ETF Comparison

ODTE vs SDTY: Which Is the Better Pick in 2026?

A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and YieldMax S&P 500 0DTE Covered Call Strategy ETF covering yield, cost, risk, and income potential.

Data updated September 18, 2026

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings.

ODTE has lagged SDTY over the shared window since Apr 2026, posting a 5.80% total return against 15.15%. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Symbol	Since Apr 2026	Volatility	Sharpe	Sortino	Max drawdown
ODTE	5.80%	13.8%	0.57	0.79	-7.2%
SDTY	15.15%	11.3%	2.34	3.75	-4.1%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 18, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since Apr 2026” measures every fund from April 6, 2026 — the start of shared available history — 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.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
Metric	ODTE	SDTY
Full name	VegaShares SPX NDX RTY Premium Income ETF	YieldMax S&P 500 0DTE Covered Call Strategy ETF
Issuer	VegaShares	YieldMax
Underlying index	S&P 500, Nasdaq-100, Russell 2000	S&P 500 Index
Last Close	$25.00 as of September 18, 2026	$40.82 as of September 18, 2026
Distribution rate	14.14%	19.84%
Distribution Safety Score™	50	79
Safety-Adjusted Yield	—	15.67%
Expense ratio	0.76%	1.08%
AUM	$2.75M	$27.5M
Distribution frequency	Weekly	Weekly
Objective	Seeks weekly income by investing at least 80% of net assets in the constituents of the S&P 500, Nasdaq-100 and Russell 2000 indices, or instruments linked to them, alongside an options premium strategy.	Seeks weekly income through a synthetic covered call strategy that provides exposure to the price return of the S&P 500 Index while selling call options against that exposure.
Asset class	Equity	Equity
Inception date	04/03/2026	02/05/2025
Beta	—	0.8725
Last dividend	$0.068 payable today	$0.1557
Ex-dividend date	09/17/2026	09/16/2026

Bottom lineWe won't call this one: ODTE launched April 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer ETF as provisional. What is already clear from the numbers above: the two do not cost the same — ODTE charges 0.76% against 1.08% for SDTY, and on funds tracking the same thing that gap compounds every year you hold.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

Capped upside and premium dependence. ODTE and SDTY generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.

Learn the mechanics: Return of capital, explained · NAV erosion, explained

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

VegaShares

ETFs5

Total AUM$60.9M

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

VegaShares specializes in options-based and thematic ETFs designed to generate income and capitalize on emerging trends. The issuer's lineup spans income-focused strategies, including covered call funds, alongside thematic offerings that target specific market segments and innovation themes. VegaShares serves investors seeking alternative approaches to traditional equity exposure, with a concentrated portfolio of strategically named funds addressing both income generation and sector-specific growth opportunities.

See our curated list of related YouTube videos on ODTE.

See all VegaShares ETFs

YieldMax

ETFs61

Total AUM$9.59B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.

See our curated list of related YouTube videos on SDTY.

See all YieldMax ETFs

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Quick verdict

ODTE (VegaShares SPX NDX RTY Premium Income ETF) and SDTY (YieldMax S&P 500 0DTE Covered Call Strategy ETF) are both weekly-pay dividend ETFs, but they take different approaches.

SDTY offers the higher yield at 19.84% vs 14.14% 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 1.08%.

They have different reference exposures: ODTE is linked to S&P 500, Nasdaq-100, Russell 2000 while SDTY is linked to S&P 500 Index, which means their performance drivers differ.

SDTY has $27.5M in assets vs $2.75M for ODTE, but ODTE only launched April 2026 — AUM comparisons will become more meaningful as it builds a track record.

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Deep dive

Yield & income

On a $10,000 investment, ODTE would generate roughly $117.83/month, while SDTY would produce $165.33/month, at current distribution rates. Both pay weekly distributions.

ODTE yield14.14%

SDTY yield19.84%

Monthly diff on $10K$47.50

Cost & efficiency

Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $1,080 for SDTY (simplified, not compounded). The $320.00 difference may be offset by yield or performance.

ODTE ER0.76%

SDTY ER1.08%

Strategy & risk

ODTE tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while SDTY tracks S&P 500 Index with a covered call approach.

