SDTY vs. XDTE

Last updated Jun 21, 2026

SDTY (YieldMax S&P 500 0DTE Covered Call Strategy ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, SDTY returned 24.03% vs 24.97% for XDTE. Their correlation of 0.94 suggests significant overlap in exposure. SDTY charges 1.01%/yr vs 0.97%/yr for XDTE.

Performance

SDTY vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDTY achieves a 7.87% return, which is significantly lower than XDTE's 8.50% return.

SDTY

• 1D: 1.17%
• 1M: 1.12%
• YTD: 7.87%
• 6M: 7.94%
• 1Y: 24.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: 1.16%
• 1M: 1.27%
• YTD: 8.50%
• 6M: 8.72%
• 1Y: 24.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDTY vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	7.87%	9.67%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.50%	9.09%

Correlation

The correlation between SDTY and XDTE 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 Feb 6, 2025	0.94

The correlation between SDTY and XDTE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

SDTY vs. XDTE - Sectors Allocation Comparison

Sectors	SDTY	XDTE
Technology	39.0%	39.0%
Financial Services	11.1%	11.1%
Communication Services	10.6%	10.6%
Consumer Cyclical	9.9%	9.9%
Healthcare	8.3%	8.3%
Industrials	7.8%	7.8%
Consumer Defensive	4.5%	4.5%
Energy	3.1%	3.1%
Utilities	2.1%	2.1%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.7%

Return for Risk

SDTY vs. XDTE — Risk / Return Rank

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

SDTY

SDTY Risk / Return Rank: 67
SDTY Sharpe Ratio Rank: 67
SDTY Sortino Ratio Rank: 65
SDTY Omega Ratio Rank: 69
SDTY Calmar Ratio Rank: 63
SDTY Martin Ratio Rank: 70

XDTE

XDTE Risk / Return Rank: 70
XDTE Sharpe Ratio Rank: 70
XDTE Sortino Ratio Rank: 65
XDTE Omega Ratio Rank: 70
XDTE Calmar Ratio Rank: 67
XDTE Martin Ratio Rank: 77

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.

SDTY vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.

	SDTY	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.15	-0.06
Sortino ratio: Return per unit of downside risk	2.84	2.86	-0.02
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	3.00	3.21	-0.21
Martin ratio: Return relative to average drawdown	12.25	14.13	-1.88

SDTY vs. XDTE - Sharpe Ratio Comparison

The current SDTY Sharpe Ratio is 2.08, which is comparable to the XDTE Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of SDTY and XDTE, 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

SDTY vs. XDTE - Drawdown Comparison

The maximum SDTY drawdown since its inception was -18.63%, roughly equal to the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for SDTY and XDTE.

Drawdown Indicators

	SDTY	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-18.63%	-19.09%	+0.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-7.68%	-0.34%
Current Drawdown Current decline from peak	-1.16%	-0.96%	-0.20%
Average Drawdown Average peak-to-trough decline	-2.99%	-2.31%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.74%	+0.22%

Volatility

SDTY vs. XDTE - Volatility Comparison

YieldMax S&P 500 0DTE Covered Call Strategy ETF (SDTY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) have volatilities of 4.23% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDTY	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.33%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	9.10%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	11.49%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	13.96%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	13.96%	+2.86%

SDTY vs. XDTE - Expense Ratio Comparison

SDTY has a 1.01% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

SDTY vs. XDTE - Dividend Comparison

SDTY's dividend yield for the trailing twelve months is around 26.30%, less than XDTE's 32.69% yield.

Position	TTM	2025	2024
SDTY YieldMax S&P 500 0DTE Covered Call Strategy ETF	25.76%	22.00%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	32.69%	39.16%	20.35%

Frequently Asked Questions

Can I hold both SDTY and XDTE in my portfolio?

With a correlation of 0.95, SDTY and XDTE 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, SDTY or XDTE?

XDTE has higher volatility (4.33%) compared to SDTY (4.23%). In terms of maximum drawdown, SDTY dropped -18.63% vs XDTE's -19.09%.

Which ETF is better, SDTY or XDTE?

On 1-year performance, XDTE leads with 24.97% vs 24.03% for SDTY. On fees, XDTE is cheaper at 0.97% per year. On volatility, SDTY has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDTY or XDTE?

Over the 1-year period, XDTE has performed better with a 24.97% return vs 24.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDTY or XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 1.01% for SDTY.

Which ETF pays a higher dividend yield, SDTY or XDTE?

XDTE has the higher dividend yield at 32.69%, compared with 25.76% for SDTY.

What is the main difference between SDTY and XDTE?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.01% for SDTY and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (2.15 vs 2.08), 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.