QDTE vs. GOOY

Last updated Jun 26, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QDTE returned 32.12% vs 76.46% for GOOY. A 0.59 correlation means they provide meaningful diversification when combined. QDTE charges 0.97%/yr vs 0.99%/yr for GOOY.

Performance

QDTE vs. GOOY - 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 YieldMax GOOGL Option Income Strategy ETF (GOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTE achieves a 13.50% return, which is significantly higher than GOOY's 8.94% return.

QDTE

• 1D: 1.15%
• 1M: -1.10%
• YTD: 13.50%
• 6M: 12.07%
• 1Y: 32.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOOY

• 1D: -0.42%
• 1M: -10.48%
• YTD: 8.94%
• 6M: 8.62%
• 1Y: 76.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDTE vs. GOOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	13.50%	19.32%	17.13%
GOOY YieldMax GOOGL Option Income Strategy ETF	8.94%	53.95%	25.57%

Correlation

The correlation between QDTE and GOOY is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.59

The correlation between QDTE and GOOY has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.

Return for Risk

QDTE vs. GOOY — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 69
QDTE Sharpe Ratio Rank: 70
QDTE Sortino Ratio Rank: 61
QDTE Omega Ratio Rank: 68
QDTE Calmar Ratio Rank: 72
QDTE Martin Ratio Rank: 75

GOOY

GOOY Risk / Return Rank: 92
GOOY Sharpe Ratio Rank: 95
GOOY Sortino Ratio Rank: 95
GOOY Omega Ratio Rank: 93
GOOY Calmar Ratio Rank: 90
GOOY Martin Ratio Rank: 88

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. GOOY - 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 YieldMax GOOGL Option Income Strategy ETF (GOOY). 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	GOOY	Difference
Sharpe ratio: Return per unit of total volatility	1.94	3.26	-1.32
Sortino ratio: Return per unit of downside risk	2.48	4.40	-1.91
Omega ratio: Gain probability vs. loss probability	1.35	1.56	-0.21
Calmar ratio: Return relative to maximum drawdown	3.16	4.76	-1.60
Martin ratio: Return relative to average drawdown	12.16	16.44	-4.29

QDTE vs. GOOY - Sharpe Ratio Comparison

The current QDTE Sharpe Ratio is 1.94, which is lower than the GOOY Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of QDTE and GOOY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QDTE vs. GOOY - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum GOOY drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for QDTE and GOOY.

Drawdown Indicators

	QDTE	GOOY	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-24.40%	+1.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-16.15%	+5.95%
Current Drawdown Current decline from peak	-2.79%	-12.37%	+9.58%
Average Drawdown Average peak-to-trough decline	-3.13%	-6.30%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	4.67%	-2.02%

Volatility

QDTE vs. GOOY - Volatility Comparison

Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a higher volatility of 8.47% compared to YieldMax GOOGL Option Income Strategy ETF (GOOY) at 7.91%. This indicates that QDTE's price experiences larger fluctuations and is considered to be riskier than GOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTE	GOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.47%	7.91%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	17.70%	-4.40%
Volatility (1Y) Calculated over the trailing 1-year period	16.63%	23.64%	-7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	23.40%	-4.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	23.40%	-4.43%

QDTE vs. GOOY - Expense Ratio Comparison

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

Dividends

QDTE vs. GOOY - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 45.00%, less than GOOY's 53.92% yield.

Position	TTM	2025	2024	2023
GOOY YieldMax GOOGL Option Income Strategy ETF	53.92%	41.50%	36.74%	7.90%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	45.00%	49.49%	32.09%	0.00%

Frequently Asked Questions

Can I hold both QDTE and GOOY in my portfolio?

QDTE and GOOY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDTE or GOOY?

QDTE has higher volatility (8.47%) compared to GOOY (7.91%). In terms of maximum drawdown, QDTE dropped -22.86% vs GOOY's -24.40%.

Which ETF is better, QDTE or GOOY?

On 1-year performance, GOOY leads with 76.46% vs 32.12% for QDTE. On fees, QDTE is cheaper at 0.97% per year. On volatility, GOOY has been the lower-risk option at 7.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTE or GOOY?

Over the 1-year period, GOOY has performed better with a 76.46% return vs 32.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTE or GOOY?

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

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

GOOY has the higher dividend yield at 53.92%, compared with 45.00% for QDTE.

What is the main difference between QDTE and GOOY?

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

Which has better risk-adjusted returns?

GOOY currently has the higher Sharpe Ratio (3.26 vs 1.94), 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.