RDTE vs. HOOY

Last updated Jun 14, 2026

RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) and HOOY (YieldMax HOOD Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, RDTE returned 29.53% vs 16.41% for HOOY. A 0.54 correlation means they provide meaningful diversification when combined. RDTE charges 0.95%/yr vs 0.99%/yr for HOOY.

Performance

RDTE vs. HOOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) and YieldMax HOOD Option Income Strategy ETF (HOOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTE achieves a 14.54% return, which is significantly higher than HOOY's -13.15% return.

RDTE

• 1D: 0.98%
• 1M: 3.69%
• YTD: 14.54%
• 6M: 12.22%
• 1Y: 29.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOY

• 1D: 0.37%
• 1M: 14.61%
• YTD: -13.15%
• 6M: -15.59%
• 1Y: 16.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDTE vs. HOOY - Yearly Performance Comparison

	2026 (YTD)	2025
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	14.54%	22.38%
HOOY YieldMax HOOD Option Income Strategy ETF	-13.15%	67.41%

Correlation

The correlation between RDTE and HOOY is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since May 8, 2025	0.54

The correlation between RDTE and HOOY has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

Return for Risk

RDTE vs. HOOY — Risk / Return Rank

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

RDTE

RDTE Risk / Return Rank: 57
RDTE Sharpe Ratio Rank: 53
RDTE Sortino Ratio Rank: 50
RDTE Omega Ratio Rank: 48
RDTE Calmar Ratio Rank: 68
RDTE Martin Ratio Rank: 65

HOOY

HOOY Risk / Return Rank: 14
HOOY Sharpe Ratio Rank: 14
HOOY Sortino Ratio Rank: 16
HOOY Omega Ratio Rank: 17
HOOY Calmar Ratio Rank: 13
HOOY Martin Ratio Rank: 12

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.

RDTE vs. HOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) and YieldMax HOOD Option Income Strategy ETF (HOOY). 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	HOOY	Difference
Sharpe ratio: Return per unit of total volatility	1.59	0.26	+1.33
Sortino ratio: Return per unit of downside risk	2.18	0.75	+1.44
Omega ratio: Gain probability vs. loss probability	1.27	1.09	+0.18
Calmar ratio: Return relative to maximum drawdown	2.98	0.28	+2.70
Martin ratio: Return relative to average drawdown	10.33	0.50	+9.83

RDTE vs. HOOY - Sharpe Ratio Comparison

The current RDTE Sharpe Ratio is 1.59, which is higher than the HOOY Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of RDTE and HOOY, 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. HOOY - Drawdown Comparison

The maximum RDTE drawdown since its inception was -24.32%, smaller than the maximum HOOY drawdown of -51.54%. Use the drawdown chart below to compare losses from any high point for RDTE and HOOY.

Drawdown Indicators

	RDTE	HOOY	Difference
Max Drawdown Largest peak-to-trough decline	-24.32%	-51.54%	+27.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-51.54%	+42.37%
Current Drawdown Current decline from peak	0.00%	-35.28%	+35.28%
Average Drawdown Average peak-to-trough decline	-4.61%	-20.56%	+15.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	28.94%	-26.29%

Volatility

RDTE vs. HOOY - Volatility Comparison

The current volatility for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) is 6.32%, while YieldMax HOOD Option Income Strategy ETF (HOOY) has a volatility of 17.45%. This indicates that RDTE experiences smaller price fluctuations and is considered to be less risky than HOOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTE	HOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	17.45%	-11.13%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	42.40%	-29.34%
Volatility (1Y) Calculated over the trailing 1-year period	17.22%	55.83%	-38.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.32%	54.40%	-35.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	54.40%	-35.08%

RDTE vs. HOOY - Expense Ratio Comparison

RDTE has a 0.95% expense ratio, which is lower than HOOY's 0.99% expense ratio.

Dividends

RDTE vs. HOOY - Dividend Comparison

RDTE's dividend yield for the trailing twelve months is around 45.06%, less than HOOY's 155.65% yield.

Position	TTM	2025	2024
HOOY YieldMax HOOD Option Income Strategy ETF	155.65%	82.87%	0.00%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	45.06%	50.16%	10.70%

Frequently Asked Questions

Can I hold both RDTE and HOOY in my portfolio?

RDTE and HOOY have a correlation of 0.55, 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 HOOY?

HOOY has higher volatility (17.45%) compared to RDTE (6.32%). In terms of maximum drawdown, RDTE dropped -24.32% vs HOOY's -51.54%.

Which ETF is better, RDTE or HOOY?

On 1-year performance, RDTE leads with 29.53% vs 16.41% for HOOY. On fees, RDTE is cheaper at 0.95% per year. On volatility, RDTE has been the lower-risk option at 6.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTE or HOOY?

Over the 1-year period, RDTE has performed better with a 29.53% return vs 16.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTE or HOOY?

RDTE is cheaper with a 0.95% expense ratio, compared with 0.99% for HOOY.

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

HOOY has the higher dividend yield at 155.65%, compared with 45.06% for RDTE.

What is the main difference between RDTE and HOOY?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.95% for RDTE and 0.99% for HOOY.

Which has better risk-adjusted returns?

RDTE currently has the higher Sharpe Ratio (1.59 vs 0.26), 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.