Which paid more, DUBS or QLDY?

Over the year to Nov 4, 2026, DUBS paid 2.3% of its starting price in cash and QLDY paid 35.3%, so QLDY paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, DUBS or QLDY?

With every distribution reinvested, DUBS returned +18.6% and QLDY +9.1% over the year to Nov 4, 2026.

Which is cheaper, DUBS or QLDY?

DUBS charges 0.40% a year and QLDY charges 1.04%, so DUBS is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

DUBS vs QLDY: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, QLDY paid 35.3% of its price in cash against DUBS’s 2.3%, though DUBS returned more with it reinvested.

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Net assets: $398m on Jul 31, 2026 for Aptus Large Cap Enhanced Yield ETF, and $53m on Nov 3, 2026 for Defiance Nasdaq 100 LightningSpread Income ETF.

DUBS on its own →QLDY on its own →

At a glance

2.3%

DUBS cash paid, 1 year

35.3%

QLDY cash paid, 1 year

+18.6%

DUBS total return, 1 year

+9.1%

QLDY total return, 1 year

DUBS · 1 year to Nov 4, 2026 3.8 pts ahead of SPY

DUBS

+18.6%

SPY

+14.8%

3.8 pts ahead of SPY

DUBS over 1 year: paid 2.3%, price +16.0%, total +18.6%, SPY +14.8%, +3.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

DUBS

+18.6%

2.3% cash

3.8 pts ahead of SPY

Total return, distributions reinvested

3.8 pts ahead of SPY

DUBS over 1 year: paid 2.3%, price +16.0%, total +18.6%, SPY +14.8%, +3.8 pts. Data to Nov 4, 2026.

SPY

+14.8%

DUBS

+18.6%

3.8 pts ahead of SPY

2.3% of it arrived as cash. Total return, distributions reinvested. DUBS over 1 year: paid 2.3%, price +16.0%, total +18.6%, SPY +14.8%, +3.8 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

DUBS costs 0.64 points a year less; their one-year returns differ by 9.5 points.

Points (pts) are percentage points.

DUBS vs QLDY: Dividend Yield & Total Return
Measure	DUBS	QLDY
Paid and earned
Measure	DUBS	QLDY
Total return, 1 year	+18.6%	+9.1%
Price change, 1 year	rose 16.0%	fell 27.2%
Return of capital, issuer estimate	71% of the Sep 30, 2026 payment	0% of the Nov 2, 2026 payment
Against its benchmark
Measure	DUBS	QLDY
Benchmark	S&P 500, measured through SPY	Nasdaq-100, measured through QQQ
Cost and size
Measure	DUBS	QLDY
Expense ratio	0.40%	1.04%
Net assets, DUBS as of Jul 31, 2026 and QLDY as of Nov 3, 2026	$398m	$53m
Holdings
Measure	DUBS	QLDY
Holdings in common	0%

ETFIQ Distribution Coverage Score · DUBS scores higher How much of what it paid out did its total return cover?

IQ Income Score97.9DUBS24.9QLDY

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

DUBS 97.9

QLDY 24.9

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

What they share

By the books each fund has filed, DUBS and QLDY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DUBS QLDY

Only in one fund ↓

Only in DUBS

State Street SPDR Portfolio S& 73.21%

BNY Mellon US Large Cap Core E 24.71%

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

DUBS Aptus Large Cap Enhanced Yield ETF · Option income on SPY, paying quarterly QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly

Issuer Aptus Defiance

Strategy option income option income

Benchmark S&P 500 (SPY) Nasdaq-100 (QQQ)

Pays quarterly weekly

Payout rate, annualized 2.2% 19.7%

Expense ratio 0.40% 1.04%

Cash paid, 1 year 2.3% 35.3%

Price change, 1 year +16.0% −27.2%

Total return, 1 year +18.6% +9.1%

Benchmark return, 1 year +14.8% +12.3%

Ahead or behind +3.8 pts −3.2 pts

Return of capital, latest estimate 71% 0%

Age 3.4 years 1.1 years

Net assets, DUBS as of Jul 31, 2026 and QLDY as of Nov 3, 2026 $398m $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: DUBS vs QLDY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	DUBS	QLDY	DUBS	QLDY	DUBS	QLDY
3 months	+0.6%	−4.5%	0.6%	9.5%	+0.7 pts	−1.1 pts
6 months	+6.7%	−3.1%	1.1%	18.5%	+1.7 pts	−2.8 pts
1 year	+18.6%	+9.1%	2.3%	35.3%	+3.8 pts	−3.2 pts
3 years	+85.1%	–	9.9%	–	+2.2 pts	–
Since launchNot the same days: DUBS Jun 2023 · QLDY Sep 2025	+86.4%	+13.2%	10.2%	39.1%	+3.2 pts	−3.7 pts

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Alert

About each fund

DUBS

Over the year to Nov 4, 2026, DUBS paid 2.3% of its starting value in cash distributions while its price rose 16.0%. With every distribution reinvested, the fund returned +18.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 2.2%, paid quarterly. Aptus estimates that 71% of the distribution paid Sep 30, 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 paid more, DUBS or QLDY?: Over the year to Nov 4, 2026, DUBS paid 2.3% of its starting price in cash and QLDY paid 35.3%, so QLDY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, DUBS or QLDY?: With every distribution reinvested, DUBS returned +18.6% and QLDY +9.1% over the year to Nov 4, 2026.
Which is cheaper, DUBS or QLDY?: DUBS charges 0.40% a year and QLDY charges 1.04%, so DUBS is cheaper. Fees come from each fund's prospectus.

Other comparisons

DUBS vs QDTY DUBS vs QDTE DUBS vs KIQQ DUBS vs GPIQ QLDY vs KHPI QLDY vs PBP QLDY vs IVVW QLDY vs XDTE

Where to next

S&P 500 (SPY) →Nasdaq-100 (QQQ) →DUBS on its own →QLDY on its own →DUBS dividend history →DUBS holdings →QLDY dividend history →QLDY holdings →Method →Standards and sources →

Sources and dates

DUBS filings on SEC EDGAR ↗

DUBS prospectus with the expense ratio (SEC) ↗

DUBS 19a-1 distribution notice ↗

Aptus website ↗

QLDY filings on SEC EDGAR ↗

QLDY prospectus with the expense ratio (SEC) ↗

QLDY 19a-1 distribution notice ↗

Defiance page for QLDY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, DUBS against QLDY, data as of Nov 4, 2026. https://etfiq.com/compare/income/dubs-vs-qldy

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