Which returned more over the last year, QDTE or SPY?

In the year to Sep 4, 2026, with distributions reinvested, QDTE returned +24.7% and SPY returned +20.0%, so QDTE returned more. One year is one year; the longer windows are in the table.

Are QDTE and SPY the same kind of fund?

No. QDTE is an option-income ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.

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QDTE vs SPY

Name: ETFIQ comparison of QDTE and SPY
Creator: ETFIQ
License: https://etfiq.com/standards/

Roundhill Innovation-100 0DTE Covered Call Strategy ETF and SPDR S&P 500 ETF Trust.

What they hold in common

By the books each fund has filed, QDTE and SPY hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in QDTE	Only in SPY
Roundhill Weekly T-Bill ETF 100.00%	NVIDIA Corp. 7.52%
	Apple, Inc. 6.59%
	Microsoft Corp. 4.30%
	Amazon.com, Inc. 3.62%
	Alphabet, Inc. 3.25%
	Broadcom, Inc. 2.77%
	Alphabet, Inc. 2.59%
	Micron Technology, Inc. 2.02%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Jun 30, 2026.

QDTE and SPY on the fields both publish, as of Sep 4, 2026. Source: ETFIQ.
	QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	SPY SPDR S&P 500 ETF Trust
Where it sits	Income desk	Core fund
Issuer	Roundhill	State Street
What it is	0DTE covered call, vs QQQ	S&P 500, book from IVV
Total return, 1 year	+24.7%	+20.0%
S&P 500 over the same days	+25.6%	+20.0%
Gap to the S&P 500	−0.9 pts	+0.0 pts
Cash paid, 1 year	37.4%	not an income fund
Expense ratio	0.96%	not published
Holdings	n/a	504

QDTE in plain words

Over the year to Sep 4, 2026, QDTE paid 37.4% of its starting value in cash distributions while its price fell 17.0%. With every distribution reinvested, the fund returned +24.7%. Nasdaq-100 (QQQ) returned +25.6% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 4, 2026 the latest distribution annualises to 25.1%, paid weekly.

SPY in plain words

SPY is a index equity fund tracking S&P 500, book from IVV. Over the year to Sep 4, 2026 it returned +20.0% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.

Questions people ask

Which returned more over the last year, QDTE or SPY?: In the year to Sep 4, 2026, with distributions reinvested, QDTE returned +24.7% and SPY returned +20.0%, so QDTE returned more. One year is one year; the longer windows are in the table.
Are QDTE and SPY the same kind of fund?: No. QDTE is an option-income ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

QDTE against SPY, ETFIQ, data as of Sep 4, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, QDTE against SPY, data as of Sep 4, 2026. https://etfiq.com/compare/any/QDTE-SPY.html Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources