TSYW vs. RDTE

Last updated Jul 11, 2026

TSYW (Roundhill Treasury Bond WeeklyPay ETF) and RDTE (Roundhill Russell 2000 0DTE Covered Call Strategy ETF) are both exchange-traded funds - TSYW is a Leveraged Bonds fund actively managed by Roundhill, while RDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. TSYW charges 0.99%/yr vs 0.97%/yr for RDTE.

Performance

TSYW vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Treasury Bond WeeklyPay ETF (TSYW) and Roundhill Russell 2000 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, TSYW achieves a -3.24% return, which is significantly lower than RDTE's 18.45% return.

TSYW

• 1D: -0.09%
• 1M: -1.54%
• 6M: -3.84%
• YTD: -3.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: -0.28%
• 1M: 3.41%
• 6M: 14.13%
• YTD: 18.45%
• 1Y: 27.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSYW vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
TSYW Roundhill Treasury Bond WeeklyPay ETF	-3.24%	-3.37%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	18.45%	0.32%

Correlation

The correlation between TSYW and RDTE is 0.36, 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 13, 2025	0.36

Return for Risk

TSYW vs. RDTE — Risk / Return Rank

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

TSYW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

RDTE

RDTE Risk / Return Rank: 61
RDTE Sharpe Ratio Rank: 57
RDTE Sortino Ratio Rank: 55
RDTE Omega Ratio Rank: 52
RDTE Calmar Ratio Rank: 71
RDTE Martin Ratio Rank: 69

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. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) and Roundhill Russell 2000 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.

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.

	TSYW	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.54	—
Sortino ratio: Return per unit of downside risk	—	2.15	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.88	—
Martin ratio: Return relative to average drawdown	—	9.99	—

Drawdowns

TSYW vs. RDTE - Drawdown Comparison

The maximum TSYW drawdown since its inception was -9.79%, smaller than the maximum RDTE drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for TSYW and RDTE.

Drawdown Indicators

	TSYW	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-24.32%	+14.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.17%	—
Current Drawdown Current decline from peak	-7.56%	-0.74%	-6.82%
Average Drawdown Average peak-to-trough decline	-4.29%	-4.45%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.64%	—

Volatility

Volatility by Period

	TSYW	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.90%	17.13%	-6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.90%	19.11%	-8.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.90%	19.11%	-8.21%

TSYW vs. RDTE - Expense Ratio Comparison

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

Dividends

TSYW vs. RDTE - Dividend Comparison

TSYW's dividend yield for the trailing twelve months is around 8.92%, less than RDTE's 44.18% yield.

Position	TTM	2025	2024
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	44.18%	50.16%	10.70%
TSYW Roundhill Treasury Bond WeeklyPay ETF	8.92%	1.63%	0.00%

Frequently Asked Questions

Can I hold both TSYW and RDTE in my portfolio?

TSYW and RDTE have a correlation of 0.36, 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 RDTE?

On fees, RDTE 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 RDTE?

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

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

RDTE has the higher dividend yield at 44.18%, compared with 8.92% for TSYW.

What is the main difference between TSYW and RDTE?

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