What does '0DTE' mean in the names of these ETFs?

0DTE stands for zero days to expiry. It refers to options contracts that expire on the same trading day they are written. In QDTE and XDTE, the funds generate income by selling these short-term options, often known as covered calls. This strategy aims to collect premiums quickly, which can enhance yield. However, it also caps potential upside from the underlying index for that day. Investors should understand that 0DTE strategies involve frequent trading and reliance on daily market fluctuations, distinguishing them from traditional buy-and-hold index funds.

What is a covered call strategy?

A covered call strategy involves holding the underlying asset and selling call options against it. For ETFs like QDTE and XDTE, the fund holds positions related to the Nasdaq-100 or S&P 500 and sells call options. If the index rises above the strike price, the fund might have to forfeit some gains, receiving the option premium in return. If the index stays flat or falls, the premium serves as partial income. This approach generally prioritises current income over maximum capital appreciation.

Why do these funds have different underlying indices?

QDTE tracks the Nasdaq-100 index, which is heavily weighted towards technology and growth-oriented companies. XDTE tracks the S&P 500 index, offering broader exposure across all major sectors of the US large-cap market. The choice of index dictates the volatility and potential returns of the underlying portfolio. Consequently, the covered calls sold are based on different benchmark performances. This fundamental difference means the two funds react differently to specific sector movements and overall market sentiment.

How do the expense ratios of QDTE and XDTE compare?

QDTE has an expense ratio of 0.96%, while XDTE has an expense ratio of 0.97%. This represents a minor difference of 0.01 percentage points. In practical terms, for every £1,000 invested, QDTE costs £9.60 annually and XDTE costs £9.70. While small, fees compound over time. Investors should note that these funds are actively managed derivative income strategies, which typically carry higher fees than passive index funds due to the complex option trading involved in their 0DTE strategies.

What is the impact of fee differences on long-term returns?

A 0.01% difference between QDTE (0.96%) and XDTE (0.97%) is negligible for most short-term horizons. Over longer periods, this slight variance has minimal cumulative impact compared to the influence of market performance and option premiums. However, fees always reduce net returns. The primary focus for investors should not be this fractional fee difference, but rather the overall cost structure relative to the income generated. Both funds fall into the derivative income category, where active management costs are inherent.

How do the dividend yields of QDTE and XDTE differ?

As of 22 September 2026, QDTE reports a dividend yield of 43.71%, whereas XDTE reports 30.32%. This significant gap reflects differences in volatility premiums; Nasdaq-100 options often carry higher implied volatility than S&P 500 options, allowing QDTE to collect larger premiums. High yields do not guarantee total returns, as they can result from price declines or return of capital. Investors must consider that yield is not a fixed promise but fluctuates with market conditions and strategy performance.

What do the current net assets indicate about these funds?

QDTE holds net assets of $967 million, while XDTE holds $336 million. Larger asset bases can provide better liquidity and economies of scale, potentially leading to tighter bid-ask spreads for traders. However, both funds are of sufficient size to operate within standard ETF mechanics. The difference in size may reflect market demand or the perceived attractiveness of the Nasdaq-100 strategy versus the S&P 500 strategy in recent periods. Neither fund is currently considered micro-cap, reducing some liquidity risks.

What are the top holdings for QDTE?

The top holding listed for QDTE is WEEK, representing 4.96% of the portfolio. 'WEEK' likely refers to a derivative instrument or exchange-traded product related to the strategy, rather than a single operating company. Data for sector weights and further holdings is not available in the provided source. Investors should review the fund's prospectus or monthly fact sheets for a complete breakdown of derivatives and cash positions to understand the specific exposures driving the Nasdaq-100 covered call strategy.

What are the top holdings for XDTE?

Top holdings data for XDTE is not available in the provided source. Consequently, specific sector weights and individual positions cannot be detailed from this dataset. XDTE aims to track the S&P 500 through a covered call strategy. Investors interested in the precise composition of the S&P 500 exposure or the specific option contracts held should consult Roundhill Investments' official documentation, which may provide more granular portfolio details than standard financial news sources.

Is there significant overlap between QDTE and XDTE's holdings?

Based on the available top holdings, there is no overlap between QDTE and XDTE. QDTE lists 'WEEK' as a top holding, while XDTE's top holdings are not available. Structurally, QDTE derives its performance from the Nasdaq-100 index, and XDTE from the S&P 500. While the underlying indices share major constituents like Apple and Microsoft, these funds are derivative income strategies. Their direct holdings are largely options and cash collateral, meaning traditional equity overlap analysis is less relevant than comparing their index benchmarks.

