Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
QQQ vs QYLD
Invesco QQQ Trust and Global X NASDAQ 100 Covered Call ETF.
What they hold in common
By the books each fund has filed, QQQ and QYLD hold 74% of their money in the same securities at the same weight.
| Holding | QQQ | QYLD |
|---|---|---|
| NVIDIA Corp. | 8.16% | 8.56% |
| Microsoft Corp. | 5.32% | 5.34% |
| Alphabet Inc. | 3.52% | 3.95% |
| Broadcom Inc. | 3.37% | 3.49% |
| Tesla, Inc. | 3.46% | 3.36% |
| Alphabet Inc. | 3.26% | 3.66% |
| Meta Platforms, Inc. | 2.97% | 3.18% |
| Micron Technology, Inc. | 4.80% | 2.83% |
| Walmart Inc. | 2.48% | 3.14% |
| Intel Corp. | 2.52% | 2.30% |
| Costco Wholesale Corp. | 1.86% | 2.19% |
| Cisco Systems, Inc. | 2.09% | 1.76% |
| Only in QQQ | Only in QYLD |
|---|---|
| Apple Inc. 7.29% | APPLE INC. 7.03% |
| Amazon.com, Inc. 4.62% | AMAZON.COM, INC. 5.02% |
| Advanced Micro Devices, Inc. 3.70% | ADVANCED MICRO DEVICES, INC. 2.81% |
| Applied Materials, Inc. 1.57% | APPLIED MATERIALS, INC. 1.52% |
| Analog Devices, Inc. 0.89% | ANALOG DEVICES, INC. 0.96% |
| Amgen Inc. 0.80% | AMGEN INC. 0.91% |
| Fortinet, Inc. 0.45% | AUTOMATIC DATA PROCESSING, INC. 0.41% |
| Automatic Data Processing, Inc. 0.39% | AMERICAN ELECTRIC POWER COMPANY, INC. 0.36% |
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 Apr 30, 2026 and May 31, 2026.
| QQQ Invesco QQQ Trust | QYLD Global X NASDAQ 100 Covered Call ETF | |
|---|---|---|
| Where it sits | Core fund | Income desk |
| Issuer | Invesco | Global X |
| What it is | Nasdaq-100, book from QQQM | covered call, vs QQQ |
| Total return, 1 year | +25.6% | +23.5% |
| S&P 500 over the same days | +20.0% | +25.6% |
| Gap to the S&P 500 | +5.6 pts | −2.1 pts |
| Cash paid, 1 year | not an income fund | 12.7% |
| Expense ratio | 0.18% | 0.60% |
| Holdings | 101 | n/a |
QQQ in plain words
QQQ is a index equity fund tracking Nasdaq-100, book from QQQM. Over the year to Sep 4, 2026 it returned +25.6% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 3.5% below its high of Jun 2, 2026 on Sep 4, 2026.
QYLD in plain words
Over the year to Sep 4, 2026, QYLD paid 12.7% of its starting value in cash distributions while its price rose 9.5%. With every distribution reinvested, the fund returned +23.5%. Nasdaq-100 (QQQ) returned +25.6% over the same days, so a holder was behind by 2.1 pts. At its price on Sep 4, 2026 the latest distribution annualises to 11.9%, paid monthly. Global X estimates that 100% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which returned more over the last year, QQQ or QYLD?
- In the year to Sep 4, 2026, with distributions reinvested, QQQ returned +25.6% and QYLD returned +23.5%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QQQ or QYLD?
- QQQ charges 0.18% a year and QYLD charges 0.60%, so QQQ is cheaper. Fees come from each fund's prospectus.
- Are QQQ and QYLD the same kind of fund?
- No. QQQ is an index ETF and QYLD is an option-income 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.
Cite this page. ETFIQ, QQQ against QYLD, data as of Sep 4, 2026. https://etfiq.com/compare/any/QQQ-QYLD.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources