Data as of Nov 4, 2026.

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Income ETFs

DDDD vs QLDY: Dividend Yield & Total Return

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DDDD and QLDY both write options for income.

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Net assets on Nov 3, 2026: $7.8m for YieldMax U.S. Stocks Target Double Distribution ETF and $53m for Defiance Nasdaq 100 LightningSpread Income ETF.

At a glance
3.4%
DDDD cash paid, since launch, Mar 12, 2026
35.3%
QLDY cash paid, 1 year
+17.1%
DDDD total return, since launch, Mar 12, 2026
+9.1%
QLDY total return, 1 year
DDDD · since launch to Nov 4, 2026 3.3 pts behind SCHD
DDDD
+17.1%
SCHD
+20.4%

3.3 pts behind SCHD

DDDD since launch: paid 3.4%, price +13.4%, total +17.1%, SCHD +20.4%, −3.3 pts. Data to Nov 4, 2026.

SCHD

+20.4%

DDDD

+17.1%

3.4% as cash

3.3 pts behind SCHD

Total return, distributions reinvested

3.3 pts behind SCHD

DDDD since launch: paid 3.4%, price +13.4%, total +17.1%, SCHD +20.4%, −3.3 pts. Data to Nov 4, 2026.

SCHD

+20.4%

DDDD

+17.1%

3.3 pts behind SCHD

3.4% of it arrived as cash. Total return, distributions reinvested. DDDD since launch: paid 3.4%, price +13.4%, total +17.1%, SCHD +20.4%, −3.3 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.
QLDY · 1 year to Nov 4, 2026 3.2 pts behind QQQ
QLDY
+9.1%
QQQ
+12.3%

3.2 pts behind QQQ

QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QLDY

+9.1%

35.3% of it arrived as cash

3.2 pts behind QQQ

Total return, distributions reinvested

3.2 pts behind QQQ

QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

QLDY

+9.1%

3.2 pts behind QQQ

35.3% of it arrived as cash. Both charts share one scale, with zero at the line. QLDY over 1 year: paid 35.3%, price −27.2%, total +9.1%, QQQ +12.3%, −3.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

DDDD costs 0.03 points a year less; QLDY is 6.8 times larger.

Points (pts) are percentage points.

DDDD vs QLDY: Dividend Yield & Total Return
MeasureDDDDQLDY
Paid and earned
Total return, 1 yearnot published+9.1%
Price changerose 13.4% (since Mar 12, 2026)fell 27.2% (1 year)
Return of capital, issuer estimate76% of the Oct 2, 2026 payment0% of the Nov 2, 2026 payment
Against its benchmark
BenchmarkUS dividend stocks, measured through SCHDNasdaq-100, measured through QQQ
Cost and size
Expense ratio1.01%1.04%
Net assets, as of Nov 3, 2026$7.8m$53m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, DDDD and QLDY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DDDD QLDY
Only in one fund ↓
Only in DDDD
Texas Instruments Inc 4.70%
Procter & Gamble Co 4.37%
Home Depot Inc 4.29%
Coca-Cola Co 4.18%
Amgen Inc 4.16%
Abbott Laboratories 4.02%
Chevron Corp 3.94%
QUALCOMM Inc 3.92%
Only in QLDY
Ndx 12/18/2026 2001.44 C 92.84%
United States Treasury Note/bond 2.375% 05/15/2027 0.49%
Exchange Put Opt 11/26 28320 0.15%
Xnd 12/18/2026 10.44 C 0.05%
Nasdaq-1 Put Opt 11/26 28470 -0.24%
Check overlap with more funds →

Side by side

DDDD YieldMax U.S. Stocks Target Double Distribution ETF · Synthetic covered call on SCHD QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly
Strategy synthetic covered call option income
Benchmark US dividend stocks (SCHD) Nasdaq-100 (QQQ)
Pays not established weekly
Payout rate, annualized 18.3% 19.7%
Expense ratio 1.01% 1.04%
Cash paid, 1 year 3.4% (since launch, Mar 12, 2026) 35.3%
Price change, 1 year +13.4% (since launch, Mar 12, 2026) −27.2%
Total return, 1 year +17.1% (since launch, Mar 12, 2026) +9.1%
Benchmark return, 1 year +20.4% (since launch, Mar 12, 2026) +12.3%
Ahead or behind −3.3 pts (since launch, Mar 12, 2026) −3.2 pts
Return of capital, latest estimate 76% 0%
Age 237 days 1.1 years
Net assets, as of Nov 3, 2026 $7.8m $53m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: DDDD vs QLDY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowDDDDQLDYDDDDQLDYDDDDQLDY
3 months+7.5%−4.5%1.6%9.5%−1.0 pts−1.1 pts
6 months+13.6%−3.1%3.3%18.5%−2.6 pts−2.8 pts
1 year–+9.1%–35.3%–−3.2 pts
Since launchNot the same days: DDDD Mar 2026 · QLDY Sep 2025+17.1%+13.2%3.4%39.1%−3.3 pts−3.7 pts

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About each fund
DDDD

Over the period from its first trade on Mar 12, 2026 to Nov 4, 2026, DDDD paid 3.4% of its starting value in cash distributions while its price rose 13.4%. With every distribution reinvested, the fund returned +17.1%. US dividend stocks (SCHD) returned +20.4% over the same days, so a holder was behind by 3.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 18.3%, paid periodically. YieldMax estimates that 76% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

QLDY

Over the year to Nov 4, 2026, QLDY paid 35.3% of its starting value in cash distributions while its price fell 27.2%. With every distribution reinvested, the fund returned +9.1%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 3.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 19.7%, paid weekly. Defiance estimates that 0% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, DDDD or QLDY?
DDDD charges 1.01% a year and QLDY charges 1.04%, so DDDD is cheaper. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, DDDD against QLDY, data as of Nov 4, 2026. https://etfiq.com/compare/income/dddd-vs-qldy

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