QDTE vs XDTE: Performance, Holdings, Fees & Risk
QDTE and XDTE are ETFs, but they can differ materially in exposure, yield, fees and risk. QDTE is Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF, while XDTE is Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF. QDTE is broader by holdings count, with 7 positions versus 4 for XDTE.
What is the main difference between QDTE and XDTE?
QDTE and XDTE have little in common: 5% of their weight is in the same securities.
| Metric | QDTE | XDTE |
|---|---|---|
| Fund | ||
| Expense ratio | 0.96% | 0.97% |
| Holdings | 7 | 4 |
| Distribution yieldTrailing 12 months | 45.03% | 30.24% |
| Average volume | 519,912 | 156,181 |
| Performance | ||
| 1Y return | -22.2% | -14.1% |
| YTD return | -10.6% | -5.2% |
| Risk | ||
| Annualized volatility | 20.8% | 13.8% |
| Max drawdown (1Y) | -26.6% | -19.6% |
| Beta | 1.35 | 0.94 |
| Sharpe ratio | -1.25 | -1.30 |
| Sortino ratio | -1.54 | -1.54 |
| AlgovestIQ | ||
| AIQ Score | 44/100 | 44/100 |
| AIQ Edge Score | 3/10 | 3/10 |
| Momentum | 24/100 | 27/100 |
| Risk Resilience | 68/100 | 85/100 |
AlgovestIQ AIQ Comparison
Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF vs Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
QDTE and XDTE are effectively level
QDTE and XDTE are effectively level on the AIQ Score; the factor table below shows where each one holds its advantage.
Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
The Algovestiq AIQ Score does not currently separate QDTE and XDTE as of Oct 24, 2026. Both names are scored on the same 0–100 scale across Quality, Value, Momentum and Risk Resilience, and the factor table below shows where each one holds its advantage.
Compare Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF and Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
QDTE vs XDTE: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | QDTE | XDTE | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.96% | 0.97% | Similar |
| Broader diversificationNumber of holdings | 7 | 4 | QDTE |
| Higher incomeTrailing 12-month distribution yield | 45.03% | 30.24% | QDTE |
| Smaller drawdownsMax drawdown, 1 year | -26.6% | -19.6% | XDTE |
| Lower volatilityAnnualized volatility, 1 year | 20.8% | 13.8% | XDTE |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare QDTE and XDTE against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Risk Resilience68 vs 85XDTE +17
- Quality48 vs 41QDTE +7
- Momentum24 vs 27Even
Neither name separates cleanly on the covered dimensions.
What changed since the last close
Latest scored session 2026-10-23, compared against the prior scored session 2026-10-22.
No factor moved materially.
No signal started or stopped since the prior session; its 7 active signals are unchanged.
Largest factor move: Momentum -5, not enough on its own to move the overall score.
New signals
- Keltner Channel Breakdown — bearish, volatility, short horizon
Deeper signal detail for each name lives on its own signals page — QDTE and XDTE both carry a full feed there.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | QDTE | XDTE | Why it matters |
|---|---|---|---|
| Expense ratio | 0.96% | 0.97% | Lower is better — it compounds against you every year you hold. |
| Holdings | 7 | 4 | More holdings means broader diversification, not better returns. |
| Average volume | 519,912 | 156,181 | Liquidity — matters most if you trade size. |
| Annualized volatility | 20.8% | 13.8% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -26.6% | -19.6% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -1.25 | -1.30 | Return per unit of risk. Higher is better. |
| Beta | 1.35 | 0.94 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
QDTE and XDTE share 5.01% of their weighted exposure across 1 common holdings.
5 holdings are unique to QDTE, and 2 holdings are unique to XDTE. Owning both is genuinely additive — most of the capital sits in different securities.
Largest shared positions
| Holding | QDTE | XDTE | Shared |
|---|---|---|---|
| WEEKRoundhill Weekly T-Bill ETF | 5.01% | 7.22% | 5.01% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What QDTE adds that XDTE doesn’t
| Holding | QDTE | XDTE |
|---|---|---|
| 4NDX 270319C02510150NDX 03/19/2027 2510.15 C | 25.83% | Not held |
| 4NDX 261218C024501004NDX US 12/18/26 C2450.1 FLX | 25.02% | Not held |
| 4NDX 270611C03059420NDX 06/11/2027 3059.42 C | 22.03% | Not held |
| 4NDX 260918C022500004NDX US 09/18/26 C2250 FLX | 18.14% | Not held |
| FGXXXFirst American Government Obligations Fund 12/01/2031 | 3.28% | Not held |
What XDTE adds that QDTE doesn’t
| Holding | XDTE | QDTE |
|---|---|---|
| 4SPX 270319C00678800SPX 03/19/2027 678.8 C | 66.25% | Not held |
| 4SPX 270611C00678800SPX 06/11/2027 678.8 C | 24.61% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
QDTE vs XDTE: five-year payout growth
QDTE began paying distributions in 2024, so it has no 2020-2025 growth rate to compare. XDTE began paying distributions in 2024, so it has no 2020-2025 growth rate to compare.
