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Beacon

QDTERoundhill Innovation-100 0DTE Covered Call Strategy ETF

Get income2y track recordRanked #780 of 1,650 in this goal

Provides current income and capital appreciation.

By Roundhill Investments · Launched 2024

Annual Cost

0.96%

#4,996 of 5,861 · expensive

Fund Size

$937M

#1,173 of 5,861 · large

Dividend YieldGoal

2.04%

Track Record

2 years

#3,385 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,265+22.7%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 6 holdings = 99.9% of fundconcentrated

N/A
24.4%
N/A
23.7%
N/A
22.7%
N/A
19.1%
Roundhill Weekly T-Bill ETF
6.0%
First American Government Obli
4.0%

Asset allocation

Stocks
168.3%
Other
0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.0%Moderate

Year-on-year price swings

Max drawdown
-22.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Provides current income and capital appreciation.
Strategy
Utilizes a synthetic covered call strategy to generate current income weekly while providing exposure to the price return of the Innovation-100 Index. Invests primarily in options contracts linked to the Innovation-100 Index, with a focus on deep-in-the-money call options for long exposure.
Inception date
March 6, 2024
Fund family
Roundhill Investments

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04