RDTE vs SPY
Roundhill Russell 2000 0DTE Covered Call Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RDTE or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RDTE | SPY |
|---|---|---|
| Expense Ratio | 0.97% | 0.09%Best |
| AUM | $184M | $804.7B |
| Dividend Yield | 43.61% | 0.98% |
| Holdings | 5 | 505 |
| YTD Return | +0.64% | +12.22%Best |
| 1Y Return | +2.79% | +16.97%Best |
| 3Y Return (annualized) | - | +21.16% |
| 5Y Return (annualized) | - | +13.00% |
| Volatility (annualized) | 17.2% | 12.7%Best |
| Max Drawdown | -22.4% | -18.8%Best |
| $10,000 over 2 years | $13,493 | $14,180Best |
| Fund Family | Roundhill Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Sep 10, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 10, 2024 to Sep 17, 2026 (2 years).
RDTE vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
RDTE vs SPY Performance
Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE) is an ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RDTE returned +2.79% while SPY returned +16.97%. Year to date, RDTE is up 0.64% versus a gain of 12.22% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RDTE has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 12.7% 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 -22.4% for RDTE and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RDTE 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, RDTE currently yields 43.61% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in RDTE and 504 in SPY, totalling 3.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in RDTE and 504 in SPY, against full books of 5 and 505.
You are not choosing between two funds in isolation.
Whichever of RDTE and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RDTE or SPY?
RDTE has an expense ratio of 0.97% while SPY charges 0.09%. SPY is the cheaper option, by $88 a year on a $10,000 investment.
Which performed better, RDTE or SPY?
Over the past year RDTE returned +2.79% vs +16.97% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), RDTE annualized +16.16% vs +19.08% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RDTE or SPY?
RDTE has been the more volatile fund at 17.2% annualized versus 12.7% for SPY. Worst drawdown: RDTE -22.4% vs SPY -18.8%.
Should I hold both RDTE and SPY?
RDTE and SPY have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, RDTE or SPY?
RDTE yields 43.61% while SPY yields 0.98%, so RDTE currently pays the higher dividend yield.
Is SPY better than RDTE?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.