QTOC vs. QDTE

Last updated Jun 4, 2026

QTOC (Innovator Growth Accelerated Plus ETF - October) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - QTOC is a Options Trading fund actively managed by Innovator, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QTOC returned 22.99% vs 40.36% for QDTE. Their correlation of 0.87 suggests significant overlap in exposure. QTOC charges 0.79%/yr vs 0.97%/yr for QDTE.

Performance

QTOC vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - October (QTOC) 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, QTOC achieves a 10.79% return, which is significantly lower than QDTE's 16.58% return.

QTOC

• 1D: -0.08%
• 1M: 3.29%
• YTD: 10.79%
• 6M: 10.99%
• 1Y: 22.99%
• 3Y*: 19.15%
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.16%
• 1M: 8.99%
• YTD: 16.58%
• 6M: 16.20%
• 1Y: 40.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTOC vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTOC Innovator Growth Accelerated Plus ETF - October	10.79%	16.79%	10.55%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.58%	19.32%	16.07%

Correlation

The correlation between QTOC and QDTE is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.87

The correlation between QTOC and QDTE has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

QTOC vs. QDTE - Sectors Allocation Comparison

Sectors	QTOC	QDTE
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%	-
Financial Services	0.2%	5.4%
Real Estate	0.1%	-

Return for Risk

QTOC vs. QDTE — Risk / Return Rank

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

QTOC

QTOC Risk / Return Rank: 58
QTOC Sharpe Ratio Rank: 55
QTOC Sortino Ratio Rank: 56
QTOC Omega Ratio Rank: 65
QTOC Calmar Ratio Rank: 49
QTOC Martin Ratio Rank: 65

QDTE

QDTE Risk / Return Rank: 78
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 76
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

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.

QTOC vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - October (QTOC) 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.

	QTOC	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.74	-0.89
Sortino ratio: Return per unit of downside risk	2.66	3.49	-0.84
Omega ratio: Gain probability vs. loss probability	1.39	1.47	-0.09
Calmar ratio: Return relative to maximum drawdown	2.40	3.98	-1.58
Martin ratio: Return relative to average drawdown	11.68	16.08	-4.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTOC vs. QDTE - Sharpe Ratio Comparison

The current QTOC Sharpe Ratio is 1.85, which is lower than the QDTE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of QTOC 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

	QTOC	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.74	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.30	-0.81

Drawdowns

QTOC vs. QDTE - Drawdown Comparison

The maximum QTOC drawdown since its inception was -33.43%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for QTOC and QDTE.

Drawdown Indicators

	QTOC	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-33.43%	-22.86%	-10.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-10.20%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-21.24%	—	—
Current Drawdown Current decline from peak	-0.16%	-0.16%	0.00%
Average Drawdown Average peak-to-trough decline	-8.50%	-3.14%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.52%	-0.55%

Volatility

QTOC vs. QDTE - Volatility Comparison

The current volatility for Innovator Growth Accelerated Plus ETF - October (QTOC) is 1.26%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 3.75%. This indicates that QTOC experiences smaller price fluctuations and is considered to be less risky than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTOC	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	3.75%	-2.49%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	11.01%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	14.81%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	18.43%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	18.43%	+1.34%

QTOC vs. QDTE - Expense Ratio Comparison

QTOC has a 0.79% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

QTOC vs. QDTE - Dividend Comparison

QTOC has not paid dividends to shareholders, while QDTE's dividend yield for the trailing twelve months is around 42.16%.

Position	TTM	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	42.16%	49.49%	32.09%
QTOC Innovator Growth Accelerated Plus ETF - October	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QTOC and QDTE in my portfolio?

QTOC and QDTE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTOC or QDTE?

QDTE has higher volatility (3.75%) compared to QTOC (1.26%). In terms of maximum drawdown, QTOC dropped -33.43% vs QDTE's -22.86%.

Which ETF is better, QTOC or QDTE?

On 1-year performance, QDTE leads with 40.36% vs 22.99% for QTOC. On fees, QTOC is cheaper at 0.79% per year. On volatility, QTOC has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTOC or QDTE?

Over the 1-year period, QDTE has performed better with a 40.36% return vs 22.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTOC or QDTE?

QTOC is cheaper with a 0.79% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 42.16%, compared with 0.00% for QTOC.

What is the main difference between QTOC and QDTE?

QTOC is categorized as Options Trading, while QDTE is Derivative Income. They also come from different issuers: Innovator and Roundhill. Their fees differ too: 0.79% for QTOC and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.74 vs 1.85), 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.