Data as of Nov 4, 2026.
ODTE vs QDTE: Dividend Yield & Total Return
ODTE and QDTE both write options for income.
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Net assets: $2.1m on Nov 3, 2026 for VegaShares SPX NDX RTY Premium Income ETF, and $881m on Nov 4, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF.
Not measured
ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
ODTE
+4.5%
8.3% of it arrived as cash
Total return, distributions reinvested
Not measured
ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
ODTE
+4.5%
8.3% of it arrived as cash. Total return, distributions reinvested. ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.1.4 pts ahead of QQQ
QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTE
+13.7%
34.7% of it arrived as cash
1.4 pts ahead of QQQ
Total return, distributions reinvested
1.4 pts ahead of QQQ
QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
QQQ
+12.3%
QDTE
+13.7%
34.7% as cash
1.4 pts ahead of QQQ
34.7% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.7%, price −23.4%, total +13.7%, QQQ +12.3%, +1.4 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
ODTE costs 0.28 points a year less; QDTE is far larger, $869m against $2.1m.
Points (pts) are percentage points.
| Measure | ODTE | QDTE |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | +13.7% |
| Price change | fell 7.1% (3 months) | fell 23.4% (1 year) |
| Against its benchmark | ||
| Benchmark | its own holdings | Nasdaq-100, measured through QQQ |
| Against its benchmark, same days | behind by 0.9 pts | ahead by 1.4 pts |
| Cost and size | ||
| Expense ratio | 0.68% | 0.96% |
| Net assets, as of Nov 3, 2026 | $2.1m | $869m |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Apr 10, 2026 to Oct 30, 2026 · 29 weekly returnsFrom Apr 2026 to Oct 2026, QDTE returned more: +11.0% to −0.4%. QDTE fell less at its worst: −7.4% to −8.3%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | ODTE | QDTE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −0.4% | +11.0% | QDTE | Price change plus distributions, reinvested. |
| Price return | −8.0% | −5.7% | QDTE | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −8.3% | −7.4% | QDTE | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 29 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ODTE and QDTE hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | ODTE | QDTE | ODTE | QDTE | ODTE | QDTE |
| 3 months | −3.8% | −1.6% | 3.5% | 6.3% | −0.9 pts | +1.8 pts |
| 6 months | −5.4% | +1.6% | 6.7% | 14.3% | not measured | +2.0 pts |
| 1 year | – | +13.7% | – | 34.7% | – | +1.5 pts |
| Since launchNot the same days: ODTE Apr 2026 · QDTE Mar 2024 | +4.5% | +55.2% | 8.3% | 75.6% | not measured | −2.3 pts |
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No client brief for this pair: ETFIQ prints no one-year total return for ODTE; the two funds' holdings are dated 127 days apart.
ODTE's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned −2.9% over the same days, so a holder was behind by 0.9 pts.
Over the 3 months to Nov 4, 2026, ODTE paid 3.5% of its starting value in cash distributions while its price fell 7.1%. With every distribution reinvested, the fund returned −3.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 14.0%, paid weekly. VegaShares estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
QDTE
Over the year to Nov 4, 2026, QDTE paid 34.7% of its starting value in cash distributions while its price fell 23.4%. With every distribution reinvested, the fund returned +13.7%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 1.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 27.9%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, ODTE against QDTE, data as of Nov 4, 2026. https://etfiq.com/compare/income/odte-vs-qdte
ETFIQ. (Nov 4, 2026). ODTE against QDTE. Retrieved from https://etfiq.com/compare/income/odte-vs-qdte
[ODTE against QDTE (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/odte-vs-qdte)
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