TSYW vs. XDTE

Last updated Jun 4, 2026

TSYW (Roundhill Treasury Bond WeeklyPay ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - TSYW is a Leveraged Bonds fund actively managed by Roundhill, while XDTE 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 XDTE.

Performance

TSYW vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Treasury Bond WeeklyPay ETF (TSYW) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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 XDTE's 8.83% return.

TSYW

• 1D: -0.50%
• 1M: 0.63%
• YTD: -2.14%
• 6M: -4.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -0.66%
• 1M: 4.14%
• YTD: 8.83%
• 6M: 8.93%
• 1Y: 25.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSYW vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
TSYW Roundhill Treasury Bond WeeklyPay ETF	-2.14%	-2.56%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.83%	2.38%

Correlation

The correlation between TSYW and XDTE 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 14, 2025	0.36

Return for Risk

TSYW vs. XDTE — Risk / Return Rank

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

XDTE

XDTE Risk / Return Rank: 70
XDTE Sharpe Ratio Rank: 70
XDTE Sortino Ratio Rank: 67
XDTE Omega Ratio Rank: 70
XDTE Calmar Ratio Rank: 66
XDTE Martin Ratio Rank: 78

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. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	1.25	-2.03

Drawdowns

TSYW vs. XDTE - Drawdown Comparison

The maximum TSYW drawdown since its inception was -9.79%, smaller than the maximum XDTE drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for TSYW and XDTE.

Drawdown Indicators

	TSYW	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-19.09%	+9.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.68%	—
Current Drawdown Current decline from peak	-6.51%	-0.66%	-5.85%
Average Drawdown Average peak-to-trough decline	-3.99%	-2.32%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.68%	—

Volatility

Volatility by Period

	TSYW	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	10.99%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.78%	13.85%	-3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	13.85%	-3.07%

TSYW vs. XDTE - Expense Ratio Comparison

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

Dividends

TSYW vs. XDTE - Dividend Comparison

TSYW's dividend yield for the trailing twelve months is around 7.44%, less than XDTE's 33.00% yield.

Position	TTM	2025	2024
TSYW Roundhill Treasury Bond WeeklyPay ETF	7.44%	1.63%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.00%	39.16%	20.35%

Frequently Asked Questions

Can I hold both TSYW and XDTE in my portfolio?

TSYW and XDTE 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 XDTE?

On fees, XDTE 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 XDTE?

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

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

XDTE has the higher dividend yield at 33.00%, compared with 7.44% for TSYW.

What is the main difference between TSYW and XDTE?

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