YMAX vs. QDTE
Compare and contrast key facts about YieldMax Universe Fund of Option Income ETFs (YMAX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
YMAX and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YMAX or QDTE.
Key characteristics
| YMAX | QDTE | |
|---|---|---|
| Daily Std Dev | 18.68% | 17.87% |
| Max Drawdown | -12.78% | -10.74% |
| Current Drawdown | -7.40% | -1.75% |
Correlation
The correlation between YMAX and QDTE is 0.84, 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
YMAX vs. QDTE - 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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YMAX vs. QDTE - Expense Ratio Comparison
YMAX has a 1.28% expense ratio, which is higher than QDTE's 0.95% expense ratio.
Risk-Adjusted Performance
YMAX vs. QDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) and Roundhill ETF Trust - Roundhill N-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.
Not enough dataDividends
YMAX vs. QDTE - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 25.35%, more than QDTE's 19.53% yield.
Drawdowns
YMAX vs. QDTE - Drawdown Comparison
The maximum YMAX drawdown since its inception was -12.78%, which is greater than QDTE's maximum drawdown of -10.74%. Use the drawdown chart below to compare losses from any high point for YMAX and QDTE. For additional features, visit the drawdowns tool.
Volatility
YMAX vs. QDTE - Volatility Comparison
YieldMax Universe Fund of Option Income ETFs (YMAX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) have volatilities of 5.93% and 5.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.