Data as of Oct 28, 2026.
QDTE vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, QDTE returned +16.5% to QQQ's +15.2%, and QQQ charges 0.18% to QDTE's 0.96%.
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Net assets: $919m on Oct 28, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.78 points a year less; their one-year returns differ by 1.3 points; QQQ is far larger, $483.0bn against $916m.
| Measure | QDTE | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +16.5% | +15.2% |
| Price change, 1 year | fell 21.6% | rose 14.6% |
| Latest payout, annualized | 20.7% | |
| Return of capital, issuer estimate | 100% of the Oct 23, 2026 payment | |
| Drawdown | ||
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Benchmark: Nasdaq-100, measured through QQQ | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.96% | 0.18% |
| Net assets, as of Oct 27, 2026 | $916m | $483.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 46.7% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Mar 15, 2024 to Oct 23, 2026 · 136 weekly returnsEach against its own benchmark: QDTE against QQQ, Mar 15, 2024 to Oct 23, 2026; QQQ against QQQM, Oct 23, 2020 to Oct 23, 2026.
QQQ returned slightly more: +64.7% to +60.8%. QDTE swung less: 17.8% to 20.1%. QDTE fell slightly less at its worst: −20.5% to −21.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | QDTE | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +60.8% | +64.7% | QQQ (slight) | Price change plus distributions, reinvested. |
| Annualized | +19.9% | +21.0% | QQQ (slight) | Total return as a yearly rate. |
| Price return | −38.8% | +62.3% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.8% | 20.1% | QDTE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.2% | 13.1% | QDTE (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −20.5% | −21.3% | QDTE (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 81.9% | 100.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 91.4% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.85 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.93 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.87 | 0.84 | QDTE (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.27 | 1.28 | Tie | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.182 | 0.145 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.97 | 0.98 | Tie | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | QQQM | The ETF each fund is measured against. | |
| Alpha | +1.2% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.39 | −0.58 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −4.8% to +7.2% | −0.4% to +0.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.23 | −0.10 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.7% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 136 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QDTE and QQQ hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
QDTE and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
QDTE and QQQ do different jobs. What does each one do in a portfolio?
- What each follows. QDTE is measured against Nasdaq-100 through QQQ and QQQ follows Nasdaq-100 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Oct 27, 2026).
- Cost. QDTE charges 0.96% of assets a year and QQQ 0.18%, a gap of 0.78 points.
Data as of Oct 28, 2026.
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QDTE
Over the year to Oct 28, 2026, QDTE paid 34.2% of its starting value in cash distributions while its price fell 21.6%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was ahead by 1.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 20.7%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Are QDTE and QQQ in the same category?
- QDTE is an option-income ETF and QQQ is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, QDTE or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, QDTE returned +16.5% and QQQ +15.2%.
- Which is cheaper, QDTE or QQQ?
- QQQ is cheaper, by 0.78 percentage points a year. That is about $78 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, QDTE against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/qdte-vs-qqq
ETFIQ. (Oct 28, 2026). QDTE against QQQ. Retrieved from https://etfiq.com/compare/any/qdte-vs-qqq
[QDTE against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/qdte-vs-qqq)
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