QBER vs. QDTE

Last updated Jun 5, 2026

QBER (TrueShares Quarterly Bear Hedge ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - QBER is a Options Trading fund actively managed by TrueShares, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QBER returned -0.46% vs 39.17% for QDTE. At a correlation of -0.50, they often move in opposite directions. QBER charges 0.79%/yr vs 0.97%/yr for QDTE.

Performance

QBER vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Quarterly Bear Hedge ETF (QBER) 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, QBER achieves a -0.73% return, which is significantly lower than QDTE's 16.06% return.

QBER

• 1D: 0.23%
• 1M: -0.27%
• YTD: -0.73%
• 6M: -0.06%
• 1Y: -0.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.45%
• 1M: 7.12%
• YTD: 16.06%
• 6M: 15.73%
• 1Y: 39.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBER vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBER TrueShares Quarterly Bear Hedge ETF	-0.73%	0.25%	0.04%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.06%	19.32%	8.47%

Correlation

The correlation between QBER and QDTE is -0.49, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.49
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024	-0.50

The correlation between QBER and QDTE has been stable across timeframes, ranging from -0.50 to -0.49 - a consistent structural relationship.

Return for Risk

QBER vs. QDTE — Risk / Return Rank

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

QBER

QBER Risk / Return Rank: 7
QBER Sharpe Ratio Rank: 8
QBER Sortino Ratio Rank: 7
QBER Omega Ratio Rank: 7
QBER Calmar Ratio Rank: 7
QBER Martin Ratio Rank: 7

QDTE

QDTE Risk / Return Rank: 79
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 77
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.

QBER vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Quarterly Bear Hedge ETF (QBER) 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.

	QBER	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	2.66	-2.79
Sortino ratio: Return per unit of downside risk	-0.15	3.41	-3.56
Omega ratio: Gain probability vs. loss probability	0.98	1.46	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.20	3.86	-4.06
Martin ratio: Return relative to average drawdown	-0.47	15.60	-16.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBER vs. QDTE - Sharpe Ratio Comparison

The current QBER Sharpe Ratio is -0.13, which is lower than the QDTE Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of QBER 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.

Sharpe Ratios by Period

	QBER	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	2.66	-2.79
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	1.29	-1.32

Drawdowns

QBER vs. QDTE - Drawdown Comparison

The maximum QBER drawdown since its inception was -5.72%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for QBER and QDTE.

Drawdown Indicators

	QBER	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-5.72%	-22.86%	+17.14%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	-10.20%	+7.85%
Current Drawdown Current decline from peak	-5.46%	-0.60%	-4.86%
Average Drawdown Average peak-to-trough decline	-4.72%	-3.14%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	2.52%	-1.54%

Volatility

QBER vs. QDTE - Volatility Comparison

The current volatility for TrueShares Quarterly Bear Hedge ETF (QBER) is 0.89%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 3.72%. This indicates that QBER experiences smaller price fluctuations and is considered to be less risky than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBER	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	3.72%	-2.83%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	11.01%	-8.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	14.81%	-11.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.40%	18.42%	-12.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.40%	18.42%	-12.02%

QBER vs. QDTE - Expense Ratio Comparison

QBER has a 0.79% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

QBER vs. QDTE - Dividend Comparison

QBER's dividend yield for the trailing twelve months is around 3.29%, less than QDTE's 43.41% yield.

Position	TTM	2025	2024
QBER TrueShares Quarterly Bear Hedge ETF	3.29%	3.26%	1.35%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	43.41%	49.49%	32.09%

Frequently Asked Questions

Can I hold both QBER and QDTE in my portfolio?

QBER 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, QBER or QDTE?

QDTE has higher volatility (3.72%) compared to QBER (0.89%). In terms of maximum drawdown, QBER dropped -5.72% vs QDTE's -22.86%.

Which ETF is better, QBER or QDTE?

On 1-year performance, QDTE leads with 39.17% vs -0.46% for QBER. On fees, QBER is cheaper at 0.79% per year. On volatility, QBER has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBER or QDTE?

Over the 1-year period, QDTE has performed better with a 39.17% return vs -0.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBER or QDTE?

QBER is cheaper with a 0.79% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 43.41%, compared with 3.29% for QBER.

What is the main difference between QBER and QDTE?

QBER is categorized as Options Trading, while QDTE is Derivative Income. They also come from different issuers: TrueShares and Roundhill. Their fees differ too: 0.79% for QBER and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.66 vs -0.13), 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.