Data as of . Every figure is the income desk's own, on published data.
QYLD vs ULTY
What they hold in common
By the books each fund has filed, QYLD and ULTY hold 13% of their money in the same securities at the same weight.
| Holding | QYLD | ULTY |
|---|---|---|
| NVIDIA CORPORATION | 8.56% | 4.80% |
| ALPHABET INC. | 3.95% | 5.66% |
| LAM RESEARCH CORPORATION | 1.57% | 4.99% |
| PALANTIR TECHNOLOGIES INC. | 1.55% | 4.40% |
| SHOPIFY INC. | 0.72% | 3.69% |
| STRATEGY INC | 0.25% | 4.65% |
| Only in QYLD | Only in ULTY |
|---|---|
| APPLE INC. 7.03% | Analog Devices Inc 5.47% |
| MICROSOFT CORPORATION 5.34% | Amazon.com Inc 5.16% |
| AMAZON.COM, INC. 5.02% | Ciena Corp 4.95% |
| ALPHABET INC. 3.66% | Quanta Services Inc 4.95% |
| BROADCOM INC. 3.49% | Lumentum Holdings Inc 4.86% |
| TESLA, INC. 3.36% | IREN Ltd 4.80% |
| META PLATFORMS, INC. 3.18% | Astera Labs Inc 4.56% |
| WALMART INC. 3.14% | Coherent Corp 4.50% |
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.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| QYLD | ULTY | QYLD | ULTY | QYLD | ULTY | |
| 3 months | +6.3% | +2.9% | 3.1% | 14.5% | +4.2 pts | −1.8 pts |
| 6 months | +11.7% | +12.9% | 6.2% | 29.9% | −8.4 pts | −2.3 pts |
| 1 year | +23.5% | −2.9% | 12.7% | 48.3% | −2.1 pts | −22.8 pts |
| 3 years | +51.5% | n/a | 36.7% | n/a | −42.0 pts | n/a |
| Since launch | +195.3% | +10.0% | 116.0% | 86.5% | −644.5 pts | −46.2 pts |
| QYLD Global X NASDAQ 100 Covered Call ETF | ULTY YieldMax(R) Ultra Option Income Strategy ETF | |
|---|---|---|
| Issuer | Global X | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | Nasdaq-100 (QQQ) | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualised | 11.9% | 60.4% |
| Expense ratio | 0.60% | 1.30% |
| Cash paid, 1 year | 12.7% | 48.3% |
| Price change, 1 year | +9.5% | −52.1% |
| Total return, 1 year | +23.5% | −2.9% |
| Benchmark return, 1 year | +25.6% | +20.0% |
| Ahead or behind | −2.1 pts | −22.8 pts |
| Return of capital, latest estimate | 100% | 100% |
| Age | 4649 days | 918 days |
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).
ULTY in plain words
Over the year to Sep 4, 2026, ULTY paid 48.3% of its starting value in cash distributions while its price fell 52.1%. With every distribution reinvested, the fund returned −2.9%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 22.8 pts. At its price on Sep 4, 2026 the latest distribution annualises to 60.4%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which paid more, QYLD or ULTY?
- Over the year to Sep 4, 2026, QYLD paid 12.7% of its starting price in cash and ULTY paid 48.3%, so ULTY paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, QYLD or ULTY?
- With every distribution reinvested, QYLD returned +23.5% and ULTY returned −2.9% over the year to Sep 4, 2026, so QYLD returned more.
- Which is cheaper, QYLD or ULTY?
- QYLD charges 0.60% a year and ULTY charges 1.30%, so QYLD is cheaper. Fees come from each fund's prospectus.
Other comparisons
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, QYLD against ULTY, data as of Sep 4, 2026. https://etfiq.com/compare/income/QYLD-ULTY.html Free to use with attribution; the underlying files are at Open data.