XDTE/ Roundhill S&P 500 0DTE Income
Comprehensive risk audit, payout history, and forward-looking dividend projections.
What This Page Shows
- Dividend yield and net yield after fees (24.57% vs 23.60%)
- Risk tier classification: Tier 5 High Octane
- TTM NAV change: -11.1%
- Income sustainability flags and payout history trends
DivAgent Audit Brief
XDTE is a Tier 5 High Octane asset yielding 24.57%. It utilizes an aggressive options strategy to generate income, resulting in high immediate yield but significant risk of NAV erosion. Warning: NAV has declined -11.1% over the TTM.
Provider
Roundhill
Sector
Multi
Asset Class
Derivative Income
Expense Ratio
0.97%
AUM
$287.87M
Inception
—
Distribution
weekly
NAV Change (1Y)
-11.1%
Who Should Buy XDTE?
XDTE is best suited for Income Maximizers. The fund generates a 24.57% yield through selling options against its holdings.
Speculative traders looking for short-term yield capture, willing to risk principal decay.
You are building a 'forever portfolio' and cannot tolerate NAV (share price) decline.
Quick Audit
- TypeDerivative Income
- ComplexityHigh
- Tax EfficiencyLow (Ordinary Income)
- VolatilityModerate (Lower Beta)
How XDTE fits in a portfolio
High-Octane single-stock synthetics print headline yields and erode NAV in plain sight.
Tier 5 includes YieldMax, Defiance, and similar single-stock option income products. Distribution yields above 30% often mask NAV erosion that exceeds income on a net basis. Use as an accent only, sized so a 50% NAV decline does not break the portfolio thesis.
Suggested allocation
1% – 5%
of an income-focused portfolio
Estimated 12-mo net: -$5,756 to $4,016 (P10–P90 range)
How is this projected?
Income series uses your forecasted distribution rate. NAV drift band is the P10/P50/P90 of historical monthly returns by risk tier. For Tier 5 holdings, the P10 path can show meaningful NAV erosion — this is the educational point, not a bug.
Comparing stated yield to actual total return performance
Yield ≠ Returns
This high-yield fund is experiencing significant NAV erosion. While the stated yield is 24.6%, your actual return is only 18.0% due to principal decline.
Return of Capital Note: Options-based ETFs may classify portions of distributions as Return of Capital. This is often a tax accounting mechanism rather than true principal erosion.
Institutional Data Locked
Advanced liquidity metrics for Tier 5 assets are available to Premium members.
Unlock MetricsDivAgent Analyst Verdict
“XDTE is currently serving as a high-yield accelerator. Investors should be aware that sells same-day expiration options at market open. captures overnight returns while remaining uncapped until next session.”
Risk Profile Audit
Classified as high risk to principal. Significant NAV erosion is possible during volatile markets. Suitable only for income-focused satellite positions.
Price Chart
Live DataCalculate Your Returns
Estimate income for XDTE
~25.54 shares at $39.16
Estimates use the latest forecasted distribution and are not guarantees.
Track XDTE in DivAgentVerified Payout History
Last 1 of 20 Payments| Ex-Dividend Date | Amount | Frequency | Status |
|---|---|---|---|
| Jul 01, 2026 | $0.1850 | Weekly | PAID |
+19 more dividends hidden | |||
19 more dividends available
Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.
Compare XDTE Alternatives
See All ComparisonsXDTE FAQ
Common questions about XDTE dividends, safety, and performance
Institutional Analysis Context
This FAQ section provides institutional-grade analysis of XDTE. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.
DivAgent Data Methodology
Risk Tier Classification
Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.
NAV Erosion Calculation
We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.
Yield vs. Income
DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.
Performance Benchmarking
All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.
Data as of Jul 7, 2026, 3:01 AM · Dividend history updated Jul 7, 2026 · Sources: Yahoo Finance, FMP, issuer filings.
Forward yields are projections based on the most recent declared distribution annualized; distributions may include return of capital. Past performance of XDTE does not guarantee future results.