TSLW vs. QDTY

Last updated Jun 13, 2026

TSLW (Roundhill TSLA WeeklyPay™ ETF) and QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - TSLW is a Derivative Income fund actively managed by Roundhill, while QDTY is a Nasdaq-100 fund actively managed by YieldMax. Both are actively managed. Over the past year, TSLW returned 25.14% vs 31.52% for QDTY. A 0.53 correlation means they provide meaningful diversification when combined. TSLW charges 0.99%/yr vs 1.01%/yr for QDTY.

Performance

TSLW vs. QDTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill TSLA WeeklyPay™ ETF (TSLW) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLW achieves a -13.92% return, which is significantly lower than QDTY's 11.46% return.

TSLW

• 1D: 1.87%
• 1M: -10.87%
• YTD: -13.92%
• 6M: -16.23%
• 1Y: 25.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTY

• 1D: 0.65%
• 1M: 0.87%
• YTD: 11.46%
• 6M: 12.70%
• 1Y: 31.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLW vs. QDTY - Yearly Performance Comparison

	2026 (YTD)	2025
TSLW Roundhill TSLA WeeklyPay™ ETF	-13.92%	35.28%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	11.46%	22.50%

Correlation

The correlation between TSLW and QDTY is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.53

The correlation between TSLW and QDTY has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.

Return for Risk

TSLW vs. QDTY — Risk / Return Rank

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

TSLW

TSLW Risk / Return Rank: 19
TSLW Sharpe Ratio Rank: 18
TSLW Sortino Ratio Rank: 21
TSLW Omega Ratio Rank: 20
TSLW Calmar Ratio Rank: 19
TSLW Martin Ratio Rank: 17

QDTY

QDTY Risk / Return Rank: 65
QDTY Sharpe Ratio Rank: 69
QDTY Sortino Ratio Rank: 62
QDTY Omega Ratio Rank: 66
QDTY Calmar Ratio Rank: 65
QDTY Martin Ratio Rank: 64

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.

TSLW vs. QDTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). 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.

	TSLW	QDTY	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.95	-1.48
Sortino ratio: Return per unit of downside risk	1.01	2.52	-1.51
Omega ratio: Gain probability vs. loss probability	1.12	1.34	-0.23
Calmar ratio: Return relative to maximum drawdown	0.71	2.85	-2.15
Martin ratio: Return relative to average drawdown	1.57	10.13	-8.56

TSLW vs. QDTY - Sharpe Ratio Comparison

The current TSLW Sharpe Ratio is 0.48, which is lower than the QDTY Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of TSLW and QDTY, 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

TSLW vs. QDTY - Drawdown Comparison

The maximum TSLW drawdown since its inception was -35.80%, which is greater than QDTY's maximum drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for TSLW and QDTY.

Drawdown Indicators

	TSLW	QDTY	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-23.45%	-12.35%
Max Drawdown (1Y) Largest decline over 1 year	-35.80%	-11.10%	-24.70%
Current Drawdown Current decline from peak	-22.43%	-4.22%	-18.21%
Average Drawdown Average peak-to-trough decline	-13.12%	-4.47%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.10%	3.12%	+12.98%

Volatility

TSLW vs. QDTY - Volatility Comparison

Roundhill TSLA WeeklyPay™ ETF (TSLW) has a higher volatility of 17.10% compared to YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) at 6.75%. This indicates that TSLW's price experiences larger fluctuations and is considered to be riskier than QDTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLW	QDTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.10%	6.75%	+10.35%
Volatility (6M) Calculated over the trailing 6-month period	34.48%	13.16%	+21.32%
Volatility (1Y) Calculated over the trailing 1-year period	53.21%	16.22%	+36.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.10%	26.06%	+30.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.10%	26.06%	+30.04%

TSLW vs. QDTY - Expense Ratio Comparison

TSLW has a 0.99% expense ratio, which is lower than QDTY's 1.01% expense ratio.

Dividends

TSLW vs. QDTY - Dividend Comparison

TSLW's dividend yield for the trailing twelve months is around 89.11%, more than QDTY's 31.79% yield.

Position	TTM	2025
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	31.79%	26.82%
TSLW Roundhill TSLA WeeklyPay™ ETF	89.11%	49.31%

Frequently Asked Questions

Can I hold both TSLW and QDTY in my portfolio?

TSLW and QDTY have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLW or QDTY?

TSLW has higher volatility (17.10%) compared to QDTY (6.75%). In terms of maximum drawdown, TSLW dropped -35.80% vs QDTY's -23.45%.

Which ETF is better, TSLW or QDTY?

On 1-year performance, QDTY leads with 31.52% vs 25.14% for TSLW. On fees, TSLW is cheaper at 0.99% per year. On volatility, QDTY has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLW or QDTY?

Over the 1-year period, QDTY has performed better with a 31.52% return vs 25.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLW or QDTY?

TSLW is cheaper with a 0.99% expense ratio, compared with 1.01% for QDTY.

Which ETF pays a higher dividend yield, TSLW or QDTY?

TSLW has the higher dividend yield at 89.11%, compared with 31.79% for QDTY.

What is the main difference between TSLW and QDTY?

TSLW is categorized as Derivative Income, while QDTY is Nasdaq-100. They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for TSLW and 1.01% for QDTY.

Which has better risk-adjusted returns?

QDTY currently has the higher Sharpe Ratio (1.95 vs 0.48), 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.