WPAY vs. XDTE

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill WeeklyPay™ Universe ETF (WPAY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).

WPAY and XDTE 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. XDTE is an actively managed fund by Roundhill. It was launched on Mar 7, 2024.

Performance

WPAY vs. XDTE - Performance Comparison

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

WPAY vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-2.47%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	-2.43%	6.15%

Returns By Period

In the year-to-date period, WPAY achieves a -10.65% return, which is significantly lower than XDTE's -2.43% return.

WPAY

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

WPAY vs. XDTE - Expense Ratio Comparison

WPAY has a 0.99% expense ratio, which is higher than XDTE's 0.97% expense ratio.

WPAY

Roundhill WeeklyPay™ Universe ETF

XDTE

Roundhill S&P 500 0DTE Covered Call Strategy ETF

Return for Risk

WPAY vs. XDTE — Risk / Return Rank

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

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.

WPAY vs. XDTE - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	WPAY	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.90	-1.69

Correlation

The correlation between WPAY and XDTE is 0.74, 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. XDTE - Dividend Comparison

WPAY's dividend yield for the trailing twelve months is around 36.55%, less than XDTE's 38.73% yield.

	TTM	2025	2024
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	38.73%	39.16%	20.35%

Drawdowns

WPAY vs. XDTE - Drawdown Comparison

The maximum WPAY drawdown since its inception was -26.17%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for WPAY and XDTE.

Drawdown Indicators

	WPAY	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-19.09%	-7.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.87%	—
Current Drawdown Current decline from peak	-25.35%	-4.87%	-20.48%
Average Drawdown Average peak-to-trough decline	-11.92%	-2.44%	-9.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.14%	—

Volatility

Volatility by Period

	WPAY	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.83%	15.42%	+13.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.83%	14.07%	+14.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.83%	14.07%	+14.76%