RDTY vs. RDTE

Last updated Jun 5, 2026

RDTY (YieldMax™ R2000 0DTE Covered Call Strategy ETF) and RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, RDTY returned 25.49% vs 29.84% for RDTE. Their correlation of 0.95 suggests significant overlap in exposure. RDTY charges 1.01%/yr vs 0.95%/yr for RDTE.

Performance

RDTY vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). 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 RDTY having a 13.72% return and RDTE slightly higher at 13.89%.

RDTY

• 1D: 0.72%
• 1M: 1.49%
• YTD: 13.72%
• 6M: 13.39%
• 1Y: 25.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: 1.07%
• 1M: 2.01%
• YTD: 13.89%
• 6M: 12.63%
• 1Y: 29.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDTY vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	13.72%	10.73%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	13.89%	15.28%

Correlation

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

Return for Risk

RDTY vs. RDTE — Risk / Return Rank

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

RDTY

RDTY Risk / Return Rank: 48
RDTY Sharpe Ratio Rank: 44
RDTY Sortino Ratio Rank: 43
RDTY Omega Ratio Rank: 40
RDTY Calmar Ratio Rank: 57
RDTY Martin Ratio Rank: 55

RDTE

RDTE Risk / Return Rank: 57
RDTE Sharpe Ratio Rank: 53
RDTE Sortino Ratio Rank: 51
RDTE Omega Ratio Rank: 48
RDTE Calmar Ratio Rank: 67
RDTE Martin Ratio Rank: 64

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.

RDTY vs. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). 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.

	RDTY	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.79	-0.28
Sortino ratio: Return per unit of downside risk	2.15	2.46	-0.32
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	2.78	3.27	-0.49
Martin ratio: Return relative to average drawdown	9.38	11.37	-2.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDTY vs. RDTE - Sharpe Ratio Comparison

The current RDTY Sharpe Ratio is 1.51, which is comparable to the RDTE Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of RDTY and RDTE, 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

	RDTY	RDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	1.79	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	1.01	-0.09

Drawdowns

RDTY vs. RDTE - Drawdown Comparison

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

Drawdown Indicators

	RDTY	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-24.32%	+7.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-9.17%	-0.03%
Current Drawdown Current decline from peak	-0.59%	-0.05%	-0.54%
Average Drawdown Average peak-to-trough decline	-2.74%	-4.66%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.63%	+0.10%

Volatility

RDTY vs. RDTE - Volatility Comparison

YieldMax™ R2000 0DTE Covered Call Strategy ETF (RDTY) has a higher volatility of 5.92% compared to Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) at 4.98%. This indicates that RDTY's price experiences larger fluctuations and is considered to be riskier than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTY	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	4.98%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	12.37%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.98%	16.73%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.05%	19.17%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	19.17%	+2.88%

RDTY vs. RDTE - Expense Ratio Comparison

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

Dividends

RDTY vs. RDTE - Dividend Comparison

RDTY's dividend yield for the trailing twelve months is around 43.97%, less than RDTE's 46.02% yield.

Position	TTM	2025	2024
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	46.02%	50.16%	10.70%
RDTY YieldMax™ R2000 0DTE Covered Call Strategy ETF	43.97%	36.75%	0.00%

Frequently Asked Questions

Can I hold both RDTY and RDTE in my portfolio?

With a correlation of 0.95, RDTY and RDTE 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, RDTY or RDTE?

RDTY has higher volatility (5.92%) compared to RDTE (4.98%). In terms of maximum drawdown, RDTY dropped -17.31% vs RDTE's -24.32%.

Which ETF is better, RDTY or RDTE?

On 1-year performance, RDTE leads with 29.84% vs 25.49% for RDTY. On fees, RDTE is cheaper at 0.95% per year. On volatility, RDTE has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTY or RDTE?

Over the 1-year period, RDTE has performed better with a 29.84% return vs 25.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTY or RDTE?

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

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

RDTE has the higher dividend yield at 46.02%, compared with 43.97% for RDTY.

What is the main difference between RDTY and RDTE?

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

Which has better risk-adjusted returns?

RDTE currently has the higher Sharpe Ratio (1.79 vs 1.51), 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.