QDTE vs. RDTE

Last updated Aug 2, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and RDTE (Roundhill Russell 2000 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, QDTE returned 25.08% vs 29.85% for RDTE. Their 0.70 correlation means they have sometimes moved together and sometimes differently. QDTE charges 0.95%/yr vs 0.97%/yr for RDTE.

Performance

QDTE vs. RDTE - 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 Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTE achieves a 10.53% return, which is significantly lower than RDTE's 18.19% return.

QDTE

• 1D: 0.81%
• 1M: -1.54%
• 6M: 8.89%
• YTD: 10.53%
• 1Y: 25.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.88%

RDTE

• 1D: -0.35%
• 1M: -0.26%
• 6M: 13.52%
• YTD: 18.19%
• 1Y: 29.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	$17.47M	$18.74M	$19.73M
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	$2.51M	$2.81M	$3.00M

QDTE vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	10.53%	19.32%	11.99%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	18.19%	9.46%	8.32%

Correlation

The correlation between QDTE and RDTE is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.70

The correlation between QDTE and RDTE has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

Return for Risk

QDTE vs. RDTE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QDTE

QDTE Risk / Return Rank: 56
QDTE Sharpe Ratio Rank: 52
QDTE Sortino Ratio Rank: 49
QDTE Omega Ratio Rank: 50
QDTE Calmar Ratio Rank: 65
QDTE Martin Ratio Rank: 64

RDTE

RDTE Risk / Return Rank: 74
RDTE Sharpe Ratio Rank: 72
RDTE Sortino Ratio Rank: 69
RDTE Omega Ratio Rank: 66
RDTE Calmar Ratio Rank: 82
RDTE Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QDTE vs. RDTE - 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 Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE). 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	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.62	-0.36
Sortino ratio: Return per unit of downside risk	1.72	2.25	-0.53
Omega ratio: Gain probability vs. loss probability	1.22	1.28	-0.05
Calmar ratio: Return relative to maximum drawdown	2.23	3.00	-0.78
Martin ratio: Return relative to average drawdown	7.58	10.53	-2.95

QDTE vs. RDTE - Sharpe Ratio Comparison

The current QDTE Sharpe Ratio is 1.26, which is comparable to the RDTE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of QDTE and RDTE, 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. RDTE - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum RDTE drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for QDTE and RDTE.

Drawdown Indicators

	QDTE	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-24.32%	+1.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-9.17%	-1.03%
Current Drawdown Current decline from peak	-5.34%	-0.96%	-4.38%
Average Drawdown Average peak-to-trough decline	-3.17%	-4.34%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.61%	+0.38%

Volatility

QDTE vs. RDTE - Volatility Comparison

Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a higher volatility of 6.78% compared to Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) at 3.63%. This indicates that QDTE's price experiences larger fluctuations and is considered to be riskier than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTE	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	3.63%	+3.15%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	12.97%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	18.06%	17.05%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	18.94%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	18.94%	+0.23%

QDTE vs. RDTE - Expense Ratio Comparison

QDTE has a 0.95% expense ratio, which is lower than RDTE's 0.97% expense ratio.

Dividends

QDTE vs. RDTE - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 46.41%, more than RDTE's 44.32% yield.

Position	TTM	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	46.41%	49.49%	32.09%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	44.32%	50.16%	10.70%

Frequently Asked Questions

Can I hold both QDTE and RDTE in my portfolio?

QDTE and RDTE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QDTE or RDTE?

QDTE has higher volatility (6.78%) compared to RDTE (3.63%). In terms of maximum drawdown, QDTE dropped -22.86% vs RDTE's -24.32%.

Which ETF is better, QDTE or RDTE?

On 1-year performance, RDTE leads with 29.85% vs 25.08% for QDTE. On fees, QDTE is cheaper at 0.95% per year. On volatility, RDTE has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTE or RDTE?

Over the 1-year period, RDTE has performed better with a 29.85% return vs 25.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTE or RDTE?

QDTE is cheaper with a 0.95% expense ratio, compared with 0.97% for RDTE.

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

QDTE has the higher dividend yield at 46.41%, compared with 44.32% for RDTE.

What is the main difference between QDTE and RDTE?

Their fees differ too: 0.95% for QDTE and 0.97% for RDTE.

Which has better risk-adjusted returns?

RDTE currently has the higher Sharpe Ratio (1.62 vs 1.26), 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.