MSTW vs. XDTE
MSTW (Roundhill MSTR WeeklyPay ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 0.97%/yr for XDTE.
Performance
MSTW vs. XDTE - Performance Comparison
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Returns By Period
In the year-to-date period, MSTW achieves a -16.42% return, which is significantly lower than XDTE's 9.55% return.
MSTW
- 1D
- -10.09%
- 1M
- -27.42%
- YTD
- -16.42%
- 6M
- -33.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDTE
- 1D
- 0.20%
- 1M
- 4.46%
- YTD
- 9.55%
- 6M
- 10.13%
- 1Y
- 27.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW vs. XDTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | -16.42% | -71.42% |
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF | 9.55% | 8.25% |
Correlation
The correlation between MSTW and XDTE is 0.48, 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 | 0.48 |
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Return for Risk
MSTW vs. XDTE — Risk / Return Rank
MSTW
XDTE
MSTW vs. XDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) 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.
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Sharpe Ratios by Period
| MSTW | XDTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.92 | 1.28 | -2.20 |
Drawdowns
MSTW vs. XDTE - Drawdown Comparison
The maximum MSTW drawdown since its inception was -81.85%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for MSTW and XDTE.
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Drawdown Indicators
| MSTW | XDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.85% | -19.09% | -62.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.68% | — |
Current DrawdownCurrent decline from peak | -76.11% | 0.00% | -76.11% |
Average DrawdownAverage peak-to-trough decline | -54.38% | -2.32% | -52.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.68% | — |
Volatility
MSTW vs. XDTE - Volatility Comparison
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Volatility by Period
| MSTW | XDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.79% | 10.97% | +77.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.79% | 13.85% | +74.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.79% | 13.85% | +74.94% |
MSTW vs. XDTE - Expense Ratio Comparison
MSTW has a 0.99% expense ratio, which is higher than XDTE's 0.97% expense ratio.
Dividends
MSTW vs. XDTE - Dividend Comparison
MSTW's dividend yield for the trailing twelve months is around 219.17%, more than XDTE's 32.78% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MSTW Roundhill MSTR WeeklyPay ETF | 219.17% | 106.94% | 0.00% |
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF | 32.78% | 39.16% | 20.35% |
Frequently Asked Questions
MSTW and XDTE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for MSTW.
MSTW has the higher dividend yield at 219.17%, compared with 32.78% for XDTE.
Their fees differ too: 0.99% for MSTW and 0.97% for XDTE.
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