QQQI vs. RDTE

Last updated Jun 9, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while RDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QQQI returned 25.86% vs 24.27% for RDTE. A 0.71 correlation means they provide meaningful diversification when combined. QQQI charges 0.68%/yr vs 0.95%/yr for RDTE.

Performance

QQQI vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) and Roundhill Small Cap 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, QQQI achieves a 9.93% return, which is significantly lower than RDTE's 10.92% return.

QQQI

• 1D: 1.27%
• 1M: -0.05%
• YTD: 9.93%
• 6M: 9.25%
• 1Y: 25.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: 0.90%
• 1M: -1.67%
• YTD: 10.92%
• 6M: 9.96%
• 1Y: 24.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQI vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	9.93%	18.62%	12.46%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	10.92%	9.46%	8.32%

Correlation

The correlation between QQQI and RDTE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.71

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

QQQI vs. RDTE - Sectors Allocation Comparison

Sectors	QQQI	RDTE
Technology	53.3%	-
Communication Services	15.7%	-
Consumer Cyclical	12.1%	-
Consumer Defensive	7.7%	-
Healthcare	4.3%	-
Industrials	3.3%	-
Utilities	1.5%	-
Basic Materials	1.2%	-
Energy	0.7%	-
Financial Services	0.3%	6.4%
Real Estate	0.1%	-

Return for Risk

QQQI vs. RDTE — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 64
QQQI Sharpe Ratio Rank: 63
QQQI Sortino Ratio Rank: 58
QQQI Omega Ratio Rank: 66
QQQI Calmar Ratio Rank: 60
QQQI Martin Ratio Rank: 71

RDTE

RDTE Risk / Return Rank: 49
RDTE Sharpe Ratio Rank: 45
RDTE Sortino Ratio Rank: 43
RDTE Omega Ratio Rank: 42
RDTE Calmar Ratio Rank: 59
RDTE Martin Ratio Rank: 57

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.

QQQI vs. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) and Roundhill Small Cap 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.

	QQQI	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.43	+0.48
Sortino ratio: Return per unit of downside risk	2.48	1.98	+0.50
Omega ratio: Gain probability vs. loss probability	1.36	1.24	+0.11
Calmar ratio: Return relative to maximum drawdown	2.70	2.66	+0.04
Martin ratio: Return relative to average drawdown	11.98	9.20	+2.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQI vs. RDTE - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 1.91, which is higher than the RDTE Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of QQQI 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.

Sharpe Ratios by Period

	QQQI	RDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	1.43	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	0.90	+0.31

Drawdowns

QQQI vs. RDTE - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, smaller than the maximum RDTE drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for QQQI and RDTE.

Drawdown Indicators

	QQQI	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-24.32%	+4.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-9.17%	-0.44%
Current Drawdown Current decline from peak	-3.26%	-2.65%	-0.61%
Average Drawdown Average peak-to-trough decline	-2.20%	-4.65%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.65%	-0.49%

Volatility

QQQI vs. RDTE - Volatility Comparison

The current volatility for NEOS Nasdaq-100 High Income ETF (QQQI) is 5.07%, while Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) has a volatility of 5.84%. This indicates that QQQI experiences smaller price fluctuations and is considered to be less risky than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQI	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	5.84%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	12.85%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	17.09%	-3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	19.32%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	19.32%	-2.07%

QQQI vs. RDTE - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is lower than RDTE's 0.95% expense ratio.

Dividends

QQQI vs. RDTE - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.61%, less than RDTE's 46.18% yield.

Position	TTM	2025	2024
QQQI NEOS Nasdaq-100 High Income ETF	13.61%	13.82%	12.85%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	46.18%	50.16%	10.70%

Frequently Asked Questions

Can I hold both QQQI and RDTE in my portfolio?

QQQI and RDTE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQI or RDTE?

RDTE has higher volatility (5.84%) compared to QQQI (5.07%). In terms of maximum drawdown, QQQI dropped -20.00% vs RDTE's -24.32%.

Which ETF is better, QQQI or RDTE?

On 1-year performance, QQQI leads with 25.86% vs 24.27% for RDTE. On fees, QQQI is cheaper at 0.68% per year. On volatility, QQQI has been the lower-risk option at 5.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or RDTE?

Over the 1-year period, QQQI has performed better with a 25.86% return vs 24.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or RDTE?

QQQI is cheaper with a 0.68% expense ratio, compared with 0.95% for RDTE.

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

RDTE has the higher dividend yield at 46.18%, compared with 13.61% for QQQI.

What is the main difference between QQQI and RDTE?

QQQI is categorized as Nasdaq-100, while RDTE is Derivative Income. They also come from different issuers: Neos and Roundhill. Their fees differ too: 0.68% for QQQI and 0.95% for RDTE.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (1.91 vs 1.43), 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.