QDTY vs. QDTE

Last updated Jun 24, 2026

QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - QDTY is a Nasdaq-100 fund actively managed by YieldMax, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QDTY returned 32.82% vs 33.64% for QDTE. Their correlation of 0.93 suggests significant overlap in exposure. QDTY charges 1.01%/yr vs 0.97%/yr for QDTE.

Performance

QDTY vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTY achieves a 11.90% return, which is significantly lower than QDTE's 12.61% return.

QDTY

• 1D: -2.95%
• 1M: -0.01%
• YTD: 11.90%
• 6M: 10.72%
• 1Y: 32.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -3.23%
• 1M: -0.17%
• YTD: 12.61%
• 6M: 11.52%
• 1Y: 33.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDTY vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	11.90%	12.21%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.61%	14.65%

Correlation

The correlation between QDTY and QDTE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.93

The correlation between QDTY and QDTE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

QDTY vs. QDTE - Sectors Allocation Comparison

Sectors	QDTY	QDTE
Technology	58.5%	-
Communication Services	14.3%	-
Consumer Cyclical	11.4%	-
Consumer Defensive	6.4%	-
Healthcare	3.7%	-
Industrials	2.8%	-
Utilities	1.2%	-
Basic Materials	1.0%	-
Energy	0.5%	-
Financial Services	0.2%	5.4%
Real Estate	0.1%	-

Return for Risk

QDTY vs. QDTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QDTY

QDTY Risk / Return Rank: 60
QDTY Sharpe Ratio Rank: 61
QDTY Sortino Ratio Rank: 55
QDTY Omega Ratio Rank: 58
QDTY Calmar Ratio Rank: 63
QDTY Martin Ratio Rank: 61

QDTE

QDTE Risk / Return Rank: 64
QDTE Sharpe Ratio Rank: 64
QDTE Sortino Ratio Rank: 56
QDTE Omega Ratio Rank: 62
QDTE Calmar Ratio Rank: 68
QDTE Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QDTY vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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.

	QDTY	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.03	-0.09
Sortino ratio: Return per unit of downside risk	2.52	2.58	-0.06
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio: Return relative to maximum drawdown	2.97	3.31	-0.34
Martin ratio: Return relative to average drawdown	10.47	12.82	-2.35

QDTY vs. QDTE - Sharpe Ratio Comparison

The current QDTY Sharpe Ratio is 1.94, which is comparable to the QDTE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of QDTY and QDTE, 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

QDTY vs. QDTE - Drawdown Comparison

The maximum QDTY drawdown since its inception was -23.45%, roughly equal to the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for QDTY and QDTE.

Drawdown Indicators

	QDTY	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-22.86%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-10.20%	-0.90%
Current Drawdown Current decline from peak	-3.84%	-3.55%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.43%	-3.13%	-1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.63%	+0.51%

Volatility

QDTY vs. QDTE - Volatility Comparison

YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) have volatilities of 8.42% and 8.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDTY	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.42%	8.57%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	13.81%	13.32%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	16.68%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.25%	18.99%	+7.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.25%	18.99%	+7.26%

QDTY vs. QDTE - Expense Ratio Comparison

QDTY has a 1.01% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

QDTY vs. QDTE - Dividend Comparison

QDTY's dividend yield for the trailing twelve months is around 31.83%, less than QDTE's 44.23% yield.

Position	TTM	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.23%	49.49%	32.09%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	31.83%	26.82%	0.00%

Frequently Asked Questions

Can I hold both QDTY and QDTE in my portfolio?

With a correlation of 0.94, QDTY and QDTE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QDTY or QDTE?

QDTE has higher volatility (8.57%) compared to QDTY (8.42%). In terms of maximum drawdown, QDTY dropped -23.45% vs QDTE's -22.86%.

Which ETF is better, QDTY or QDTE?

On 1-year performance, QDTE leads with 33.64% vs 32.82% for QDTY. On fees, QDTE is cheaper at 0.97% per year. On volatility, QDTY has been the lower-risk option at 8.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTY or QDTE?

Over the 1-year period, QDTE has performed better with a 33.64% return vs 32.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTY or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 1.01% for QDTY.

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

QDTE has the higher dividend yield at 44.23%, compared with 31.83% for QDTY.

What is the main difference between QDTY and QDTE?

QDTY is categorized as Nasdaq-100, while QDTE is Derivative Income. They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.01% for QDTY and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.03 vs 1.94), 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.