QQQT vs. QDTE

Last updated Jun 3, 2026

QQQT (Defiance Nasdaq 100 Income Target ETF) and QDTE (Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - QQQT is a Nasdaq-100 fund actively managed by Defiance, while QDTE is a Large Cap Blend Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, QQQT returned 35.65% vs 41.61% for QDTE. With a 0.95 correlation, they move nearly in lockstep. QQQT charges 1.05%/yr vs 0.95%/yr for QDTE.

Performance

QQQT vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 Income Target ETF (QQQT) and Roundhill ETF Trust - Roundhill N-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, QQQT achieves a 19.80% return, which is significantly higher than QDTE's 16.76% return.

QQQT

• 1D: 0.21%
• 1M: 10.10%
• YTD: 19.80%
• 6M: 18.06%
• 1Y: 35.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 0.28%
• 1M: 9.07%
• YTD: 16.76%
• 6M: 16.74%
• 1Y: 41.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQT vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQT Defiance Nasdaq 100 Income Target ETF	19.80%	14.04%	4.51%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	16.76%	19.32%	9.17%

Correlation

The correlation between QQQT 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 Jun 24, 2024	0.95

The correlation between QQQT and QDTE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

QQQT vs. QDTE - Sectors Allocation Comparison

Sectors	QQQT	QDTE
Financial Services	99.8%	5.4%
Technology	54.2%	-
Communication Services	15.5%	-
Consumer Cyclical	12.2%	-
Consumer Defensive	7.6%	-
Healthcare	4.2%	-
Industrials	2.8%	-
Utilities	1.4%	-
Basic Materials	1.2%	-
Energy	0.6%	-
Real Estate	0.1%	-

Return for Risk

QQQT vs. QDTE — Risk / Return Rank

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

QQQT

QQQT Risk / Return Rank: 67
QQQT Sharpe Ratio Rank: 74
QQQT Sortino Ratio Rank: 71
QQQT Omega Ratio Rank: 75
QQQT Calmar Ratio Rank: 57
QQQT Martin Ratio Rank: 56

QDTE

QDTE Risk / Return Rank: 81
QDTE Sharpe Ratio Rank: 85
QDTE Sortino Ratio Rank: 79
QDTE Omega Ratio Rank: 80
QDTE Calmar Ratio Rank: 80
QDTE Martin Ratio Rank: 83

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.

QQQT vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Income Target ETF (QQQT) and Roundhill ETF Trust - Roundhill N-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.

	QQQT	QDTE	Difference
Sharpe ratio Return per unit of total volatility	2.45	2.82	-0.37
Sortino ratio Return per unit of downside risk	3.29	3.58	-0.30
Omega ratio Gain probability vs. loss probability	1.45	1.49	-0.04
Calmar ratio Return relative to maximum drawdown	2.87	4.17	-1.30
Martin ratio Return relative to average drawdown	10.08	16.89	-6.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQT vs. QDTE - Sharpe Ratio Comparison

The current QQQT Sharpe Ratio is 2.45, which is comparable to the QDTE Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of QQQT 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.

Sharpe Ratios by Period

	QQQT	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.82	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.31	-0.31

Drawdowns

QQQT vs. QDTE - Drawdown Comparison

The maximum QQQT drawdown since its inception was -22.50%, roughly equal to the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for QQQT and QDTE.

Drawdown Indicators

	QQQT	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-22.50%	-22.86%	+0.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-10.20%	-2.53%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.02%	-3.15%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.52%	+1.10%

Volatility

QQQT vs. QDTE - Volatility Comparison

Defiance Nasdaq 100 Income Target ETF (QQQT) has a higher volatility of 4.01% compared to Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) at 3.74%. This indicates that QQQT's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	3.74%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	11.02%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	14.81%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	18.45%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	18.45%	+1.81%

QQQT vs. QDTE - Expense Ratio Comparison

QQQT has a 1.05% expense ratio, which is higher than QDTE's 0.95% expense ratio.

Dividends

QQQT vs. QDTE - Dividend Comparison

QQQT's dividend yield for the trailing twelve months is around 19.10%, less than QDTE's 42.10% yield.

Position	TTM	2025	2024
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	42.10%	49.49%	32.09%
QQQT Defiance Nasdaq 100 Income Target ETF	19.10%	21.27%	10.35%

Frequently Asked Questions

Can I hold both QQQT and QDTE in my portfolio?

With a correlation of 0.94, QQQT 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, QQQT or QDTE?

QQQT has higher volatility (4.01%) compared to QDTE (3.74%). In terms of maximum drawdown, QQQT dropped -22.50% vs QDTE's -22.86%.

Which ETF is better, QQQT or QDTE?

On 1-year performance, QDTE leads with 41.61% vs 35.65% for QQQT. On fees, QDTE is cheaper at 0.95% per year. On volatility, QDTE has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQT or QDTE?

Over the 1-year period, QDTE has performed better with a 41.61% return vs 35.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQT or QDTE?

QDTE is cheaper with a 0.95% expense ratio, compared with 1.05% for QQQT.

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

QDTE has the higher dividend yield at 42.10%, compared with 19.10% for QQQT.

What is the main difference between QQQT and QDTE?

QQQT is categorized as Nasdaq-100, while QDTE is Large Cap Blend Equities. They also come from different issuers: Defiance and Roundhill. Their fees differ too: 1.05% for QQQT and 0.95% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.82 vs 2.45), 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.