RDTE vs. TSMY

Last updated Jun 6, 2026

RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, RDTE returned 25.14% vs 79.40% for TSMY. At a 0.47 correlation, their price movements are largely independent. RDTE charges 0.95%/yr vs 0.99%/yr for TSMY.

Performance

RDTE vs. TSMY - 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 TSM Option Income Strategy ETF (TSMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTE achieves a 9.93% return, which is significantly lower than TSMY's 30.41% return.

RDTE

• 1D: -3.48%
• 1M: -3.15%
• YTD: 9.93%
• 6M: 8.91%
• 1Y: 25.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMY

• 1D: -5.99%
• 1M: -1.21%
• YTD: 30.41%
• 6M: 32.21%
• 1Y: 79.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDTE vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	9.93%	9.46%	8.81%
TSMY YieldMax TSM Option Income Strategy ETF	30.41%	41.00%	11.07%

Correlation

The correlation between RDTE and TSMY is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024	0.47

Return for Risk

RDTE vs. TSMY — Risk / Return Rank

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

RDTE

RDTE Risk / Return Rank: 48
RDTE Sharpe Ratio Rank: 44
RDTE Sortino Ratio Rank: 42
RDTE Omega Ratio Rank: 40
RDTE Calmar Ratio Rank: 57
RDTE Martin Ratio Rank: 56

TSMY

TSMY Risk / Return Rank: 83
TSMY Sharpe Ratio Rank: 85
TSMY Sortino Ratio Rank: 76
TSMY Omega Ratio Rank: 77
TSMY Calmar Ratio Rank: 89
TSMY Martin Ratio Rank: 88

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. TSMY - 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 TSM Option Income Strategy ETF (TSMY). 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	TSMY	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.70	-1.23
Sortino ratio: Return per unit of downside risk	2.04	3.31	-1.27
Omega ratio: Gain probability vs. loss probability	1.25	1.44	-0.19
Calmar ratio: Return relative to maximum drawdown	2.76	5.15	-2.39
Martin ratio: Return relative to average drawdown	9.55	19.03	-9.48
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. TSMY - Sharpe Ratio Comparison

The current RDTE Sharpe Ratio is 1.48, which is lower than the TSMY Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of RDTE and TSMY, 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	TSMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	2.70	-1.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.41	-0.54

Drawdowns

RDTE vs. TSMY - Drawdown Comparison

The maximum RDTE drawdown since its inception was -24.32%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for RDTE and TSMY.

Drawdown Indicators

	RDTE	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-24.32%	-31.15%	+6.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-15.50%	+6.33%
Current Drawdown Current decline from peak	-3.52%	-6.14%	+2.62%
Average Drawdown Average peak-to-trough decline	-4.65%	-5.50%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	4.19%	-1.55%

Volatility

RDTE vs. TSMY - Volatility Comparison

The current volatility for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) is 5.89%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 10.36%. This indicates that RDTE experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTE	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	10.36%	-4.47%
Volatility (6M) Calculated over the trailing 6-month period	12.84%	23.56%	-10.72%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	29.51%	-12.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.33%	33.47%	-14.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.33%	33.47%	-14.14%

RDTE vs. TSMY - Expense Ratio Comparison

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

Dividends

RDTE vs. TSMY - Dividend Comparison

RDTE's dividend yield for the trailing twelve months is around 46.59%, less than TSMY's 56.24% yield.

Position	TTM	2025	2024
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	46.59%	50.16%	10.70%
TSMY YieldMax TSM Option Income Strategy ETF	56.24%	56.76%	13.71%

Frequently Asked Questions

Can I hold both RDTE and TSMY in my portfolio?

RDTE and TSMY have a correlation of 0.49, 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 TSMY?

TSMY has higher volatility (10.36%) compared to RDTE (5.89%). In terms of maximum drawdown, RDTE dropped -24.32% vs TSMY's -31.15%.

Which ETF is better, RDTE or TSMY?

On 1-year performance, TSMY leads with 79.40% vs 25.14% for RDTE. On fees, RDTE is cheaper at 0.95% per year. On volatility, RDTE has been the lower-risk option at 5.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTE or TSMY?

Over the 1-year period, TSMY has performed better with a 79.40% return vs 25.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTE or TSMY?

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

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

TSMY has the higher dividend yield at 56.24%, compared with 46.59% for RDTE.

What is the main difference between RDTE and TSMY?

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

Which has better risk-adjusted returns?

TSMY currently has the higher Sharpe Ratio (2.70 vs 1.48), 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.