QDTE vs. DRAM

Last updated Aug 4, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - QDTE is a Derivative Income fund actively managed by Roundhill, while DRAM is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. QDTE charges 0.95%/yr vs 0.65%/yr for DRAM.

Performance

QDTE vs. DRAM - 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 Memory ETF (DRAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QDTE

• 1D: 0.94%
• 1M: -0.61%
• 6M: 9.13%
• YTD: 11.57%
• 1Y: 26.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.27%

DRAM

• 1D: 1.51%
• 1M: -15.67%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRAM Roundhill Memory ETF	$4.29B	$4.47B	$3.58B
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	$17.47M	$18.24M	$19.80M

QDTE vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.11%
DRAM Roundhill Memory ETF	89.37%

Correlation

The correlation between QDTE and DRAM is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.78

QDTE vs. DRAM - Sectors Allocation Comparison

Sectors	QDTE	DRAM
Financial Services	5.3%	-2.3%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

QDTE vs. DRAM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QDTE

QDTE Risk / Return Rank: 64
QDTE Sharpe Ratio Rank: 62
QDTE Sortino Ratio Rank: 56
QDTE Omega Ratio Rank: 58
QDTE Calmar Ratio Rank: 73
QDTE Martin Ratio Rank: 70

DRAM

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QDTE vs. DRAM - 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 Memory ETF (DRAM). 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	DRAM	Difference
Sharpe ratio: Return per unit of total volatility	1.47	—	—
Sortino ratio: Return per unit of downside risk	1.98	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	8.76	—	—

Drawdowns

QDTE vs. DRAM - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum DRAM drawdown of -44.44%. Use the drawdown chart below to compare losses from any high point for QDTE and DRAM.

Drawdown Indicators

	QDTE	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-44.44%	+21.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	—	—
Current Drawdown Current decline from peak	-4.45%	-36.66%	+32.21%
Average Drawdown Average peak-to-trough decline	-3.17%	-10.81%	+7.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	—	—

Volatility

Volatility by Period

	QDTE	DRAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.99%	100.35%	-82.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	100.35%	-81.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	100.35%	-81.18%

QDTE vs. DRAM - Expense Ratio Comparison

QDTE has a 0.95% expense ratio, which is higher than DRAM's 0.65% expense ratio.

Dividends

QDTE vs. DRAM - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 45.98%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025	2024
DRAM Roundhill Memory ETF	0.00%	0.00%	0.00%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	45.98%	49.49%	32.09%

Frequently Asked Questions

Can I hold both QDTE and DRAM in my portfolio?

QDTE and DRAM have a correlation of 0.78, 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 DRAM?

On fees, DRAM is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QDTE or DRAM?

DRAM is cheaper with a 0.65% expense ratio, compared with 0.95% for QDTE.

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

QDTE has the higher dividend yield at 45.98%, compared with 0.00% for DRAM.

What is the main difference between QDTE and DRAM?

QDTE is categorized as Derivative Income, while DRAM is Technology Equities. Their fees differ too: 0.95% for QDTE and 0.65% for DRAM.