QDTE vs SPY
Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QDTE or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QDTE | SPY |
|---|---|---|
| Expense Ratio | 0.96% | 0.09%Best |
| AUM | $949M | $823.2B |
| Dividend Yield | 43.72% | 0.99% |
| Holdings | 21 | 1,515 |
| YTD Return | +0.32% | +13.53%Best |
| 1Y Return | +5.71% | +17.47%Best |
| 3Y Return (annualized) | - | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 16.8% | 11.9%Best |
| Max Drawdown | -20.2% | -18.8%Best |
| $10,000 over 2.6 years | $15,266 | $15,429Best |
| Fund Family | Roundhill Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 7, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Mar 7, 2024 to Oct 14, 2026 (2.6 years).
QDTE vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
QDTE vs SPY Performance
Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF (QDTE) is an ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QDTE returned +5.71% while SPY returned +17.47%. Year to date, QDTE is up 0.32% versus a gain of 13.53% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QDTE has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 11.9% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.2% for QDTE and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QDTE charges 0.96% per year while SPY charges 0.09%. On a $10,000 position that is $96 vs $9 annually, a gap of $87 per year that compounds over a long holding period. On income, QDTE currently yields 43.72% against 0.99% for SPY.
Holdings Overlap
We hold position weights for 3 holdings in QDTE and 504 in SPY, totalling 95.8% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in QDTE and 504 in SPY, against full books of 21 and 1,515.
You are not choosing between two funds in isolation.
Whichever of QDTE and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QDTE or SPY?
QDTE has an expense ratio of 0.96% while SPY charges 0.09%. SPY is the cheaper option, by $87 a year on a $10,000 investment.
Which performed better, QDTE or SPY?
Over the past year QDTE returned +5.71% vs +17.47% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QDTE or SPY?
QDTE has been the more volatile fund at 16.8% annualized versus 11.9% for SPY. Worst drawdown: QDTE -20.2% vs SPY -18.8%.
Should I hold both QDTE and SPY?
QDTE and SPY have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QDTE or SPY?
QDTE yields 43.72% while SPY yields 0.99%, so QDTE currently pays the higher dividend yield.
Is SPY better than QDTE?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.