XDTE vs. RDTE

Last updated Jun 24, 2026

XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) and RDTE (Roundhill Russell 2000 0DTE Covered Call Strategy ETF) are both Derivative Income funds from Roundhill. Both are actively managed. Over the past year, XDTE returned 22.04% vs 30.49% for RDTE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.97% expense ratio.

Performance

XDTE vs. RDTE - 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 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, XDTE achieves a 6.79% return, which is significantly lower than RDTE's 16.99% return.

XDTE

• 1D: -1.35%
• 1M: -0.74%
• YTD: 6.79%
• 6M: 5.92%
• 1Y: 22.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: -0.88%
• 1M: 5.32%
• YTD: 16.99%
• 6M: 14.85%
• 1Y: 30.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDTE vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.79%	12.60%	7.54%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	16.99%	9.46%	8.32%

Correlation

The correlation between XDTE and RDTE is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.80

The correlation between XDTE and RDTE has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

XDTE vs. RDTE — Risk / Return Rank

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

XDTE

XDTE Risk / Return Rank: 61
XDTE Sharpe Ratio Rank: 59
XDTE Sortino Ratio Rank: 55
XDTE Omega Ratio Rank: 59
XDTE Calmar Ratio Rank: 61
XDTE Martin Ratio Rank: 70

RDTE

RDTE Risk / Return Rank: 58
RDTE Sharpe Ratio Rank: 54
RDTE Sortino Ratio Rank: 52
RDTE Omega Ratio Rank: 49
RDTE Calmar Ratio Rank: 70
RDTE Martin Ratio Rank: 66

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. RDTE - 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 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.

	XDTE	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.78	+0.14
Sortino ratio: Return per unit of downside risk	2.56	2.42	+0.14
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	2.88	3.34	-0.46
Martin ratio: Return relative to average drawdown	12.61	11.57	+1.05

XDTE vs. RDTE - Sharpe Ratio Comparison

The current XDTE Sharpe Ratio is 1.92, which is comparable to the RDTE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of XDTE 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

XDTE vs. RDTE - Drawdown Comparison

The maximum XDTE drawdown since its inception was -19.09%, smaller than the maximum RDTE drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for XDTE and RDTE.

Drawdown Indicators

	XDTE	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-19.09%	-24.32%	+5.23%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	-9.17%	+1.49%
Current Drawdown Current decline from peak	-2.52%	-0.88%	-1.64%
Average Drawdown Average peak-to-trough decline	-2.31%	-4.55%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.64%	-0.89%

Volatility

XDTE vs. RDTE - Volatility Comparison

The current volatility for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is 4.52%, while Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) has a volatility of 6.08%. This indicates that XDTE 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

	XDTE	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	6.08%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	13.07%	-3.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	17.25%	-5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	19.30%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.97%	19.30%	-5.33%

XDTE vs. RDTE - Expense Ratio Comparison

Both XDTE and RDTE have an expense ratio of 0.97%.

Dividends

XDTE vs. RDTE - Dividend Comparison

XDTE's dividend yield for the trailing twelve months is around 33.21%, less than RDTE's 44.14% yield.

Position	TTM	2025	2024
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	44.14%	50.16%	10.70%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.21%	39.16%	20.35%

Frequently Asked Questions

Can I hold both XDTE and RDTE in my portfolio?

XDTE and RDTE have a correlation of 0.79, 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 RDTE?

RDTE has higher volatility (6.08%) compared to XDTE (4.52%). In terms of maximum drawdown, XDTE dropped -19.09% vs RDTE's -24.32%.

Which ETF is better, XDTE or RDTE?

On 1-year performance, RDTE leads with 30.49% vs 22.04% for XDTE. Both ETFs have the same 0.97% expense ratio. On volatility, XDTE has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDTE or RDTE?

Over the 1-year period, RDTE has performed better with a 30.49% return vs 22.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDTE or RDTE?

XDTE and RDTE have the same expense ratio: 0.97% per year.

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

RDTE has the higher dividend yield at 44.14%, compared with 33.21% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.92 vs 1.78), 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.