QDTE vs. CWII

Last updated Jun 24, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and CWII (REX CRWV Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. QDTE charges 0.97%/yr vs 1.03%/yr for CWII.

Performance

QDTE vs. CWII - 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 REX CRWV Growth & Income ETF (CWII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTE achieves a 12.61% return, which is significantly lower than CWII's 13,199.78% return.

QDTE

• 1D: -3.23%
• 1M: -0.17%
• YTD: 12.61%
• 6M: 11.52%
• 1Y: 33.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWII

• 1D: 0.00%
• 1M: 10,273.16%
• YTD: 13,199.78%
• 6M: 11,946.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDTE vs. CWII - Yearly Performance Comparison

	2026 (YTD)	2025
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.61%	-0.39%
CWII REX CRWV Growth & Income ETF	13,199.78%	-45.06%

Correlation

The correlation between QDTE and CWII is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.45

Return for Risk

QDTE vs. CWII — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 64
QDTE Sharpe Ratio Rank: 64
QDTE Sortino Ratio Rank: 56
QDTE Omega Ratio Rank: 62
QDTE Calmar Ratio Rank: 68
QDTE Martin Ratio Rank: 71

CWII

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. CWII - 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 REX CRWV Growth & Income ETF (CWII). 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	CWII	Difference
Sharpe ratio: Return per unit of total volatility	2.03	—	—
Sortino ratio: Return per unit of downside risk	2.58	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.31	—	—
Martin ratio: Return relative to average drawdown	12.82	—	—

Drawdowns

QDTE vs. CWII - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum CWII drawdown of -51.04%. Use the drawdown chart below to compare losses from any high point for QDTE and CWII.

Drawdown Indicators

	QDTE	CWII	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-51.04%	+28.18%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	—	—
Current Drawdown Current decline from peak	-3.55%	0.00%	-3.55%
Average Drawdown Average peak-to-trough decline	-3.13%	-33.26%	+30.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	—	—

Volatility

Volatility by Period

	QDTE	CWII	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.68%	13,701.30%	-13,684.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	13,701.30%	-13,682.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	13,701.30%	-13,682.31%

QDTE vs. CWII - Expense Ratio Comparison

QDTE has a 0.97% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

QDTE vs. CWII - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 44.23%, less than CWII's 123.26% yield.

Position	TTM	2025	2024
CWII REX CRWV Growth & Income ETF	123.26%	6.09%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.23%	49.49%	32.09%

Frequently Asked Questions

Can I hold both QDTE and CWII in my portfolio?

QDTE and CWII have a correlation of 0.45, 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 CWII?

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 CWII?

QDTE is cheaper with a 0.97% expense ratio, compared with 1.03% for CWII.

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

CWII has the higher dividend yield at 123.26%, compared with 44.23% for QDTE.

What is the main difference between QDTE and CWII?

They also come from different issuers: Roundhill and REX Shares. Their fees differ too: 0.97% for QDTE and 1.03% for CWII.