YMAX vs. XDTE
Compare and contrast key facts about YieldMax Universe Fund of Option Income ETFs (YMAX) and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE).
YMAX and XDTE 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. XDTE 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 XDTE.
Key characteristics
| YMAX | XDTE | |
|---|---|---|
| Daily Std Dev | 18.22% | 11.99% |
| Max Drawdown | -12.78% | -6.90% |
| Current Drawdown | -0.99% | 0.00% |
Correlation
The correlation between YMAX and XDTE is 0.81, 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. XDTE - 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. XDTE - Expense Ratio Comparison
YMAX has a 1.28% expense ratio, which is higher than XDTE's 0.95% expense ratio.
Risk-Adjusted Performance
YMAX vs. XDTE - 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 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.
Not enough dataDividends
YMAX vs. XDTE - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 33.71%, more than XDTE's 14.63% yield.
Drawdowns
YMAX vs. XDTE - Drawdown Comparison
The maximum YMAX drawdown since its inception was -12.78%, which is greater than XDTE's maximum drawdown of -6.90%. Use the drawdown chart below to compare losses from any high point for YMAX and XDTE. For additional features, visit the drawdowns tool.
Volatility
YMAX vs. XDTE - Volatility Comparison
YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 5.57% compared to Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 3.35%. This indicates that YMAX'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.