QDTE vs QQQ
Roundhill Innovation-100 0DTE Covered Call Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | QDTE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.18% | |
| AUM | $907M | $455.8B | |
| Dividend Yield | 44.78% | 0.41% | |
| Holdings | 8 | 108 | |
| YTD Return | +4.44% | +19.68% | |
| 1Y Return | +13.12% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 17.3% | 30.6% | |
| Max Drawdown | -20.2% | -83.0% | |
| Fund Family | Roundhill Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 7, 2024 | Mar 10, 1999 |
QDTE vs QQQ Performance
Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) is a ETF from Roundhill Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year QDTE returned +13.12% while QQQ returned +26.75%. Year to date, QDTE is up 4.44% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.3% for QDTE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.2% for QDTE and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QDTE charges 0.97% per year while QQQ charges 0.18%. On a $10,000 position that is $97 vs $18 annually, a gap of $79 per year that compounds over a long holding period. On income, QDTE currently yields 44.78% against 0.41% for QQQ.
Holdings Overlap
QDTE and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QDTE or QQQ?
QDTE has an expense ratio of 0.97% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, QDTE or QQQ?
Over the past year QDTE returned +13.12% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QDTE annualized +21.00% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, QDTE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.3% for QDTE. Worst drawdown: QDTE -20.2% vs QQQ -83.0%.
Should I hold both QDTE and QQQ?
QDTE and QQQ have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QDTE and QQQ?
QDTE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QDTE or QQQ?
QDTE yields 44.78% while QQQ yields 0.41%, so QDTE currently pays the higher dividend yield.
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