A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and Roundhill Innovation-100 0DTE Covered Call Strategy ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
VegaShares operates a focused suite of two income-focused ETFs designed to generate regular distributions through options strategies and dividend investing. The firm's lineup includes ODTE and VAIE, both emphasizing yield generation for investors seeking regular cash flow. With a specialized niche in options-based and dividend income strategies, VegaShares targets investors prioritizing distributions over capital appreciation.
See our curated list of related YouTube videos on ODTE.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Roundhill Investments is known for offering specialized ETFs that focus on income generation and thematic investing strategies. The firm operates 42 funds across five distinct families—Core, HALO, Income, Thematic, and WeeklyPay—with a particular emphasis on covered call strategies and weekly distribution products designed to generate regular cash flows. Notable offerings include ticker symbols like AAPW, AMDW, and AMZW (which employ covered call strategies on major technology stocks), along with thematic funds covering areas such as artificial intelligence (CHAT), cryptocurrency mining (DRAM), and other innovative sectors.
See our curated list of related YouTube videos on QDTE.
Bottom lineChoose ODTE if you are comfortable trading away most upside for a large, steady payout. Choose QDTE if you want to maximize current income — roughly 24.81%, generated by selling options premium. There's no free lunch: QDTE's payout comes from selling options, which caps upside and can erode the share price over time, while ODTE keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged QDTE over the year to date, posting a 7.07% total return against 10.85%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 22.1% for QDTE. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 31, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Apr 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both weekly-pay dividend ETFs, but they take different approaches.
QDTE offers the higher yield at 24.81% vs 14.92% for ODTE. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
ODTE is cheaper with an expense ratio of 0.76% compared to 0.95%.
They track different benchmarks: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while QDTE tracks NASDAQ 100, which means their performance drivers differ.
QDTE has $907M in assets vs $3.08M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.
Who should choose each?
Choose ODTE
VegaShares SPX NDX RTY Premium Income ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.76% expense ratio vs 0.95% for QDTE.
Want to maximize current income — QDTE distributes roughly 24.81% from selling options premium, vs 14.92% for ODTE.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Prefer an established track record — ODTE only launched April 2026.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
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On a $10,000 investment, ODTE would generate roughly $124.33/month, while QDTE would produce $206.75/month, at current distribution rates. Both pay weekly distributions.
ODTE yield14.92%
QDTE yield24.81%
Monthly diff on $10K$82.42
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $950 for QDTE (simplified, not compounded). The $190.00 difference may be offset by yield or performance.
ODTE ER0.76%
QDTE ER0.95%
Strategy & risk
Both ODTE and QDTE wrap S&P 500, Nasdaq-100, Russell 2000 with options-based income overlays (covered call and covered call). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic.
ODTE beta—
QDTE beta1.1903
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. QDTE is managed by Roundhill Investments (launched 03/07/2024) with $907M in assets.
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Frequently asked questions
Is ODTE or QDTE better for dividend income?
It depends on your goals. QDTE currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between ODTE and QDTE?
Both ODTE (VegaShares SPX NDX RTY Premium Income ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) track S&P 500, Nasdaq-100, Russell 2000 with options-based income strategies — the labels "covered call" and "covered call" describe closely related mechanics (covered calls are a specific type of options strategy). The real differences show up in yield target (14.92% vs 24.81%), expense ratio (0.76% vs 0.95%), and issuer (VegaShares vs Roundhill Investments).
Can I hold both ODTE and QDTE?
You can, but expect significant overlap. Both funds use options-based income strategies on S&P 500, Nasdaq-100, Russell 2000, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.
Which has lower fees, ODTE or QDTE?
ODTE has an expense ratio of 0.76% while QDTE charges 0.95%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in ODTE vs QDTE generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in QDTE would produce about $206.75 per month ($2,481.00 annually).
Which has performed better historically, ODTE or QDTE?
ODTE has lagged QDTE over the year to date, posting a 7.07% total return against 10.85%. ODTE has been the steadier holding, though — annualized volatility of 15.2% against 22.1% for QDTE. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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