QDTE vs. QQQY
Compare and contrast key facts about Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
QDTE and QQQY 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. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QDTE or QQQY.
Correlation
The correlation between QDTE and QQQY is 0.88, 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. QQQY - Performance Comparison
Key characteristics
QDTE:
0.36
QQQY:
-0.19
QDTE:
0.59
QQQY:
-0.12
QDTE:
1.09
QQQY:
0.98
QDTE:
0.34
QQQY:
-0.18
QDTE:
1.26
QQQY:
-0.57
QDTE:
6.18%
QQQY:
5.88%
QDTE:
21.76%
QQQY:
17.62%
QDTE:
-22.86%
QQQY:
-19.04%
QDTE:
-17.49%
QQQY:
-16.47%
Returns By Period
The year-to-date returns for both investments are quite close, with QDTE having a -12.55% return and QQQY slightly higher at -12.19%.
QDTE
-12.55%
-11.79%
-10.48%
5.91%
N/A
N/A
QQQY
-12.19%
-10.38%
-13.46%
-4.56%
N/A
N/A
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QDTE vs. QQQY - Expense Ratio Comparison
QDTE has a 0.95% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Risk-Adjusted Performance
QDTE vs. QQQY — Risk-Adjusted Performance Rank
QDTE
QQQY
QDTE vs. QQQY - 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 Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.
Dividends
QDTE vs. QQQY - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 49.26%, less than QQQY's 92.79% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 49.26% | 32.10% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 92.79% | 83.34% | 20.64% |
Drawdowns
QDTE vs. QQQY - Drawdown Comparison
The maximum QDTE drawdown since its inception was -22.86%, which is greater than QQQY's maximum drawdown of -19.04%. Use the drawdown chart below to compare losses from any high point for QDTE and QQQY. For additional features, visit the drawdowns tool.
Volatility
QDTE vs. QQQY - Volatility Comparison
Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) has a higher volatility of 13.09% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 11.06%. This indicates that QDTE's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.