TEXN vs. QDTE

Last updated Jun 4, 2026

TEXN (iShares Texas Equity ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - TEXN is a Large Cap Blend Equities fund tracking the Russell Texas Equity Index, while QDTE is a Derivative Income fund actively managed by Roundhill. TEXN is passively managed, while QDTE is actively managed. At a 0.49 correlation, their price movements are largely independent. TEXN charges 0.20%/yr vs 0.97%/yr for QDTE.

Performance

TEXN vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Texas Equity ETF (TEXN) 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, TEXN achieves a 25.94% return, which is significantly higher than QDTE's 16.58% return.

TEXN

• 1D: -0.24%
• 1M: 5.35%
• YTD: 25.94%
• 6M: 24.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.16%
• 1M: 8.99%
• YTD: 16.58%
• 6M: 16.20%
• 1Y: 40.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEXN vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
TEXN iShares Texas Equity ETF	25.94%	8.16%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.58%	16.79%

Correlation

The correlation between TEXN and QDTE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.49

TEXN vs. QDTE - Sectors Allocation Comparison

Sectors	TEXN	QDTE
Energy	36.1%	-
Industrials	16.9%	-
Technology	15.5%	-
Consumer Cyclical	10.8%	-
Real Estate	4.2%	-
Financial Services	4.1%	5.4%
Communication Services	3.6%	-
Utilities	2.9%	-
Healthcare	2.9%	-
Consumer Defensive	2.1%	-
Basic Materials	0.8%	-

Return for Risk

TEXN vs. QDTE — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 78
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 76
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

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.

TEXN vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Texas Equity ETF (TEXN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TEXN	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.75	1.30	+1.44

Drawdowns

TEXN vs. QDTE - Drawdown Comparison

The maximum TEXN drawdown since its inception was -6.34%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for TEXN and QDTE.

Drawdown Indicators

	TEXN	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-6.34%	-22.86%	+16.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.20%	—
Current Drawdown Current decline from peak	-0.24%	-0.16%	-0.08%
Average Drawdown Average peak-to-trough decline	-1.12%	-3.14%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.52%	—

Volatility

Volatility by Period

	TEXN	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	14.81%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	18.43%	-4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	18.43%	-4.24%

TEXN vs. QDTE - Expense Ratio Comparison

TEXN has a 0.20% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

TEXN vs. QDTE - Dividend Comparison

TEXN's dividend yield for the trailing twelve months is around 1.01%, less than QDTE's 42.16% yield.

Position	TTM	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	42.16%	49.49%	32.09%
TEXN iShares Texas Equity ETF	1.01%	0.86%	0.00%

Frequently Asked Questions

Can I hold both TEXN and QDTE in my portfolio?

TEXN and QDTE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEXN or QDTE?

On fees, TEXN is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEXN or QDTE?

TEXN is cheaper with a 0.20% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 42.16%, compared with 1.01% for TEXN.

What is the main difference between TEXN and QDTE?

TEXN is categorized as Large Cap Blend Equities, while QDTE is Derivative Income. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.20% for TEXN and 0.97% for QDTE.