RDTE vs. RDTY

Last updated Jun 3, 2026

RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) and RDTY (YieldMax™ R2000 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, RDTE returned 31.27% vs 27.95% for RDTY. Their correlation of 0.95 suggests significant overlap in exposure. RDTE charges 0.95%/yr vs 1.01%/yr for RDTY.

Performance

RDTE vs. RDTY - 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™ R2000 0DTE Covered Call Strategy ETF (RDTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RDTE having a 13.94% return and RDTY slightly higher at 14.40%.

RDTE

• 1D: 1.11%
• 1M: 2.89%
• YTD: 13.94%
• 6M: 14.87%
• 1Y: 31.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTY

• 1D: 0.85%
• 1M: 3.20%
• YTD: 14.40%
• 6M: 15.10%
• 1Y: 27.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDTE vs. RDTY - Yearly Performance Comparison

	2026 (YTD)	2025
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	13.94%	15.28%
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	14.40%	10.73%

Correlation

The correlation between RDTE and RDTY is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.95

The correlation between RDTE and RDTY has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

RDTE vs. RDTY — Risk / Return Rank

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

RDTE

RDTE Risk / Return Rank: 58
RDTE Sharpe Ratio Rank: 54
RDTE Sortino Ratio Rank: 52
RDTE Omega Ratio Rank: 50
RDTE Calmar Ratio Rank: 69
RDTE Martin Ratio Rank: 66

RDTY

RDTY Risk / Return Rank: 52
RDTY Sharpe Ratio Rank: 47
RDTY Sortino Ratio Rank: 46
RDTY Omega Ratio Rank: 44
RDTY Calmar Ratio Rank: 62
RDTY Martin Ratio Rank: 59

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. RDTY - 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™ R2000 0DTE Covered Call Strategy ETF (RDTY). 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.

	RDTE	RDTY	Difference
Sharpe ratio Return per unit of total volatility	1.88	1.66	+0.23
Sortino ratio Return per unit of downside risk	2.57	2.33	+0.24
Omega ratio Gain probability vs. loss probability	1.32	1.28	+0.03
Calmar ratio Return relative to maximum drawdown	3.49	3.14	+0.35
Martin ratio Return relative to average drawdown	12.17	10.61	+1.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDTE vs. RDTY - Sharpe Ratio Comparison

The current RDTE Sharpe Ratio is 1.88, which is comparable to the RDTY Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of RDTE and RDTY, 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

	RDTE	RDTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	1.66	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.96	+0.06

Drawdowns

RDTE vs. RDTY - Drawdown Comparison

The maximum RDTE drawdown since its inception was -24.32%, which is greater than RDTY's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for RDTE and RDTY.

Drawdown Indicators

	RDTE	RDTY	Difference
Max Drawdown Largest peak-to-trough decline	-24.32%	-17.31%	-7.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-9.20%	+0.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.68%	-2.75%	-1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.72%	-0.09%

Volatility

RDTE vs. RDTY - Volatility Comparison

The current volatility for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) is 4.88%, while YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) has a volatility of 5.92%. This indicates that RDTE experiences smaller price fluctuations and is considered to be less risky than RDTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTE	RDTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	5.92%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	12.34%	12.42%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.68%	16.95%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	22.08%	-2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	22.08%	-2.91%

RDTE vs. RDTY - Expense Ratio Comparison

RDTE has a 0.95% expense ratio, which is lower than RDTY's 1.01% expense ratio.

Dividends

RDTE vs. RDTY - Dividend Comparison

RDTE's dividend yield for the trailing twelve months is around 44.67%, more than RDTY's 42.81% yield.

Position	TTM	2025	2024
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	44.67%	50.16%	10.70%
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	42.81%	36.75%	0.00%

Frequently Asked Questions

Can I hold both RDTE and RDTY in my portfolio?

With a correlation of 0.95, RDTE and RDTY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RDTE or RDTY?

RDTY has higher volatility (5.92%) compared to RDTE (4.88%). In terms of maximum drawdown, RDTE dropped -24.32% vs RDTY's -17.31%.

Which ETF is better, RDTE or RDTY?

On 1-year performance, RDTE leads with 31.27% vs 27.95% for RDTY. On fees, RDTE is cheaper at 0.95% per year. On volatility, RDTE has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTE or RDTY?

Over the 1-year period, RDTE has performed better with a 31.27% return vs 27.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTE or RDTY?

RDTE is cheaper with a 0.95% expense ratio, compared with 1.01% for RDTY.

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

RDTE has the higher dividend yield at 44.67%, compared with 42.81% for RDTY.

What is the main difference between RDTE and RDTY?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.95% for RDTE and 1.01% for RDTY.

Which has better risk-adjusted returns?

RDTE currently has the higher Sharpe Ratio (1.88 vs 1.66), 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.