QQQ vs RDTE
Invesco QQQ Trust, Series 1 vs Roundhill Russell 2000 0DTE Covered Call Strategy ETF
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 | QQQ | RDTE | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.97% | |
| AUM | $455.8B | $171M | |
| Dividend Yield | 0.41% | 30.85% | |
| Holdings | 108 | 5 | |
| YTD Return | +17.46% | +8.00% | |
| 1Y Return | +26.02% | +16.92% | |
| 3Y Return (annualized) | +25.51% | - | |
| 5Y Return (annualized) | +15.12% | - | |
| Volatility (annualized) | 30.6% | 17.1% | |
| Max Drawdown | -83.0% | -22.4% | |
| Fund Family | Invesco (US) | Roundhill Investments | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Sep 10, 2024 |
QQQ vs RDTE Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) is a ETF from Roundhill Investments. Over the past year QQQ returned +26.02% while RDTE returned +16.92%. Year to date, QQQ is up 17.46% versus a gain of 8.00% for RDTE.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.1% for RDTE. 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 -83.0% for QQQ and -22.4% for RDTE. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQQ charges 0.18% per year while RDTE charges 0.97%. On a $10,000 position that is $18 vs $97 annually, a gap of $79 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 30.85% for RDTE.
Holdings Overlap
QQQ and RDTE 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, QQQ or RDTE?
QQQ has an expense ratio of 0.18% while RDTE charges 0.97%. QQQ is the cheaper option. On a $10,000 investment, that is $79 per year of difference.
Which performed better, QQQ or RDTE?
Over the past year QQQ returned +26.02% vs +16.92% for RDTE, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +13.08% vs +21.48% for RDTE. Past performance does not guarantee future results.
Which is riskier, QQQ or RDTE?
QQQ has been the more volatile fund at 30.6% annualized versus 17.1% for RDTE. Worst drawdown: QQQ -83.0% vs RDTE -22.4%.
Should I hold both QQQ and RDTE?
QQQ and RDTE have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQ and RDTE?
QQQ and RDTE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, QQQ or RDTE?
QQQ yields 0.41% while RDTE yields 30.85%, so RDTE currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.