Dividend comparison
ODTE vs QDTE: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for VegaShares SPX NDX RTY Premium Income ETF and Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF, side by side. Updated October 21, 2026.
ODTE vs QDTE: key differences
The short answer, from the latest data on this page.
- Fees. ODTE is cheaper at 0.76% a year versus 0.96% for QDTE. On $10,000 that is $20 a year less in fees.
- Income. QDTE pays more income, yielding 44.45% over the last twelve months versus 7.95% for ODTE. That is about $3,650 more a year on $10,000. Both pay weekly.
- Risk. QDTE has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -24.3%, against -11.6% for ODTE.
- Diversification. QDTE holds 6 positions and ODTE holds 3. The ten largest positions make up 99.8% of ODTE and 191.0% of QDTE.
- Overlap. ODTE and QDTE share no holdings, so they behave as separate building blocks.
- Size. QDTE is the larger fund with $913 million in assets, against $2 million for ODTE.
Bottom line: ODTE fits better if you care most about lower fees and smaller drawdowns. QDTE fits better if you care most about more income today and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | ODTE VegaShares SPX NDX RTY Premium Income ETF | QDTE Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF |
|---|---|---|
| Dividend yield (TTM) | 7.95% | 44.45% |
| Dividend / share (TTM) | $1.94 | $12.50 |
| Payout frequency | Weekly | Weekly |
| Last dividend | $0.0670 on Oct 16, 2026 | $0.1292 on Oct 16, 2026 |
| Ex-dividend date | Oct 15, 2026 | Oct 15, 2026 |
| Price | $24.41 | $28.13 |
| Beta | 0.94 | 1.25 |
| Max drawdown (5Y) | -11.6% | -24.3% |
| Market cap | $936,451 | $902.1M |
| Exchange | NASDAQ | CBOE |
| Expense ratio | 0.76% | 0.96% |
| Assets under management | $2.2M | $912.7M |
| Number of holdings | 3 | 6 |
| Top 10 concentration | 99.8% | 191.0% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
ODTE
$66.22/mo
$795 /yr at 7.95% yield
QDTE
$370.39/mo
$4445 /yr at 44.45% yield
Dividend history
Total dividends paid per share in each calendar year. ODTE pays weekly; QDTE pays weekly.
| Year | ODTE | QDTE |
|---|---|---|
| 2025 | — | $13.5402 |
Strategy: Options income
These funds own equities and sell call options against them, converting a share of future price appreciation into cash paid out now. How much upside is surrendered depends on the design: writing at the money on the whole portfolio pays the most and keeps the least, while writing on a partial slice or using purchased offsets keeps more of a rally. Distributions come mainly from option premium rather than from company dividends, so the headline yield is not comparable to a dividend fund's.
Payouts are variable rather than contractual, are often taxed as ordinary income, and a fund that pays out more than the strategy earns will see its net asset value drift down over time.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 22, 2026 would now be worth $8,958 in ODTE and $8,919 in QDTE.
| Period | ODTE | QDTE |
|---|---|---|
| 1 month | -2.36% | -2.33% |
| 3 months | -7.08% | -3.43% |
| Year to date | — | -8.79% |
| 1 year | — | -18.70% |
| 3 years | — | — |
| 5 years | — | — |
- ODTE
- QDTE
Both series indexed to 100 on 2026-06-22 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- ODTE
- QDTE
ODTE vs QDTE holdings overlap
0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.
ODTE3 holdings total
QDTE6 holdings total
| Name | Weight |
|---|---|
| 4QQQ 271119C00070110QQQ 11/19/2027 70.11 C | 73.39% |
| 4NDX 270319C02510150NDX 03/19/2027 2510.15 C | 25.86% |
| 4NDX 261218C024501004NDX US 12/18/26 C2450.1 FLX | 25.04% |
| 4NDX 270611C03059420NDX 06/11/2027 3059.42 C | 22.05% |
| 4NDX 260918C022500004NDX US 09/18/26 C2250 FLX | 18.15% |
| 4QQQ 270917C00070690QQQ 09/17/2027 70.69 C | 17.65% |
| WEEKRoundhill Weekly T-Bill ETF | 5.25% |
| FGXXXFirst American Government Obligations Fund 12/01/2031 | 3.59% |
Quick verdict
ODTE fits better if you care most about lower fees and smaller drawdowns. QDTE fits better if you care most about more income today and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how ODTE vs QDTE fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is ODTE or QDTE better for dividend income?
It depends on your goals. ODTE currently yields 7.95% Trailing Twelve Months (TTM) while QDTE yields 44.45%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between ODTE and QDTE?
VegaShares SPX NDX RTY Premium Income ETF (ODTE) is an ETF listed on NASDAQ. Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF (QDTE) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, ODTE or QDTE?
ODTE has the lower expense ratio. ODTE charges 0.76% a year and QDTE charges 0.96%, a difference of $20 a year on a $10,000 investment.
Which is riskier, ODTE or QDTE?
Measured by the worst peak-to-trough decline over the last five years, QDTE has been riskier: ODTE fell as much as 11.6% and QDTE as much as 24.3%. Their betas are 0.94 and 1.25.
How often do ODTE and QDTE pay dividends?
Both pay weekly. The most recent payments were $0.0670 for ODTE and $0.1292 for QDTE.
How much income does $10,000 in ODTE vs QDTE generate?
At current TTM yields, $10,000 in ODTE would generate roughly $66.22 per month ($795 annually). The same amount in QDTE would produce about $370.39 per month ($4445 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both ODTE and QDTE?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare ODTE vs QDTE with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how ODTE and QDTE fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.