WPAY vs. QDTE

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).

WPAY and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPAY is a passively managed fund by Roundhill that tracks the performance of the Solactive Roundhill WeeklyPay™ Universe Index. It was launched on Sep 3, 2025. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.

Performance

WPAY vs. QDTE - Performance Comparison

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

WPAY vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-2.47%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	-3.92%	8.93%

Returns By Period

In the year-to-date period, WPAY achieves a -10.65% return, which is significantly lower than QDTE's -3.92% return.

WPAY

• 1D: -1.58%
• 1M: -3.42%
• YTD: -10.65%
• 6M: -19.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 1.50%
• 1M: -4.27%
• YTD: -3.92%
• 6M: 0.35%
• 1Y: 21.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WPAY vs. QDTE - Expense Ratio Comparison

WPAY has a 0.99% expense ratio, which is higher than QDTE's 0.95% expense ratio.

WPAY

Roundhill WeeklyPay™ Universe ETF

QDTE

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

Return for Risk

WPAY vs. QDTE — Risk / Return Rank

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

QDTE

QDTE Risk / Return Rank: 58
QDTE Sharpe Ratio Rank: 60
QDTE Sortino Ratio Rank: 54
QDTE Omega Ratio Rank: 56
QDTE Calmar Ratio Rank: 59
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.

WPAY vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill WeeklyPay™ Universe ETF (WPAY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WPAY	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.80	-1.58

Correlation

The correlation between WPAY and QDTE is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

WPAY vs. QDTE - Dividend Comparison

WPAY's dividend yield for the trailing twelve months is around 36.55%, less than QDTE's 51.17% yield.

	TTM	2025	2024
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%	0.00%
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF	51.17%	49.49%	32.09%

Drawdowns

WPAY vs. QDTE - Drawdown Comparison

The maximum WPAY drawdown since its inception was -26.17%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for WPAY and QDTE.

Drawdown Indicators

	WPAY	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-22.86%	-3.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.08%	—
Current Drawdown Current decline from peak	-25.35%	-6.92%	-18.43%
Average Drawdown Average peak-to-trough decline	-11.92%	-3.30%	-8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.68%	—

Volatility

Volatility by Period

	WPAY	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.83%	19.37%	+9.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	18.71%	+10.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	18.71%	+10.12%