RYLG vs. QDTE

Last updated Jun 24, 2026

RYLG (Global X Russell 2000 Covered Call & Growth ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both Derivative Income funds. RYLG is passively managed, while QDTE is actively managed. Over the past year, RYLG returned 30.21% vs 33.64% for QDTE. A 0.66 correlation means they provide meaningful diversification when combined. RYLG charges 0.35%/yr vs 0.97%/yr for QDTE.

Performance

RYLG vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Russell 2000 Covered Call & Growth ETF (RYLG) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYLG achieves a 14.56% return, which is significantly higher than QDTE's 12.61% return.

RYLG

• 1D: -0.71%
• 1M: 2.84%
• YTD: 14.56%
• 6M: 12.57%
• 1Y: 30.21%
• 3Y*: 13.83%
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -3.23%
• 1M: -0.17%
• YTD: 12.61%
• 6M: 11.52%
• 1Y: 33.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RYLG vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RYLG Global X Russell 2000 Covered Call & Growth ETF	14.56%	9.39%	8.93%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	12.61%	19.32%	17.13%

Correlation

The correlation between RYLG and QDTE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.66

The correlation between RYLG and QDTE has been stable across timeframes, ranging from 0.66 to 0.66 - a consistent structural relationship.

RYLG vs. QDTE - Sectors Allocation Comparison

Sectors	RYLG	QDTE
Technology	19.0%	-
Industrials	18.0%	-
Healthcare	16.3%	-
Financial Services	15.5%	5.4%
Consumer Cyclical	8.0%	-
Real Estate	5.9%	-
Energy	5.4%	-
Basic Materials	4.7%	-
Utilities	2.8%	-
Communication Services	2.4%	-
Consumer Defensive	2.3%	-

Return for Risk

RYLG vs. QDTE — Risk / Return Rank

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

RYLG

RYLG Risk / Return Rank: 70
RYLG Sharpe Ratio Rank: 66
RYLG Sortino Ratio Rank: 67
RYLG Omega Ratio Rank: 63
RYLG Calmar Ratio Rank: 77
RYLG Martin Ratio Rank: 78

QDTE

QDTE Risk / Return Rank: 64
QDTE Sharpe Ratio Rank: 64
QDTE Sortino Ratio Rank: 56
QDTE Omega Ratio Rank: 62
QDTE Calmar Ratio Rank: 68
QDTE Martin Ratio Rank: 71

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.

RYLG vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 Covered Call & Growth ETF (RYLG) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RYLG	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.03	-0.01
Sortino ratio: Return per unit of downside risk	2.83	2.58	+0.24
Omega ratio: Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio: Return relative to maximum drawdown	3.71	3.31	+0.40
Martin ratio: Return relative to average drawdown	14.23	12.82	+1.41

RYLG vs. QDTE - Sharpe Ratio Comparison

The current RYLG Sharpe Ratio is 2.02, which is comparable to the QDTE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of RYLG and QDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYLG vs. QDTE - Drawdown Comparison

The maximum RYLG drawdown since its inception was -22.37%, roughly equal to the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for RYLG and QDTE.

Drawdown Indicators

	RYLG	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-22.86%	+0.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-10.20%	+2.02%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	—	—
Current Drawdown Current decline from peak	-0.71%	-3.55%	+2.84%
Average Drawdown Average peak-to-trough decline	-4.09%	-3.13%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.63%	-0.50%

Volatility

RYLG vs. QDTE - Volatility Comparison

The current volatility for Global X Russell 2000 Covered Call & Growth ETF (RYLG) is 4.16%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 8.57%. This indicates that RYLG experiences smaller price fluctuations and is considered to be less risky than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYLG	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	8.57%	-4.41%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	13.32%	-2.22%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	16.68%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	18.99%	-1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.15%	18.99%	-1.84%

RYLG vs. QDTE - Expense Ratio Comparison

RYLG has a 0.35% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

RYLG vs. QDTE - Dividend Comparison

RYLG's dividend yield for the trailing twelve months is around 10.29%, less than QDTE's 44.23% yield.

Position	TTM	2025	2024	2023	2022
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	44.23%	49.49%	32.09%	0.00%	0.00%
RYLG Global X Russell 2000 Covered Call & Growth ETF	10.29%	10.82%	23.73%	5.78%	4.36%

Frequently Asked Questions

Can I hold both RYLG and QDTE in my portfolio?

RYLG and QDTE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYLG or QDTE?

QDTE has higher volatility (8.57%) compared to RYLG (4.16%). In terms of maximum drawdown, RYLG dropped -22.37% vs QDTE's -22.86%.

Which ETF is better, RYLG or QDTE?

On 1-year performance, QDTE leads with 33.64% vs 30.21% for RYLG. On fees, RYLG is cheaper at 0.35% per year. On volatility, RYLG has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RYLG or QDTE?

Over the 1-year period, QDTE has performed better with a 33.64% return vs 30.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RYLG or QDTE?

RYLG is cheaper with a 0.35% expense ratio, compared with 0.97% for QDTE.

Which ETF pays a higher dividend yield, RYLG or QDTE?

QDTE has the higher dividend yield at 44.23%, compared with 10.29% for RYLG.

What is the main difference between RYLG and QDTE?

They also come from different issuers: Global X and Roundhill. Their fees differ too: 0.35% for RYLG and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.03 vs 2.02), 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.