QDTE vs. XOMO

Last updated Aug 4, 2026

QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and XOMO (YieldMax XOM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, QDTE returned 26.26% vs 29.81% for XOMO. Their -0.06 correlation means they have often moved in opposite directions in the past. QDTE charges 0.95%/yr vs 1.01%/yr for XOMO.

Performance

QDTE vs. XOMO - 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 YieldMax XOM Option Income Strategy ETF (XOMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTE achieves a 11.57% return, which is significantly lower than XOMO's 20.15% return.

QDTE

• 1D: 0.94%
• 1M: -0.61%
• 6M: 9.13%
• YTD: 11.57%
• 1Y: 26.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.27%

XOMO

• 1D: -0.09%
• 1M: 10.85%
• 6M: 7.87%
• YTD: 20.15%
• 1Y: 29.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.81%

*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	$18.24M	$19.80M
XOMO YieldMax XOM Option Income Strategy ETF	$559.24K	$694.66K	$715.05K

QDTE vs. XOMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	11.57%	19.32%	17.13%
XOMO YieldMax XOM Option Income Strategy ETF	20.15%	6.90%	1.11%

Correlation

The correlation between QDTE and XOMO is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.24
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	-0.06

The correlation between QDTE and XOMO shifts across timeframes, from -0.24 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QDTE vs. XOMO — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 64
QDTE Sharpe Ratio Rank: 62
QDTE Sortino Ratio Rank: 56
QDTE Omega Ratio Rank: 58
QDTE Calmar Ratio Rank: 73
QDTE Martin Ratio Rank: 70

XOMO

XOMO Risk / Return Rank: 52
XOMO Sharpe Ratio Rank: 59
XOMO Sortino Ratio Rank: 55
XOMO Omega Ratio Rank: 57
XOMO Calmar Ratio Rank: 46
XOMO Martin Ratio Rank: 40

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. XOMO - 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 YieldMax XOM Option Income Strategy ETF (XOMO). 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	XOMO	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.45	+0.02
Sortino ratio: Return per unit of downside risk	1.98	1.96	+0.01
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	2.59	1.74	+0.85
Martin ratio: Return relative to average drawdown	8.76	4.35	+4.42

QDTE vs. XOMO - Sharpe Ratio Comparison

The current QDTE Sharpe Ratio is 1.47, which is comparable to the XOMO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of QDTE and XOMO, 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. XOMO - Drawdown Comparison

The maximum QDTE drawdown since its inception was -22.86%, which is greater than XOMO's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for QDTE and XOMO.

Drawdown Indicators

	QDTE	XOMO	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-18.90%	-3.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-17.25%	+7.05%
Current Drawdown Current decline from peak	-4.45%	-7.65%	+3.20%
Average Drawdown Average peak-to-trough decline	-3.17%	-7.50%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	6.89%	-3.89%

Volatility

QDTE vs. XOMO - Volatility Comparison

Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a higher volatility of 6.69% compared to YieldMax XOM Option Income Strategy ETF (XOMO) at 6.21%. This indicates that QDTE's price experiences larger fluctuations and is considered to be riskier than XOMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTE	XOMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	6.21%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	14.76%	17.24%	-2.48%
Volatility (1Y) Calculated over the trailing 1-year period	17.99%	20.67%	-2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	19.19%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	19.19%	-0.02%

QDTE vs. XOMO - Expense Ratio Comparison

QDTE has a 0.95% expense ratio, which is lower than XOMO's 1.01% expense ratio.

Dividends

QDTE vs. XOMO - Dividend Comparison

QDTE's dividend yield for the trailing twelve months is around 45.98%, more than XOMO's 37.07% yield.

Position	TTM	2025	2024	2023
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	45.98%	49.49%	32.09%	0.00%
XOMO YieldMax XOM Option Income Strategy ETF	37.07%	31.64%	26.94%	5.13%

Frequently Asked Questions

Can I hold both QDTE and XOMO in my portfolio?

QDTE and XOMO have a correlation of -0.24, 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 XOMO?

QDTE has higher volatility (6.69%) compared to XOMO (6.21%). In terms of maximum drawdown, QDTE dropped -22.86% vs XOMO's -18.90%.

Which ETF is better, QDTE or XOMO?

On 1-year performance, XOMO leads with 29.81% vs 26.26% for QDTE. On fees, QDTE is cheaper at 0.95% per year. On volatility, XOMO has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTE or XOMO?

Over the 1-year period, XOMO has performed better with a 29.81% return vs 26.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTE or XOMO?

QDTE is cheaper with a 0.95% expense ratio, compared with 1.01% for XOMO.

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

QDTE has the higher dividend yield at 45.98%, compared with 37.07% for XOMO.

What is the main difference between QDTE and XOMO?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.95% for QDTE and 1.01% for XOMO.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.47 vs 1.45), 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.