QDTE vs. TOPW
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and TOPW (Roundhill Top WeeklyPay ETF) are both Derivative Income funds. QDTE is actively managed, while TOPW is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. QDTE charges 0.97%/yr vs 0.99%/yr for TOPW.
Performance
QDTE vs. TOPW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QDTE achieves a 12.44% return, which is significantly higher than TOPW's 2.53% return.
QDTE
- 1D
- 1.85%
- 1M
- 0.70%
- YTD
- 12.44%
- 6M
- 11.71%
- 1Y
- 34.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOPW
- 1D
- 0.08%
- 1M
- -5.06%
- YTD
- 2.53%
- 6M
- -5.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDTE vs. TOPW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 12.44% | 8.93% |
TOPW Roundhill Top WeeklyPay ETF | 2.53% | -2.47% |
Correlation
The correlation between QDTE and TOPW is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025 | 0.82 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QDTE vs. TOPW — Risk / Return Rank
QDTE
TOPW
QDTE vs. TOPW - 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 Top WeeklyPay ETF (TOPW). 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.
| QDTE | TOPW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | — | — |
| Martin ratioReturn relative to average drawdown | 13.52 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| QDTE | TOPW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.00 | +1.17 |
Drawdowns
QDTE vs. TOPW - Drawdown Comparison
The maximum QDTE drawdown since its inception was -22.86%, smaller than the maximum TOPW drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for QDTE and TOPW.
Loading charts...
Drawdown Indicators
| QDTE | TOPW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.86% | -29.87% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -14.34% | +10.64% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -12.88% | +9.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | — | — |
Volatility
QDTE vs. TOPW - Volatility Comparison
Loading charts...
Volatility by Period
| QDTE | TOPW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 27.60% | -11.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 27.60% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.72% | 27.60% | -8.88% |
QDTE vs. TOPW - Expense Ratio Comparison
QDTE has a 0.97% expense ratio, which is lower than TOPW's 0.99% expense ratio.
Dividends
QDTE vs. TOPW - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 44.14%, more than TOPW's 42.36% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 44.14% | 49.49% | 32.09% |
TOPW Roundhill Top WeeklyPay ETF | 42.36% | 21.52% | 0.00% |
Frequently Asked Questions
QDTE and TOPW have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for TOPW.
QDTE has the higher dividend yield at 44.14%, compared with 42.36% for TOPW.
They also come from different issuers: Roundhill and Roundhill Investments. Their fees differ too: 0.97% for QDTE and 0.99% for TOPW.
Find the right allocation for QDTE and TOPW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer