Roundhill Suite of 0DTE Covered Call ETFs Surpass $1 Billion in AUM
Roundhill Investments announces its suite of 0DTE covered call ETFs (XDTE, QDTE, RDTE) has surpassed $1 billion in combined assets under management. These first-ever ETFs selling zero-days-to-expiry options have outperformed their underlying indices while providing weekly distributions to shareholders.
Performance data as of September 30, 2024 shows: XDTE achieved 15.71% NAV return vs S&P 500's 13.76%; QDTE reached 13.58% NAV return vs Nasdaq-100's 11.85%; and RDTE posted 7.28% NAV return vs Russell 2000's 6.30%. The outperformance is partly attributed to the 'night effect' through uncapped overnight market exposure, a unique feature compared to other covered call strategies.
Roundhill Investments annuncia che il suo insieme di ETF covered call a 0DTE (XDTE, QDTE, RDTE) ha superato 1 miliardo di dollari in attivi combinati sotto gestione. Questi ETF, i primi nella storia a vendere opzioni con zero giorni alla scadenza, hanno superato i loro indici sottostanti mentre fornivano distribuzioni settimanali agli azionisti.
I dati sulle performance al 30 settembre 2024 mostrano: XDTE ha raggiunto un rendimento NAV del 15,71% rispetto al 13,76% dell'S&P 500; QDTE ha registrato un rendimento NAV del 13,58% contro l'11,85% del Nasdaq-100; e RDTE ha riportato un rendimento NAV del 7,28% rispetto al 6,30% del Russell 2000. L'outperformance è in parte attribuita all' 'effetto notte' attraverso un'esposizione al mercato notturno senza limiti, un caratteristica unica rispetto ad altre strategie di covered call.
Roundhill Investments anuncia que su conjunto de ETFs de covered call de 0DTE (XDTE, QDTE, RDTE) ha superado 1 mil millones de dólares en activos combinados bajo gestión. Estos ETFs, los primeros en su tipo que venden opciones con cero días para el vencimiento, han superado a sus índices subyacentes mientras proporcionan distribuciones semanales a los accionistas.
Los datos de rendimiento al 30 de septiembre de 2024 muestran: XDTE logró un retorno NAV del 15,71% frente al 13,76% del S&P 500; QDTE alcanzó un retorno NAV del 13,58% frente al 11,85% del Nasdaq-100; y RDTE registró un retorno NAV del 7,28% frente al 6,30% del Russell 2000. El rendimiento superior se atribuye en parte al 'efecto noche' a través de una exposición al mercado nocturno sin límites, una característica única en comparación con otras estrategias de covered call.
라운드힐 투자는 0DTE 커버드 콜 ETF(XDTE, QDTE, RDTE) 세트가 10억 달러의 자산을 초과했다고 발표했습니다. 재무와 함께 제로 만기 옵션을 판매하는 최초의 ETF인 이들은 주주들에게 주간 배당금을 제공하면서 기초 지수를 초과 달성했습니다.
2024년 9월 30일 기준 성능 데이터에 따르면: XDTE는 S&P 500의 13.76%에 비해 15.71% NAV 수익률을 달성했으며; QDTE는 Nasdaq-100의 11.85%에 비해 13.58% NAV 수익률에 도달했으며; 그리고 RDTE는 Russell 2000의 6.30%에 비해 7.28% NAV 수익률을 기록했습니다. 이러한 초과 성과는 제한 없는 야간 시장 노출을 통한 '야간 효과'에 부분적으로 기인하며, 이는 다른 커버드 콜 전략과 비교했을 때 독특한 특징입니다.
Roundhill Investments annonce que son ensemble d'ETFs de covered call à 0DTE (XDTE, QDTE, RDTE) a dépassé 1 milliard de dollars d'actifs combinés sous gestion. Ces premiers ETFs à vendre des options avec zéro jour avant l'expiration ont surperformé leurs indices sous-jacents tout en offrant des distributions hebdomadaires aux actionnaires.
