THLV vs. QDTE

Last updated Jun 3, 2026

THLV (THOR Equal Weight Low Volatility ETF) and QDTE (Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF) are both Large Cap Blend Equities funds. THLV is passively managed, while QDTE is actively managed. Over the past year, THLV returned 19.47% vs 41.61% for QDTE. A 0.55 correlation means they provide meaningful diversification when combined. THLV charges 0.64%/yr vs 0.95%/yr for QDTE.

Performance

THLV vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in THOR Equal Weight Low Volatility ETF (THLV) and Roundhill ETF Trust - Roundhill N-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, THLV achieves a 9.91% return, which is significantly lower than QDTE's 16.76% return.

THLV

• 1D: 0.72%
• 1M: 1.84%
• YTD: 9.91%
• 6M: 10.38%
• 1Y: 19.47%
• 3Y*: 12.73%
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 0.28%
• 1M: 9.07%
• YTD: 16.76%
• 6M: 16.74%
• 1Y: 41.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THLV vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
THLV THOR Equal Weight Low Volatility ETF	9.91%	10.50%	4.86%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	16.76%	19.32%	16.07%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.55

The correlation between THLV and QDTE has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

THLV vs. QDTE - Sectors Allocation Comparison

Sectors	THLV	QDTE
Energy	17.5%	-
Consumer Cyclical	15.7%	-
Technology	15.7%	-
Utilities	14.7%	-
Real Estate	14.3%	-
Financial Services	13.8%	5.4%
Consumer Defensive	13.7%	-
Industrials	13.5%	-
Healthcare	12.5%	-
Basic Materials	12.2%	-
Communication Services	0.1%	-

Return for Risk

THLV vs. QDTE — Risk / Return Rank

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

THLV

THLV Risk / Return Rank: 57
THLV Sharpe Ratio Rank: 58
THLV Sortino Ratio Rank: 58
THLV Omega Ratio Rank: 57
THLV Calmar Ratio Rank: 58
THLV Martin Ratio Rank: 52

QDTE

QDTE Risk / Return Rank: 81
QDTE Sharpe Ratio Rank: 85
QDTE Sortino Ratio Rank: 79
QDTE Omega Ratio Rank: 80
QDTE Calmar Ratio Rank: 80
QDTE Martin Ratio Rank: 83

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.

THLV vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for THOR Equal Weight Low Volatility ETF (THLV) and Roundhill ETF Trust - Roundhill N-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.

	THLV	QDTE	Difference
Sharpe ratio Return per unit of total volatility	1.99	2.82	-0.83
Sortino ratio Return per unit of downside risk	2.80	3.58	-0.78
Omega ratio Gain probability vs. loss probability	1.35	1.49	-0.13
Calmar ratio Return relative to maximum drawdown	2.96	4.17	-1.21
Martin ratio Return relative to average drawdown	9.02	16.89	-7.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THLV vs. QDTE - Sharpe Ratio Comparison

The current THLV Sharpe Ratio is 1.99, which is comparable to the QDTE Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of THLV 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.

Sharpe Ratios by Period

	THLV	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.82	-0.83
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	1.31	-0.42

Drawdowns

THLV vs. QDTE - Drawdown Comparison

The maximum THLV drawdown since its inception was -13.15%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for THLV and QDTE.

Drawdown Indicators

	THLV	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-13.15%	-22.86%	+9.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-10.20%	+3.54%
Max Drawdown (3Y) Largest decline over 3 years	-13.15%	—	—
Current Drawdown Current decline from peak	-1.61%	0.00%	-1.61%
Average Drawdown Average peak-to-trough decline	-3.74%	-3.15%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.52%	-0.34%

Volatility

THLV vs. QDTE - Volatility Comparison

The current volatility for THOR Equal Weight Low Volatility ETF (THLV) is 3.54%, while Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 3.74%. This indicates that THLV 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

	THLV	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.74%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	11.02%	-3.52%
Volatility (1Y) Calculated over the trailing 1-year period	9.83%	14.81%	-4.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.74%	18.45%	-6.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.74%	18.45%	-6.71%

THLV vs. QDTE - Expense Ratio Comparison

THLV has a 0.64% expense ratio, which is lower than QDTE's 0.95% expense ratio.

Dividends

THLV vs. QDTE - Dividend Comparison

THLV's dividend yield for the trailing twelve months is around 1.61%, less than QDTE's 42.10% yield.

Position	TTM	2025	2024	2023	2022
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	42.10%	49.49%	32.09%	0.00%	0.00%
THLV THOR Equal Weight Low Volatility ETF	1.61%	1.77%	1.25%	2.72%	0.62%

Frequently Asked Questions

Can I hold both THLV and QDTE in my portfolio?

THLV 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 is riskier, THLV or QDTE?

QDTE has higher volatility (3.74%) compared to THLV (3.54%). In terms of maximum drawdown, THLV dropped -13.15% vs QDTE's -22.86%.

Which ETF is better, THLV or QDTE?

On 1-year performance, QDTE leads with 41.61% vs 19.47% for THLV. On fees, THLV is cheaper at 0.64% per year. On volatility, THLV has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THLV or QDTE?

Over the 1-year period, QDTE has performed better with a 41.61% return vs 19.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THLV or QDTE?

THLV is cheaper with a 0.64% expense ratio, compared with 0.95% for QDTE.

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

QDTE has the higher dividend yield at 42.10%, compared with 1.61% for THLV.

What is the main difference between THLV and QDTE?

They also come from different issuers: THOR and Roundhill. Their fees differ too: 0.64% for THLV and 0.95% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.82 vs 1.99), 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.