Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF
$29.29−0.04 (−0.14%)
- 0.96%
- $967M
- +27.2%
- 42.88%
- 0.6M sh
- $29.50
- low $26.75high $36.60
The ETF.net QDTE Grade
C
Score 39 out of 100
- 22 of 31
Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.D27 out of 100Rank 23 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D38 out of 100Rank 21 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 11 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 20 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 7 of 31
Our read on QDTE
CThe first ETF to write zero-days-to-expiry calls on a Nasdaq-100-linked index. It buys exposure through options, sells same-day calls each morning, and pays weekly: you keep the overnight move and sell the day session's upside.
The Fund primarily seeks current income and secondarily seeks capital appreciation through a synthetic covered-call strategy that combines long exposure to the Innovation-100 Index with recurring 0DTE call sales.
Why people hold it
- Different machinery from a classic buy-write: calls are written each morning and expire that same day, so premium collection resets daily rather than monthly.sec.govroundhillinvestments.com
- The prospectus sets a weekly distribution cadence, a faster rhythm than the monthly schedule most options-income ETFs run on.roundhillinvestments.com
- Launched in 2024 as the first fund to apply 0DTE options to an innovation index, and Roundhill has since built the same format for other benchmarks (XDTE, RDTE).roundhillinvestments.comblog.roundhillinvestments.com
- Actively traded for a fund of its size, so entering and exiting a position is usually straightforward.
Worth knowing
- Fee is 0.97% a year, above the median for its options-income cohort, where index-overlay peers such as DJIA and AIPI charge less.
- The prospectus discloses that a significant portion of the weekly payout may be return of capital, meaning part of a distribution can be your own money coming back.roundhillinvestments.com
- Selling same-day calls caps upside during trading hours, and the record only starts in 2024, so the strategy has seen a narrow range of market conditions.
QDTE Holdings
- Stocks
- 5
- 100%
- 4QQQ 271119C00070110
Sectors
- Financials100.0%
Geography
- United States100.00%
QDTE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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QDTE$12,720
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QDTE |
|---|---|
| Year to date | +18.7% |
| 1 month | +4.0% |
| 3 months | +3.1% |
| 1 year | +27.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QDTE |
|---|---|---|
| 2026 YTD | +18.7% | |
| 2025 | +19.5% | |
| 2024 | +16.1% |
QDTE in the news
QDTE Dividends
- 42.88%
- $12.58
- $0.11 per share
- Weekly
Distribution history
QDTE Risk
- 16.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.03
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.25
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QDTE Cost
0.96%
QDTE0.96%
- The middle half of Nasdaq-100 Option Income funds
- Median 0.71%
21 of the 30 Nasdaq-100 Option Income funds charge less.
Other funds in Nasdaq-100 Option Income
- CXQQINEOS Boosted Nasdaq-100 High Income ETFExpense ratio 0.98%1 year return —
- CCANQCalamos Nasdaq Equity & Income ETFExpense ratio 0.74%1 year return +5.2%
- DQQQTNASDAQ 100 Income Target ETFExpense ratio 1.20%1 year return +23.6%
- DQDTYYieldMax Nasdaq 100 0DTE Covered Call Strategy ETFExpense ratio 1.17%1 year return +24.9%
- DQGRDHorizon Nasdaq-100 Defined Risk ETFExpense ratio 0.85%1 year return +16.4%