Tencent Music Entertainment Group - ADR vs Roundhill S&P 500 0DTE Covered Call Strategy ETF — how do they compare? Tencent Music Entertainment Group - ADR trades at $8.63 (market cap $16.09B), while Roundhill S&P 500 0DTE Covered Call Strategy ETF trades at $39.45. The key difference: Tencent Music Entertainment Group - ADR pays a 2.75% dividend while Roundhill S&P 500 0DTE Covered Call Strategy ETF pays none, and Roundhill S&P 500 0DTE Covered Call Strategy ETF is trading nearer its 52-week high, Tencent Music Entertainment Group - ADR nearer its low. Which is the better fit depends on your goals.
| TME | XDTE | |
|---|---|---|
Market Cap | $16.09B | — |
Sector | Media | Income / Options Overlay |
52-Week High | $26.36 | $44.76 |
52-Week Low | $8.16 | $36.00 |
Enterprise Value | $14.05B | — |
Dividend Yield | 2.75% | — |
Trailing returns across standard periods
Latest headlines on both assets
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →XDTE is an actively managed ETF that utilizes a synthetic covered call strategy on the S&P 500 Index using zero-days-to-expiration (0DTE) options. It seeks to provide high weekly income and overnight exposure to the index while mitigating some volatility through daily option premium harvesting.
Read more on XDTE →