Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
$38.70−0.01 (−0.03%)
- 0.97%
- $333M
- +19.9%
- 29.79%
- 0.2M sh
- $38.76
- low $35.87high $44.81
The ETF.net XDTE Grade
C
Score 47 out of 100
- 35 of 52
Score 47 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.F10 out of 100Rank 46 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Rank 18 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D27 out of 100Rank 46 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 7 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C42 out of 100Rank 30 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 20 of 52
Our read on XDTE
CThe original 0DTE covered call fund. It sells same-day S&P 500 calls each morning and lets them expire at the close, capping the trading session while leaving the overnight stretch uncapped. Pays weekly.
The Fund's primary objective is current income and its secondary objective is capital appreciation. It uses a synthetic covered-call strategy to provide weekly income while maintaining exposure to the S&P 500 Index's price return.
Why people hold it
- The first ETF built on zero-days-to-expiry options on the S&P 500, live since March 2024. Roundhill has since cloned the design onto Nasdaq and Russell 2000 versions.roundhillinvestments.comnasdaq.com
- The short calls are written at the open and expire that afternoon, so the fund carries the index overnight without a call sitting on top of it.roundhillinvestments.com
- Long exposure comes from a deep in-the-money FLEX call on the S&P 500 rather than a basket of stocks, a clean way to track the index's price return.roundhillinvestments.com
- Income lands weekly, not monthly or quarterly, and the payout cadence is baked into how the strategy is run rather than bolted on.roundhillinvestments.com
Worth knowing
- At 0.97% a year it runs well above the 0.60% median for S&P 500 options-income funds, and plain buy-write rivals like IVVW (0.25%) and GPIX (0.35%) charge far less.
- Roundhill discloses that distributions may exceed the fund's income and gains, with the excess treated as return of capital. Check the tax detail on the fund page.roundhillinvestments.comroundhillinvestments.com
- A covered call trades upside for premium: gains above the strike during the session belong to the option buyer, so big intraday rallies get clipped.roundhillinvestments.com
XDTE Holdings
- Stocks
- 4
- 100%
- 4SPY 271119C00077430
Sectors
- Technology39.1%
- Financials11.1%
- Communication10.6%
- Consumer Discretionary9.9%
- Health Care8.3%
- Industrials7.8%
- Consumer Staples4.5%
- Energy3.1%
- Utilities2.1%
- Real Estate1.8%
- Materials1.7%
Geography
- United States100.00%
XDTE 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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XDTE$11,995
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 | XDTE |
|---|---|
| Year to date | +13.2% |
| 1 month | +1.9% |
| 3 months | +3.1% |
| 1 year | +19.9% |
| 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 | XDTE |
|---|---|---|
| 2026 YTD | +13.2% | |
| 2025 | +12.7% | |
| 2024 | +15.9% |
XDTE in the news
XDTE Dividends
- 29.79%
- $11.53
- $0.11 per share
- Weekly
Distribution history
XDTE Risk
- 12.1%
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.
- 0.89
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.
- −19.0%
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.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XDTE Cost
0.97%
XDTE0.97%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
44 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
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- CSPUTInnovator Equity Premium Income – Daily PutWrite ETFExpense ratio 0.79%1 year return +14.2%
- CCAIECalamos Autocallable Income ETFExpense ratio 0.74%1 year return +16.9%
- CXISEFT Vest U.S. Equity Buffer & Premium Income ETF - SeptemberExpense ratio 0.85%1 year return +7.5%
- CKSPYKraneShares Hedgeye Hedged Equity Index ETFExpense ratio 0.88%1 year return +14.8%