DV
Dividend Vision

ETF Comparison

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

A head-to-head comparison of VegaShares SPX NDX RTY Premium Income ETF and Roundhill 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 XDTE over the shared window since Apr 2026, posting a 5.80% total return against 14.30%. 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.
SymbolSince Apr 2026Volatility Sharpe Sortino Max drawdown
ODTE5.80%13.8%0.570.79-7.2%
XDTE14.30%11.6%2.143.29-4.1%

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.
MetricODTEXDTE
Full nameVegaShares SPX NDX RTY Premium Income ETFRoundhill S&P 500 0DTE Covered Call Strategy ETF
IssuerVegaSharesRoundhill Investments
Underlying indexS&P 500, Nasdaq-100, Russell 2000S&P 500
Last Close$25.00 as of September 18, 2026$38.36 as of September 18, 2026
Distribution rate14.14%15.18%
Distribution Safety Score™ 5076
Safety-Adjusted Yield —11.54%
Expense ratio0.76%0.97%
AUM$2.75M$333M
Distribution frequencyWeeklyWeekly
ObjectiveSeeks 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 covered call strategy that combines a long position in the S&P 500 Index with short zero-days-to-expiration (0DTE) call options on the index.
Asset classEquityEquity
Inception date04/03/202603/07/2024
Beta—0.91
Last dividend$0.068 payable today$0.112 payable today
Ex-dividend date09/17/202609/17/2026

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.

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 XDTE 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

Model this comparison:
Compare in my portfolio Forecast income Save to watchlist

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
Roundhill Investments
ETFs56
Total AUM$37.3B

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

Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.

See our curated list of related YouTube videos on XDTE.

See all Roundhill Investments ETFs

Want to go deeper?

Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — free to start, no credit card.

Compare in my portfolio Forecast income Save to watchlist

Quick verdict

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

XDTE offers the higher yield at 15.18% 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 0.97%.

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

XDTE has $333M 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.

Deep dive

Yield & income

On a $10,000 investment, ODTE would generate roughly $117.83/month, while XDTE would produce $126.50/month, at current distribution rates. Both pay weekly distributions.

ODTE yield14.14%
XDTE yield15.18%
Monthly diff on $10K$8.67

Cost & efficiency

Over 10 years on $10,000, ODTE would cost approximately $760 in fees vs $970 for XDTE (simplified, not compounded). The $210.00 difference may be offset by yield or performance.

ODTE ER0.76%
XDTE ER0.97%

Strategy & risk

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

ODTE beta—
XDTE beta0.91

Fund details

ODTE is managed by VegaShares (launched 04/03/2026) with $2.75M in assets. XDTE is managed by Roundhill Investments (launched 03/07/2024) with $333M in assets.

ODTE AUM$2.75M
XDTE AUM$333M
Ready to act?
Open in Comparator Model in portfolio See pricing

Enjoyed this page?

Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.

Frequently asked questions

What is the current distribution rate for ODTE and XDTE?

ODTE currently distributes 14.14% and XDTE 15.18%, 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 XDTE better for dividend income?

It depends on your goals. XDTE 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 S&P 500 0DTE Covered Call Strategy ETF) tracks S&P 500 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.

Is ODTE or XDTE safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — XDTE scores 76, ODTE scores 50, so XDTE'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 XDTE?

ODTE has an expense ratio of 0.76% while XDTE 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 XDTE generate?

At current rates, $10,000 in ODTE would generate roughly $117.83 per month ($1,414.00 annually). The same in XDTE would produce about $126.50 per month ($1,518.00 annually).

Which has performed better historically, ODTE or XDTE?

ODTE has lagged XDTE over the shared window since Apr 2026, posting a 5.80% total return against 14.30%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

ODTE vs XDTE — at a glance

Generated September 19, 2026.

Overview

ODTE and XDTE are both equity ETFs employing 0DTE (zero-days-to-expiration) covered call strategies to generate weekly income. ODTE holds a diversified basket of S&P 500, Nasdaq-100, and Russell 2000 constituents paired with weekly options overlays, while XDTE tracks the S&P 500 exclusively and systematically sells 0DTE calls against it. The core distinction is breadth: ODTE blends three major indices; XDTE isolates large-cap exposure for a tighter, more liquid underlying.

How they differ

XDTE's 15.18% distribution rate exceeds ODTE's 14.14% by about 1 percentage point, despite similar weekly mechanics—the difference reflects XDTE's single-index focus and daily call-rolling frequency. ODTE charges 0.76% in fees versus XDTE's 0.97%, a meaningful gap on high-turnover options strategies. ODTE is 5 months old, while XDTE launched 2 years ago and has a longer track record to evaluate.

Who each is best for

ODTE: Fits investors seeking broad U.S. equity exposure—spanning large, mid, and small caps—bundled with options income, and who accept higher concentration risk in a newer, smaller fund in exchange for diversification across multiple indices.

XDTE: Designed for investors focused exclusively on large-cap stability and who prioritize liquidity, lower costs, and a fund with measurable operating history when executing a weekly options income strategy.

Key risks to know

  • NAV erosion at elevated distribution yields. Both funds distribute in the 14–15% range annually from options premium that may not be fully backed by underlying total returns, risking gradual principal decay over multi-year periods if market realized volatility remains low relative to realized distributions.
  • 0DTE gamma risk and gap exposure. Selling calls that expire daily leaves both funds vulnerable to overnight price jumps; a sharp rally could force call assignment or force the fund to roll calls at worse prices, creating friction costs not visible in the distribution rate. A Russell 2000 outperformance scenario would benefit ODTE; a tech-heavy downturn would hurt it more than XDTE.
  • Call cap risk. Both funds sacrifice unlimited upside by capping gains at strike levels each week. The impact of this drag varies with market regimes and is not fully captured in headline yield alone.

Bottom line

If you value broad market diversification and are willing to accept smaller fund size and higher fees for triple-index exposure, ODTE offers a distinct allocation profile. Both carry the risk that headline yields depend partly on options premium rather than underlying appreciation—past performance in low-volatility periods does not predict results in different market environments.

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

Learn the method

The metrics behind this comparison, explained in the Academy.

How covered-call funds work How to read a fund's stats The covered-call opportunity cost

Still deciding? Compare them against your own portfolio

See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.

Start Free Open in Comparator Browse Screener