A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and Roundhill RDTE Russell 2000 0DTE Covered Call Strategy 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 RDTE.
Roundhill RDTE Russell 2000 0DTE Covered Call Strategy
Issuer
VegaShares
Roundhill Investments
Last Close
$25.80 as of July 31, 2026
$28.23 as of July 31, 2026
Distribution yield
14.92%
42.18%
Distribution Safety Score™
50
68
Expense ratio
0.76%
0.97%
AUM
$3.08M
$171M
Distribution frequency
Weekly
Weekly
Underlying index
S&P 500, Nasdaq-100, Russell 2000
Russell 2000
Objective
Covered Call
Covered Call
Asset class
Equity
Equity
Inception date
04/03/2026
09/10/2024
Beta
—
1.1785
Last dividend
$0.0740
$0.2290
Ex-dividend date
07/30/2026
07/30/2026
Bottom lineChoose ODTE if you are comfortable trading away most upside for a large, steady payout. Choose RDTE if you want to maximize current income — roughly 42.18%, generated by selling options premium. There's no free lunch: RDTE's payout comes from selling options, which caps upside and can erode the share price over time, while ODTE keeps full price exposure.
Most used
Income calculator
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged RDTE over the year to date, posting a 7.07% total return against 17.43%. 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 RDTE (Roundhill RDTE Russell 2000 0DTE Covered Call Strategy) are both weekly-pay dividend ETFs, but they take different approaches.
RDTE offers the higher yield at 42.18% 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 0.97%.
They track different benchmarks: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while RDTE tracks Russell 2000, which means their performance drivers differ.
RDTE has $171M 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 0.97% for RDTE.
Choose RDTE
Roundhill RDTE Russell 2000 0DTE Covered Call Strategy
Want to maximize current income — RDTE distributes roughly 42.18% 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 RDTE would produce $351.50/month, at current distribution rates. Both pay weekly distributions.
ODTE yield14.92%
RDTE yield42.18%
Monthly diff on $10K$227.17
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $970 for RDTE (simplified, not compounded). The $210.00 difference may be offset by yield or performance.
ODTE ER0.76%
RDTE ER0.97%
Strategy & risk
ODTE tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while RDTE tracks Russell 2000 with a covered call approach.
ODTE beta—
RDTE beta1.1785
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. RDTE is managed by Roundhill Investments (launched 09/10/2024) with $171M in assets.
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Frequently asked questions
Is ODTE or RDTE better for dividend income?
It depends on your goals. RDTE 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 RDTE?
ODTE (VegaShares SPX NDX RTY Premium Income ETF) tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while RDTE (Roundhill RDTE Russell 2000 0DTE Covered Call Strategy) tracks Russell 2000 with a covered call approach. They are issued by VegaShares and Roundhill Investments respectively.
Can I hold both ODTE and RDTE?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, ODTE or RDTE?
ODTE has an expense ratio of 0.76% while RDTE charges 0.97%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in ODTE vs RDTE generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in RDTE would produce about $351.50 per month ($4,218.00 annually).
Which has performed better historically, ODTE or RDTE?
ODTE has lagged RDTE over the year to date, posting a 7.07% total return against 17.43%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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