RDTE vs. BUCK

Last updated Aug 4, 2026

RDTE (Roundhill Russell 2000 0DTE Covered Call Strategy ETF) and BUCK (Simplify Treasury Option Income ETF) are both exchange-traded funds - RDTE is a Derivative Income fund actively managed by Roundhill, while BUCK is a Government Bonds fund actively managed by Simplify. Both are actively managed. Over the past year, RDTE returned 31.52% vs 5.54% for BUCK. Their 0.14 correlation means their historical movements had little consistent relationship. RDTE charges 0.97%/yr vs 0.35%/yr for BUCK.

Performance

RDTE vs. BUCK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) and Simplify Treasury Option Income ETF (BUCK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTE achieves a 19.71% return, which is significantly higher than BUCK's 2.60% return.

RDTE

• 1D: 1.29%
• 1M: 1.03%
• 6M: 14.10%
• YTD: 19.71%
• 1Y: 31.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.31%

BUCK

• 1D: 0.17%
• 1M: 0.34%
• 6M: 1.97%
• YTD: 2.60%
• 1Y: 5.54%
• 3Y*: 5.24%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUCK Simplify Treasury Option Income ETF	$3.71M	$3.67M	$3.97M
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	$2.49M	$2.79M	$2.91M

RDTE vs. BUCK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	19.71%	9.46%	8.32%
BUCK Simplify Treasury Option Income ETF	2.60%	4.13%	1.84%

Correlation

The correlation between RDTE and BUCK is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.08
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.14

Return for Risk

RDTE vs. BUCK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RDTE

RDTE Risk / Return Rank: 81
RDTE Sharpe Ratio Rank: 80
RDTE Sortino Ratio Rank: 78
RDTE Omega Ratio Rank: 75
RDTE Calmar Ratio Rank: 86
RDTE Martin Ratio Rank: 85

BUCK

BUCK Risk / Return Rank: 93
BUCK Sharpe Ratio Rank: 90
BUCK Sortino Ratio Rank: 90
BUCK Omega Ratio Rank: 92
BUCK Calmar Ratio Rank: 96
BUCK Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RDTE vs. BUCK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) and Simplify Treasury Option Income ETF (BUCK). 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.

	RDTE	BUCK	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.26	-0.39
Sortino ratio: Return per unit of downside risk	2.56	3.23	-0.67
Omega ratio: Gain probability vs. loss probability	1.32	1.47	-0.15
Calmar ratio: Return relative to maximum drawdown	3.45	6.65	-3.19
Martin ratio: Return relative to average drawdown	12.11	31.30	-19.19

RDTE vs. BUCK - Sharpe Ratio Comparison

The current RDTE Sharpe Ratio is 1.87, which is comparable to the BUCK Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of RDTE and BUCK, 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

RDTE vs. BUCK - Drawdown Comparison

The maximum RDTE drawdown since its inception was -24.32%, which is greater than BUCK's maximum drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for RDTE and BUCK.

Drawdown Indicators

	RDTE	BUCK	Difference
Max Drawdown Largest peak-to-trough decline	-24.32%	-5.43%	-18.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-0.84%	-8.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.43%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.33%	-0.47%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	0.18%	+2.43%

Volatility

RDTE vs. BUCK - Volatility Comparison

Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) has a higher volatility of 3.83% compared to Simplify Treasury Option Income ETF (BUCK) at 0.42%. This indicates that RDTE's price experiences larger fluctuations and is considered to be riskier than BUCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTE	BUCK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	0.42%	+3.41%
Volatility (6M) Calculated over the trailing 6-month period	12.94%	1.25%	+11.69%
Volatility (1Y) Calculated over the trailing 1-year period	16.97%	2.47%	+14.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.94%	3.42%	+15.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.94%	3.42%	+15.52%

RDTE vs. BUCK - Expense Ratio Comparison

RDTE has a 0.97% expense ratio, which is higher than BUCK's 0.35% expense ratio.

Dividends

RDTE vs. BUCK - Dividend Comparison

RDTE's dividend yield for the trailing twelve months is around 43.76%, more than BUCK's 7.19% yield.

Position	TTM	2025	2024	2023	2022
BUCK Simplify Treasury Option Income ETF	7.19%	7.59%	8.84%	4.84%	0.59%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	43.76%	50.16%	10.70%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDTE and BUCK in my portfolio?

RDTE and BUCK have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTE or BUCK?

RDTE has higher volatility (3.83%) compared to BUCK (0.42%). In terms of maximum drawdown, RDTE dropped -24.32% vs BUCK's -5.43%.

Which ETF is better, RDTE or BUCK?

On 1-year performance, RDTE leads with 31.52% vs 5.54% for BUCK. On fees, BUCK is cheaper at 0.35% per year. On volatility, BUCK has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTE or BUCK?

Over the 1-year period, RDTE has performed better with a 31.52% return vs 5.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTE or BUCK?

BUCK is cheaper with a 0.35% expense ratio, compared with 0.97% for RDTE.

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

RDTE has the higher dividend yield at 43.76%, compared with 7.19% for BUCK.

What is the main difference between RDTE and BUCK?

RDTE is categorized as Derivative Income, while BUCK is Government Bonds. They also come from different issuers: Roundhill and Simplify. Their fees differ too: 0.97% for RDTE and 0.35% for BUCK.

Which has better risk-adjusted returns?

BUCK currently has the higher Sharpe Ratio (2.26 vs 1.87), 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.