XDTE vs WDTE: Income Fund Comparison
Roundhill S&P 500 0DTE Covered Call Strategy ETF - US (XDTE) and Defiance S&P 500 Weekly Distribution ETF - US (WDTE) 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 · WDTE 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. WDTE: Expense ratio is 1.03% which is high. XDTE the fund launched March 7 2024 so it is still relatively new. WDTE fund inception date was September 18th 2023 - approximately 2.5 years of history as of review date (rounded up to 3 years for scoring). In early October 2024 the fund moved from monthly to weekly distributions. Full Dependability and Return scores for both funds are available in the app.
| XDTE | WDTE | |
|---|---|---|
| Fund Name | Roundhill S&P 500 0DTE Covered Call Strategy ETF - US | Defiance S&P 500 Weekly Distribution ETF - US |
| Fund Type | Index Based Fund | Index Based Fund |
| Exchange | NYSE/NASDAQ | NYSE/NASDAQ |
| Last Reviewed | 2025-07-10 | 2026-03-07 |
| Author | Adam Hyde, Income Investing Analyst | |
🔒 Full scores available — with Premium subscription
Compare Performance — Free →Fund Attributes: XDTE vs WDTE 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 1.03% which is high.
As of June 2025 - Roundhill has over $5 billion in AUM across all funds.
Defiance ETFs surpassed $8 Billion in assets under management as of January 2026.
The fund launched March 7 2024 so it is still relatively new.
Fund inception date was September 18th 2023 - approximately 2.5 years of history as of review date (rounded up to 3 years for scoring). In early October 2024 the fund moved from monthly to weekly distributions.
Approximately $400 million in the fund as of July 2025.
$65.51 Million in assets under management which is a very small fund. Fund has shrunk from $72 Million in the previous review - likely due to poor performance.
Risk: XDTE vs WDTE 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 vs SPY is approximately -0.26 (2023-09-29 to 2026-03-06) - very low / inverse market correlation. Per scoring rules - standalone volatility is used when |beta| < 0.6. Standalone annualized volatility (weekly total returns) is approximately 121.29% - extremely high price choppiness independent of market movements. Combined with severe NAV erosion of approximately -48.87% since inception.
See the full Risk analysis for both XDTE and WDTE — volatility ratings, diversification scores, and analyst notes.
View Plans →Return: XDTE vs WDTE 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.
Weekly distributions (moved from monthly in early October 2024).
See the full Return analysis for both XDTE and WDTE — 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 WDTE are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions: XDTE vs WDTE
Which has a lower expense ratio, XDTE or WDTE?
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.
WDTE: Expense ratio is 1.03% which is high.
Which fund has more assets under management, XDTE or WDTE?
XDTE: Approximately $400 million in the fund as of July 2025.
WDTE: $65.51 Million in assets under management which is a very small fund. Fund has shrunk from $72 Million in the previous review - likely due to poor performance.
Which fund has been trading longer, XDTE or WDTE?
XDTE: The fund launched March 7 2024 so it is still relatively new.
WDTE: Fund inception date was September 18th 2023 - approximately 2.5 years of history as of review date (rounded up to 3 years for scoring). In early October 2024 the fund moved from monthly to weekly distributions.
Who manages XDTE vs WDTE?
XDTE: As of June 2025 - Roundhill has over $5 billion in AUM across all funds.
WDTE: Defiance ETFs surpassed $8 Billion in assets under management as of January 2026.
Where can I see the full XDTE vs WDTE 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 WDTE?
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 Weekly Distribution ETF - US is a Index Based Fund. Expense ratio is 1.03% which is high. Full comparison including Dependability Score is available in the Dependable Income Investing app.
Which is better for income investors, XDTE or WDTE?
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. WDTE: Expense ratio is 1.03% which is high. Fund inception date was September 18th 2023 - approximately 2.5 years of history as of review date (rounded up to 3 years for scoring). In early October 2024 the fund moved from monthly to weekly distributions. Which scores higher on Dependability and Return is available in the Dependable Income Investing app.
Do XDTE and WDTE pay monthly distributions?
XDTE: Pays weekly distributions. WDTE: Weekly distributions (moved from monthly in early October 2024). Full yield and distribution stability scores for both funds are available in the Dependable Income Investing app.
See the Full XDTE vs WDTE 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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