RDTE vs. XLK
Compare and contrast key facts about Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) and Technology Select Sector SPDR Fund (XLK).
RDTE and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RDTE or XLK.
Correlation
The correlation between RDTE and XLK is 0.80, 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. XLK - Performance Comparison
Key characteristics
RDTE:
22.92%
XLK:
30.19%
RDTE:
-24.91%
XLK:
-82.05%
RDTE:
-20.44%
XLK:
-15.03%
Returns By Period
In the year-to-date period, RDTE achieves a -14.81% return, which is significantly lower than XLK's -11.50% return.
RDTE
-14.81%
-12.18%
-12.61%
N/A
N/A
N/A
XLK
-11.50%
-5.92%
-10.03%
4.46%
19.37%
18.34%
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RDTE vs. XLK - Expense Ratio Comparison
RDTE has a 0.95% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
RDTE vs. XLK — Risk-Adjusted Performance Rank
RDTE
XLK
RDTE vs. XLK - 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 Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
RDTE's dividend yield for the trailing twelve months is around 26.72%, more than XLK's 0.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF | 26.72% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.76% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
RDTE vs. XLK - Drawdown Comparison
The maximum RDTE drawdown since its inception was -24.91%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for RDTE and XLK. For additional features, visit the drawdowns tool.
Volatility
RDTE vs. XLK - Volatility Comparison
The current volatility for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) is 11.58%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 19.05%. This indicates that RDTE experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.