Roundhill Investments - Russell 2000 0DTE Covered Call Strategy ETF
$25.91−0.14 (−0.54%)
- 0.97%
- $160M
- +18.1%
- 43.53%
- 0.1M sh
- $26.11
- low $25.71high $33.82
The ETF.net RDTE Grade
C
Score 45 out of 100
- 7 of 9
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D30 out of 100Rank 7 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.A70 out of 100Rank 5 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D31 out of 100Rank 8 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 3 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D38 out of 100Rank 6 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 5 of 9
Our read on RDTE
CRoundhill took its 0DTE playbook to small caps. RDTE writes same-day-expiring calls against synthetic Russell 2000 exposure, aiming to convert daily option premium into a weekly income stream.
The Fund primarily seeks current income and secondarily seeks capital appreciation. It uses a synthetic covered-call strategy to generate weekly income while providing exposure to the Russell 2000 Index’s price return.
Why people hold it
- The 0DTE mechanic is the whole point: calls that expire the same day, written against small-cap exposure, rather than the monthly options most covered-call funds use.
- Income is the stated first priority, and the prospectus sets a weekly distribution rhythm rather than the usual monthly one.
- Synthetic construction: it reaches for the Russell 2000's price return through options instead of carrying the full small-cap basket.
Worth knowing
- At 0.97% it sits above the 0.76% median for Russell 2000 option-income funds. RYLG (0.35%) and IWMW (0.39%) write calls on the same benchmark for far less.
- Selling calls trades away part of any rally while small-cap drawdowns still come through. Capital appreciation is the secondary goal, not the first one.
- It launched in September 2024, so its live record is short next to longer-tenured Russell 2000 income funds.
RDTE Holdings
- Stocks
- 4
- 100%
- 4IWM 271119C00027810
Sectors
- Health Care20.9%
- Financials18.0%
- Technology14.5%
- Industrials13.3%
- Consumer Discretionary8.6%
- Real Estate6.4%
- Energy6.4%
- Materials4.3%
- Utilities2.7%
- Consumer Staples2.6%
- Communication2.3%
Geography
- United States100.00%
RDTE 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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RDTE$11,807
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 | RDTE |
|---|---|
| Year to date | +14.9% |
| 1 month | −2.6% |
| 3 months | −3.0% |
| 1 year | +18.1% |
| 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 | RDTE |
|---|---|---|
| 2026 YTD | +14.9% | |
| 2025 | +9.6% | |
| 2024 | +8.8% |
RDTE in the news
RDTE Dividends
- 43.53%
- $11.34
- $0.10 per share
- Weekly
Distribution history
RDTE Risk
- 16.6%
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.
- 0.58
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.
- −24.2%
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.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RDTE Cost
0.97%
RDTE0.97%
- The middle half of Russell 2000 Option Income funds
- Median 0.76%
6 of the 9 Russell 2000 Option Income funds charge less.
Other funds in Russell 2000 Option Income
- BFTKIFirst Trust Small Cap BuyWrite Income ETFExpense ratio 0.86%1 year return +22.3%
- BIWMINEOS Russell 2000 High Income ETFExpense ratio 0.76%1 year return +18.2%
- CCPRACalamos Russell 2000 Structured Alt Protection ETF – AprilExpense ratio 0.69%1 year return +6.8%
- DIWMYR2000 Weekly Distribution ETFExpense ratio 1.05%1 year return +6.0%
- DRDTYYieldMax R2000 0DTE Covered Call Strategy ETFExpense ratio 1.73%1 year return +17.5%