MSFW vs. XDTE

Last updated Aug 6, 2026

MSFW (Roundhill MSFT WeeklyPay™ ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, MSFW returned -12.04% vs 21.42% for XDTE. Their 0.39 correlation means their historical movements had little consistent relationship. MSFW charges 0.99%/yr vs 0.97%/yr for XDTE.

Performance

MSFW vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSFT WeeklyPay™ ETF (MSFW) 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, MSFW achieves a -0.98% return, which is significantly lower than XDTE's 11.29% return.

MSFW

• 1D: -0.82%
• 1M: 31.62%
• 6M: 19.77%
• YTD: -0.98%
• 1Y: -12.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -8.45%

XDTE

• 1D: 0.05%
• 1M: 2.01%
• 6M: 9.93%
• YTD: 11.29%
• 1Y: 21.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.24%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSFW Roundhill MSFT WeeklyPay™ ETF	$743.33K	$494.43K	$599.69K
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	$7.06M	$7.78M	$7.52M

MSFW vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
MSFW Roundhill MSFT WeeklyPay™ ETF	-0.98%	-7.80%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	11.29%	8.43%

Correlation

The correlation between MSFW and XDTE is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.39

MSFW vs. XDTE - Sectors Allocation Comparison

Sectors	MSFW	XDTE
Technology	22.3%	39.0%
Basic Materials	-	1.7%
Communication Services	-	10.6%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.5%
Energy	-	3.1%
Financial Services	-	11.1%
Healthcare	-	8.3%
Industrials	-	7.8%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

MSFW vs. XDTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSFW

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

XDTE

XDTE Risk / Return Rank: 71
XDTE Sharpe Ratio Rank: 69
XDTE Sortino Ratio Rank: 65
XDTE Omega Ratio Rank: 68
XDTE Calmar Ratio Rank: 71
XDTE Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSFW vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSFT WeeklyPay™ ETF (MSFW) 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.

	MSFW	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	1.82	-2.13
Sortino ratio: Return per unit of downside risk	-0.22	2.45	-2.67
Omega ratio: Gain probability vs. loss probability	0.97	1.33	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.29	2.80	-3.09
Martin ratio: Return relative to average drawdown	-0.51	11.88	-12.39

MSFW vs. XDTE - Sharpe Ratio Comparison

The current MSFW Sharpe Ratio is -0.31, which is lower than the XDTE Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of MSFW 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

MSFW vs. XDTE - Drawdown Comparison

The maximum MSFW drawdown since its inception was -41.85%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for MSFW and XDTE.

Drawdown Indicators

	MSFW	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-41.85%	-19.09%	-22.76%
Max Drawdown (1Y) Largest decline over 1 year	-41.85%	-7.68%	-34.17%
Current Drawdown Current decline from peak	-14.39%	0.00%	-14.39%
Average Drawdown Average peak-to-trough decline	-19.87%	-2.25%	-17.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.79%	1.81%	+21.98%

Volatility

MSFW vs. XDTE - Volatility Comparison

Roundhill MSFT WeeklyPay™ ETF (MSFW) has a higher volatility of 19.14% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.60%. This indicates that MSFW's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSFW	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.14%	3.60%	+15.54%
Volatility (6M) Calculated over the trailing 6-month period	31.92%	9.33%	+22.59%
Volatility (1Y) Calculated over the trailing 1-year period	38.55%	11.84%	+26.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.38%	13.85%	+24.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.38%	13.85%	+24.53%

MSFW vs. XDTE - Expense Ratio Comparison

MSFW has a 0.99% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

MSFW vs. XDTE - Dividend Comparison

MSFW's dividend yield for the trailing twelve months is around 39.66%, more than XDTE's 31.42% yield.

Position	TTM	2025	2024
MSFW Roundhill MSFT WeeklyPay™ ETF	39.66%	20.25%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	31.42%	39.16%	20.35%

Frequently Asked Questions

Can I hold both MSFW and XDTE in my portfolio?

MSFW and XDTE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFW or XDTE?

MSFW has higher volatility (19.14%) compared to XDTE (3.60%). In terms of maximum drawdown, MSFW dropped -41.85% vs XDTE's -19.09%.

Which ETF is better, MSFW or XDTE?

On 1-year performance, XDTE leads with 21.42% vs -12.04% for MSFW. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFW or XDTE?

Over the 1-year period, XDTE has performed better with a 21.42% return vs -12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFW or XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for MSFW.

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

MSFW has the higher dividend yield at 39.66%, compared with 31.42% for XDTE.

What is the main difference between MSFW and XDTE?

Their fees differ too: 0.99% for MSFW and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.82 vs -0.31), 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.