VNQI vs. XDTE

Last updated Jun 9, 2026

VNQI (Vanguard Global ex-U.S. Real Estate ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - VNQI is a REIT fund tracking the S&P Global ex-U.S. Property Index, while XDTE is a Derivative Income fund actively managed by Roundhill. VNQI is passively managed, while XDTE is actively managed. Over the past year, VNQI returned 3.28% vs 22.20% for XDTE. At a 0.49 correlation, their price movements are largely independent. VNQI charges 0.12%/yr vs 0.97%/yr for XDTE.

Performance

VNQI vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global ex-U.S. Real Estate ETF (VNQI) 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, VNQI achieves a -3.93% return, which is significantly lower than XDTE's 6.69% return.

VNQI

• 1D: 0.18%
• 1M: -7.71%
• YTD: -3.93%
• 6M: -1.82%
• 1Y: 3.28%
• 3Y*: 7.32%
• 5Y*: -2.20%
• 10Y*: 2.19%

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)

VNQI vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VNQI Vanguard Global ex-U.S. Real Estate ETF	-3.93%	21.38%	2.62%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.69%	12.60%	17.12%

Correlation

The correlation between VNQI and XDTE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.49

The correlation between VNQI and XDTE has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

VNQI vs. XDTE - Sectors Allocation Comparison

Sectors	VNQI	XDTE
Real Estate	91.2%	1.9%
Financial Services	1.9%	11.8%
Consumer Cyclical	1.1%	10.1%
Industrials	0.7%	8.3%
Energy	0.3%	3.5%
Basic Materials	0.3%	1.8%
Technology	0.2%	35.6%
Utilities	0.1%	2.4%
Consumer Defensive	0.1%	4.9%
Healthcare	0.0%	8.5%
Communication Services	-	11.2%

Return for Risk

VNQI vs. XDTE — Risk / Return Rank

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

VNQI

VNQI Risk / Return Rank: 13
VNQI Sharpe Ratio Rank: 13
VNQI Sortino Ratio Rank: 13
VNQI Omega Ratio Rank: 13
VNQI Calmar Ratio Rank: 12
VNQI Martin Ratio Rank: 13

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.

VNQI vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) 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.

	VNQI	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.24	1.99	-1.74
Sortino ratio: Return per unit of downside risk	0.44	2.64	-2.20
Omega ratio: Gain probability vs. loss probability	1.05	1.37	-0.31
Calmar ratio: Return relative to maximum drawdown	0.22	2.90	-2.68
Martin ratio: Return relative to average drawdown	0.66	13.13	-12.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNQI vs. XDTE - Sharpe Ratio Comparison

The current VNQI Sharpe Ratio is 0.24, which is lower than the XDTE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of VNQI 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

	VNQI	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	1.99	-1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	1.16	-0.97

Drawdowns

VNQI vs. XDTE - Drawdown Comparison

The maximum VNQI drawdown since its inception was -38.35%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for VNQI and XDTE.

Drawdown Indicators

	VNQI	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-38.35%	-19.09%	-19.26%
Max Drawdown (1Y) Largest decline over 1 year	-14.78%	-7.68%	-7.10%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.35%	—	—
Current Drawdown Current decline from peak	-13.24%	-2.61%	-10.63%
Average Drawdown Average peak-to-trough decline	-10.89%	-2.31%	-8.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	1.69%	+3.30%

Volatility

VNQI vs. XDTE - Volatility Comparison

Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a higher volatility of 3.90% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.50%. This indicates that VNQI'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

	VNQI	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.50%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	11.61%	8.68%	+2.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.61%	11.25%	+2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.52%	13.92%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	13.92%	+2.15%

VNQI vs. XDTE - Expense Ratio Comparison

VNQI has a 0.12% expense ratio, which is lower than XDTE's 0.97% expense ratio.

Dividends

VNQI vs. XDTE - Dividend Comparison

VNQI's dividend yield for the trailing twelve months is around 4.90%, less than XDTE's 33.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.90%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%
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 VNQI and XDTE in my portfolio?

VNQI and XDTE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNQI or XDTE?

VNQI has higher volatility (3.90%) compared to XDTE (3.50%). In terms of maximum drawdown, VNQI dropped -38.35% vs XDTE's -19.09%.

Which ETF is better, VNQI or XDTE?

On 1-year performance, XDTE leads with 22.20% vs 3.28% for VNQI. On fees, VNQI is cheaper at 0.12% 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, VNQI or XDTE?

Over the 1-year period, XDTE has performed better with a 22.20% return vs 3.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VNQI or XDTE?

VNQI is cheaper with a 0.12% expense ratio, compared with 0.97% for XDTE.

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

XDTE has the higher dividend yield at 33.68%, compared with 4.90% for VNQI.

What is the main difference between VNQI and XDTE?

VNQI is categorized as REIT, while XDTE is Derivative Income. They also come from different issuers: Vanguard and Roundhill. Their fees differ too: 0.12% for VNQI and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.99 vs 0.24), 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.