QQQT vs. QDTE
Compare and contrast key facts about Defiance Nasdaq 100 Income Target ETF (QQQT) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
QQQT and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQT is an actively managed fund by Defiance. It was launched on Jun 20, 2024. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQT or QDTE.
Correlation
The correlation between QQQT and QDTE is 0.96, 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
QQQT vs. QDTE - Performance Comparison
Key characteristics
QQQT:
18.31%
QDTE:
16.92%
QQQT:
-12.92%
QDTE:
-10.74%
QQQT:
-2.33%
QDTE:
-2.26%
Returns By Period
In the year-to-date period, QQQT achieves a 2.40% return, which is significantly lower than QDTE's 3.58% return.
QQQT
2.40%
-1.17%
8.25%
N/A
N/A
N/A
QDTE
3.58%
-1.37%
11.15%
N/A
N/A
N/A
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QQQT vs. QDTE - Expense Ratio Comparison
QQQT has a 1.05% expense ratio, which is higher than QDTE's 0.95% expense ratio.
Risk-Adjusted Performance
QQQT vs. QDTE - Risk-Adjusted Performance 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.
Not enough dataDividends
QQQT vs. QDTE - Dividend Comparison
QQQT's dividend yield for the trailing twelve months is around 11.97%, less than QDTE's 37.57% yield.
| TTM | 2024 | |
|---|---|---|
QQQT Defiance Nasdaq 100 Income Target ETF | 11.97% | 10.35% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 37.57% | 32.10% |
Drawdowns
QQQT vs. QDTE - Drawdown Comparison
The maximum QQQT drawdown since its inception was -12.92%, which is greater than QDTE's maximum drawdown of -10.74%. Use the drawdown chart below to compare losses from any high point for QQQT and QDTE. For additional features, visit the drawdowns tool.
Volatility
QQQT vs. QDTE - Volatility Comparison
Defiance Nasdaq 100 Income Target ETF (QQQT) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) have volatilities of 4.63% and 4.55%, 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.