MSTW vs. QDTE

Last updated Jun 4, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and QDTE (Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - MSTW is a Derivative Income fund actively managed by Roundhill, while QDTE is a Large Cap Blend Equities fund actively managed by Roundhill. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 0.95%/yr for QDTE.

Performance

MSTW vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) and Roundhill ETF Trust - Roundhill N-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, MSTW achieves a -23.56% return, which is significantly lower than QDTE's 16.58% return.

MSTW

• 1D: -8.54%
• 1M: -36.78%
• YTD: -23.56%
• 6M: -41.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.16%
• 1M: 8.99%
• YTD: 16.58%
• 6M: 16.20%
• 1Y: 40.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTW vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
MSTW Roundhill MSTR WeeklyPay ETF	-23.56%	-71.42%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	16.58%	11.48%

Correlation

The correlation between MSTW and QDTE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.49

Return for Risk

MSTW 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: 78
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 76
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

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.

MSTW vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) 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

	MSTW	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.94	1.30	-2.24

Drawdowns

MSTW vs. QDTE - Drawdown Comparison

The maximum MSTW drawdown since its inception was -81.85%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for MSTW and QDTE.

Drawdown Indicators

	MSTW	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-22.86%	-58.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.20%	—
Current Drawdown Current decline from peak	-78.15%	-0.16%	-77.99%
Average Drawdown Average peak-to-trough decline	-54.49%	-3.14%	-51.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.52%	—

Volatility

Volatility by Period

	MSTW	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	89.01%	14.81%	+74.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.01%	18.43%	+70.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.01%	18.43%	+70.58%

MSTW vs. QDTE - Expense Ratio Comparison

MSTW has a 0.99% expense ratio, which is higher than QDTE's 0.95% expense ratio.

Dividends

MSTW vs. QDTE - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 239.64%, more than QDTE's 42.16% yield.

Position	TTM	2025	2024
MSTW Roundhill MSTR WeeklyPay ETF	239.64%	106.94%	0.00%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	42.16%	49.49%	32.09%

Frequently Asked Questions

Can I hold both MSTW and QDTE in my portfolio?

MSTW and QDTE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTW or QDTE?

On fees, QDTE is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSTW or QDTE?

QDTE is cheaper with a 0.95% expense ratio, compared with 0.99% for MSTW.

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

MSTW has the higher dividend yield at 239.64%, compared with 42.16% for QDTE.

What is the main difference between MSTW and QDTE?

MSTW is categorized as Derivative Income, while QDTE is Large Cap Blend Equities. Their fees differ too: 0.99% for MSTW and 0.95% for QDTE.