A head-to-head comparison of Roundhill Innovation-100 0DTE Covered Call Strategy ETF and YieldMax Universe Fund of Option Income ETFs 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.
YieldMax is known for specializing in options-based and income-focused ETFs that emphasize yield generation through covered call strategies and other income-producing methodologies. The firm operates a diverse lineup of 63 funds organized across multiple families including covered call strategies, 0DTE (zero days to expiration) options, double distribution approaches, and various target-date and performance-based portfolios designed to generate regular distributions. Notable offerings span popular underlying assets like major technology stocks and broad market indices, with a particular emphasis on providing enhanced income solutions for investors seeking regular cash flows through options strategies and other tactical approaches.
See our curated list of related YouTube videos on YMAX.
Bottom lineChoose QDTE if you are comfortable trading away most upside for a large, steady payout. Choose YMAX if you want to maximize current income — roughly 46.73%, generated by selling options premium. There's no free lunch: YMAX's payout comes from selling options, which caps upside and can erode the share price over time, while QDTE keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) and YMAX (YieldMax Universe Fund of Option Income ETFs) are both weekly-pay dividend ETFs, but they take different approaches.
YMAX offers the higher yield at 46.73% vs 35.82% 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 1.28%.
They track different benchmarks: QDTE is linked to NASDAQ 100 while YMAX tracks Basket (Yieldmax ETFs), 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 1.28% for YMAX.
Prefer lower volatility — a beta of 1.2 vs 1.6 for YMAX.
Choose YMAX
YieldMax Universe Fund of Option Income ETFs
Want to maximize current income — YMAX distributes roughly 46.73% from selling options premium, vs 35.82% 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 $298.50/month, while YMAX would produce $389.42/month, at current distribution rates. Both pay weekly distributions.
QDTE yield35.82%
YMAX yield46.73%
Monthly diff on $10K$90.92
Cost & efficiency
Over 10 years on $10,000, QDTE would cost approximately $950 in fees vs $1,280 for YMAX (simplified, not compounded). The $330.00 difference may be offset by yield or performance.
QDTE ER0.95%
YMAX ER1.28%
Strategy & risk
QDTE tracks NASDAQ 100 with a covered call approach, while YMAX tracks Basket (Yieldmax ETFs) with a covered call approach. Beta is 1.1903 for QDTE and 1.5515 for YMAX, indicating QDTE is less volatile relative to the market.
QDTE beta1.1903
YMAX beta1.5515
Fund details
QDTE is managed by Roundhill Investments (launched 03/07/2024) with $867M in assets. YMAX is managed by YieldMax (launched 01/16/2024) with $420M in assets.
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Frequently asked questions
Is QDTE or YMAX better for dividend income?
It depends on your goals. YMAX 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 YMAX?
QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) tracks NASDAQ 100 with a covered call approach, while YMAX (YieldMax Universe Fund of Option Income ETFs) tracks Basket (Yieldmax ETFs) with a covered call approach. They are issued by Roundhill Investments and YieldMax respectively.
Can I hold both QDTE and YMAX?
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 YMAX?
QDTE has an expense ratio of 0.95% while YMAX charges 1.28%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QDTE vs YMAX generate?
At current rates, $10,000 in QDTE would generate roughly $298.50 per month ($3,582.00 annually). The same in YMAX would produce about $389.42 per month ($4,673.00 annually).
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