QDTE vs. QQQT

Last updated Jun 26, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and QQQT (Defiance Nasdaq 100 Income Target ETF) are both exchange-traded funds - QDTE is a Derivative Income fund actively managed by Roundhill, while QQQT is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Over the past year, QDTE returned 32.12% vs 26.99% for QQQT. With a 0.95 correlation, they move nearly in lockstep. QDTE charges 0.97%/yr vs 1.05%/yr for QQQT.

Performance

QDTE vs. QQQT - 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 Defiance Nasdaq 100 Income Target ETF (QQQT). 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 lower than QQQT's 15.19% return.

QDTE

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

QQQT

• 1D: 0.74%
• 1M: -1.88%
• YTD: 15.19%
• 6M: 13.80%
• 1Y: 26.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDTE vs. QQQT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	13.50%	19.32%	9.19%
QQQT Defiance Nasdaq 100 Income Target ETF	15.19%	14.04%	4.20%

Correlation

The correlation between QDTE and QQQT is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Jun 21, 2024	0.95

The correlation between QDTE and QQQT has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

QDTE vs. QQQT - Sectors Allocation Comparison

Sectors	QDTE	QQQT
Financial Services	5.4%	0.2%
Basic Materials	-	1.0%
Communication Services	-	14.3%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	6.4%
Energy	-	0.5%
Healthcare	-	3.7%
Industrials	-	2.6%
Real Estate	-	0.1%
Technology	-	58.7%
Utilities	-	1.2%

Return for Risk

QDTE vs. QQQT — 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

QQQT

QQQT Risk / Return Rank: 53
QQQT Sharpe Ratio Rank: 56
QQQT Sortino Ratio Rank: 52
QQQT Omega Ratio Rank: 58
QQQT Calmar Ratio Rank: 49
QQQT Martin Ratio Rank: 49

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. QQQT - 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 Defiance Nasdaq 100 Income Target ETF (QQQT). 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	QQQT	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.64	+0.30
Sortino ratio: Return per unit of downside risk	2.48	2.21	+0.27
Omega ratio: Gain probability vs. loss probability	1.35	1.31	+0.04
Calmar ratio: Return relative to maximum drawdown	3.16	2.13	+1.03
Martin ratio: Return relative to average drawdown	12.16	7.26	+4.90

QDTE vs. QQQT - Sharpe Ratio Comparison

The current QDTE Sharpe Ratio is 1.94, which is comparable to the QQQT Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of QDTE and QQQT, 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. QQQT - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, roughly equal to the maximum QQQT drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for QDTE and QQQT.

Drawdown Indicators

	QDTE	QQQT	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-22.50%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-12.73%	+2.53%
Current Drawdown Current decline from peak	-2.79%	-3.85%	+1.06%
Average Drawdown Average peak-to-trough decline	-3.13%	-3.98%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	3.73%	-1.08%

Volatility

QDTE vs. QQQT - Volatility Comparison

Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) and Defiance Nasdaq 100 Income Target ETF (QQQT) have volatilities of 8.47% and 8.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTE	QQQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.47%	8.50%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	13.55%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.63%	16.51%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	20.75%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	20.75%	-1.78%

QDTE vs. QQQT - Expense Ratio Comparison

QDTE has a 0.97% expense ratio, which is lower than QQQT's 1.05% expense ratio.

Dividends

QDTE vs. QQQT - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 45.00%, more than QQQT's 19.87% yield.

Position	TTM	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	45.00%	49.49%	32.09%
QQQT Defiance Nasdaq 100 Income Target ETF	19.87%	21.27%	10.35%

Frequently Asked Questions

Can I hold both QDTE and QQQT in my portfolio?

With a correlation of 0.94, QDTE and QQQT 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 QQQT?

QQQT has higher volatility (8.50%) compared to QDTE (8.47%). In terms of maximum drawdown, QDTE dropped -22.86% vs QQQT's -22.50%.

Which ETF is better, QDTE or QQQT?

On 1-year performance, QDTE leads with 32.12% vs 26.99% for QQQT. On fees, QDTE is cheaper at 0.97% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTE or QQQT?

Over the 1-year period, QDTE has performed better with a 32.12% return vs 26.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTE or QQQT?

QDTE is cheaper with a 0.97% expense ratio, compared with 1.05% for QQQT.

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

QDTE has the higher dividend yield at 45.00%, compared with 19.87% for QQQT.

What is the main difference between QDTE and QQQT?

QDTE is categorized as Derivative Income, while QQQT is Nasdaq-100. They also come from different issuers: Roundhill and Defiance. Their fees differ too: 0.97% for QDTE and 1.05% for QQQT.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.94 vs 1.64), 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.