YMAG vs. XDTE

Last updated Jun 9, 2026

YMAG (YieldMax Magnificent 7 Fund of Option Income ETFs) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YMAG returned 24.05% vs 22.20% for XDTE. Their correlation of 0.82 suggests significant overlap in exposure. YMAG charges 1.28%/yr vs 0.97%/yr for XDTE.

Performance

YMAG vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YMAG achieves a 1.30% return, which is significantly lower than XDTE's 6.69% return.

YMAG

• 1D: 0.33%
• 1M: -3.35%
• YTD: 1.30%
• 6M: 1.65%
• 1Y: 24.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: 0.31%
• 1M: -0.27%
• YTD: 6.69%
• 6M: 6.52%
• 1Y: 22.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YMAG vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	1.30%	18.64%	28.31%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	6.69%	12.60%	16.39%

Correlation

The correlation between YMAG and XDTE is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.82

The correlation between YMAG and XDTE has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

YMAG vs. XDTE - Sectors Allocation Comparison

Sectors	YMAG	XDTE
Financial Services	100.0%	11.8%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%
Utilities	-	2.4%

Return for Risk

YMAG vs. XDTE — Risk / Return Rank

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

YMAG

YMAG Risk / Return Rank: 43
YMAG Sharpe Ratio Rank: 47
YMAG Sortino Ratio Rank: 45
YMAG Omega Ratio Rank: 45
YMAG Calmar Ratio Rank: 37
YMAG Martin Ratio Rank: 40

XDTE

XDTE Risk / Return Rank: 68
XDTE Sharpe Ratio Rank: 67
XDTE Sortino Ratio Rank: 63
XDTE Omega Ratio Rank: 68
XDTE Calmar Ratio Rank: 64
XDTE Martin Ratio Rank: 76

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.

YMAG vs. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.

	YMAG	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.99	-0.50
Sortino ratio: Return per unit of downside risk	2.02	2.64	-0.62
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	1.68	2.90	-1.22
Martin ratio: Return relative to average drawdown	5.87	13.13	-7.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YMAG vs. XDTE - Sharpe Ratio Comparison

The current YMAG Sharpe Ratio is 1.49, which is comparable to the XDTE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of YMAG and XDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	YMAG	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.99	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	1.16	-0.05

Drawdowns

YMAG vs. XDTE - Drawdown Comparison

The maximum YMAG drawdown since its inception was -25.96%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for YMAG and XDTE.

Drawdown Indicators

	YMAG	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-25.96%	-19.09%	-6.87%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-7.68%	-6.70%
Current Drawdown Current decline from peak	-5.05%	-2.61%	-2.44%
Average Drawdown Average peak-to-trough decline	-4.52%	-2.31%	-2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	1.69%	+2.42%

Volatility

YMAG vs. XDTE - Volatility Comparison

YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) has a higher volatility of 4.87% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.50%. This indicates that YMAG's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMAG	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	3.50%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	12.03%	8.68%	+3.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.29%	11.25%	+5.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.95%	13.92%	+7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	13.92%	+7.03%

YMAG vs. XDTE - Expense Ratio Comparison

YMAG has a 1.28% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

YMAG vs. XDTE - Dividend Comparison

YMAG's dividend yield for the trailing twelve months is around 51.73%, more than XDTE's 33.68% yield.

Position	TTM	2025	2024
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.68%	39.16%	20.35%
YMAG YieldMax Magnificent 7 Fund of Option Income ETFs	51.73%	52.27%	35.22%

Frequently Asked Questions

Can I hold both YMAG and XDTE in my portfolio?

YMAG and XDTE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YMAG or XDTE?

YMAG has higher volatility (4.87%) compared to XDTE (3.50%). In terms of maximum drawdown, YMAG dropped -25.96% vs XDTE's -19.09%.

Which ETF is better, YMAG or XDTE?

On 1-year performance, YMAG leads with 24.05% vs 22.20% for XDTE. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YMAG or XDTE?

Over the 1-year period, YMAG has performed better with a 24.05% return vs 22.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YMAG or XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 1.28% for YMAG.

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

YMAG has the higher dividend yield at 51.73%, compared with 33.68% for XDTE.

What is the main difference between YMAG and XDTE?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.28% for YMAG and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (1.99 vs 1.49), 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.