XDTE

The Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) is an exchange-traded fund designed to generate income through ultra-short-term options strategies linked to the S&P 500 Index. The ETF is managed by Roundhill Investments and trades under the ticker XDTE on NYSE Arca.

Classified as an equity ETF employing an active income strategy based on 0DTE options on the S&P 500, XDTE seeks to generate distributable income, before fees and expenses, through systematic covered call strategies.

The fund does not passively replicate a traditional benchmark index. Its methodology combines exposure to the S&P 500 with the systematic sale of same-day expiration call options, known as 0DTE (zero days to expiration) options.

The strategy seeks to capture ultra-short-term volatility premiums while maintaining partial exposure to movements in the U.S. equity market. Covered call writing may limit part of the upside participation during strong market advances.

Diversification and sector exposure

XDTE provides indirect exposure to major sectors of the U.S. equity market through the S&P 500, including segments such as:

• Information technology
• Health care
• Consumer discretionary
• Consumer staples
• Communication services
• Financials
• Industrials

This composition reflects the sector structure of the S&P 500 combined with the ETF’s active options strategy.

Structure and costs

XDTE shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. XDTE may distribute income generated primarily from option premium strategies.

History and evolution of the ETF

The Roundhill S&P 500 0DTE Covered Call Strategy ETF was launched in 2024, during a period of growth in ultra-short-term options strategies and increased activity in S&P 500 derivatives markets.

Since inception, the fund has reflected movements related to implied volatility, Federal Reserve monetary policy cycles, and fluctuations in the U.S. equity market.

In recent years, XDTE has reflected the expansion of the 0DTE options market and growing investor interest in short-term derivatives-based income strategies.

Additional Information

Roundhill S&P 500 0DTE Covered Call Strategy ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $316.40 Millions.

Over the past 12 months, Roundhill S&P 500 0DTE Covered Call Strategy ETF recorded a return of 23.17%, with its price trading between $36.00 and $44.76 during the same period.

The ETF is traded under the ticker XDTE.