Les données de performance au 30 septembre 2024 montrent : XDTE a obtenu un rendement NAV de 15,71 % par rapport à 13,76 % pour le S&P 500 ; QDTE a atteint un rendement NAV de 13,58 % par rapport à 11,85 % pour le Nasdaq-100 ; et RDTE a affiché un rendement NAV de 7,28 % par rapport à 6,30 % pour le Russell 2000. Cette surperformance est en partie attribuée à l' 'effet nuit' grâce à une exposition illimitée au marché nocturne, une caractéristique unique par rapport à d'autres stratégies de covered call.
Roundhill Investments kündigt an, dass sein Portfolio von 0DTE Covered Call ETFs (XDTE, QDTE, RDTE) über 1 Milliarde Dollar an verwaltetem Vermögen überschreitet. Diese ersten ETFs, die Optionen mit null Tagen bis zur Fälligkeit verkaufen, haben ihre zugrunde liegenden Indizes übertroffen, während sie den Aktionären wöchentliche Ausschüttungen bieten.
Performance-Daten zum 30. September 2024 zeigen: XDTE erzielte eine NAV-Rendite von 15,71% im Vergleich zu 13,76% des S&P 500; QDTE erzielte eine NAV-Rendite von 13,58% im Vergleich zu 11,85% des Nasdaq-100; und RDTE erzielte eine NAV-Rendite von 7,28% im Vergleich zu 6,30% des Russell 2000. Die Überleistung wird teilweise dem 'Nachteffekt' zugeschrieben, der durch uneingeschränkte nächtliche Marktexposition entsteht, ein einzigartiges Merkmal im Vergleich zu anderen Covered Call-Strategien.
- Surpassed $1 billion in combined AUM
- All three ETFs outperformed their underlying indices
- XDTE outperformed S&P 500 by 1.95%
- QDTE outperformed Nasdaq-100 by 1.73%
- RDTE outperformed Russell 2000 by 0.98%
- 0.95% expense ratio across all three funds
Insights
The rapid accumulation of
The "night effect" advantage through uncapped overnight exposure provides a unique edge over traditional covered call ETFs. This structural advantage, combined with the high-frequency 0DTE options strategy, has proven effective in both generating income and capturing market upside. The
The success of these pioneering 0DTE ETFs signals a growing appetite for sophisticated options-based income strategies among retail investors. The suite's ability to attract
Each fund's outperformance of its benchmark index challenges the conventional wisdom that covered call strategies necessarily underperform in rising markets. This could reshape how investors view options-based ETFs, potentially leading to increased adoption of similar products. The weekly distribution feature particularly appeals to income-focused investors seeking more frequent payouts than traditional monthly dividend products.
XDTE, QDTE and RDTE are the first-ever ETFs to sell zero-days-to-expiry (0DTE) options to generate income and provide weekly distributions to shareholders.
In addition to providing weekly distributions, the suite has delivered strong total returns for shareholders. As of the most recent quarter end, all three ETFs had outperformed the underlying indices that they trade options on. This outperformance has been attributable to several factors, including the "night effect" captured via uncapped overnight market exposure, a unique feature of the suite when compared against other covered call strategies in the marketplace.
Since Inception (3/7/2024) | |
XDTE Market Price | 15.57 % |
XDTE NAV | 15.71 % |
S&P 500 Index | 13.76 % |
Since Inception (3/7/2024) | |
QDTE Market Price | 13.59 % |
QDTE NAV | 13.58 % |
Nasdaq-100 Index | 11.85 % |
Since Inception (9/10/2024) | |
RDTE Market Price | 7.44 % |
RDTE NAV | 7.28 % |
Russell 2000 Index | 6.30 % |
Source: Index performance via Bloomberg, Fund performance via Roundhill Investments as of September 30, 2024.
The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent standardized and month-end performance, please click here: XDTE, QDTE, RDTE. The Gross Expense Ratio for XDTE, QDTE and RDTE is
Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the Primary Exchange official closing price. Brokerage commissions will reduce returns.
