QDTE vs. MGK

Last updated Jun 28, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and MGK (Vanguard Mega Cap Growth ETF) are both exchange-traded funds - QDTE is a Derivative Income fund actively managed by Roundhill, while MGK is a Large Cap Growth Equities fund tracking the CRSP US Mega Cap Growth Index. QDTE is actively managed, while MGK is passively managed. Over the past year, QDTE returned 28.86% vs 16.13% for MGK. Their correlation of 0.94 suggests significant overlap in exposure. QDTE charges 0.97%/yr vs 0.05%/yr for MGK.

Performance

QDTE vs. MGK - 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 Vanguard Mega Cap Growth ETF (MGK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTE achieves a 12.12% return, which is significantly higher than MGK's 2.27% return.

QDTE

• 1D: -1.21%
• 1M: -3.22%
• YTD: 12.12%
• 6M: 10.78%
• 1Y: 28.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MGK

• 1D: 0.00%
• 1M: -7.58%
• YTD: 2.27%
• 6M: 0.79%
• 1Y: 16.13%
• 3Y*: 22.71%
• 5Y*: 13.55%
• 10Y*: 18.78%

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

QDTE vs. MGK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.12%	19.32%	17.13%
MGK Vanguard Mega Cap Growth ETF	2.27%	20.67%	22.38%

Correlation

The correlation between QDTE and MGK is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.94

The correlation between QDTE and MGK has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

QDTE vs. MGK - Sectors Allocation Comparison

Sectors	QDTE	MGK
Financial Services	5.6%	4.1%
Basic Materials	-	0.6%
Communication Services	-	15.8%
Consumer Cyclical	-	12.2%
Consumer Defensive	-	0.4%
Energy	-	-
Healthcare	-	4.6%
Industrials	-	1.0%
Real Estate	-	1.1%
Technology	-	59.0%
Utilities	-	1.0%

Return for Risk

QDTE vs. MGK — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 61
QDTE Sharpe Ratio Rank: 60
QDTE Sortino Ratio Rank: 53
QDTE Omega Ratio Rank: 58
QDTE Calmar Ratio Rank: 66
QDTE Martin Ratio Rank: 69

MGK

MGK Risk / Return Rank: 26
MGK Sharpe Ratio Rank: 28
MGK Sortino Ratio Rank: 26
MGK Omega Ratio Rank: 26
MGK Calmar Ratio Rank: 22
MGK Martin Ratio Rank: 26

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. MGK - 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 Vanguard Mega Cap Growth ETF (MGK). 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	MGK	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.98	+0.80
Sortino ratio: Return per unit of downside risk	2.30	1.41	+0.88
Omega ratio: Gain probability vs. loss probability	1.32	1.18	+0.14
Calmar ratio: Return relative to maximum drawdown	2.90	1.00	+1.90
Martin ratio: Return relative to average drawdown	11.08	3.30	+7.79

QDTE vs. MGK - Sharpe Ratio Comparison

The current QDTE Sharpe Ratio is 1.77, which is higher than the MGK Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of QDTE and MGK, 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. MGK - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum MGK drawdown of -48.43%. Use the drawdown chart below to compare losses from any high point for QDTE and MGK.

Drawdown Indicators

	QDTE	MGK	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-48.43%	+25.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-16.85%	+6.65%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.01%	—
Current Drawdown Current decline from peak	-3.97%	-8.37%	+4.40%
Average Drawdown Average peak-to-trough decline	-3.13%	-7.58%	+4.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	5.10%	-2.44%

Volatility

QDTE vs. MGK - Volatility Comparison

Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a higher volatility of 8.55% compared to Vanguard Mega Cap Growth ETF (MGK) at 7.04%. This indicates that QDTE's price experiences larger fluctuations and is considered to be riskier than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTE	MGK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.55%	7.04%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	13.69%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	16.68%	17.26%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	22.80%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	21.94%	-2.97%

QDTE vs. MGK - Expense Ratio Comparison

QDTE has a 0.97% expense ratio, which is higher than MGK's 0.05% expense ratio.

Dividends

QDTE vs. MGK - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 44.73%, more than MGK's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGK Vanguard Mega Cap Growth ETF	0.44%	0.35%	0.43%	0.50%	0.70%	0.41%	0.65%	0.85%	1.12%	1.23%	1.53%	1.43%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.73%	49.49%	32.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QDTE and MGK in my portfolio?

With a correlation of 0.91, QDTE and MGK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QDTE or MGK?

QDTE has higher volatility (8.55%) compared to MGK (7.04%). In terms of maximum drawdown, QDTE dropped -22.86% vs MGK's -48.43%.

Which ETF is better, QDTE or MGK?

On 1-year performance, QDTE leads with 28.86% vs 16.13% for MGK. On fees, MGK is cheaper at 0.05% per year. On volatility, MGK has been the lower-risk option at 7.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTE or MGK?

Over the 1-year period, QDTE has performed better with a 28.86% return vs 16.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTE or MGK?

MGK is cheaper with a 0.05% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 44.73%, compared with 0.44% for MGK.

What is the main difference between QDTE and MGK?

QDTE is categorized as Derivative Income, while MGK is Large Cap Growth Equities. They also come from different issuers: Roundhill and Vanguard. Their fees differ too: 0.97% for QDTE and 0.05% for MGK.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.77 vs 0.98), 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.