UX vs. QDTE

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Uranium ETF (UX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).

UX and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UX is an actively managed fund by Roundhill. It was launched on Jan 28, 2025. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.

Performance

UX vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Uranium ETF (UX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

UX vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
UX Roundhill Uranium ETF	2.86%	15.76%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	-5.34%	16.82%

Returns By Period

In the year-to-date period, UX achieves a 2.86% return, which is significantly higher than QDTE's -5.34% return.

UX

• 1D: 4.92%
• 1M: -0.77%
• YTD: 2.86%
• 6M: -0.22%
• 1Y: 36.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 2.12%
• 1M: -5.56%
• YTD: -5.34%
• 6M: -1.02%
• 1Y: 20.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UX vs. QDTE - Expense Ratio Comparison

UX has a 0.75% expense ratio, which is lower than QDTE's 0.95% expense ratio.

QDTE

Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF

UX

Roundhill Uranium ETF

Return for Risk

UX vs. QDTE — Risk / Return Rank

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

UX

UX Risk / Return Rank: 53
UX Sharpe Ratio Rank: 54
UX Sortino Ratio Rank: 59
UX Omega Ratio Rank: 48
UX Calmar Ratio Rank: 63
UX Martin Ratio Rank: 43

QDTE

QDTE Risk / Return Rank: 60
QDTE Sharpe Ratio Rank: 63
QDTE Sortino Ratio Rank: 58
QDTE Omega Ratio Rank: 61
QDTE Calmar Ratio Rank: 60
QDTE Martin Ratio Rank: 59

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.

UX vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Uranium ETF (UX) and Roundhill ETF Trust - Roundhill N-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.

	UX	QDTE	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.05	-0.07
Sortino ratio Return per unit of downside risk	1.53	1.42	+0.11
Omega ratio Gain probability vs. loss probability	1.18	1.21	-0.03
Calmar ratio Return relative to maximum drawdown	1.63	1.39	+0.24
Martin ratio Return relative to average drawdown	4.02	5.36	-1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UX vs. QDTE - Sharpe Ratio Comparison

The current UX Sharpe Ratio is 0.98, which is comparable to the QDTE Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of UX and QDTE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UX	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.05	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.76	-0.32

Correlation

The correlation between UX and QDTE is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UX vs. QDTE - Dividend Comparison

UX's dividend yield for the trailing twelve months is around 1.44%, less than QDTE's 51.06% yield.

	TTM	2025	2024
UX Roundhill Uranium ETF	1.44%	1.48%	0.00%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	51.06%	49.49%	32.09%

Drawdowns

UX vs. QDTE - Drawdown Comparison

The maximum UX drawdown since its inception was -23.72%, roughly equal to the maximum QDTE drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for UX and QDTE.

Drawdown Indicators

	UX	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-23.72%	-22.86%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-23.72%	-14.08%	-9.64%
Current Drawdown Current decline from peak	-16.78%	-8.29%	-8.49%
Average Drawdown Average peak-to-trough decline	-9.07%	-3.30%	-5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.61%	3.65%	+5.96%

Volatility

UX vs. QDTE - Volatility Comparison

Roundhill Uranium ETF (UX) has a higher volatility of 12.49% compared to Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) at 5.64%. This indicates that UX's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UX	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.49%	5.64%	+6.85%
Volatility (6M) Calculated over the trailing 6-month period	27.48%	12.02%	+15.46%
Volatility (1Y) Calculated over the trailing 1-year period	37.90%	19.33%	+18.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.52%	18.70%	+18.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.52%	18.70%	+18.82%