QDTE vs. RCL
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill, while RCL (Royal Caribbean Cruises Ltd.) is a stock. Over the past year, QDTE returned 24.69% vs -16.87% for RCL. At a 0.46 correlation, their price movements are largely independent.
Performance
QDTE vs. RCL - Performance Comparison
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Returns By Period
In the year-to-date period, QDTE achieves a 11.03% return, which is significantly higher than RCL's 3.68% return.
QDTE
- 1D
- 0.31%
- 1M
- -4.51%
- 6M
- 9.76%
- YTD
- 11.03%
- 1Y
- 24.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.39%
RCL
- 1D
- -0.28%
- 1M
- -8.43%
- 6M
- 4.77%
- YTD
- 3.68%
- 1Y
- -16.87%
- 3Y*
- 42.18%
- 5Y*
- 30.12%
- 10Y*
- 15.99%
- ALL TIME*
- 12.50%
QDTE vs. RCL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 11.03% | 19.32% | 17.13% |
RCL Royal Caribbean Cruises Ltd. | 3.68% | 22.46% | 82.49% |
Correlation
The correlation between QDTE and RCL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.46 |
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Return for Risk
QDTE vs. RCL — Risk / Return Rank
QDTE
RCL
QDTE vs. RCL - 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 Royal Caribbean Cruises Ltd. (RCL). 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 | RCL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.97 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | -0.52 | +2.95 |
| Martin ratioReturn relative to average drawdown | 8.94 | -0.85 | +9.79 |
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Drawdowns
QDTE vs. RCL - Drawdown Comparison
The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum RCL drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for QDTE and RCL.
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Drawdown Indicators
| QDTE | RCL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.86% | -89.49% | +66.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -32.36% | +22.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.30% | — |
Current DrawdownCurrent decline from peak | -4.91% | -20.44% | +15.53% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -27.73% | +24.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 19.85% | -17.08% |
Volatility
QDTE vs. RCL - Volatility Comparison
The current volatility for Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) is 7.01%, while Royal Caribbean Cruises Ltd. (RCL) has a volatility of 10.01%. This indicates that QDTE experiences smaller price fluctuations and is considered to be less risky than RCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDTE | RCL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 10.01% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 37.58% | -23.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 47.08% | -29.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 48.39% | -29.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 53.32% | -34.26% |
Dividends
QDTE vs. RCL - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 45.99%, more than RCL's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 45.99% | 49.49% | 32.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RCL Royal Caribbean Cruises Ltd. | 1.75% | 1.25% | 0.41% | 0.00% | 0.00% | 0.00% | 1.04% | 2.22% | 2.66% | 1.81% | 2.08% | 1.33% |
Frequently Asked Questions
QDTE and RCL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCL has higher volatility (10.01%) compared to QDTE (7.01%). In terms of maximum drawdown, QDTE dropped -22.86% vs RCL's -89.49%.
QDTE currently has the higher Sharpe Ratio (1.42 vs -0.36), 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.
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