ETF Comparison
XDTE vs QDTE: Which Is the Better Pick in 2026?
A head-to-head comparison of Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call and Roundhill QDTE QQQ ODTE Covered Call Strategy covering yield, cost, risk, and income potential.
Data updated April 2, 2026
Side-by-side snapshot
| XDTE | QDTE | |
|---|---|---|
| Full name | Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call | Roundhill QDTE QQQ ODTE Covered Call Strategy |
| Issuer | Roundhill Investments | Roundhill Investments |
| Price | $36.51 | $27.26 |
| Distribution yield | 36.85% | 48.32% |
| Expense ratio | 0.97% | 0.97% |
| AUM | $350M | $864M |
| Distribution frequency | Weekly | Weekly |
| Underlying index | SPX | NASDAQ 100 |
| Objective | Covered Call | Covered Call |
| Asset class | Equity | Equity |
| Inception date | 08/15/2024 | 08/15/2024 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.21 | $0.16 |
| Ex-dividend date | 04/01/2026 | 04/01/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) and QDTE (Roundhill QDTE QQQ ODTE Covered Call Strategy) are both popular weekly-pay covered call ETFs, but they take different approaches.
QDTE offers the higher yield at 48.32% vs 36.85% for XDTE. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
They track different benchmarks: XDTE is linked to SPX while QDTE tracks NASDAQ 100, which means their performance drivers differ.
QDTE is the larger fund by assets ($864M), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, XDTE would generate roughly $307.08/month while QDTE would produce $402.67/month at current distribution rates. Both pay weekly distributions.
Cost & efficiency
Over 10 years on $10,000, XDTE would cost approximately $970 in fees vs $970 for QDTE (simplified, not compounded). Both charge the same expense ratio.
Strategy & risk
XDTE tracks SPX with a covered call approach, while QDTE tracks NASDAQ 100 using a covered call strategy. Beta is 0.0 for XDTE and 0.0 for QDTE, indicating QDTE is less volatile relative to the market.
Fund details
XDTE is managed by Roundhill Investments (launched 08/15/2024) with $350M in assets. QDTE is managed by Roundhill Investments (launched 08/15/2024) with $864M in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is XDTE or QDTE 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 XDTE and QDTE?
XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) tracks SPX with a covered call strategy, while QDTE (Roundhill QDTE QQQ ODTE Covered Call Strategy) tracks NASDAQ 100 with a covered call approach. They are issued by Roundhill Investments and Roundhill Investments respectively.
Can I hold both XDTE and QDTE?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, XDTE or QDTE?
XDTE has an expense ratio of 0.97% while QDTE charges 0.97%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in XDTE vs QDTE generate?
At current yields, $10,000 in XDTE would generate roughly $307.08 per month ($3,685.00 annually). The same in QDTE would produce about $402.67 per month ($4,832.00 annually).
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