RDTE vs. IWMY
Compare and contrast key facts about Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY).
RDTE and IWMY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RDTE is an actively managed fund by Roundhill. It was launched on Sep 9, 2024. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RDTE or IWMY.
Correlation
The correlation between RDTE and IWMY is 0.94, 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
RDTE vs. IWMY - Performance Comparison
Key characteristics
RDTE:
18.93%
IWMY:
14.06%
RDTE:
-14.01%
IWMY:
-8.24%
RDTE:
-12.63%
IWMY:
-8.05%
Returns By Period
In the year-to-date period, RDTE achieves a -6.44% return, which is significantly lower than IWMY's -2.57% return.
RDTE
-6.44%
-5.24%
-3.87%
N/A
N/A
N/A
IWMY
-2.57%
-4.14%
-4.23%
2.48%
N/A
N/A
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RDTE vs. IWMY - Expense Ratio Comparison
RDTE has a 0.95% expense ratio, which is lower than IWMY's 0.99% expense ratio.
Risk-Adjusted Performance
RDTE vs. IWMY — Risk-Adjusted Performance Rank
RDTE
IWMY
RDTE vs. IWMY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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
RDTE vs. IWMY - Dividend Comparison
RDTE's dividend yield for the trailing twelve months is around 22.35%, less than IWMY's 97.56% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF | 22.35% | 10.70% | 0.00% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 97.56% | 107.92% | 11.34% |
Drawdowns
RDTE vs. IWMY - Drawdown Comparison
The maximum RDTE drawdown since its inception was -14.01%, which is greater than IWMY's maximum drawdown of -8.24%. Use the drawdown chart below to compare losses from any high point for RDTE and IWMY. For additional features, visit the drawdowns tool.
Volatility
RDTE vs. IWMY - Volatility Comparison
Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) has a higher volatility of 6.02% compared to Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) at 4.37%. This indicates that RDTE's price experiences larger fluctuations and is considered to be riskier than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.