SPOT vs. QDTE
SPOT (Spotify Technology S.A.) is a stock, while QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill. Over the past year, SPOT returned -29.36% vs 34.41% for QDTE. At a 0.35 correlation, their price movements are largely independent.
Performance
SPOT vs. QDTE - Performance Comparison
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Returns By Period
In the year-to-date period, SPOT achieves a -13.36% return, which is significantly lower than QDTE's 12.44% return.
SPOT
- 1D
- 1.24%
- 1M
- 20.42%
- YTD
- -13.36%
- 6M
- -12.09%
- 1Y
- -29.36%
- 3Y*
- 49.53%
- 5Y*
- 16.18%
- 10Y*
- —
QDTE
- 1D
- 1.85%
- 1M
- 0.70%
- YTD
- 12.44%
- 6M
- 11.71%
- 1Y
- 34.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOT vs. QDTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPOT Spotify Technology S.A. | -13.36% | 29.80% | 66.91% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 12.44% | 19.32% | 17.13% |
Correlation
The correlation between SPOT and QDTE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.35 |
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Return for Risk
SPOT vs. QDTE — Risk / Return Rank
SPOT
QDTE
SPOT vs. QDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology S.A. (SPOT) 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.
| SPOT | QDTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.52 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.39 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 3.39 | -4.02 |
| Martin ratioReturn relative to average drawdown | -1.10 | 13.52 | -14.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPOT | QDTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | 2.20 | -2.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.17 | -0.83 |
Drawdowns
SPOT vs. QDTE - Drawdown Comparison
The maximum SPOT drawdown since its inception was -80.51%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for SPOT and QDTE.
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Drawdown Indicators
| SPOT | QDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.51% | -22.86% | -57.65% |
Max Drawdown (1Y)Largest decline over 1 year | -46.80% | -10.20% | -36.60% |
Max Drawdown (3Y)Largest decline over 3 years | -46.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.39% | — | — |
Current DrawdownCurrent decline from peak | -35.16% | -3.70% | -31.46% |
Average DrawdownAverage peak-to-trough decline | -30.81% | -3.14% | -27.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.76% | 2.55% | +24.21% |
Volatility
SPOT vs. QDTE - Volatility Comparison
Spotify Technology S.A. (SPOT) has a higher volatility of 15.97% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 6.57%. This indicates that SPOT's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPOT | QDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.97% | 6.57% | +9.40% |
Volatility (6M)Calculated over the trailing 6-month period | 37.40% | 12.26% | +25.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.30% | 15.71% | +29.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.60% | 18.72% | +28.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.26% | 18.72% | +28.54% |
Dividends
SPOT vs. QDTE - Dividend Comparison
SPOT has not paid dividends to shareholders, while QDTE's dividend yield for the trailing twelve months is around 44.14%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 44.14% | 49.49% | 32.09% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOT and QDTE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPOT has higher volatility (15.97%) compared to QDTE (6.57%). In terms of maximum drawdown, SPOT dropped -80.51% vs QDTE's -22.86%.
QDTE currently has the higher Sharpe Ratio (2.20 vs -0.65), 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.
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