A head-to-head comparison of Roundhill Innovation-100 0DTE Covered Call Strategy ETF and Global X Nasdaq 100 Covered Call ETF covering yield, cost, risk, and income potential.
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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Global X is known for developing thematic and alternative investment ETFs with a strong emphasis on income-generating strategies. Their 37-fund lineup spans diverse categories including covered call funds, SuperDividend income products, digital assets, commodities, and sector-specific investments, alongside traditional bond and risk-managed income options. Notable tickers like DIV, MLPA, and BCCC reflect their specialization in high-yield and alternative income strategies, positioning them as a provider focused on investors seeking yield-oriented and thematically-driven exposure.
See our curated list of related YouTube videos on QYLD.
Bottom lineChoose QDTE if you want to maximize current income — roughly 35.82%, generated by selling options premium. Choose QYLD if you are comfortable trading away most upside for a large, steady payout. There's no free lunch: QDTE's payout comes from selling options, which caps upside and can erode the share price over time, while QYLD keeps full price exposure.
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Quick verdict
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and QYLD (Global X Nasdaq 100 Covered Call ETF) are both dividend ETFs, but they take different approaches.
QDTE offers the higher yield at 35.82% vs 12.11% for QYLD. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QYLD is cheaper with an expense ratio of 0.61% compared to 0.95%.
QYLD is the larger fund by assets ($8.22B), which generally means tighter spreads and better liquidity.
Want to maximize current income — QDTE distributes roughly 35.82% from selling options premium, vs 12.11% for QYLD.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Choose QYLD
Global X Nasdaq 100 Covered Call ETF
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.61% expense ratio vs 0.95% for QDTE.
Prefer lower volatility — a beta of 0.5 vs 1.2 for QDTE.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, QDTE would generate roughly $298.50/month, while QYLD would produce $100.92/month, at current distribution rates.
QDTE yield35.82%
QYLD yield12.11%
Monthly diff on $10K$197.58
Cost & efficiency
Over 10 years on $10,000, QDTE would cost approximately $950 in fees vs $610 for QYLD (simplified, not compounded). The $340.00 difference may be offset by yield or performance.
QDTE ER0.95%
QYLD ER0.61%
Strategy & risk
Both QDTE and QYLD wrap NASDAQ 100 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. Beta is 1.1903 for QDTE and 0.49 for QYLD, indicating QYLD is less volatile relative to the market.
QDTE beta1.1903
QYLD beta0.49
Fund details
QDTE is managed by Roundhill Investments (launched 03/07/2024) with $867M in assets. QYLD is managed by Global X (launched 12/11/2013) with $8.22B in assets.
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Frequently asked questions
Is QDTE or QYLD 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 QDTE and QYLD?
Both QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and QYLD (Global X Nasdaq 100 Covered Call ETF) track NASDAQ 100 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 (35.82% vs 12.11%), expense ratio (0.95% vs 0.61%), and issuer (Roundhill Investments vs Global X).
Can I hold both QDTE and QYLD?
You can, but expect significant overlap. Both funds use options-based income strategies on NASDAQ 100, 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, QDTE or QYLD?
QDTE has an expense ratio of 0.95% while QYLD charges 0.61%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QDTE vs QYLD generate?
At current rates, $10,000 in QDTE would generate roughly $298.50 per month ($3,582.00 annually). The same in QYLD would produce about $100.92 per month ($1,211.00 annually).
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