Correlation
The correlation between QDTE and QYLD is 0.87, 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.
QDTE vs. QYLD
Compare and contrast key facts about Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) and Global X NASDAQ 100 Covered Call ETF (QYLD).
QDTE and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QDTE or QYLD.
Performance
QDTE vs. QYLD - Performance Comparison
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Key characteristics
QDTE:
0.53
QYLD:
0.30
QDTE:
0.83
QYLD:
0.59
QDTE:
1.12
QYLD:
1.10
QDTE:
0.53
QYLD:
0.32
QDTE:
1.70
QYLD:
1.09
QDTE:
7.15%
QYLD:
5.50%
QDTE:
22.13%
QYLD:
19.19%
QDTE:
-22.86%
QYLD:
-24.75%
QDTE:
-7.59%
QYLD:
-9.73%
Returns By Period
In the year-to-date period, QDTE achieves a -2.06% return, which is significantly higher than QYLD's -5.65% return.
QDTE
-2.06%
10.48%
-3.75%
11.67%
N/A
N/A
N/A
QYLD
-5.65%
1.76%
-3.65%
5.71%
9.42%
7.96%
7.63%
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QDTE vs. QYLD - Expense Ratio Comparison
QDTE has a 0.95% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
QDTE vs. QYLD — Risk-Adjusted Performance Rank
QDTE
QYLD
QDTE vs. QYLD - 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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.
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Dividends
QDTE vs. QYLD - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 44.38%, more than QYLD's 13.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 44.38% | 32.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.79% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
QDTE vs. QYLD - Drawdown Comparison
The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum QYLD drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for QDTE and QYLD.
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Volatility
QDTE vs. QYLD - Volatility Comparison
Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) has a higher volatility of 5.31% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.89%. This indicates that QDTE's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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