XDTE vs. VONG

Last updated Jun 28, 2026

XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) and VONG (Vanguard Russell 1000 Growth ETF) are both exchange-traded funds - XDTE is a Derivative Income fund actively managed by Roundhill, while VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. XDTE is actively managed, while VONG is passively managed. Over the past year, XDTE returned 18.93% vs 13.10% for VONG. Their correlation of 0.91 suggests significant overlap in exposure. XDTE charges 0.97%/yr vs 0.06%/yr for VONG.

Performance

XDTE vs. VONG - 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 Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDTE achieves a 6.55% return, which is significantly higher than VONG's 0.56% return.

XDTE

• 1D: -0.49%
• 1M: -2.38%
• YTD: 6.55%
• 6M: 5.39%
• 1Y: 18.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VONG

• 1D: 0.39%
• 1M: -7.09%
• YTD: 0.56%
• 6M: -0.97%
• 1Y: 13.10%
• 3Y*: 21.36%
• 5Y*: 12.80%
• 10Y*: 18.28%

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

XDTE vs. VONG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.55%	12.60%	17.12%
VONG Vanguard Russell 1000 Growth ETF	0.56%	18.45%	22.32%

Correlation

The correlation between XDTE and VONG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.91

The correlation between XDTE and VONG has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

XDTE vs. VONG - Sectors Allocation Comparison

Sectors	XDTE	VONG
Technology	39.0%	54.1%
Financial Services	11.1%	4.8%
Communication Services	10.6%	12.0%
Consumer Cyclical	9.9%	12.5%
Healthcare	8.3%	6.9%
Industrials	7.8%	4.9%
Consumer Defensive	4.5%	2.5%
Energy	3.1%	0.4%
Utilities	2.1%	1.0%
Real Estate	1.8%	0.4%
Basic Materials	1.7%	0.3%

Return for Risk

XDTE vs. VONG — Risk / Return Rank

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

XDTE

XDTE Risk / Return Rank: 59
XDTE Sharpe Ratio Rank: 57
XDTE Sortino Ratio Rank: 53
XDTE Omega Ratio Rank: 56
XDTE Calmar Ratio Rank: 59
XDTE Martin Ratio Rank: 68

VONG

VONG Risk / Return Rank: 23
VONG Sharpe Ratio Rank: 24
VONG Sortino Ratio Rank: 23
VONG Omega Ratio Rank: 23
VONG Calmar Ratio Rank: 20
VONG Martin Ratio Rank: 23

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. VONG - 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 Vanguard Russell 1000 Growth ETF (VONG). 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	VONG	Difference
Sharpe ratio: Return per unit of total volatility	1.71	0.85	+0.85
Sortino ratio: Return per unit of downside risk	2.30	1.24	+1.06
Omega ratio: Gain probability vs. loss probability	1.31	1.16	+0.16
Calmar ratio: Return relative to maximum drawdown	2.56	0.85	+1.71
Martin ratio: Return relative to average drawdown	11.06	2.72	+8.33

XDTE vs. VONG - Sharpe Ratio Comparison

The current XDTE Sharpe Ratio is 1.71, which is higher than the VONG Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of XDTE and VONG, 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. VONG - Drawdown Comparison

The maximum XDTE drawdown since its inception was -19.09%, smaller than the maximum VONG drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for XDTE and VONG.

Drawdown Indicators

	XDTE	VONG	Difference
Max Drawdown Largest peak-to-trough decline	-19.09%	-32.72%	+13.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	-16.23%	+8.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.72%	—
Current Drawdown Current decline from peak	-2.73%	-7.73%	+5.00%
Average Drawdown Average peak-to-trough decline	-2.31%	-4.88%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	5.04%	-3.27%

Volatility

XDTE vs. VONG - Volatility Comparison

The current volatility for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is 4.46%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 6.08%. This indicates that XDTE experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDTE	VONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	6.08%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	9.06%	12.55%	-3.49%
Volatility (1Y) Calculated over the trailing 1-year period	11.53%	16.13%	-4.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	21.45%	-7.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	20.91%	-6.97%

XDTE vs. VONG - Expense Ratio Comparison

XDTE has a 0.97% expense ratio, which is higher than VONG's 0.06% expense ratio.

Dividends

XDTE vs. VONG - Dividend Comparison

XDTE's dividend yield for the trailing twelve months is around 33.50%, more than VONG's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VONG Vanguard Russell 1000 Growth ETF	0.48%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.50%	39.16%	20.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDTE and VONG in my portfolio?

XDTE and VONG have a correlation of 0.89, 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 VONG?

VONG has higher volatility (6.08%) compared to XDTE (4.46%). In terms of maximum drawdown, XDTE dropped -19.09% vs VONG's -32.72%.

Which ETF is better, XDTE or VONG?

On 1-year performance, XDTE leads with 18.93% vs 13.10% for VONG. On fees, VONG is cheaper at 0.06% per year. On volatility, XDTE has been the lower-risk option at 4.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDTE or VONG?

Over the 1-year period, XDTE has performed better with a 18.93% return vs 13.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDTE or VONG?

VONG is cheaper with a 0.06% expense ratio, compared with 0.97% for XDTE.

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

XDTE has the higher dividend yield at 33.50%, compared with 0.48% for VONG.

What is the main difference between XDTE and VONG?

XDTE is categorized as Derivative Income, while VONG is Large Cap Growth Equities. They also come from different issuers: Roundhill and Vanguard. Their fees differ too: 0.97% for XDTE and 0.06% for VONG.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.71 vs 0.85), 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.