TSYW vs. QDTE

Last updated Jun 4, 2026

TSYW (Roundhill Treasury Bond WeeklyPay ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - TSYW is a Leveraged Bonds fund actively managed by Roundhill, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. TSYW charges 0.99%/yr vs 0.97%/yr for QDTE.

Performance

TSYW vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Treasury Bond WeeklyPay ETF (TSYW) 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, TSYW achieves a -2.14% return, which is significantly lower than QDTE's 16.58% return.

TSYW

• 1D: -0.50%
• 1M: 0.63%
• YTD: -2.14%
• 6M: -4.49%
• 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)

TSYW vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
TSYW Roundhill Treasury Bond WeeklyPay ETF	-2.14%	-2.56%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.58%	2.96%

Correlation

The correlation between TSYW and QDTE is 0.33, 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 Nov 14, 2025	0.33

Return for Risk

TSYW 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.

TSYW vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) 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

	TSYW	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	-0.78	1.30	-2.09

Drawdowns

TSYW vs. QDTE - Drawdown Comparison

The maximum TSYW drawdown since its inception was -9.79%, smaller than the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for TSYW and QDTE.

Drawdown Indicators

	TSYW	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-22.86%	+13.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.20%	—
Current Drawdown Current decline from peak	-6.51%	-0.16%	-6.35%
Average Drawdown Average peak-to-trough decline	-3.99%	-3.14%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.52%	—

Volatility

Volatility by Period

	TSYW	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	10.78%	14.81%	-4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.78%	18.43%	-7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	18.43%	-7.65%

TSYW vs. QDTE - Expense Ratio Comparison

TSYW has a 0.99% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

TSYW vs. QDTE - Dividend Comparison

TSYW's dividend yield for the trailing twelve months is around 7.44%, 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%
TSYW Roundhill Treasury Bond WeeklyPay ETF	7.44%	1.63%	0.00%

Frequently Asked Questions

Can I hold both TSYW and QDTE in my portfolio?

TSYW and QDTE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSYW or QDTE?

On fees, QDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSYW or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for TSYW.

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

QDTE has the higher dividend yield at 42.16%, compared with 7.44% for TSYW.

What is the main difference between TSYW and QDTE?

TSYW is categorized as Leveraged Bonds, while QDTE is Derivative Income. Their fees differ too: 0.99% for TSYW and 0.97% for QDTE.