UX vs. RDTE

Last updated Jun 5, 2026

UX (Roundhill Uranium ETF) and RDTE (Roundhill Small Cap 0DTE Covered Call Strategy ETF) are both exchange-traded funds - UX is a Commodity Producers Equities fund actively managed by Roundhill, while RDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, UX returned 15.94% vs 29.84% for RDTE. At a 0.31 correlation, their price movements are largely independent. UX charges 0.75%/yr vs 0.95%/yr for RDTE.

Performance

UX vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Uranium ETF (UX) 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, UX achieves a -1.43% return, which is significantly lower than RDTE's 13.89% return.

UX

• 1D: -0.82%
• 1M: -4.22%
• YTD: -1.43%
• 6M: 3.60%
• 1Y: 15.94%
• 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)

UX vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
UX Roundhill Uranium ETF	-1.43%	15.76%
RDTE Roundhill Small Cap 0DTE Covered Call Strategy ETF	13.89%	6.54%

Correlation

The correlation between UX and RDTE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025	0.31

UX vs. RDTE - Sectors Allocation Comparison

Sectors	UX	RDTE
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	6.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

UX vs. RDTE — Risk / Return Rank

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

UX

UX Risk / Return Rank: 17
UX Sharpe Ratio Rank: 17
UX Sortino Ratio Rank: 18
UX Omega Ratio Rank: 18
UX Calmar Ratio Rank: 18
UX 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.

UX vs. RDTE - Risk-Adjusted Trends Comparison

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

	UX	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.79	-1.33
Sortino ratio: Return per unit of downside risk	0.88	2.46	-1.58
Omega ratio: Gain probability vs. loss probability	1.11	1.30	-0.20
Calmar ratio: Return relative to maximum drawdown	0.67	3.27	-2.60
Martin ratio: Return relative to average drawdown	1.34	11.37	-10.03
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. RDTE - Sharpe Ratio Comparison

The current UX Sharpe Ratio is 0.47, which is lower than the RDTE Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of UX 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

	UX	RDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	1.79	-1.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	1.01	-0.73

Drawdowns

UX vs. RDTE - Drawdown Comparison

The maximum UX drawdown since its inception was -23.72%, roughly equal to the maximum RDTE drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for UX and RDTE.

Drawdown Indicators

	UX	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-23.72%	-24.32%	+0.60%
Max Drawdown (1Y) Largest decline over 1 year	-23.72%	-9.17%	-14.55%
Current Drawdown Current decline from peak	-20.25%	-0.05%	-20.20%
Average Drawdown Average peak-to-trough decline	-10.16%	-4.66%	-5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.93%	2.63%	+9.30%

Volatility

UX vs. RDTE - Volatility Comparison

Roundhill Uranium ETF (UX) has a higher volatility of 8.08% compared to Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE) at 4.98%. This indicates that UX'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

	UX	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.08%	4.98%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	24.57%	12.37%	+12.20%
Volatility (1Y) Calculated over the trailing 1-year period	34.37%	16.73%	+17.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.15%	19.17%	+16.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.15%	19.17%	+16.98%

UX vs. RDTE - Expense Ratio Comparison

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

Dividends

UX vs. RDTE - Dividend Comparison

UX's dividend yield for the trailing twelve months is around 1.50%, less 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%
UX Roundhill Uranium ETF	1.50%	1.48%	0.00%

Frequently Asked Questions

Can I hold both UX and RDTE in my portfolio?

UX and RDTE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UX or RDTE?

UX has higher volatility (8.08%) compared to RDTE (4.98%). In terms of maximum drawdown, UX dropped -23.72% vs RDTE's -24.32%.

Which ETF is better, UX or RDTE?

On 1-year performance, RDTE leads with 29.84% vs 15.94% for UX. On fees, UX is cheaper at 0.75% 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, UX or RDTE?

Over the 1-year period, RDTE has performed better with a 29.84% return vs 15.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UX or RDTE?

UX is cheaper with a 0.75% expense ratio, compared with 0.95% for RDTE.

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

RDTE has the higher dividend yield at 46.02%, compared with 1.50% for UX.

What is the main difference between UX and RDTE?

UX is categorized as Commodity Producers Equities, while RDTE is Derivative Income. Their fees differ too: 0.75% for UX and 0.95% for RDTE.

Which has better risk-adjusted returns?

RDTE currently has the higher Sharpe Ratio (1.79 vs 0.47), 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.