VNQ vs. XDTE

Last updated Jun 9, 2026

VNQ (Vanguard Real Estate ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - VNQ is a REIT fund tracking the MSCI US Investable Market Real Estate 25/50 Index, while XDTE is a Derivative Income fund actively managed by Roundhill. VNQ is passively managed, while XDTE is actively managed. Over the past year, VNQ returned 10.45% vs 22.20% for XDTE. At a 0.40 correlation, their price movements are largely independent. VNQ charges 0.13%/yr vs 0.97%/yr for XDTE.

Performance

VNQ vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Real Estate ETF (VNQ) 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, VNQ achieves a 9.04% return, which is significantly higher than XDTE's 6.69% return.

VNQ

• 1D: -1.36%
• 1M: -1.19%
• YTD: 9.04%
• 6M: 9.17%
• 1Y: 10.45%
• 3Y*: 9.24%
• 5Y*: 1.97%
• 10Y*: 5.30%

XDTE

• 1D: 0.31%
• 1M: -0.27%
• YTD: 6.69%
• 6M: 6.52%
• 1Y: 22.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VNQ vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VNQ Vanguard Real Estate ETF	9.04%	3.24%	6.76%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.69%	12.60%	17.12%

Correlation

The correlation between VNQ and XDTE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.40

VNQ vs. XDTE - Sectors Allocation Comparison

Sectors	VNQ	XDTE
Real Estate	97.3%	1.9%
Basic Materials	1.1%	1.8%
Communication Services	0.6%	11.2%
Technology	0.3%	35.6%
Energy	0.1%	3.5%
Financial Services	0.1%	11.8%
Industrials	0.0%	8.3%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Healthcare	-	8.5%
Utilities	-	2.4%

Return for Risk

VNQ vs. XDTE — Risk / Return Rank

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

VNQ

VNQ Risk / Return Rank: 26
VNQ Sharpe Ratio Rank: 24
VNQ Sortino Ratio Rank: 23
VNQ Omega Ratio Rank: 23
VNQ Calmar Ratio Rank: 28
VNQ Martin Ratio Rank: 30

XDTE

XDTE Risk / Return Rank: 68
XDTE Sharpe Ratio Rank: 67
XDTE Sortino Ratio Rank: 63
XDTE Omega Ratio Rank: 68
XDTE Calmar Ratio Rank: 64
XDTE Martin Ratio Rank: 76

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.

VNQ vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Real Estate ETF (VNQ) 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.

	VNQ	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.99	-1.20
Sortino ratio: Return per unit of downside risk	1.15	2.64	-1.48
Omega ratio: Gain probability vs. loss probability	1.14	1.37	-0.22
Calmar ratio: Return relative to maximum drawdown	1.26	2.90	-1.64
Martin ratio: Return relative to average drawdown	3.96	13.13	-9.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNQ vs. XDTE - Sharpe Ratio Comparison

The current VNQ Sharpe Ratio is 0.79, which is lower than the XDTE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of VNQ and XDTE, 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

	VNQ	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	1.99	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.16	-0.90

Drawdowns

VNQ vs. XDTE - Drawdown Comparison

The maximum VNQ drawdown since its inception was -73.07%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for VNQ and XDTE.

Drawdown Indicators

	VNQ	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-73.07%	-19.09%	-53.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-7.68%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-17.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.40%	—	—
Current Drawdown Current decline from peak	-2.67%	-2.61%	-0.06%
Average Drawdown Average peak-to-trough decline	-13.62%	-2.31%	-11.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	1.69%	+0.96%

Volatility

VNQ vs. XDTE - Volatility Comparison

Vanguard Real Estate ETF (VNQ) has a higher volatility of 4.13% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.50%. This indicates that VNQ's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNQ	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	3.50%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	8.68%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	11.25%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.82%	13.92%	+4.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.71%	13.92%	+6.79%

VNQ vs. XDTE - Expense Ratio Comparison

VNQ has a 0.13% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

VNQ vs. XDTE - Dividend Comparison

VNQ's dividend yield for the trailing twelve months is around 3.65%, less than XDTE's 33.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VNQ Vanguard Real Estate ETF	3.65%	3.92%	3.85%	3.95%	3.91%	2.56%	3.93%	3.39%	4.74%	4.23%	4.82%	3.92%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.68%	39.16%	20.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VNQ and XDTE in my portfolio?

VNQ and XDTE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNQ or XDTE?

VNQ has higher volatility (4.13%) compared to XDTE (3.50%). In terms of maximum drawdown, VNQ dropped -73.07% vs XDTE's -19.09%.

Which ETF is better, VNQ or XDTE?

On 1-year performance, XDTE leads with 22.20% vs 10.45% for VNQ. On fees, VNQ is cheaper at 0.13% per year. On volatility, XDTE has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VNQ or XDTE?

Over the 1-year period, XDTE has performed better with a 22.20% return vs 10.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VNQ or XDTE?

VNQ is cheaper with a 0.13% expense ratio, compared with 0.97% for XDTE.

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

XDTE has the higher dividend yield at 33.68%, compared with 3.65% for VNQ.

What is the main difference between VNQ and XDTE?

VNQ is categorized as REIT, while XDTE is Derivative Income. They also come from different issuers: Vanguard and Roundhill. Their fees differ too: 0.13% for VNQ and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.99 vs 0.79), 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.