XDTE vs. YMAX
Compare and contrast key facts about Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) and YieldMax Universe Fund of Option Income ETFs (YMAX).
XDTE and YMAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XDTE or YMAX.
Key characteristics
| XDTE | YMAX | |
|---|---|---|
| Daily Std Dev | 12.41% | 18.58% |
| Max Drawdown | -6.90% | -12.78% |
| Current Drawdown | -0.31% | -6.88% |
Correlation
The correlation between XDTE and YMAX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XDTE vs. YMAX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XDTE vs. YMAX - Expense Ratio Comparison
XDTE has a 0.95% expense ratio, which is lower than YMAX's 1.28% expense ratio.
Risk-Adjusted Performance
XDTE vs. YMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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.
Not enough dataDividends
XDTE vs. YMAX - Dividend Comparison
XDTE's dividend yield for the trailing twelve months is around 12.00%, less than YMAX's 25.20% yield.
Drawdowns
XDTE vs. YMAX - Drawdown Comparison
The maximum XDTE drawdown since its inception was -6.90%, smaller than the maximum YMAX drawdown of -12.78%. Use the drawdown chart below to compare losses from any high point for XDTE and YMAX. For additional features, visit the drawdowns tool.
Volatility
XDTE vs. YMAX - Volatility Comparison
The current volatility for Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is 3.98%, while YieldMax Universe Fund of Option Income ETFs (YMAX) has a volatility of 5.84%. This indicates that XDTE experiences smaller price fluctuations and is considered to be less risky than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.