Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF
$29.29−0.24 (−0.83%)
- Expense ratio
- 0.96%
- Fund size
- $991M
- 1Y return
- +23.0%
- Yield · Last 12 months
- 43.55%
- Holdings
- 6
- Volume · 30D
- 0.6M sh
- NAV per share
- $29.56
- 52W range
The ETF.net QDTE Grade
Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 27Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 37Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 60Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 73Category rank
Our read on QDTE
DThe 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
- 6
- 100%
- 4NDX 270319C02510150
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.
Returns run to the Sep 22, 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 | +18.2% |
| 1 month | +3.8% |
| 3 months | +1.5% |
| 1 year | +23.0% |
| 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 | +18.2% | |
| 2025 | +19.5% | |
| 2024 | +16.1% |
QDTE in the news
ETF.net Research hasn’t filed on QDTE yet — coverage lands here as it’s written.
QDTE Dividends
- 43.55%
- $12.86
- $0.12 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.12 |
| Sep 10, 2026 | Sep 11, 2026 | $0.13 |
| Sep 3, 2026 | Sep 4, 2026 | $0.14 |
| Aug 27, 2026 | Aug 28, 2026 | $0.12 |
| Aug 20, 2026 | Aug 21, 2026 | $0.28 |
| Aug 13, 2026 | Aug 14, 2026 | $0.21 |
| Aug 6, 2026 | Aug 7, 2026 | $0.14 |
| Jul 30, 2026 | Jul 31, 2026 | $0.14 |
| Jul 23, 2026 | Jul 24, 2026 | $0.23 |
| Jul 16, 2026 | Jul 17, 2026 | $0.21 |
| Jul 9, 2026 | Jul 10, 2026 | $0.20 |
| Jul 1, 2026 | Jul 2, 2026 | $0.24 |
QDTE Risk
- 16.5%
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.
- 1.00
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.
- 1.27
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
- The middle half of Nasdaq-100 Option Income funds
- Median 0.74%
22 of the 31 Nasdaq-100 Option Income funds charge less.