YBTC vs. QDTE
YBTC (Roundhill Bitcoin Covered Call Strategy ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - YBTC is a Cryptocurrency fund actively managed by Roundhill, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, YBTC returned -40.21% vs 25.08% for QDTE. Their 0.45 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
YBTC vs. QDTE - Performance Comparison
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Returns By Period
In the year-to-date period, YBTC achieves a -23.96% return, which is significantly lower than QDTE's 10.53% return.
YBTC
- 1D
- -3.00%
- 1M
- 3.48%
- 6M
- -20.57%
- YTD
- -23.96%
- 1Y
- -40.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.99%
QDTE
- 1D
- 0.81%
- 1M
- -1.54%
- 6M
- 8.89%
- YTD
- 10.53%
- 1Y
- 25.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.47M | $18.74M | $19.73M | |
| $1.21M | $1.11M | $1.55M |
YBTC vs. QDTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YBTC Roundhill Bitcoin Covered Call Strategy ETF | -23.96% | -4.23% | 29.07% |
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 10.53% | 19.32% | 17.13% |
Correlation
The correlation between YBTC and QDTE is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.45 |
The correlation between YBTC and QDTE has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.
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Return for Risk
YBTC vs. QDTE — Risk / Return Rank
YBTC
QDTE
YBTC vs. QDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Bitcoin Covered Call Strategy ETF (YBTC) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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.
| YBTC | QDTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.22 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.23 | -3.10 |
| Martin ratioReturn relative to average drawdown | -1.35 | 7.58 | -8.93 |
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Drawdowns
YBTC vs. QDTE - Drawdown Comparison
The maximum YBTC drawdown since its inception was -48.84%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for YBTC and QDTE.
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Drawdown Indicators
| YBTC | QDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.84% | -22.86% | -25.98% |
Max Drawdown (1Y)Largest decline over 1 year | -48.84% | -10.20% | -38.64% |
Current DrawdownCurrent decline from peak | -44.47% | -5.34% | -39.13% |
Average DrawdownAverage peak-to-trough decline | -14.91% | -3.17% | -11.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.35% | 2.99% | +28.36% |
Volatility
YBTC vs. QDTE - Volatility Comparison
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a higher volatility of 7.65% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 6.78%. This indicates that YBTC's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YBTC | QDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 6.78% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 14.80% | +16.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.25% | 18.06% | +22.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.45% | 19.17% | +21.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.45% | 19.17% | +21.28% |
YBTC vs. QDTE - Expense Ratio Comparison
Both YBTC and QDTE have an expense ratio of 0.95%.
Dividends
YBTC vs. QDTE - Dividend Comparison
YBTC's dividend yield for the trailing twelve months is around 80.99%, more than QDTE's 46.41% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF | 46.41% | 49.49% | 32.09% |
YBTC Roundhill Bitcoin Covered Call Strategy ETF | 80.99% | 76.04% | 44.53% |
Frequently Asked Questions
YBTC and QDTE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YBTC has higher volatility (7.65%) compared to QDTE (6.78%). In terms of maximum drawdown, YBTC dropped -48.84% vs QDTE's -22.86%.
On 1-year performance, QDTE leads with 25.08% vs -40.21% for YBTC. Both ETFs have the same 0.95% expense ratio. On volatility, QDTE has been the lower-risk option at 6.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QDTE has performed better with a 25.08% return vs -40.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YBTC and QDTE have the same expense ratio: 0.95% per year.
YBTC has the higher dividend yield at 80.99%, compared with 46.41% for QDTE.
YBTC is categorized as Cryptocurrency, while QDTE is Derivative Income.
QDTE currently has the higher Sharpe Ratio (1.26 vs -1.06), 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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