QDTE vs. YMAX
Compare and contrast key facts about Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) and YieldMax Universe Fund of Option Income ETFs (YMAX).
QDTE and YMAX 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. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QDTE or YMAX.
Key characteristics
| QDTE | YMAX | |
|---|---|---|
| Daily Std Dev | 17.70% | 18.47% |
| Max Drawdown | -10.74% | -12.78% |
| Current Drawdown | -2.30% | -6.93% |
Correlation
The correlation between QDTE and YMAX is 0.84, 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.
Performance
QDTE vs. YMAX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QDTE vs. YMAX - Expense Ratio Comparison
QDTE has a 0.95% expense ratio, which is lower than YMAX's 1.28% expense ratio.
Risk-Adjusted Performance
QDTE vs. YMAX - 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 YieldMax Universe Fund of Option Income ETFs (YMAX). 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.
Not enough dataDividends
QDTE vs. YMAX - Dividend Comparison
QDTE's dividend yield for the trailing twelve months is around 19.64%, less than YMAX's 26.51% yield.
Drawdowns
QDTE vs. YMAX - Drawdown Comparison
The maximum QDTE drawdown since its inception was -10.74%, smaller than the maximum YMAX drawdown of -12.78%. Use the drawdown chart below to compare losses from any high point for QDTE and YMAX. For additional features, visit the drawdowns tool.
Volatility
QDTE vs. YMAX - Volatility Comparison
The current volatility for Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) is 5.41%, while YieldMax Universe Fund of Option Income ETFs (YMAX) has a volatility of 5.80%. This indicates that QDTE experiences smaller price fluctuations and is considered to be less risky than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.