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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, RDTE and XDTE.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
QDTE tops the group on trailing twelve-month total return at 26.99%, with RDTE at 22.48% and XDTE at 18.33%. 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), RDTE (Roundhill RDTE Russell 2000 0DTE Covered Call Strategy), XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) are dividend ETFs that take different approaches.
RDTE offers the highest reported yield at 40.66%, followed by QDTE at 34.62%, XDTE at 24.53%.
QDTE and XDTE tie for the lowest expense ratio at 0.95%, compared to 0.97% for RDTE.
QDTE is the largest fund by assets ($867M), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment: QDTE generates ~$288.50/month, RDTE generates ~$338.83/month, XDTE generates ~$204.42/month at current distribution rates.
QDTE yield34.62%
RDTE yield40.66%
XDTE yield24.53%
Cost & efficiency
Over 10 years on $10,000: QDTE costs ~$950, RDTE costs ~$970, XDTE costs ~$950 in fees (simplified, not compounded).
QDTE ER0.95%
RDTE ER0.97%
XDTE ER0.95%
Strategy & risk
QDTE tracks NASDAQ 100 with a covered call approach; RDTE tracks Russell 2000 with a covered call approach; XDTE tracks SPX with a covered call approach.
QDTE beta1.1903
RDTE beta1.1785
XDTE beta0.91
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. XDTE is managed by Roundhill Investments (launched 08/15/2024) with $317M in assets.
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Frequently asked questions
Which of QDTE, RDTE, XDTE is best for dividend income?
It depends on your goals. RDTE currently offers the highest reported distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility, and funds without an established distribution history have no comparable yield to evaluate. Consider your time horizon and risk tolerance.
What is the difference between QDTE, RDTE, XDTE?
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) tracks NASDAQ 100 with a covered call approach, issued by Roundhill Investments. RDTE (Roundhill RDTE Russell 2000 0DTE Covered Call Strategy) tracks Russell 2000 with a covered call approach, issued by Roundhill Investments. XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) tracks SPX with a covered call approach, issued by Roundhill Investments.
Can I hold QDTE, RDTE, XDTE together?
Yes — nothing prevents holding them together. 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 the lowest fees among QDTE, RDTE, XDTE?
QDTE has an expense ratio of 0.95%, RDTE has an expense ratio of 0.97%, XDTE has an expense ratio of 0.95%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 generate in each?
$10,000 in QDTE yields ~$288.50/month ($3,462.00/year). $10,000 in RDTE yields ~$338.83/month ($4,066.00/year). $10,000 in XDTE yields ~$204.42/month ($2,453.00/year).
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