How should a beginner interpret the inception date?

Both QDTE and XDTE were launched on 7 March 2024. This indicates they are relatively new funds, with a limited historical track record. Beginners should be cautious when evaluating performance based on short-term results, as these strategies have not yet experienced a full market cycle of severe downturns and recoveries. The limited history means data on long-term distribution consistency or performance in various interest rate environments is not yet fully established compared to older, more seasoned ETFs.

What tools are available to monitor these ETFs?

Investors can monitor QDTE and XDTE through financial news platforms like Yahoo Finance for real-time quotes and basic data. For detailed strategy insights, Roundhill Investments' official website provides fact sheets and performance updates. It is also useful to track the underlying indices (Nasdaq-100 and S&P 500) separately to understand the market context. Since top holdings data is limited or not available for these specific ETFs, relying on issuer documentation is essential for a comprehensive view of portfolio construction.

QDTE vs XDTE

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare QDTE (Roundhill Nasdaq-100 0DTE Covered Call ETF) with XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF). Review fees, holdings, dividends, and market tracking. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

QDTE

Metric

XDTE

0.96%

Expense Ratio

0.97%

43.71%

Dividend Yield

30.32%

$967.30M

Net Assets

$335.63M

Holdings

Mar 7, 2024

Inception Date

Mar 7, 2024

–

Index Tracked

–

Derivative Income

Fund Category

Derivative Income

QDTE costs about $1.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

Discover More Comparisons

QDTE vs QQQI

Compare QDTE vs QQQI on fees, net assets, dividend yields, and holdings. Review expense ratios, top positions, and tracking details objectively.

QDTE vs QQQ

Compare QDTE and QQQ on fees, dividends and holdings. QDTE offers high income while QQQ provides low-cost growth exposure. Review data for research.

Investment Analysis

QDTE

Pros

],
],
]

Considerations

],
],
]

XDTE

Pros

],
],
]

Considerations

],
],
]

About QDTE and XDTE

QDTE (QDTE)

The Roundhill Nasdaq-100 0DTE Covered Call ETF (QDTE) is an exchange-traded fund designed to generate income through options strategies linked to the Nasdaq-100 index. By focusing on zero-days-to-expiration (0DTE) covered calls, the fund aims to capture premium from short-term volatility while maintaining exposure to large-cap technology companies. With a net asset value of approximately USD 967 million and an inception date of March 7, 2024, QDTE is a relatively new addition to the derivative income category. It holds five primary positions, reflecting its concentrated strategy. Investors should note the expense ratio of 0.96% and be aware that while the dividend yield is high, it comes with specific risks associated with options trading and market volatility. As with all investments, capital is at risk, and past performance does not guarantee future results.

XDTE (XDTE)

The Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is a derivative income fund that seeks to generate returns by selling short-dated options on the S&P 500 index. Launched in March 2024, this ETF employs a unique strategy of writing zero-days-to-expiry (0DTE) calls, aiming to capture premiums from rapid market movements and high implied volatility. With a high dividend yield reported at approximately 30.32%, XDTE attracts investors focused on income generation. However, this potential for frequent payouts comes with significant risks, including the cap on upside participation and sensitivity to market volatility. Investors should carefully consider their risk tolerance, as the fund's performance is distinct from traditional equity investments. It is suitable for those who understand options strategies and are seeking alternative income sources within a diversified portfolio.

Buy QDTE or XDTE in Nemo

🆓

Zero Commission

Trade stocks, ETFs, and more with zero commission. Keep more of your returns.

🔒

Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

💰

6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

QDTE vs XDTE

Fund Snapshot

Discover More Comparisons

QDTE vs QQQI

QDTE vs QQQ

Investment Analysis

QDTE

Pros

Considerations

XDTE

Pros

Considerations

About QDTE and XDTE

Buy QDTE or XDTE in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What does '0DTE' mean in the names of these ETFs?

What is a covered call strategy?

Why do these funds have different underlying indices?

How do the expense ratios of QDTE and XDTE compare?

What is the impact of fee differences on long-term returns?

How do the dividend yields of QDTE and XDTE differ?

What do the current net assets indicate about these funds?

What are the top holdings for QDTE?

What are the top holdings for XDTE?

Is there significant overlap between QDTE and XDTE's holdings?

How should a beginner interpret the inception date?

What tools are available to monitor these ETFs?

Fund Snapshot

About QDTE and XDTE

Discover More Comparisons

QDTE vs QQQI

QDTE vs QQQ