A head-to-head comparison of Roundhill Innovation-100 0DTE Covered Call Strategy 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.
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 and RDTE.
Roundhill RDTE Russell 2000 0DTE Covered Call Strategy
Issuer
Roundhill Investments
Roundhill Investments
Last Close
$30.50 as of July 13, 2026
$28.90 as of July 13, 2026
Distribution yield
34.62%
40.66%
Distribution Safety Score
79
69
Expense ratio
0.95%
0.97%
AUM
$867M
$164M
Distribution frequency
Weekly
Weekly
Underlying index
NASDAQ 100
Russell 2000
Objective
Covered Call
Covered Call
Asset class
Equity
Equity
Inception date
08/15/2024
08/15/2024
Beta
1.1903
1.1785
Last dividend
$0.2030
$0.2260
Ex-dividend date
07/09/2026
07/09/2026
Bottom lineChoose QDTE if you are comfortable trading away most upside for a large, steady payout. Choose RDTE if you want to maximize current income — roughly 40.66%, 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 QDTE keeps full price exposure.
Most used
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
QDTE has outpaced RDTE over the trailing twelve months, posting a 26.99% total return against 22.48%. Measured from Sep 2024 — when the younger fund began trading — QDTE has compounded at 23.99% a year versus 17.93% for RDTE. 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 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2024” measures every fund from September 10, 2024 — 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 past year. 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 past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy 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 40.66% vs 34.62% for QDTE. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QDTE is cheaper with an expense ratio of 0.95% compared to 0.97%.
They track different benchmarks: QDTE is linked to NASDAQ 100 while RDTE tracks Russell 2000, which means their performance drivers differ.
QDTE is the larger fund by assets ($867M), which generally means tighter spreads and better liquidity.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
Want to keep costs low — a 0.95% 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 40.66% from selling options premium, vs 34.62% for QDTE.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
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 $288.50/month, while RDTE would produce $338.83/month, at current distribution rates. Both pay weekly distributions.
QDTE yield34.62%
RDTE yield40.66%
Monthly diff on $10K$50.33
Cost & efficiency
Over 10 years on $10,000, QDTE would cost approximately $950 in fees vs $970 for RDTE (simplified, not compounded). The $20.00 difference may be offset by yield or performance.
QDTE ER0.95%
RDTE ER0.97%
Strategy & risk
QDTE tracks NASDAQ 100 with a covered call approach, while RDTE tracks Russell 2000 with a covered call approach. Beta is 1.1903 for QDTE and 1.1785 for RDTE, indicating RDTE is less volatile relative to the market.
QDTE beta1.1903
RDTE beta1.1785
Fund details
QDTE is managed by Roundhill Investments (launched 08/15/2024) with $867M in assets. RDTE is managed by Roundhill Investments (launched 08/15/2024) with $164M in assets.
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Frequently asked questions
Is QDTE 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 QDTE and RDTE?
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) tracks NASDAQ 100 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 Roundhill Investments and Roundhill Investments respectively.
Can I hold both QDTE 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, QDTE or RDTE?
QDTE has an expense ratio of 0.95% 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 QDTE vs RDTE generate?
At current rates, $10,000 in QDTE would generate roughly $288.50 per month ($3,462.00 annually). The same in RDTE would produce about $338.83 per month ($4,066.00 annually).
Which has performed better historically, QDTE or RDTE?
QDTE has outpaced RDTE over the trailing twelve months, posting a 26.99% total return against 22.48%. Measured from Sep 2024 — when the younger fund began trading — QDTE has compounded at 23.99% a year versus 17.93% for RDTE. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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