1Source: Bloomberg as of December 4, 2024.
About Roundhill Investments:
Founded in 2018, Roundhill Investments is an SEC-registered investment advisor focused on innovative exchange-traded funds. Roundhill's suite of ETFs offers unique and differentiated exposures across thematic equity, options income, and trading vehicles. Roundhill offers a depth of ETF knowledge and experience, as the team has collectively launched more than 100+ ETFs including several first-to-market products. To learn more about the company, please visit roundhillinvestments.com.
This material must be preceded or accompanied by a prospectus.
Click here for the XDTE prospectus.
Click here for the QDTE prospectus.
Click here for the RDTE prospectus.
All investing involves risk, including the risk of loss of principal. There is no guarantee the investment strategy will be successful. The funds faces numerous risks, including options risk, liquidity risk, market risk, cost of futures investment risk, clearing broker risk, commodity regulatory risk, futures contract risk, active management risk, active market risk, clearing broker risk, credit risk, derivatives risk, legislation and litigation risk, operational risk, trading issues risk, valuation risk and non-diversification risk. For a detailed list of fund risks see the prospectus.
Covered Call Strategy Risk. A covered call strategy involves writing (selling) covered call options in return for the receipt of premiums. The seller of the option gives up the opportunity to benefit from price increases in the underlying instrument above the exercise price of the options, but continues to bear the risk of underlying instrument price declines. The premiums received from the options may not be sufficient to offset any losses sustained from underlying instrument price declines, over time. As a result, the risks associated with writing covered call options may be similar to the risks associated with writing put options. Exchanges may suspend the trading of options during periods of abnormal market volatility. Suspension of trading may mean that an option seller is unable to sell options at a time that may be desirable or advantageous to do.
Flex Options Risk. The Fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund could suffer significant losses. Additionally, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. The values of FLEX Options do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of reference asset.
QDTE & XDTE
0DTE Options Risk.**** The Fund's use of zero days to expiration, known as "0DTE" options, presents additional risks. Due to the short time until their expiration, 0DTE options are more sensitive to sudden price movements and market volatility than options with more time until expiration. Because of this, the timing of trades utilizing 0DTE options becomes more critical. Although the Fund intends to enter into 0DTE options trades on market open, or shortly thereafter, even a slight delay in the execution of these trades can significantly impact the outcome of the trade. Such options may also suffer from low liquidity, making it more difficult for the Fund to enter into its positions each morning at desired prices. The bid-ask spreads on 0DTE options can be wider than with traditional options, increasing the Fund's transaction costs and negatively affecting its returns. Additionally, the proliferation of 0DTE options is relatively new and may therefore be subject to rule changes and operational frictions. To the extent that the OCC enacts new rules relating to 0DTE options that make it impractical or impossible for the Fund to utilize 0DTE options to effectuate its investment strategy, it may instead utilize options with the shortest remaining maturity available or it may utilize swap agreements to provide the desired exposure.
New Fund Risk. The fund is new and has a limited operating history.
Roundhill Financial Inc. serves as the investment advisor. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc.,
Glossary
S&P 500 Index: The S&P 500® is widely regarded as the best single gauge of large-cap
Innovation-100 Index: The Innovation-100 Index is a globally recognized index that tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market®, encompassing a diverse range of industries and sectors. The components of the Innovation-100 Index are weighted pursuant to their market capitalization. The index is rebalanced quarterly and reconstituted annually.
Small Cap Index: The Small Cap Index is a measure of the performance of the small-capitalization sector of the
Nasdaq-100 Index: The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ. No security can have more than a
Russell 2000 Index: The Russell 2000 Index is comprised of the smallest 2000 companies in the Russell 3000 Index, representing approximately
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SOURCE Roundhill Investments
FAQ
What is the performance of QDTE compared to the Nasdaq-100 index since inception?
How much AUM has Roundhill's 0DTE ETF suite accumulated?
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What unique feature contributes to QDTE's performance?
