A head-to-head comparison of Roundhill RDTE Russell 2000 0DTE Covered Call Strategy and Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call covering yield, cost, risk, and income potential.
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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 RDTE and XDTE.
Bottom lineChoose RDTE if you want to maximize current income — roughly 40.66%, generated by selling options premium. Choose XDTE if you are comfortable trading away most upside for a large, steady payout. There's no free lunch: RDTE's payout comes from selling options, which caps upside and can erode the share price over time, while XDTE keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
RDTE has outpaced XDTE over the trailing twelve months, posting a 22.48% total return against 18.33%. Measured from Sep 2024 — when the younger fund began trading — RDTE has compounded at 17.93% a year versus 15.11% for XDTE. XDTE has been the steadier holding, though — annualized volatility of 11.6% against 17.1% 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
RDTE (Roundhill RDTE Russell 2000 0DTE Covered Call Strategy) and XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) are both weekly-pay dividend ETFs, but they take different approaches.
RDTE offers the higher yield at 40.66% vs 24.53% for XDTE. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
XDTE is cheaper with an expense ratio of 0.95% compared to 0.97%.
They track different benchmarks: RDTE is linked to Russell 2000 while XDTE tracks SPX, which means their performance drivers differ.
XDTE is the larger fund by assets ($317M), which generally means tighter spreads and better liquidity.
Who should choose each?
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 24.53% for XDTE.
Are comfortable with an options-income strategy — a large payout in exchange for capped upside.
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.
Prefer lower volatility — a beta of 0.9 vs 1.2 for RDTE.
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, RDTE would generate roughly $338.83/month, while XDTE would produce $204.42/month, at current distribution rates. Both pay weekly distributions.
RDTE yield40.66%
XDTE yield24.53%
Monthly diff on $10K$134.42
Cost & efficiency
Over 10 years on $10,000, RDTE would cost approximately $970 in fees vs $950 for XDTE (simplified, not compounded). The $20.00 difference may be offset by yield or performance.
RDTE ER0.97%
XDTE ER0.95%
Strategy & risk
RDTE tracks Russell 2000 with a covered call approach, while XDTE tracks SPX with a covered call approach. Beta is 1.1785 for RDTE and 0.91 for XDTE, indicating XDTE is less volatile relative to the market.
RDTE beta1.1785
XDTE beta0.91
Fund details
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
Is RDTE or XDTE 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 RDTE and XDTE?
RDTE (Roundhill RDTE Russell 2000 0DTE Covered Call Strategy) tracks Russell 2000 with a covered call approach, while XDTE (Roundhill ETF Trust - Roundhill S&P 500 0DTE Covered Call) tracks SPX with a covered call approach. They are issued by Roundhill Investments and Roundhill Investments respectively.
Can I hold both RDTE and XDTE?
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, RDTE or XDTE?
RDTE has an expense ratio of 0.97% while XDTE charges 0.95%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in RDTE vs XDTE generate?
At current rates, $10,000 in RDTE would generate roughly $338.83 per month ($4,066.00 annually). The same in XDTE would produce about $204.42 per month ($2,453.00 annually).
Which has performed better historically, RDTE or XDTE?
RDTE has outpaced XDTE over the trailing twelve months, posting a 22.48% total return against 18.33%. Measured from Sep 2024 — when the younger fund began trading — RDTE has compounded at 17.93% a year versus 15.11% for XDTE. XDTE has been the steadier holding, though — annualized volatility of 11.6% against 17.1% for RDTE. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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