QDTE vs. LX
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill, while LX (LexinFintech Holdings Ltd.) is a stock. Over the past year, QDTE returned 24.69% vs -74.26% for LX. At a 0.22 correlation, their price movements are largely independent.
Performance
QDTE vs. LX - Performance Comparison
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Returns By Period
In the year-to-date period, QDTE achieves a 11.03% return, which is significantly higher than LX's -51.73% return.
QDTE
- 1D
- 0.31%
- 1M
- -4.51%
- 6M
- 9.76%
- YTD
- 11.03%
- 1Y
- 24.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.39%
LX
- 1D
- -5.84%
- 1M
- -27.50%
- 6M
- -47.38%
- YTD
- -51.73%
- 1Y
- -74.26%
- 3Y*
- -8.07%
- 5Y*
- -28.17%
- 10Y*
- —
- ALL TIME*
- 6.18%
QDTE vs. LX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 11.03% | 19.32% | 17.13% |
LX LexinFintech Holdings Ltd. | -51.73% | -40.97% | 250.22% |
Correlation
The correlation between QDTE and LX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.22 |
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Return for Risk
QDTE vs. LX — Risk / Return Rank
QDTE
LX
QDTE vs. LX - 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 LexinFintech Holdings Ltd. (LX). 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 | LX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +4.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.71 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | -0.95 | +3.38 |
| Martin ratioReturn relative to average drawdown | 8.94 | -1.38 | +10.32 |
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Drawdowns
QDTE vs. LX - Drawdown Comparison
The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum LX drawdown of -93.19%. Use the drawdown chart below to compare losses from any high point for QDTE and LX.
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Drawdown Indicators
| QDTE | LX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.86% | -93.19% | +70.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -78.22% | +68.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -85.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -86.72% | — |
Current DrawdownCurrent decline from peak | -4.91% | -89.66% | +84.75% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -63.60% | +60.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 53.88% | -51.11% |
Volatility
QDTE vs. LX - Volatility Comparison
The current volatility for Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) is 7.01%, while LexinFintech Holdings Ltd. (LX) has a volatility of 15.73%. This indicates that QDTE experiences smaller price fluctuations and is considered to be less risky than LX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDTE | LX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 15.73% | -8.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 39.00% | -24.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 64.28% | -46.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 73.45% | -54.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 321.36% | -302.30% |
Dividends
QDTE vs. LX - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 45.99%, more than LX's 26.34% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LX LexinFintech Holdings Ltd. | 26.34% | 9.30% | 2.38% | 11.85% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 45.99% | 49.49% | 32.09% | 0.00% |
Frequently Asked Questions
QDTE and LX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LX has higher volatility (15.73%) compared to QDTE (7.01%). In terms of maximum drawdown, QDTE dropped -22.86% vs LX's -93.19%.
QDTE currently has the higher Sharpe Ratio (1.42 vs -1.16), 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.
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