XDTE vs YMAX: Performance, Holdings, Fees & Risk
XDTE and YMAX are ETFs, but they can differ materially in exposure, yield, fees and risk. XDTE is Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF, while YMAX is YieldMax Universe Fund of Option Income ETFs. YMAX is broader by holdings count, with 30 positions versus 4 for XDTE. XDTE has the lower expense ratio. Current AlgovestIQ evidence has XDTE ahead on AIQ Score, 44 versus 40.
What is the main difference between XDTE and YMAX?
YMAX puts 61% of its assets in Technology, while XDTE spreads across 11 sectors with none above 39%.
| Metric | XDTE | YMAX |
|---|---|---|
| Fund | ||
| Expense ratio | 0.97% | 1.33% |
| Holdings | 4 | 30 |
| Distribution yieldTrailing 12 months | 30.24% | 61.76% |
| Average volume | 156,181 | 1,259,499 |
| Performance | ||
| 1Y return | -14.1% | -43.1% |
| YTD return | -5.2% | -27.2% |
| Risk | ||
| Annualized volatility | 13.8% | 25.9% |
| Max drawdown (1Y) | -19.6% | -43.1% |
| Beta | 0.94 | 1.62 |
| Sharpe ratio | -1.30 | -2.08 |
| Sortino ratio | -1.54 | -3.05 |
| AlgovestIQ | ||
| AIQ Score | 44/100 | 40/100 |
| AIQ Edge Score | 3/10 | 2/10 |
| Momentum | 27/100 | 26/100 |
| Risk Resilience | 85/100 | 57/100 |
AlgovestIQ AIQ Comparison
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF vs YieldMax Universe Fund of Option Income ETFs
XDTE leads
XDTE leads by 4 AIQ points, primarily on Risk Resilience and Value, having only recently taken the lead back from YMAX.
Fragile: 4 of 4 evidence groups support XDTE, and the lead recently changed hands.
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
YieldMax Universe Fund of Option Income ETFs
The Algovestiq AIQ Score currently favors XDTE over YMAX, 44 versus 40 as of Oct 24, 2026. XDTE's advantage is driven primarily by stronger risk resilience and value, while YMAX holds the stronger quality profile. XDTE also shows the stronger technical structure relative to its 50-day moving average. 4 of 4 covered evidence groups favor XDTE today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 4 points. XDTE lead: Reversed — YMAX led by 1 AIQ points 30 sessions ago; XDTE now leads by 4.
Compare Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF and YieldMax Universe Fund of Option Income ETFs across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
XDTE vs YMAX: 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 | XDTE | YMAX | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.97% | 1.33% | XDTE |
| Broader diversificationNumber of holdings | 4 | 30 | YMAX |
| Higher incomeTrailing 12-month distribution yield | 30.24% | 61.76% | YMAX |
| Smaller drawdownsMax drawdown, 1 year | -19.6% | -43.1% | XDTE |
| Lower volatilityAnnualized volatility, 1 year | 13.8% | 25.9% | 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 XDTE and YMAX 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 Resilience85 vs 57XDTE +28
- Quality41 vs 49YMAX +8
- Value39 vs 33XDTE +6
- Momentum27 vs 26Even
4 of 4 evidence groups favor XDTE. XDTE’s edge is concentrated in risk resilience and value; YMAX keeps a meaningful quality edge.
What changed since the last close
Latest scored session 2026-10-23, compared against the prior scored session 2026-10-22.
Largest factor move: Momentum -5, not enough on its own to move the overall score.
New signals
- Keltner Channel Breakdown — bearish, volatility, short horizon
Largest factor move: Momentum -4, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 4 active signals are unchanged.
XDTE's lead was unchanged in the latest session.
Deeper signal detail for each name lives on its own signals page — XDTE and YMAX both carry a full feed there.
The central trade-off
XDTE (Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF): the stronger current systematic profile, led by risk resilience and value.
YMAX (YieldMax Universe Fund of Option Income ETFs): the counter-case, on quality — but at materially higher volatility, 26.5% against 10%.
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 | XDTE | YMAX | Why it matters |
|---|---|---|---|
| Expense ratio | 0.97% | 1.33% | Lower is better — it compounds against you every year you hold. |
| Holdings | 4 | 30 | More holdings means broader diversification, not better returns. |
| Average volume | 156,181 | 1,259,499 | Liquidity — matters most if you trade size. |
| Annualized volatility | 13.8% | 25.9% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -19.6% | -43.1% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -1.30 | -2.08 | Return per unit of risk. Higher is better. |
| Beta | 0.94 | 1.62 | 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
XDTE and YMAX share 0% of their weighted exposure across 0 common holdings.
3 holdings are unique to XDTE, and 29 holdings are unique to YMAX. Owning both is genuinely additive — most of the capital sits in different securities.
