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 34.41% vs -68.23% for LX. At a 0.24 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 12.44% return, which is significantly higher than LX's -31.09% return.
QDTE
- 1D
- 1.85%
- 1M
- 0.70%
- YTD
- 12.44%
- 6M
- 11.71%
- 1Y
- 34.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LX
- 1D
- 0.00%
- 1M
- -0.96%
- YTD
- -31.09%
- 6M
- -31.51%
- 1Y
- -68.23%
- 3Y*
- 4.91%
- 5Y*
- -25.63%
- 10Y*
- —
QDTE vs. LX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 12.44% | 19.32% | 17.13% |
LX LexinFintech Holdings Ltd. | -31.09% | -40.97% | 250.22% |
Correlation
The correlation between QDTE and LX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.24 |
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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.
| QDTE | LX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.28 | ||
| Sortino ratioReturn per unit of downside risk | +4.80 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.76 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | -0.95 | +4.34 |
| Martin ratioReturn relative to average drawdown | 13.52 | -1.38 | +14.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDTE | LX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | -1.07 | +3.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.04 | +1.13 |
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% | -72.18% | +61.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -81.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.23% | — |
Current DrawdownCurrent decline from peak | -3.70% | -85.24% | +81.54% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -63.32% | +60.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 49.57% | -47.02% |
Volatility
QDTE vs. LX - Volatility Comparison
The current volatility for Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) is 6.57%, while LexinFintech Holdings Ltd. (LX) has a volatility of 22.74%. 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 | 6.57% | 22.74% | -16.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 36.53% | -24.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 63.97% | -48.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 73.71% | -54.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 323.46% | -304.74% |
Dividends
QDTE vs. LX - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 44.14%, more than LX's 18.45% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LX LexinFintech Holdings Ltd. | 18.45% | 9.30% | 2.38% | 11.85% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 44.14% | 49.49% | 32.09% | 0.00% |
Frequently Asked Questions
QDTE and LX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LX has higher volatility (22.74%) compared to QDTE (6.57%). In terms of maximum drawdown, QDTE dropped -22.86% vs LX's -93.19%.
QDTE currently has the higher Sharpe Ratio (2.20 vs -1.07), 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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