XDIV vs. RDTE

Last updated Jul 14, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and RDTE (Roundhill Russell 2000 0DTE Covered Call Strategy ETF) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while RDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, XDIV returned 21.49% vs 26.83% for RDTE. A 0.75 correlation means they provide meaningful diversification when combined. XDIV charges 0.08%/yr vs 0.97%/yr for RDTE.

Performance

XDIV vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) and Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV achieves a 10.16% return, which is significantly lower than RDTE's 17.79% return.

XDIV

• 1D: -0.55%
• 1M: 1.16%
• 6M: 8.21%
• YTD: 10.16%
• 1Y: 21.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: -0.55%
• 1M: 2.84%
• 6M: 13.42%
• YTD: 17.79%
• 1Y: 26.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDIV vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.16%	10.07%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	17.79%	7.05%

Correlation

The correlation between XDIV and RDTE is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.75

The correlation between XDIV and RDTE has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.

Return for Risk

XDIV vs. RDTE — Risk / Return Rank

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

XDIV

XDIV Risk / Return Rank: 65
XDIV Sharpe Ratio Rank: 65
XDIV Sortino Ratio Rank: 65
XDIV Omega Ratio Rank: 65
XDIV Calmar Ratio Rank: 59
XDIV Martin Ratio Rank: 71

RDTE

RDTE Risk / Return Rank: 63
RDTE Sharpe Ratio Rank: 59
RDTE Sortino Ratio Rank: 58
RDTE Omega Ratio Rank: 54
RDTE Calmar Ratio Rank: 73
RDTE Martin Ratio Rank: 70

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.

XDIV vs. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) and Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XDIV	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.58	+0.13
Sortino ratio: Return per unit of downside risk	2.37	2.19	+0.18
Omega ratio: Gain probability vs. loss probability	1.31	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	2.36	2.94	-0.58
Martin ratio: Return relative to average drawdown	10.37	10.18	+0.19

XDIV vs. RDTE - Sharpe Ratio Comparison

The current XDIV Sharpe Ratio is 1.70, which is comparable to the RDTE Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of XDIV and RDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XDIV vs. RDTE - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum RDTE drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for XDIV and RDTE.

Drawdown Indicators

	XDIV	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-24.32%	+15.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-9.17%	+0.01%
Current Drawdown Current decline from peak	-1.09%	-1.29%	+0.20%
Average Drawdown Average peak-to-trough decline	-1.27%	-4.44%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.64%	-0.56%

Volatility

XDIV vs. RDTE - Volatility Comparison

The current volatility for Roundhill S&P 500 No Dividend Target ETF (XDIV) is 3.99%, while Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) has a volatility of 4.30%. This indicates that XDIV experiences smaller price fluctuations and is considered to be less risky than RDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDIV	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	4.30%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	13.03%	-2.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	17.14%	-4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.67%	19.10%	-6.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.67%	19.10%	-6.43%

XDIV vs. RDTE - Expense Ratio Comparison

XDIV has a 0.08% expense ratio, which is lower than RDTE's 0.97% expense ratio.

Dividends

XDIV vs. RDTE - Dividend Comparison

XDIV has not paid dividends to shareholders, while RDTE's dividend yield for the trailing twelve months is around 44.43%.

Position	TTM	2025	2024
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	44.43%	50.16%	10.70%
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDIV and RDTE in my portfolio?

XDIV and RDTE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDIV or RDTE?

RDTE has higher volatility (4.30%) compared to XDIV (3.99%). In terms of maximum drawdown, XDIV dropped -9.16% vs RDTE's -24.32%.

Which ETF is better, XDIV or RDTE?

On 1-year performance, RDTE leads with 26.83% vs 21.49% for XDIV. On fees, XDIV is cheaper at 0.08% per year. On volatility, XDIV has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDIV or RDTE?

Over the 1-year period, RDTE has performed better with a 26.83% return vs 21.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDIV or RDTE?

XDIV is cheaper with a 0.08% expense ratio, compared with 0.97% for RDTE.

Which ETF pays a higher dividend yield, XDIV or RDTE?

RDTE has the higher dividend yield at 44.43%, compared with 0.00% for XDIV.

What is the main difference between XDIV and RDTE?

XDIV is categorized as S&P 500, while RDTE is Derivative Income. Their fees differ too: 0.08% for XDIV and 0.97% for RDTE.

Which has better risk-adjusted returns?

XDIV currently has the higher Sharpe Ratio (1.70 vs 1.58), 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.