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XDTERoundhill S&P 500 0DTE Covered Call Strategy ETF

Get income2y track recordRanked #910 of 1,650 in this goal

Provides current income and capital appreciation.

By Roundhill Investments · Launched 2024

Annual Cost

0.97%

#5,031 of 5,861 · expensive

Fund Size

$326M

#1,918 of 5,861 · large

Dividend YieldGoal

1.45%

Track Record

2 years

#3,385 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,825+18.2%

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

S&P 500 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 99.9% of fundconcentrated

N/A
71.7%
N/A
17.6%
Roundhill Weekly T-Bill ETF
9.0%
First American Government Obli
1.6%

Asset allocation

Stocks
173.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
11.9%Moderate

Year-on-year price swings

Max drawdown
-19.1%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 S&P 500 Index through options contracts. The Fund invests primarily in options on the S&P 500 Index, aiming to balance income generation with capital appreciation.
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