XDTE vs. IIPR
XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill, while IIPR (Innovative Industrial Properties, Inc.) is a stock. Over the past year, XDTE returned 22.20% vs 23.77% for IIPR. At a 0.33 correlation, their price movements are largely independent.
Performance
XDTE vs. IIPR - Performance Comparison
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Returns By Period
In the year-to-date period, XDTE achieves a 6.69% return, which is significantly lower than IIPR's 29.84% return.
XDTE
- 1D
- 0.31%
- 1M
- -0.27%
- YTD
- 6.69%
- 6M
- 6.52%
- 1Y
- 22.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IIPR
- 1D
- 1.08%
- 1M
- 3.32%
- YTD
- 29.84%
- 6M
- 28.01%
- 1Y
- 23.77%
- 3Y*
- 4.89%
- 5Y*
- -13.70%
- 10Y*
- —
XDTE vs. IIPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF | 6.69% | 12.60% | 17.12% |
IIPR Innovative Industrial Properties, Inc. | 29.84% | -18.40% | -25.51% |
Correlation
The correlation between XDTE and IIPR is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.33 |
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Return for Risk
XDTE vs. IIPR — Risk / Return Rank
XDTE
IIPR
XDTE vs. IIPR - 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 Innovative Industrial Properties, Inc. (IIPR). 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 | IIPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.15 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.12 | +1.78 |
| Martin ratioReturn relative to average drawdown | 13.13 | 2.73 | +10.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDTE | IIPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 0.58 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.40 | +0.76 |
Drawdowns
XDTE vs. IIPR - Drawdown Comparison
The maximum XDTE drawdown since its inception was -19.09%, smaller than the maximum IIPR drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for XDTE and IIPR.
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Drawdown Indicators
| XDTE | IIPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.09% | -78.42% | +59.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.68% | -21.29% | +13.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -78.42% | — |
Current DrawdownCurrent decline from peak | -2.61% | -68.82% | +66.21% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -37.04% | +34.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 8.72% | -7.03% |
Volatility
XDTE vs. IIPR - Volatility Comparison
The current volatility for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is 3.50%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 5.83%. This indicates that XDTE experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDTE | IIPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 5.83% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 29.58% | -20.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 40.99% | -29.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 41.59% | -27.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 48.41% | -34.49% |
Dividends
XDTE vs. IIPR - Dividend Comparison
XDTE's dividend yield for the trailing twelve months is around 33.68%, more than IIPR's 12.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IIPR Innovative Industrial Properties, Inc. | 12.84% | 16.05% | 11.28% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 1.87% | 1.70% |
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF | 33.68% | 39.16% | 20.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDTE and IIPR have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IIPR has higher volatility (5.83%) compared to XDTE (3.50%). In terms of maximum drawdown, XDTE dropped -19.09% vs IIPR's -78.42%.
XDTE currently has the higher Sharpe Ratio (1.99 vs 0.58), 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.
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