TQQY vs. QDTE

Last updated Jun 5, 2026

TQQY (GraniteShares YieldBOOST QQQ ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - TQQY is a Leveraged Equities fund actively managed by GraniteShares, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, TQQY returned 19.17% vs 39.17% for QDTE. Their correlation of 0.84 suggests significant overlap in exposure. TQQY charges 1.07%/yr vs 0.97%/yr for QDTE.

Performance

TQQY vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST QQQ ETF (TQQY) 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, TQQY achieves a 8.12% return, which is significantly lower than QDTE's 16.06% return.

TQQY

• 1D: -0.15%
• 1M: 4.37%
• YTD: 8.12%
• 6M: 4.78%
• 1Y: 19.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.45%
• 1M: 7.12%
• YTD: 16.06%
• 6M: 15.73%
• 1Y: 39.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TQQY vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
TQQY GraniteShares YieldBOOST QQQ ETF	8.12%	-5.07%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.06%	17.61%

Correlation

The correlation between TQQY and QDTE is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.84

The correlation between TQQY and QDTE has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

TQQY vs. QDTE — Risk / Return Rank

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

TQQY

TQQY Risk / Return Rank: 24
TQQY Sharpe Ratio Rank: 26
TQQY Sortino Ratio Rank: 23
TQQY Omega Ratio Rank: 30
TQQY Calmar Ratio Rank: 22
TQQY Martin Ratio Rank: 21

QDTE

QDTE Risk / Return Rank: 79
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 77
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.

TQQY vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QQQ ETF (TQQY) 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.

	TQQY	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.66	-1.74
Sortino ratio: Return per unit of downside risk	1.19	3.41	-2.22
Omega ratio: Gain probability vs. loss probability	1.20	1.46	-0.26
Calmar ratio: Return relative to maximum drawdown	0.99	3.86	-2.86
Martin ratio: Return relative to average drawdown	2.44	15.60	-13.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQQY vs. QDTE - Sharpe Ratio Comparison

The current TQQY Sharpe Ratio is 0.92, which is lower than the QDTE Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of TQQY 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

	TQQY	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	2.66	-1.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.29	-1.20

Drawdowns

TQQY vs. QDTE - Drawdown Comparison

The maximum TQQY drawdown since its inception was -25.31%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for TQQY and QDTE.

Drawdown Indicators

	TQQY	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-22.86%	-2.45%
Max Drawdown (1Y) Largest decline over 1 year	-19.35%	-10.20%	-9.15%
Current Drawdown Current decline from peak	-3.41%	-0.60%	-2.81%
Average Drawdown Average peak-to-trough decline	-9.61%	-3.14%	-6.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.88%	2.52%	+5.36%

Volatility

TQQY vs. QDTE - Volatility Comparison

The current volatility for GraniteShares YieldBOOST QQQ ETF (TQQY) is 1.84%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 3.72%. This indicates that TQQY 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

	TQQY	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	3.72%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	14.75%	11.01%	+3.74%
Volatility (1Y) Calculated over the trailing 1-year period	20.90%	14.81%	+6.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.87%	18.42%	+5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.87%	18.42%	+5.45%

TQQY vs. QDTE - Expense Ratio Comparison

TQQY has a 1.07% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

TQQY vs. QDTE - Dividend Comparison

TQQY's dividend yield for the trailing twelve months is around 59.60%, more than QDTE's 43.41% yield.

Position	TTM	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	43.41%	49.49%	32.09%
TQQY GraniteShares YieldBOOST QQQ ETF	59.60%	49.61%	0.00%

Frequently Asked Questions

Can I hold both TQQY and QDTE in my portfolio?

TQQY and QDTE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TQQY or QDTE?

QDTE has higher volatility (3.72%) compared to TQQY (1.84%). In terms of maximum drawdown, TQQY dropped -25.31% vs QDTE's -22.86%.

Which ETF is better, TQQY or QDTE?

On 1-year performance, QDTE leads with 39.17% vs 19.17% for TQQY. On fees, QDTE is cheaper at 0.97% per year. On volatility, TQQY has been the lower-risk option at 1.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TQQY or QDTE?

Over the 1-year period, QDTE has performed better with a 39.17% return vs 19.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TQQY or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 1.07% for TQQY.

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

TQQY has the higher dividend yield at 59.60%, compared with 43.41% for QDTE.

What is the main difference between TQQY and QDTE?

TQQY is categorized as Leveraged Equities, while QDTE is Derivative Income. They also come from different issuers: GraniteShares and Roundhill. Their fees differ too: 1.07% for TQQY and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.66 vs 0.92), 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.