| Dividend metric | QDTE | XDTE |
|---|---|---|
| 2025 annual payout | $15.261 | $15.536 |
| Peer rank | not ranked | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
How each independent group of evidence reads the pair.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 44 vs 44 |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | XDTE | Price vs 50-day -4.7% vs -2.4%; vs 200-day -7.1% vs -3.2% |
| Risk Resilience | XDTE | Risk Resilience 68 vs 85 |
| Analyst expectations | Not covered | Not covered |
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 0 points. (argues the conclusion is provisional)
- Only 0 of 3 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
How the comparison changed
48 daily snapshots · Sep 6 – Oct 23QDTE lead: Weakening — the AIQ differential moved from 15 to 0 points over 30 sessions.
- Today
- Level
- 44 vs 44
- 7 sessions ago
- QDTE +1
- 47 vs 46
- 30 sessions ago
- QDTE +15
- 63 vs 48
- 90 sessions ago
- Not covered
The lead has not changed hands in this window.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 5 bearish / 1 neutral, conflicted
Only QDTE
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
- 52-Week Low Proximity — bearish, risk, long horizon (2.4%)
0 bullish / 4 bearish / 2 neutral
Only XDTE
- ATR Contraction - Coiling — neutral, volatility, short horizon (0.84%)
Both carry 5 more signals that do not separate them: Bollinger Band Squeeze, Death Cross Active, Keltner Channel Breakdown, Downtrend Structure Active, MACD Bearish Crossover.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.18%, AIQ 0 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.34%, AIQ 0 points).
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
XDTE leads 6 of 6 windows| Metric | QDTE | XDTE |
|---|---|---|
| 1 week (5 sessions) | -0.9% | -0.6% |
| 1 month (20 sessions) | -6% | -2.4% |
| 3 months (63 sessions) | -3.4% | -1.8% |
| 6 months (126 sessions) | -8.3% | -3.6% |
| Year to date | -10.6% | -5.2% |
| 1 year (252 sessions) | -22.2% | -14.1% |
Technicals
XDTE has the stronger structure| Metric | QDTE | XDTE |
|---|---|---|
| RSI (14) | 24.2 | 32.3 |
| ADX (14) | 28 | 24.1 |
| Price vs 50-day | -4.7% | -2.4% |
| Price vs 200-day | -7.1% | -3.2% |
| Volatility (1M, annualized) | 19.7% | 10% |
Risk
XDTE is the more resilient| Metric | QDTE | XDTE |
|---|---|---|
| Beta | 1.35 | 0.94 |
| Sharpe ratio | -1.25 | -1.3 |
| Sortino ratio | -1.54 | -1.54 |
| Max drawdown | -26.6% | -19.6% |
| Current drawdown | -24.6% | -16% |
| Annualized volatility | 20.8% | 13.8% |
| Value at risk (95%) | -2.3% | -1.5% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between QDTE and XDTE?
QDTE and XDTE have little in common: 5% of their weight is in the same securities.
How much do QDTE and XDTE overlap?
QDTE and XDTE share 5.01% of their weighted exposure across 1 common holdings. 5 holdings are unique to QDTE, and 2 holdings are unique to XDTE. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, QDTE or XDTE?
QDTE holds more positions: 7 versus 4 for XDTE.
Which has the lower expense ratio?
The two are within a basis point: 0.96% for QDTE and 0.97% for XDTE.
Which ETF has the higher distribution yield?
QDTE, with a trailing 12-month distribution yield of 45.03% against 30.24% for XDTE.
Which ETF has been more volatile?
QDTE has been more volatile over the past year, at 20.8% annualized against 13.8% for XDTE.
Which ETF has had the smaller drawdown?
XDTE fell less from peak to trough over the past year: -19.6% against -26.6% for QDTE.
Compare QDTE and XDTE with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.