QDTE vs SPY
QDTE vs SPY
Roundhill Innovation-100 0DTE Covered Call Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | QDTE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.09% | |
| AUM | $907M | $789.1B | |
| Dividend Yield | 44.78% | 1.01% | |
| Holdings | 8 | 505 | |
| YTD Return | +3.78% | +13.79% | |
| 1Y Return | +14.38% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 17.2% | 15.3% | |
| Max Drawdown | -20.2% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 7, 2024 | Jan 22, 1993 |
QDTE vs SPY Performance
Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QDTE returned +14.38% while SPY returned +23.66%. Year to date, QDTE is up 3.78% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
QDTE has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QDTE charges 0.97% per year while SPY charges 0.09%. On a $10,000 position that is $97 vs $9 annually, a gap of $88 per year that compounds over a long holding period. On income, QDTE currently yields 44.78% against 1.01% for SPY.
Holdings Overlap
QDTE and SPY share 0 holdings out of 504 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 SPY?
QDTE has an expense ratio of 0.97% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, QDTE or SPY?
Over the past year QDTE returned +14.38% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), QDTE annualized +20.84% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, QDTE or SPY?
QDTE has been the more volatile fund at 17.2% annualized versus 15.3% for SPY. Worst drawdown: QDTE -20.2% vs SPY -56.5%.
Should I hold both QDTE and SPY?
QDTE and SPY have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QDTE and SPY?
QDTE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, QDTE or SPY?
QDTE yields 44.78% while SPY yields 1.01%, so QDTE currently pays the higher dividend yield.
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