/yr for XDTE.

Performance

MODL vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Westend U.S. Sector ETF (MODL) 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, MODL achieves a 5.53% return, which is significantly lower than XDTE's 6.79% return.

MODL

• 1D: -1.03%
• 1M: -0.90%
• YTD: 5.53%
• 6M: 4.79%
• 1Y: 20.59%
• 3Y*: 18.77%
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -1.35%
• 1M: -0.74%
• YTD: 6.79%
• 6M: 5.92%
• 1Y: 22.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MODL vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MODL Victoryshares Westend U.S. Sector ETF	5.53%	18.99%	16.22%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.79%	12.60%	17.12%

Correlation

The correlation between MODL and XDTE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.94

The correlation between MODL and XDTE has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

MODL vs. XDTE - Sectors Allocation Comparison

Sectors	MODL	XDTE
Technology	32.6%	39.0%
Financial Services	18.3%	11.1%
Communication Services	15.5%	10.6%
Healthcare	14.8%	8.3%
Consumer Cyclical	5.1%	9.9%
Utilities	4.3%	2.1%
Basic Materials	4.2%	1.7%
Industrials	4.1%	7.8%
Energy	0.0%	3.1%
Consumer Defensive	0.0%	4.5%
Real Estate	-	1.8%

Return for Risk

MODL vs. XDTE — Risk / Return Rank

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

MODL

MODL Risk / Return Rank: 55
MODL Sharpe Ratio Rank: 57
MODL Sortino Ratio Rank: 57
MODL Omega Ratio Rank: 55
MODL Calmar Ratio Rank: 48
MODL Martin Ratio Rank: 59

XDTE

XDTE Risk / Return Rank: 61
XDTE Sharpe Ratio Rank: 59
XDTE Sortino Ratio Rank: 55
XDTE Omega Ratio Rank: 59
XDTE Calmar Ratio Rank: 61
XDTE Martin Ratio Rank: 70

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.

MODL vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Westend U.S. Sector ETF (MODL) 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.

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.

	MODL	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.92	-0.14
Sortino ratio: Return per unit of downside risk	2.50	2.56	-0.06
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	2.19	2.88	-0.69
Martin ratio: Return relative to average drawdown	9.63	12.61	-2.98

MODL vs. XDTE - Sharpe Ratio Comparison

The current MODL Sharpe Ratio is 1.77, which is comparable to the XDTE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MODL and XDTE, 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

MODL vs. XDTE - Drawdown Comparison

The maximum MODL drawdown since its inception was -17.60%, smaller than the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for MODL and XDTE.

Drawdown Indicators

	MODL	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-19.09%	+1.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-7.68%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-17.60%	—	—
Current Drawdown Current decline from peak	-2.29%	-2.52%	+0.23%
Average Drawdown Average peak-to-trough decline	-2.03%	-2.31%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	1.75%	+0.39%

Volatility

MODL vs. XDTE - Volatility Comparison

Victoryshares Westend U.S. Sector ETF (MODL) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) have volatilities of 4.38% and 4.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MODL	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	4.52%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	9.12%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	11.58%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	13.97%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.64%	13.97%	+0.67%

MODL vs. XDTE - Expense Ratio Comparison

MODL has a 0.46% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

MODL vs. XDTE - Dividend Comparison

MODL's dividend yield for the trailing twelve months is around 0.73%, less than XDTE's 33.21% yield.

Position	TTM	2025	2024	2023	2022
MODL Victoryshares Westend U.S. Sector ETF	0.73%	0.67%	0.83%	1.02%	0.39%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.21%	39.16%	20.35%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MODL and XDTE in my portfolio?

With a correlation of 0.94, MODL and XDTE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MODL or XDTE?

XDTE has higher volatility (4.52%) compared to MODL (4.38%). In terms of maximum drawdown, MODL dropped -17.60% vs XDTE's -19.09%.

Which ETF is better, MODL or XDTE?

On 1-year performance, XDTE leads with 22.04% vs 20.59% for MODL. On fees, MODL is cheaper at 0.46% per year. On volatility, MODL has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MODL or XDTE?

Over the 1-year period, XDTE has performed better with a 22.04% return vs 20.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MODL or XDTE?

MODL is cheaper with a 0.46% expense ratio, compared with 0.97% for XDTE.

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

XDTE has the higher dividend yield at 33.21%, compared with 0.73% for MODL.

What is the main difference between MODL and XDTE?

MODL is categorized as Large Cap Blend Equities, while XDTE is Derivative Income. They also come from different issuers: Victory and Roundhill. Their fees differ too: 0.46% for MODL and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.92 vs 1.77), 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.