PLTY vs. QDTE

Last updated Jun 14, 2026

PLTY (YieldMax PLTR Option Income Strategy ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, PLTY returned -6.06% vs 35.38% for QDTE. A 0.55 correlation means they provide meaningful diversification when combined. PLTY charges 0.99%/yr vs 0.97%/yr for QDTE.

Performance

PLTY vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax PLTR Option Income Strategy ETF (PLTY) 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, PLTY achieves a -20.95% return, which is significantly lower than QDTE's 12.97% return.

PLTY

• 1D: -2.25%
• 1M: -3.05%
• YTD: -20.95%
• 6M: -23.85%
• 1Y: -6.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 0.79%
• 1M: 1.25%
• YTD: 12.97%
• 6M: 13.97%
• 1Y: 35.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLTY vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTY YieldMax PLTR Option Income Strategy ETF	-20.95%	78.06%	52.50%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.97%	19.32%	4.58%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024	0.55

The correlation between PLTY and QDTE has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

Return for Risk

PLTY vs. QDTE — Risk / Return Rank

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

PLTY

PLTY Risk / Return Rank: 9
PLTY Sharpe Ratio Rank: 8
PLTY Sortino Ratio Rank: 9
PLTY Omega Ratio Rank: 9
PLTY Calmar Ratio Rank: 8
PLTY Martin Ratio Rank: 8

QDTE

QDTE Risk / Return Rank: 75
QDTE Sharpe Ratio Rank: 77
QDTE Sortino Ratio Rank: 69
QDTE Omega Ratio Rank: 74
QDTE Calmar Ratio Rank: 75
QDTE Martin Ratio Rank: 78

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.

PLTY vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) 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.

	PLTY	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	2.12	-2.24
Sortino ratio: Return per unit of downside risk	0.13	2.69	-2.56
Omega ratio: Gain probability vs. loss probability	1.02	1.38	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.14	3.33	-3.47
Martin ratio: Return relative to average drawdown	-0.26	12.94	-13.20

PLTY vs. QDTE - Sharpe Ratio Comparison

The current PLTY Sharpe Ratio is -0.11, which is lower than the QDTE Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of PLTY 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

PLTY vs. QDTE - Drawdown Comparison

The maximum PLTY drawdown since its inception was -36.61%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for PLTY and QDTE.

Drawdown Indicators

	PLTY	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-36.61%	-22.86%	-13.75%
Max Drawdown (1Y) Largest decline over 1 year	-34.41%	-10.20%	-24.21%
Current Drawdown Current decline from peak	-31.44%	-3.24%	-28.20%
Average Drawdown Average peak-to-trough decline	-13.01%	-3.15%	-9.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.36%	2.62%	+15.74%

Volatility

PLTY vs. QDTE - Volatility Comparison

YieldMax PLTR Option Income Strategy ETF (PLTY) has a higher volatility of 14.45% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 7.09%. This indicates that PLTY'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

	PLTY	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.45%	7.09%	+7.36%
Volatility (6M) Calculated over the trailing 6-month period	32.45%	12.66%	+19.79%
Volatility (1Y) Calculated over the trailing 1-year period	42.71%	15.99%	+26.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.62%	18.77%	+33.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.62%	18.77%	+33.85%

PLTY vs. QDTE - Expense Ratio Comparison

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

Dividends

PLTY vs. QDTE - Dividend Comparison

PLTY's dividend yield for the trailing twelve months is around 124.27%, more than QDTE's 44.17% yield.

Position	TTM	2025	2024
PLTY YieldMax PLTR Option Income Strategy ETF	124.27%	112.44%	7.85%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.17%	49.49%	32.09%

Frequently Asked Questions

Can I hold both PLTY and QDTE in my portfolio?

PLTY 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 is riskier, PLTY or QDTE?

PLTY has higher volatility (14.45%) compared to QDTE (7.09%). In terms of maximum drawdown, PLTY dropped -36.61% vs QDTE's -22.86%.

Which ETF is better, PLTY or QDTE?

On 1-year performance, QDTE leads with 35.38% vs -6.06% for PLTY. On fees, QDTE is cheaper at 0.97% per year. On volatility, QDTE has been the lower-risk option at 7.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTY or QDTE?

Over the 1-year period, QDTE has performed better with a 35.38% return vs -6.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTY or QDTE?

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

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

PLTY has the higher dividend yield at 124.27%, compared with 44.17% for QDTE.

What is the main difference between PLTY and QDTE?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 0.99% for PLTY and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.12 vs -0.11), 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.