NFLY vs. QDTE
Compare and contrast key facts about YieldMax NFLX Option Income Strategy ETF (NFLY) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
NFLY and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFLY is an actively managed fund by YieldMax. It was launched on Aug 7, 2023. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFLY or QDTE.
Correlation
The correlation between NFLY and QDTE is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NFLY vs. QDTE - Performance Comparison
Key characteristics
NFLY:
1.73
QDTE:
0.57
NFLY:
2.33
QDTE:
0.86
NFLY:
1.33
QDTE:
1.11
NFLY:
2.80
QDTE:
0.86
NFLY:
9.82
QDTE:
2.61
NFLY:
4.42%
QDTE:
4.03%
NFLY:
25.08%
QDTE:
18.34%
NFLY:
-21.45%
QDTE:
-12.27%
NFLY:
-9.05%
QDTE:
-10.22%
Returns By Period
In the year-to-date period, NFLY achieves a 3.58% return, which is significantly higher than QDTE's -4.85% return.
NFLY
3.58%
-3.34%
25.72%
43.05%
N/A
N/A
QDTE
-4.85%
-2.69%
-0.28%
11.44%
N/A
N/A
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NFLY vs. QDTE - Expense Ratio Comparison
NFLY has a 0.99% expense ratio, which is higher than QDTE's 0.95% expense ratio.
Risk-Adjusted Performance
NFLY vs. QDTE — Risk-Adjusted Performance Rank
NFLY
QDTE
NFLY vs. QDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NFLX Option Income Strategy ETF (NFLY) 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.
Dividends
NFLY vs. QDTE - Dividend Comparison
NFLY's dividend yield for the trailing twelve months is around 49.58%, more than QDTE's 44.47% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NFLY YieldMax NFLX Option Income Strategy ETF | 49.58% | 49.91% | 11.84% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 44.47% | 32.10% | 0.00% |
Drawdowns
NFLY vs. QDTE - Drawdown Comparison
The maximum NFLY drawdown since its inception was -21.45%, which is greater than QDTE's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for NFLY and QDTE. For additional features, visit the drawdowns tool.
Volatility
NFLY vs. QDTE - Volatility Comparison
YieldMax NFLX Option Income Strategy ETF (NFLY) has a higher volatility of 11.94% compared to Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) at 7.79%. This indicates that NFLY'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.