QDTE vs. QQQ
Compare and contrast key facts about Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) and Invesco QQQ (QQQ).
QDTE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QDTE or QQQ.
Key characteristics
| QDTE | QQQ | |
|---|---|---|
| Daily Std Dev | 17.70% | 17.69% |
| Max Drawdown | -10.74% | -82.98% |
| Current Drawdown | -2.30% | -6.27% |
Correlation
The correlation between QDTE and QQQ is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QDTE vs. QQQ - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QDTE vs. QQQ - Expense Ratio Comparison
QDTE has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QDTE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) and Invesco QQQ (QQQ). 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.
Not enough dataDividends
QDTE vs. QQQ - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 19.64%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 19.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
QDTE vs. QQQ - Drawdown Comparison
The maximum QDTE drawdown since its inception was -10.74%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QDTE and QQQ. For additional features, visit the drawdowns tool.
Volatility
QDTE vs. QQQ - Volatility Comparison
The current volatility for Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) is 5.41%, while Invesco QQQ (QQQ) has a volatility of 5.90%. This indicates that QDTE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.