Which paid more, FTQI or SPUT?

Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting price in cash and SPUT paid 4.8%, so FTQI paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, FTQI or SPUT?

With every distribution reinvested, FTQI returned +16.5% and SPUT +10.7% over the year to Nov 4, 2026.

Which is cheaper, FTQI or SPUT?

FTQI charges 0.75% a year and SPUT charges 0.79%, so FTQI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FTQI vs SPUT: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, FTQI paid 12.1% of its price in cash against SPUT’s 4.8%, and returned more with it reinvested.

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askIQ about FTQI and SPUT

Net assets: $997m on Nov 3, 2026 for First Trust Nasdaq BuyWrite Income ETF, and $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF.

FTQI on its own →SPUT on its own →

At a glance

12.1%

FTQI cash paid, 1 year

4.8%

SPUT cash paid, 1 year

+16.5%

FTQI total return, 1 year

+10.7%

SPUT total return, 1 year

FTQI · 1 year to Nov 4, 2026 4.2 pts ahead of QQQ

FTQI

+16.5%

QQQ

+12.3%

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% of it arrived as cash

4.2 pts ahead of QQQ

Total return, distributions reinvested

4.2 pts ahead of QQQ

FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

QQQ

+12.3%

FTQI

+16.5%

12.1% as cash

4.2 pts ahead of QQQ

12.1% of it arrived as cash. Total return, distributions reinvested. FTQI over 1 year: paid 12.1%, price +3.5%, total +16.5%, QQQ +12.3%, +4.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

SPUT · 1 year to Nov 4, 2026 4.1 pts behind SPY

SPUT

+10.7%

SPY

+14.8%

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.8% as cash

4.1 pts behind SPY

Total return, distributions reinvested

4.1 pts behind SPY

SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

SPY

+14.8%

SPUT

+10.7%

4.1 pts behind SPY

4.8% of it arrived as cash. Both charts share one scale, 0 to +16.5%. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.

Both charts share one scale, 0 to +16.5%. Data to Nov 4, 2026.

Pair scorecard

FTQI costs 0.04 points a year less; their one-year returns differ by 5.8 points; FTQI is far larger, $997m against $17m.

Points (pts) are percentage points.

FTQI vs SPUT: Dividend Yield & Total Return
Measure	FTQI	SPUT
Paid and earned
Measure	FTQI	SPUT
Total return, 1 year	+16.5%	+10.7%
Price change, 1 year	rose 3.5%	rose 5.7%
Return of capital, issuer estimate	99% of the Oct 30, 2026 payment	58% of the Nov 2, 2026 payment
Against its benchmark
Measure	FTQI	SPUT
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	FTQI	SPUT
Expense ratio	0.75%	0.79%
Net assets, as of Nov 3, 2026	$997m	$17m
Holdings
Measure	FTQI	SPUT
Holdings in common	25%

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

IQ Income Score74FTQI88.9SPUT

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

FTQI 74

SPUT 88.9

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

25%

By the books each fund has filed, FTQI and SPUT hold 25% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

25% in common

Positions both hold · largest shared weight first FTQI SPUT

NVIDIA Corporation 6.22% 3.71%

Apple Inc. 8.98% 3.50%

Amazon.com, Inc. 4.23% 2.06%

Alphabet Inc. (Class A) 1.72% 1.64%

Microsoft Corporation 1.55% 2.70%

Broadcom Inc. 1.64% 1.43%

Alphabet Inc. (Class C) 1.72% 1.43%

Meta Platforms, Inc. (Class A) 2.67% 0.97%

Tesla, Inc. 3.05% 0.82%

Micron Technology, Inc. 2.01% 0.74%

Advanced Micro Devices, Inc. 4.73% 0.61%

Cisco Systems, Inc. 3.10% 0.36%

Only in one fund ↓

Only in FTQI

Medpace Holdings, Inc. 0.86%

DocuSign, Inc. 0.70%

Texas Roadhouse, Inc. 0.66%

Guardant Health, Inc. 0.65%

F5, Inc. 0.63%

InterDigital, Inc. 0.53%

Qualys, Inc. 0.49%

argenx SE (ADR) 0.49%

Only in SPUT

Eli Lilly & Co 0.77%

JPMorgan Chase & Co 0.75%

Berkshire Hathaway Inc 0.56%

Visa Inc 0.49%

Walmart Inc 0.38%

Mastercard Inc 0.36%

Bank of America Corp 0.31%

UnitedHealth Group Inc 0.30%

Check overlap with more funds →

Side by side

FTQI First Trust Nasdaq BuyWrite Income ETF · Covered call on QQQ, paying monthly SPUT Innovator Equity Premium Income - Daily PutWrite ETF · Sells puts on the S&P 500, paying monthly

Issuer First Trust Innovator

Strategy covered call put-selling overlay

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

Pays monthly monthly

Payout rate, annualized 12.3% 3.6%

Expense ratio 0.75% 0.79%

Cash paid, 1 year 12.1% 4.8%

Price change, 1 year +3.5% +5.7%

Total return, 1 year +16.5% +10.7%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind +4.2 pts −4.1 pts

Return of capital, latest estimate 99% 58%

Age 12.8 years 1.6 years

Net assets, FTQI as of Nov 3, 2026 and SPUT as of Nov 4, 2026 $997m $17m

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: FTQI vs SPUT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FTQI	SPUT	FTQI	SPUT	FTQI	SPUT
3 months	+0.4%	+0.9%	3.0%	1.0%	+3.8 pts	+1.0 pts
6 months	+6.6%	+3.4%	6.0%	1.9%	+6.9 pts	−1.6 pts
1 year	+16.5%	+10.7%	12.1%	4.8%	+4.3 pts	−4.0 pts
3 years	+60.8%	–	38.1%	–	−30.5 pts	–
Since launchNot the same days: FTQI Jan 2014 · SPUT Mar 2025	+138.8%	+23.3%	81.1%	9.1%	−641.3 pts	−15.6 pts

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Alert

About each fund

FTQI

Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting value in cash distributions while its price rose 3.5%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was ahead by 4.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 12.3%, paid monthly. First Trust estimates that 99% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

SPUT

Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, FTQI or SPUT?: Over the year to Nov 4, 2026, FTQI paid 12.1% of its starting price in cash and SPUT paid 4.8%, so FTQI paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, FTQI or SPUT?: With every distribution reinvested, FTQI returned +16.5% and SPUT +10.7% over the year to Nov 4, 2026.
Which is cheaper, FTQI or SPUT?: FTQI charges 0.75% a year and SPUT charges 0.79%, so FTQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FTQI vs SPYI FTQI vs JEPI FTQI vs JULH FTQI vs OCTH SPUT vs QYLD SPUT vs QQQI SPUT vs JEPQ SPUT vs QDTE

Where to next

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

Sources and dates

FTQI filings on SEC EDGAR ↗

FTQI prospectus with the expense ratio (SEC) ↗

FTQI 19a-1 distribution notice ↗

First Trust page for FTQI ↗

SPUT filings on SEC EDGAR ↗

SPUT prospectus with the expense ratio (SEC) ↗

SPUT 19a-1 distribution notice ↗

Innovator page for SPUT ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, FTQI against SPUT, data as of Nov 4, 2026. https://etfiq.com/compare/income/ftqi-vs-sput

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