XDTE vs SPYT: Income Fund Comparison
Roundhill S&P 500 0DTE Covered Call Strategy ETF - US (XDTE) and Defiance S&P 500 Income Target ETF - US (SPYT) are both income-focused funds. Below is our independent side-by-side review using the Dependable Income Investing 13-factor scoring system — designed specifically for income investors seeking reliable, sustainable distributions.
Also see: XDTE individual review · SPYT individual review
XDTE: XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy. SPYT: Expense ratio is 0.87%. XDTE the fund launched March 7 2024 so it is still relatively new. SPYT the fund was established March 7 2024 - just over 2 years of history. Full Dependability and Return scores for both funds are available in the app.
| XDTE | SPYT | |
|---|---|---|
| Fund Name | Roundhill S&P 500 0DTE Covered Call Strategy ETF - US | Defiance S&P 500 Income Target ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | 2025-07-10 | 2026-04-07 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: XDTE vs SPYT 20% of overall score
Fund Attributes cover the foundational characteristics of each fund: cost, company backing, track record, and size. These factors reflect stability and cost-efficiency for long-term income investors.
XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy.
Expense ratio is 0.87%.
As of June 2025 - Roundhill has over $5 billion in AUM across all funds.
Defiance ETFs manages approximately $7.32 billion across its ETF suite.
The fund launched March 7 2024 so it is still relatively new.
The fund was established March 7 2024 - just over 2 years of history.
Approximately $400 million in the fund as of July 2025.
Net assets are approximately $138 million.
Risk: XDTE vs SPYT 35% of overall score
Risk factors evaluate how each fund manages volatility, diversification, and the nature of its underlying assets — critical considerations for income investors who prioritise capital preservation.
slightly lower volatility than the S&P 500.
Beta is 1.0154 vs SPY over the data series from 2024-03-15 to 2026-03-28 - in line with the market. Standalone volatility is 14.23% annualized (weekly total returns) - low to moderate price choppiness.
See the full Risk analysis for both XDTE and SPYT — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: XDTE vs SPYT 45% of overall score
Return factors assess income generation quality: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Pays weekly distributions.
Monthly distributions confirmed by distribution history.
See the full Return analysis for both XDTE and SPYT — yield ratings, distribution consistency scores, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score answers the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes for both XDTE and SPYT are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: XDTE vs SPYT
Which has a lower expense ratio, XDTE or SPYT?
XDTE: XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy.
SPYT: Expense ratio is 0.87%.
Which fund has more assets under management, XDTE or SPYT?
XDTE: Approximately $400 million in the fund as of July 2025.
SPYT: Net assets are approximately $138 million.
Which fund has been trading longer, XDTE or SPYT?
XDTE: The fund launched March 7 2024 so it is still relatively new.
SPYT: The fund was established March 7 2024 - just over 2 years of history.
Who manages XDTE vs SPYT?
XDTE: As of June 2025 - Roundhill has over $5 billion in AUM across all funds.
SPYT: Defiance ETFs manages approximately $7.32 billion across its ETF suite.
Where can I see the full XDTE vs SPYT comparison with scores?
The complete side-by-side comparison — including all Risk and Return scores, analyst notes, Overall Score, and Dependability Score for both funds — is available in the Dependable Income Investing app.
What is the difference between XDTE and SPYT?
Roundhill S&P 500 0DTE Covered Call Strategy ETF - US is a Index Based Fund. XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy. Defiance S&P 500 Income Target ETF - US is a Index Based Fund. Expense ratio is 0.87%. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, XDTE or SPYT?
XDTE: XDTE's gross expense ratio of 0.97% is slightly above average for similar ETFs - reflecting the active management and complexity of the 0DTE options strategy. The fund launched March 7 2024 so it is still relatively new. SPYT: Expense ratio is 0.87%. The fund was established March 7 2024 - just over 2 years of history. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do XDTE and SPYT pay monthly distributions?
XDTE: Pays weekly distributions. SPYT: Monthly distributions confirmed by distribution history. Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full XDTE vs SPYT Comparison
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors for both funds, Risk and Return analyst notes, Dependability Scores, and tools to compare any income fund side by side.
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