NFLW vs. QDTE

Last updated Jun 24, 2026

NFLW (Roundhill NFLX WeeklyPay ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, NFLW returned -50.09% vs 33.64% for QDTE. At a 0.20 correlation, their price movements are largely independent. NFLW charges 0.99%/yr vs 0.97%/yr for QDTE.

Performance

NFLW vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill NFLX WeeklyPay ETF (NFLW) and Roundhill Innovation-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, NFLW achieves a -27.54% return, which is significantly lower than QDTE's 12.61% return.

NFLW

• 1D: 0.08%
• 1M: -21.07%
• YTD: -27.54%
• 6M: -27.44%
• 1Y: -50.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -3.23%
• 1M: -0.17%
• YTD: 12.61%
• 6M: 11.52%
• 1Y: 33.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLW vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
NFLW Roundhill NFLX WeeklyPay ETF	-27.54%	-29.54%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.61%	19.25%

Correlation

The correlation between NFLW and QDTE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.20

NFLW vs. QDTE - Sectors Allocation Comparison

Sectors	NFLW	QDTE
Communication Services	28.3%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	5.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NFLW vs. QDTE — Risk / Return Rank

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

NFLW

NFLW Risk / Return Rank: 1
NFLW Sharpe Ratio Rank: 0
NFLW Sortino Ratio Rank: 1
NFLW Omega Ratio Rank: 0
NFLW Calmar Ratio Rank: 1
NFLW Martin Ratio Rank: 1

QDTE

QDTE Risk / Return Rank: 64
QDTE Sharpe Ratio Rank: 64
QDTE Sortino Ratio Rank: 56
QDTE Omega Ratio Rank: 62
QDTE Calmar Ratio Rank: 68
QDTE Martin Ratio Rank: 71

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.

NFLW vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NFLX WeeklyPay ETF (NFLW) and Roundhill Innovation-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.

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.

	NFLW	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	-1.24	2.03	-3.27
Sortino ratio: Return per unit of downside risk	-1.99	2.58	-4.57
Omega ratio: Gain probability vs. loss probability	0.75	1.36	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.93	3.31	-4.25
Martin ratio: Return relative to average drawdown	-1.59	12.82	-14.40

NFLW vs. QDTE - Sharpe Ratio Comparison

The current NFLW Sharpe Ratio is -1.24, which is lower than the QDTE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of NFLW and QDTE, 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

NFLW vs. QDTE - Drawdown Comparison

The maximum NFLW drawdown since its inception was -53.89%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for NFLW and QDTE.

Drawdown Indicators

	NFLW	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-53.89%	-22.86%	-31.03%
Max Drawdown (1Y) Largest decline over 1 year	-53.89%	-10.20%	-43.69%
Current Drawdown Current decline from peak	-53.85%	-3.55%	-50.30%
Average Drawdown Average peak-to-trough decline	-27.86%	-3.13%	-24.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.61%	2.63%	+28.98%

Volatility

NFLW vs. QDTE - Volatility Comparison

Roundhill NFLX WeeklyPay ETF (NFLW) has a higher volatility of 9.81% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 8.57%. This indicates that NFLW's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFLW	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.81%	8.57%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	30.49%	13.32%	+17.17%
Volatility (1Y) Calculated over the trailing 1-year period	40.43%	16.68%	+23.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.29%	18.99%	+21.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.29%	18.99%	+21.30%

NFLW vs. QDTE - Expense Ratio Comparison

NFLW has a 0.99% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

NFLW vs. QDTE - Dividend Comparison

NFLW's dividend yield for the trailing twelve months is around 87.68%, more than QDTE's 44.23% yield.

Position	TTM	2025	2024
NFLW Roundhill NFLX WeeklyPay ETF	87.68%	38.89%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.23%	49.49%	32.09%

Frequently Asked Questions

Can I hold both NFLW and QDTE in my portfolio?

NFLW and QDTE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFLW or QDTE?

NFLW has higher volatility (9.81%) compared to QDTE (8.57%). In terms of maximum drawdown, NFLW dropped -53.89% vs QDTE's -22.86%.

Which ETF is better, NFLW or QDTE?

On 1-year performance, QDTE leads with 33.64% vs -50.09% for NFLW. On fees, QDTE is cheaper at 0.97% per year. On volatility, QDTE has been the lower-risk option at 8.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NFLW or QDTE?

Over the 1-year period, QDTE has performed better with a 33.64% return vs -50.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLW or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for NFLW.

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

NFLW has the higher dividend yield at 87.68%, compared with 44.23% for QDTE.

What is the main difference between NFLW and QDTE?

Their fees differ too: 0.99% for NFLW and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.03 vs -1.24), 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.