WEED vs. XDTE

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill Cannabis ETF (WEED) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).

WEED and XDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEED is an actively managed fund by Roundhill. It was launched on Apr 19, 2022. XDTE is an actively managed fund by Roundhill. It was launched on Mar 7, 2024.

Performance

WEED vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Cannabis ETF (WEED) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

WEED vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEED Roundhill Cannabis ETF	-21.02%	19.40%	-50.64%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	-2.43%	12.60%	16.39%

Returns By Period

In the year-to-date period, WEED achieves a -21.02% return, which is significantly lower than XDTE's -2.43% return.

WEED

• 1D: 3.55%
• 1M: 0.66%
• YTD: -21.02%
• 6M: -27.03%
• 1Y: 42.99%
• 3Y*: -12.02%
• 5Y*: —
• 10Y*: —

XDTE

• 1D: 1.03%
• 1M: -4.05%
• YTD: -2.43%
• 6M: 0.99%
• 1Y: 13.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WEED vs. XDTE - Expense Ratio Comparison

WEED has a 0.40% expense ratio, which is lower than XDTE's 0.97% expense ratio.

XDTE

Roundhill S&P 500 0DTE Covered Call Strategy ETF

WEED

Roundhill Cannabis ETF

Return for Risk

WEED vs. XDTE — Risk / Return Rank

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

WEED

WEED Risk / Return Rank: 34
WEED Sharpe Ratio Rank: 22
WEED Sortino Ratio Rank: 56
WEED Omega Ratio Rank: 42
WEED Calmar Ratio Rank: 28
WEED Martin Ratio Rank: 21

XDTE

XDTE Risk / Return Rank: 45
XDTE Sharpe Ratio Rank: 48
XDTE Sortino Ratio Rank: 41
XDTE Omega Ratio Rank: 48
XDTE Calmar Ratio Rank: 41
XDTE Martin Ratio Rank: 46

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.

WEED vs. XDTE - Risk-Adjusted Trends Comparison

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

	WEED	XDTE	Difference
Sharpe ratio Return per unit of total volatility	0.39	0.90	-0.51
Sortino ratio Return per unit of downside risk	1.53	1.21	+0.33
Omega ratio Gain probability vs. loss probability	1.18	1.19	-0.02
Calmar ratio Return relative to maximum drawdown	0.78	1.12	-0.34
Martin ratio Return relative to average drawdown	1.53	4.60	-3.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEED vs. XDTE - Sharpe Ratio Comparison

The current WEED Sharpe Ratio is 0.39, which is lower than the XDTE Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of WEED and XDTE, 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

	WEED	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	0.90	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	0.90	-1.31

Correlation

The correlation between WEED and XDTE is 0.22, 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

WEED vs. XDTE - Dividend Comparison

WEED has not paid dividends to shareholders, while XDTE's dividend yield for the trailing twelve months is around 38.73%.

	TTM	2025	2024
WEED Roundhill Cannabis ETF	0.00%	0.00%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	38.73%	39.16%	20.35%

Drawdowns

WEED vs. XDTE - Drawdown Comparison

The maximum WEED drawdown since its inception was -88.07%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for WEED and XDTE.

Drawdown Indicators

	WEED	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-88.07%	-19.09%	-68.98%
Max Drawdown (1Y) Largest decline over 1 year	-54.01%	-12.87%	-41.14%
Current Drawdown Current decline from peak	-79.16%	-4.87%	-74.29%
Average Drawdown Average peak-to-trough decline	-62.28%	-2.44%	-59.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.52%	3.14%	+24.38%

Volatility

WEED vs. XDTE - Volatility Comparison

Roundhill Cannabis ETF (WEED) has a higher volatility of 23.02% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 4.77%. This indicates that WEED'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

	WEED	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.02%	4.77%	+18.25%
Volatility (6M) Calculated over the trailing 6-month period	79.35%	8.90%	+70.45%
Volatility (1Y) Calculated over the trailing 1-year period	110.01%	15.42%	+94.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.86%	14.07%	+67.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.86%	14.07%	+67.79%