^DVG vs. QDTE
Compare and contrast key facts about NASDAQ US Dividend Achievers Select Index (^DVG) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
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: ^DVG or QDTE.
Correlation
The correlation between ^DVG and QDTE is 0.86, 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
^DVG vs. QDTE - Performance Comparison
Key characteristics
^DVG:
0.55
QDTE:
0.33
^DVG:
0.68
QDTE:
0.55
^DVG:
1.10
QDTE:
1.08
^DVG:
0.42
QDTE:
0.30
^DVG:
1.70
QDTE:
1.01
^DVG:
3.81%
QDTE:
6.87%
^DVG:
16.00%
QDTE:
21.56%
^DVG:
-48.54%
QDTE:
-22.86%
^DVG:
-5.71%
QDTE:
-14.28%
Returns By Period
In the year-to-date period, ^DVG achieves a -1.32% return, which is significantly higher than QDTE's -9.15% return.
^DVG
-1.32%
11.69%
-3.70%
8.97%
11.48%
9.21%
QDTE
-9.15%
8.98%
-10.86%
7.13%
N/A
N/A
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Risk-Adjusted Performance
^DVG vs. QDTE — Risk-Adjusted Performance Rank
^DVG
QDTE
^DVG vs. QDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ US Dividend Achievers Select Index (^DVG) 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.
Drawdowns
^DVG vs. QDTE - Drawdown Comparison
The maximum ^DVG drawdown since its inception was -48.54%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for ^DVG and QDTE. For additional features, visit the drawdowns tool.
Volatility
^DVG vs. QDTE - Volatility Comparison
NASDAQ US Dividend Achievers Select Index (^DVG) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) have volatilities of 9.23% and 9.69%, 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.