RDTE vs. QQQ
Compare and contrast key facts about Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) and Invesco QQQ (QQQ).
RDTE and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RDTE or QQQ.
Correlation
The correlation between RDTE and QQQ is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RDTE vs. QQQ - Performance Comparison
Key characteristics
RDTE:
17.93%
QQQ:
18.27%
RDTE:
-8.19%
QQQ:
-82.98%
RDTE:
-3.01%
QQQ:
0.00%
Returns By Period
In the year-to-date period, RDTE achieves a 3.86% return, which is significantly lower than QQQ's 5.50% return.
RDTE
3.86%
1.32%
N/A
N/A
N/A
N/A
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
RDTE vs. QQQ - Expense Ratio Comparison
RDTE has a 0.95% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RDTE vs. QQQ — Risk-Adjusted Performance Rank
RDTE
QQQ
RDTE vs. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
RDTE's dividend yield for the trailing twelve months is around 16.06%, more than QQQ's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF | 16.06% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
RDTE vs. QQQ - Drawdown Comparison
The maximum RDTE drawdown since its inception was -8.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RDTE and QQQ. For additional features, visit the drawdowns tool.
Volatility
RDTE vs. QQQ - Volatility Comparison
The current volatility for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) is 3.82%, while Invesco QQQ (QQQ) has a volatility of 4.92%. This indicates that RDTE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.