XDTE vs. GPTY

Last updated Jun 4, 2026

XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) and GPTY (YieldMax AI & Tech Portfolio Option Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XDTE returned 25.68% vs 55.13% for GPTY. Their correlation of 0.81 suggests significant overlap in exposure. XDTE charges 0.97%/yr vs 0.99%/yr for GPTY.

Performance

XDTE vs. GPTY - Performance Comparison

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

Returns By Period

In the year-to-date period, XDTE achieves a 8.83% return, which is significantly lower than GPTY's 36.39% return.

XDTE

• 1D: -0.66%
• 1M: 4.14%
• YTD: 8.83%
• 6M: 8.93%
• 1Y: 25.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GPTY

• 1D: -1.40%
• 1M: 19.04%
• YTD: 36.39%
• 6M: 32.30%
• 1Y: 55.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDTE vs. GPTY - Yearly Performance Comparison

	2026 (YTD)	2025
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.83%	8.19%
GPTY YieldMax AI & Tech Portfolio Option Income ETF	36.39%	17.15%

Correlation

The correlation between XDTE and GPTY is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.81

The correlation between XDTE and GPTY has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

XDTE vs. GPTY - Sectors Allocation Comparison

Sectors	XDTE	GPTY
Technology	35.6%	77.9%
Financial Services	11.8%	4.1%
Communication Services	11.2%	10.4%
Consumer Cyclical	10.1%	7.6%
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XDTE vs. GPTY — Risk / Return Rank

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

XDTE

XDTE Risk / Return Rank: 70
XDTE Sharpe Ratio Rank: 70
XDTE Sortino Ratio Rank: 67
XDTE Omega Ratio Rank: 70
XDTE Calmar Ratio Rank: 66
XDTE Martin Ratio Rank: 78

GPTY

GPTY Risk / Return Rank: 60
GPTY Sharpe Ratio Rank: 70
GPTY Sortino Ratio Rank: 62
GPTY Omega Ratio Rank: 64
GPTY Calmar Ratio Rank: 57
GPTY 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.

XDTE vs. GPTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) and YieldMax AI & Tech Portfolio Option Income ETF (GPTY). 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.

	XDTE	GPTY	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.33	+0.02
Sortino ratio: Return per unit of downside risk	3.15	2.98	+0.17
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	3.36	2.87	+0.49
Martin ratio: Return relative to average drawdown	15.35	7.65	+7.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDTE vs. GPTY - Sharpe Ratio Comparison

The current XDTE Sharpe Ratio is 2.35, which is comparable to the GPTY Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of XDTE and GPTY, 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

	XDTE	GPTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.33	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	1.44	-0.19

Drawdowns

XDTE vs. GPTY - Drawdown Comparison

The maximum XDTE drawdown since its inception was -19.09%, smaller than the maximum GPTY drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for XDTE and GPTY.

Drawdown Indicators

	XDTE	GPTY	Difference
Max Drawdown Largest peak-to-trough decline	-19.09%	-26.62%	+7.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	-19.32%	+11.64%
Current Drawdown Current decline from peak	-0.66%	-1.40%	+0.74%
Average Drawdown Average peak-to-trough decline	-2.32%	-6.52%	+4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	7.23%	-5.55%

Volatility

XDTE vs. GPTY - Volatility Comparison

The current volatility for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is 2.53%, while YieldMax AI & Tech Portfolio Option Income ETF (GPTY) has a volatility of 7.41%. This indicates that XDTE experiences smaller price fluctuations and is considered to be less risky than GPTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDTE	GPTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	7.41%	-4.88%
Volatility (6M) Calculated over the trailing 6-month period	8.28%	18.19%	-9.91%
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	23.95%	-12.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	28.85%	-15.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	28.85%	-15.00%

XDTE vs. GPTY - Expense Ratio Comparison

XDTE has a 0.97% expense ratio, which is lower than GPTY's 0.99% expense ratio.

Dividends

XDTE vs. GPTY - Dividend Comparison

XDTE's dividend yield for the trailing twelve months is around 33.00%, more than GPTY's 32.54% yield.

Position	TTM	2025	2024
GPTY YieldMax AI & Tech Portfolio Option Income ETF	32.54%	34.23%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.00%	39.16%	20.35%

Frequently Asked Questions

Can I hold both XDTE and GPTY in my portfolio?

XDTE and GPTY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDTE or GPTY?

GPTY has higher volatility (7.41%) compared to XDTE (2.53%). In terms of maximum drawdown, XDTE dropped -19.09% vs GPTY's -26.62%.

Which ETF is better, XDTE or GPTY?

On 1-year performance, GPTY leads with 55.13% vs 25.68% for XDTE. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDTE or GPTY?

Over the 1-year period, GPTY has performed better with a 55.13% return vs 25.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDTE or GPTY?

XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for GPTY.

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

XDTE has the higher dividend yield at 33.00%, compared with 32.54% for GPTY.

What is the main difference between XDTE and GPTY?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.97% for XDTE and 0.99% for GPTY.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (2.35 vs 2.33), 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.