TSLW vs. RDTE

Last updated Jun 5, 2026

TSLW (Roundhill TSLA WeeklyPay™ ETF) and RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, TSLW returned 23.66% vs 29.84% for RDTE. At a 0.48 correlation, their price movements are largely independent. TSLW charges 0.99%/yr vs 0.95%/yr for RDTE.

Performance

TSLW vs. RDTE - Performance Comparison

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

Returns By Period

In the year-to-date period, TSLW achieves a -10.61% return, which is significantly lower than RDTE's 13.89% return.

TSLW

• 1D: -1.48%
• 1M: 8.25%
• YTD: -10.61%
• 6M: -12.21%
• 1Y: 23.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: 1.07%
• 1M: 2.01%
• YTD: 13.89%
• 6M: 12.63%
• 1Y: 29.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLW vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
TSLW Roundhill TSLA WeeklyPay™ ETF	-10.61%	33.77%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	13.89%	15.20%

Correlation

The correlation between TSLW and RDTE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025	0.48

Return for Risk

TSLW vs. RDTE — Risk / Return Rank

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

TSLW

TSLW Risk / Return Rank: 18
TSLW Sharpe Ratio Rank: 16
TSLW Sortino Ratio Rank: 19
TSLW Omega Ratio Rank: 19
TSLW Calmar Ratio Rank: 17
TSLW Martin Ratio Rank: 16

RDTE

RDTE Risk / Return Rank: 57
RDTE Sharpe Ratio Rank: 53
RDTE Sortino Ratio Rank: 51
RDTE Omega Ratio Rank: 48
RDTE Calmar Ratio Rank: 67
RDTE 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. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill TSLA WeeklyPay™ ETF (TSLW) and Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE). 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.

	TSLW	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.43	1.79	-1.36
Sortino ratio: Return per unit of downside risk	0.94	2.46	-1.52
Omega ratio: Gain probability vs. loss probability	1.12	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	0.66	3.27	-2.61
Martin ratio: Return relative to average drawdown	1.52	11.37	-9.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLW vs. RDTE - Sharpe Ratio Comparison

The current TSLW Sharpe Ratio is 0.43, which is lower than the RDTE Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of TSLW and RDTE, 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

	TSLW	RDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	1.79	-1.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.01	-0.66

Drawdowns

TSLW vs. RDTE - Drawdown Comparison

The maximum TSLW drawdown since its inception was -35.80%, which is greater than RDTE's maximum drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for TSLW and RDTE.

Drawdown Indicators

	TSLW	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-24.32%	-11.48%
Max Drawdown (1Y) Largest decline over 1 year	-35.80%	-9.17%	-26.63%
Current Drawdown Current decline from peak	-19.44%	-0.05%	-19.39%
Average Drawdown Average peak-to-trough decline	-12.90%	-4.66%	-8.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.73%	2.63%	+13.10%

Volatility

TSLW vs. RDTE - Volatility Comparison

Roundhill TSLA WeeklyPay™ ETF (TSLW) has a higher volatility of 14.64% compared to Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) at 4.98%. This indicates that TSLW's price experiences larger fluctuations and is considered to be riskier than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLW	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.64%	4.98%	+9.66%
Volatility (6M) Calculated over the trailing 6-month period	32.86%	12.37%	+20.49%
Volatility (1Y) Calculated over the trailing 1-year period	55.54%	16.73%	+38.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.44%	19.17%	+36.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.44%	19.17%	+36.27%

TSLW vs. RDTE - Expense Ratio Comparison

TSLW has a 0.99% expense ratio, which is higher than RDTE's 0.95% expense ratio.

Dividends

TSLW vs. RDTE - Dividend Comparison

TSLW's dividend yield for the trailing twelve months is around 85.88%, more than RDTE's 46.02% yield.

Position	TTM	2025	2024
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	46.02%	50.16%	10.70%
TSLW Roundhill TSLA WeeklyPay™ ETF	85.88%	49.31%	0.00%

Frequently Asked Questions

Can I hold both TSLW and RDTE in my portfolio?

TSLW and RDTE have a correlation of 0.48, 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 RDTE?

TSLW has higher volatility (14.64%) compared to RDTE (4.98%). In terms of maximum drawdown, TSLW dropped -35.80% vs RDTE's -24.32%.

Which ETF is better, TSLW or RDTE?

On 1-year performance, RDTE leads with 29.84% vs 23.66% for TSLW. On fees, RDTE is cheaper at 0.95% per year. On volatility, RDTE has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLW or RDTE?

Over the 1-year period, RDTE has performed better with a 29.84% return vs 23.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLW or RDTE?

RDTE is cheaper with a 0.95% expense ratio, compared with 0.99% for TSLW.

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

TSLW has the higher dividend yield at 85.88%, compared with 46.02% for RDTE.

What is the main difference between TSLW and RDTE?

Their fees differ too: 0.99% for TSLW and 0.95% for RDTE.

Which has better risk-adjusted returns?

RDTE currently has the higher Sharpe Ratio (1.79 vs 0.43), 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.