ODTE beta—

SDTY beta0.8725

Fund details

ODTE is managed by VegaShares (launched 04/03/2026) with $2.75M in assets. SDTY is managed by YieldMax (launched 02/05/2025) with $27.5M in assets.

ODTE AUM$2.75M

SDTY AUM$27.5M

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Frequently asked questions

What is the current distribution rate for ODTE and SDTY?

ODTE currently distributes 14.14% and SDTY 19.84%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is ODTE or SDTY better for dividend income?

It depends on your goals. SDTY 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 SDTY?

ODTE (VegaShares SPX NDX RTY Premium Income ETF) tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while SDTY (YieldMax S&P 500 0DTE Covered Call Strategy ETF) tracks S&P 500 Index with a covered call approach. They are issued by VegaShares and YieldMax respectively.

Can I hold both ODTE and SDTY?

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.

Is ODTE or SDTY safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — SDTY scores 79, ODTE scores 50, so SDTY's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.

Which has lower fees, ODTE or SDTY?

ODTE has an expense ratio of 0.76% while SDTY charges 1.08%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in ODTE vs SDTY generate?

At current rates, $10,000 in ODTE would generate roughly $117.83 per month ($1,414.00 annually). The same in SDTY would produce about $165.33 per month ($1,984.00 annually).

Which has performed better historically, ODTE or SDTY?

ODTE has lagged SDTY over the shared window since Apr 2026, posting a 5.80% total return against 15.15%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

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ODTE vs SDTY — at a glance

Generated September 19, 2026.

Overview

ODTE and SDTY are both weekly-paying ETFs that use 0-day-to-expiration (0DTE) options strategies to generate income. ODTE invests across three broad indices—the S&P 500, Nasdaq-100, and Russell 2000—while selling short-term calls. SDTY focuses exclusively on the S&P 500 through a synthetic covered-call structure. The key distinction: ODTE offers diversified index exposure with a lower distribution rate, while SDTY concentrates on large-cap performance but delivers a significantly higher yield.

How they differ

SDTY's 19.84% distribution rate nearly doubles ODTE's 14.14%, reflecting a more aggressive call-selling posture on a single index. ODTE's 0.76% expense ratio undercuts SDTY's 1.08%, a modest difference that favors lower total costs. Size and track record separate them further: SDTY holds $27.5M in assets under management against ODTE's $2.75M, and SDTY's 02/05/2025 inception date makes it five months older, while ODTE has been live since 04/03/2026—both very young funds still. The synthetic versus traditional covered-call mechanics may also differ in tax treatment and NAV behavior during volatile markets.

Who each is best for

ODTE: Fits investors seeking weekly income from a broad equity base spanning large, mid, and small caps, accepting lower yield in exchange for exposure diversification across multiple indices.

SDTY: Fits investors comfortable with higher yield extraction and concentrated large-cap exposure, viewing weekly distributions and active call-selling as a trade-off against capped upside on S&P 500 movements.

0DTE options roll risk: Rolling 0-day-to-expiration calls weekly exposes both funds to rapid gamma risk, gap-opening losses on overnight market moves, and assignment risk that locks in gains before planned distributions. SDTY's higher yield amplifies this exposure.

Concentrated index risk for SDTY: Restricting to the S&P 500 alone means SDTY lacks the diversification ODTE gains from adding mid-cap and small-cap indices; during periods of Russell 2000 or Nasdaq outperformance, this is a meaningful drag on total return.

Extreme fund youth: Both began operations in 2025 or 2026. Neither has weathered a full market cycle, correction, or volatility spike. Historical performance and yield sustainability in stressed markets remain unknown.

Bottom line

If you value index diversification and a measured approach to options income, ODTE's three-index exposure and lower expense ratio fit that profile; if you're chasing maximum weekly yield and can accept concentrated S&P 500 exposure and higher fees, SDTY's 19.84% distribution rate offers that trade-off. Both funds carry significant NAV erosion risk at their current payout levels and minimal historical evidence of viability. Past performance does not predict future results, especially for funds this new.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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The metrics behind this comparison, explained in the Academy.

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