What XDTE adds that YMAX doesn’t
| Holding | XDTE | YMAX |
|---|---|---|
| 4SPX 270319C00678800SPX 03/19/2027 678.8 C | 66.25% | Not held |
| 4SPX 270611C00678800SPX 06/11/2027 678.8 C | 24.61% | Not held |
| WEEKRoundhill Weekly T-Bill ETF | 7.22% | Not held |
What YMAX adds that XDTE doesn’t
| Holding | YMAX | XDTE |
|---|---|---|
| SMCYYieldMax Smci Option Income Strategy ETF | 5.56% | Not held |
| GDXYYieldMax Gold Miners Option Income Strategy ETF | 5.52% | Not held |
| MSFOYieldMax MSFT Option Income Strategy ETF | 5.09% | Not held |
| GPTYYieldMax AI & Tech Portfolio Option Income ETF | 5.07% | Not held |
| XOMOYieldMax Xom Option Income Strategy ETF | 4.74% | Not held |
| SNOYYieldMax SNOW Option Income Strategy ETF | 4.73% | 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.
XDTE vs YMAX: five-year payout growth
XDTE began paying distributions in 2024, so it has no 2020-2025 growth rate to compare. YMAX began paying distributions in 2024, so it has no 2020-2025 growth rate to compare.
| Dividend metric | XDTE | YMAX |
|---|---|---|
| 2025 annual payout | $15.536 | $7.674 |
| 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
4 of 4 covered evidence groups favor XDTE. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | XDTE | 44 vs 40 |
| Fundamentals | Not covered | Not covered |
| Valuation | XDTE | Value 39 vs 33 |
| Technicals | XDTE | Price vs 50-day -2.4% vs -5.6%; vs 200-day -3.2% vs -12.5% |
| Risk Resilience | XDTE | Risk Resilience 85 vs 57 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of XDTE and YMAX and are excluded from the count.
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 4 points. (argues the conclusion is provisional)
- 4 of 4 covered evidence groups point the same way. (supports the conclusion holding)
- The lead has already changed hands inside the comparison window. (argues the conclusion is provisional)
- The lead has been steady session to session. (supports the conclusion holding)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on XDTE.
How the comparison changed
48 daily snapshots · Sep 6 – Oct 23XDTE lead: Reversed — YMAX led by 1 AIQ points 30 sessions ago; XDTE now leads by 4.
- Today
- XDTE +4
- 44 vs 40
- 7 sessions ago
- XDTE +5
- 46 vs 41
- 30 sessions ago
- YMAX +1
- 48 vs 49
- 90 sessions ago
- Not covered
The lead changed hands 5 times in this window, most recently on Oct 2 when YMAX moved ahead of XDTE.
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.
0 bullish / 4 bearish / 2 neutral
Only XDTE
- Bollinger Band Squeeze — neutral, volatility, short horizon
- ATR Contraction - Coiling — neutral, volatility, short horizon (0.84%)
- Keltner Channel Breakdown — bearish, volatility, short horizon
0 bullish / 4 bearish
Only YMAX
- 52-Week Low Proximity — bearish, risk, long horizon (0.0%)
Both carry 3 more signals that do not separate them: Death Cross Active, 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 -0.34%, AIQ 0 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.14%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1YMAX closes the Risk Resilience gap — currently 28 points behind, the largest single contributor to XDTE's edge.
- 2YMAX's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3XDTE starts generating bearish momentum or trend signals.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
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 | XDTE | YMAX |
|---|---|---|
| 1 week (5 sessions) | -0.6% | -1.1% |
| 1 month (20 sessions) | -2.4% | -8.1% |
| 3 months (63 sessions) | -1.8% | -3.5% |
| 6 months (126 sessions) | -3.6% | -16.7% |
| Year to date | -5.2% | -27.2% |
| 1 year (252 sessions) | -14.1% | -43.1% |
Technicals
XDTE has the stronger structure| Metric | XDTE | YMAX |
|---|---|---|
| RSI (14) | 32.3 | 30.9 |
| ADX (14) | 24.1 | 19.4 |
| Price vs 50-day | -2.4% | -5.6% |
| Price vs 200-day | -3.2% | -12.5% |
| Volatility (1M, annualized) | 10% | 26.5% |
Risk
XDTE is the more resilient| Metric | XDTE | YMAX |
|---|---|---|
| Beta | 0.94 | 1.62 |
| Sharpe ratio | -1.3 | -2.08 |
| Sortino ratio | -1.54 | -3.05 |
| Max drawdown | -19.6% | -43.1% |
| Current drawdown | -16% | -43.1% |
| Annualized volatility | 13.8% | 25.9% |
| Value at risk (95%) | -1.5% | -3% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between XDTE and YMAX?
YMAX puts 61% of its assets in Technology, while XDTE spreads across 11 sectors with none above 39%.
How much do XDTE and YMAX overlap?
XDTE and YMAX share 0% of their weighted exposure across 0 common holdings. 3 holdings are unique to XDTE, and 29 holdings are unique to YMAX. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, XDTE or YMAX?
YMAX holds more positions: 30 versus 4 for XDTE.
Which has the lower expense ratio?
XDTE has the lower expense ratio, 0.97% a year against 1.33% for YMAX.
Which ETF has the higher distribution yield?
YMAX, with a trailing 12-month distribution yield of 61.76% against 30.24% for XDTE.
Which ETF has been more volatile?
YMAX has been more volatile over the past year, at 25.9% 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 -43.1% for YMAX.
Compare XDTE and YMAX 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.