- Pays: weekly — typically going ex-dividend on Thursdays.
- First paid: March 2024, alongside its Nasdaq sibling QDTE.
- What it is: Roundhill's S&P 500 income fund built on zero-days-to-expiry (0DTE) options — it sells calls each morning that expire the same afternoon.
- The clever part: because the calls die daily, XDTE keeps the market's overnight moves — historically where much of the S&P's gain happens — and sells off only the intraday upside.
- The trade-off: daily option selling caps every strong trading day, and the distributions (often partly return of capital) move with market volatility.
XDTE targets high weekly income, not a fixed amount — payouts move with option premiums, and portions are typically classified as return of capital.
XDTE pays weekly. Each point below is one distribution since March 2024. The table further down totals each year.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from XDTE's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
XDTE runs one of the more interesting designs in the income-ETF world. Each morning it sells call options on the S&P 500 that expire that same day — the famous 0DTE contracts — collecting premium that funds a weekly distribution. Because it holds the market uncovered overnight, it keeps the after-hours drift that has historically driven a surprising share of index returns, while selling away only the intraday rallies. It's the same blueprint as its Nasdaq sibling QDTE, pointed at the broader, calmer S&P 500.
Calmer index, smaller premiums: XDTE's distribution rate runs below QDTE's, and both move with market volatility. The distributions typically include return-of-capital components — fine when understood, misleading when not (plain-English guide). As always, the backtest above — price plus payouts — is the honest scoreboard.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is XDTE's Next Ex-Dividend Date?
XDTE pays weekly — typically going ex-dividend on Thursdays. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from XDTE's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
XDTE's Record So Far
XDTE — the Roundhill S&P 500 0DTE Covered Call Strategy ETF — launched in March 2024 as the S&P half of Roundhill's weekly-income pair, and has paid every week since: roughly $10.21 per share over its partial 2024, $15.54 across 2025, and a slower 2026 pace as market volatility cooled. Every payment is charted above, with the next expected ex-date computed from its actual rhythm.
Why "Zero Days" Changes the Covered-Call Math
A traditional covered-call fund like QYLD sells monthly options, capping a whole month of upside at a stroke. XDTE's daily contracts reset the cap every morning — so the fund captures the index's overnight gains (a historically large share of total returns) and sacrifices only what happens between the opening and closing bells. The cost of that elegance: 0DTE premiums are thin individually, the strategy trades constantly, and in a sharp intraday rally the fund watches from behind its sold calls. It is a genuinely modern design whose long-run performance is still being written.
Where XDTE Fits
XDTE suits an income investor who wants weekly cash from broad-market exposure rather than a single volatile stock — a meaningfully different risk than the YieldMax family, though the option-income physics rhyme. Its natural comparisons are its sibling QDTE (same design, Nasdaq engine, higher rate) and the monthly S&P income funds like SPYI. Size any position from the current payment pace on the live calendar, not the trailing year.
Return of Capital, Demystified
High-income funds often pay you partly with your own capital. When that's fine, when it's erosion, and how to tell — in plain English.
Read: ROC & NAV Erosion