QDTE vs. BITO
Compare and contrast key facts about Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) and ProShares Bitcoin Strategy ETF (BITO).
QDTE and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QDTE or BITO.
Key characteristics
| QDTE | BITO | |
|---|---|---|
| Daily Std Dev | 17.83% | 55.84% |
| Max Drawdown | -10.74% | -77.86% |
| Current Drawdown | -2.32% | -25.41% |
Correlation
The correlation between QDTE and BITO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
QDTE vs. BITO - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QDTE vs. BITO - Expense Ratio Comparison
Both QDTE and BITO have an expense ratio of 0.95%.
Risk-Adjusted Performance
QDTE vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) and ProShares Bitcoin Strategy ETF (BITO). 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.
Not enough dataDividends
QDTE vs. BITO - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 19.65%, less than BITO's 58.86% yield.
| TTM | 2023 | |
|---|---|---|
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 19.65% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 58.86% | 15.14% |
Drawdowns
QDTE vs. BITO - Drawdown Comparison
The maximum QDTE drawdown since its inception was -10.74%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for QDTE and BITO. For additional features, visit the drawdowns tool.
Volatility
QDTE vs. BITO - Volatility Comparison
The current volatility for Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) is 5.43%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 14.84%. This indicates that QDTE experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.