QDTE vs. ARMW

Last updated Jul 17, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and ARMW (Roundhill ARM WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. QDTE charges 0.97%/yr vs 0.99%/yr for ARMW.

Performance

QDTE vs. ARMW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) and Roundhill ARM WeeklyPay ETF (ARMW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTE achieves a 12.40% return, which is significantly lower than ARMW's 161.70% return.

QDTE

• 1D: -1.63%
• 1M: -1.88%
• 6M: 11.11%
• YTD: 12.40%
• 1Y: 26.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMW

• 1D: -7.36%
• 1M: -40.52%
• 6M: 177.20%
• YTD: 161.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDTE vs. ARMW - Yearly Performance Comparison

	2026 (YTD)	2025
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.40%	4.19%
ARMW Roundhill ARM WeeklyPay ETF	161.70%	-41.28%

Correlation

The correlation between QDTE and ARMW is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025	0.62

QDTE vs. ARMW - Sectors Allocation Comparison

Sectors	QDTE	ARMW
Financial Services	5.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	20.0%
Utilities	-	-

Return for Risk

QDTE vs. ARMW — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 59
QDTE Sharpe Ratio Rank: 56
QDTE Sortino Ratio Rank: 51
QDTE Omega Ratio Rank: 54
QDTE Calmar Ratio Rank: 65
QDTE Martin Ratio Rank: 68

ARMW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QDTE vs. ARMW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) and Roundhill ARM WeeklyPay ETF (ARMW). 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.

	QDTE	ARMW	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.63	—	—
Martin ratio: Return relative to average drawdown	9.81	—	—

Drawdowns

QDTE vs. ARMW - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum ARMW drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for QDTE and ARMW.

Drawdown Indicators

	QDTE	ARMW	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-48.47%	+25.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	—	—
Current Drawdown Current decline from peak	-3.74%	-47.33%	+43.59%
Average Drawdown Average peak-to-trough decline	-3.12%	-25.96%	+22.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	—	—

Volatility

Volatility by Period

	QDTE	ARMW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	95.20%	-77.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.06%	95.20%	-76.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	95.20%	-76.14%

QDTE vs. ARMW - Expense Ratio Comparison

QDTE has a 0.97% expense ratio, which is lower than ARMW's 0.99% expense ratio.

Dividends

QDTE vs. ARMW - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 46.23%, less than ARMW's 50.52% yield.

Position	TTM	2025	2024
ARMW Roundhill ARM WeeklyPay ETF	50.52%	16.38%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	46.23%	49.49%	32.09%

Frequently Asked Questions

Can I hold both QDTE and ARMW in my portfolio?

QDTE and ARMW have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QDTE or ARMW?

On fees, QDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDTE or ARMW?

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

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

ARMW has the higher dividend yield at 50.52%, compared with 46.23% for QDTE.

What is the main difference between QDTE and ARMW?

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