A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call 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 XDTE.
Bottom lineChoose ODTE if you want to maximize current income — roughly 14.92%, generated by selling options premium. Choose XDTE if you are comfortable trading away most upside for a large, steady payout.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
ODTE has lagged XDTE over the year to date, posting a 7.07% total return against 8.85%. 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 XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) are both weekly-pay dividend ETFs, but they take different approaches.
ODTE offers the higher yield at 14.92% vs 12.13% for XDTE. 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 XDTE tracks SPX, which means their performance drivers differ.
XDTE has $335M 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
Want to maximize current income — ODTE distributes roughly 14.92% from selling options premium, vs 12.13% for XDTE.
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 XDTE.
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.
Still deciding? Track ODTE & XDTE for free
Create a free Dividend Vision account to keep them on a watchlist, get notified when they declare dividends, and see how much income they would add to your portfolio.
On a $10,000 investment, ODTE would generate roughly $124.33/month, while XDTE would produce $101.08/month, at current distribution rates. Both pay weekly distributions.
ODTE yield14.92%
XDTE yield12.13%
Monthly diff on $10K$23.25
Cost & efficiency
Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $950 for XDTE (simplified, not compounded). The $190.00 difference may be offset by yield or performance.
ODTE ER0.76%
XDTE ER0.95%
Strategy & risk
ODTE tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while XDTE tracks SPX with a covered call approach.
ODTE beta—
XDTE beta0.91
Fund details
ODTE is managed by VegaShares (launched 04/03/2026) with $3.08M in assets. XDTE is managed by Roundhill Investments (launched 03/07/2024) with $335M in assets.
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Frequently asked questions
Is ODTE or XDTE better for dividend income?
It depends on your goals. ODTE 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 XDTE?
ODTE (VegaShares SPX NDX RTY Premium Income ETF) tracks S&P 500, Nasdaq-100, Russell 2000 with a covered call approach, while XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) tracks SPX with a covered call approach. They are issued by VegaShares and Roundhill Investments respectively.
Can I hold both ODTE and XDTE?
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 XDTE?
ODTE has an expense ratio of 0.76% while XDTE 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 XDTE generate?
At current rates, $10,000 in ODTE would generate roughly $124.33 per month ($1,492.00 annually). The same in XDTE would produce about $101.08 per month ($1,213.00 annually).
Which has performed better historically, ODTE or XDTE?
ODTE has lagged XDTE over the year to date, posting a 7.07% total return against 8.85%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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