Data as of Nov 4, 2026.
IQQQ vs SEPI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, SEPI paid 8.9% of its price in cash against IQQQ’s 6.8%, and returned more with it reinvested.
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Net assets: $380m on Nov 4, 2026 for ProShares Nasdaq-100 High Income ETF, and $152m on Jun 30, 2026 for Shelton Equity Premium Income ETF.
4.9 pts behind QQQ
IQQQ over 1 year: paid 6.8%, price +0.5%, total +7.4%, QQQ +12.3%, −4.9 pts. Data to Nov 4, 2026.
QQQ
+12.3%
IQQQ
+7.4%
6.8% of it arrived as cash
4.9 pts behind QQQ
Total return, distributions reinvested
4.9 pts behind QQQ
IQQQ over 1 year: paid 6.8%, price +0.5%, total +7.4%, QQQ +12.3%, −4.9 pts. Data to Nov 4, 2026.
QQQ
+12.3%
IQQQ
+7.4%
4.9 pts behind QQQ
6.8% of it arrived as cash. Total return, distributions reinvested. IQQQ over 1 year: paid 6.8%, price +0.5%, total +7.4%, QQQ +12.3%, −4.9 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% of it arrived as cash
3.1 pts ahead of SPY
Total return, distributions reinvested
3.1 pts ahead of SPY
SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SEPI
+17.9%
8.9% cash
3.1 pts ahead of SPY
8.9% of it arrived as cash. Both charts share one scale, 0 to +17.9%. SEPI over 1 year: paid 8.9%, price +8.3%, total +17.9%, SPY +14.8%, +3.1 pts. Data to Nov 4, 2026.
Both charts share one scale, 0 to +17.9%. Data to Nov 4, 2026.Pair scorecard
SEPI costs 0.01 points a year less; their one-year returns differ by 10.5 points.
Points (pts) are percentage points.
| Measure | IQQQ | SEPI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +7.4% | +17.9% |
| Price change, 1 year | rose 0.5% | rose 8.3% |
| Against its benchmark | ||
| Benchmark | Nasdaq-100, measured through QQQ | S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.55% | 0.54% |
| Net assets, IQQQ as of Nov 4, 2026 and SEPI as of Jun 30, 2026 | $380m | $152m |
| Holdings | ||
| Holdings in common | 35% | |
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
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 →
Risk and return
Sep 19, 2025 to Oct 30, 2026 · 58 weekly returnsEach against its own benchmark: IQQQ against QQQ, Mar 28, 2024 to Oct 30, 2026; SEPI against SPY, Sep 19, 2025 to Oct 30, 2026.
From Sep 2025 to Oct 2026, SEPI returned more: +18.9% to +10.7%. SEPI swung less: 10.2% to 16.9%. SEPI fell less at its worst: −6.6% to −9.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IQQQ | SEPI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +10.7% | +18.9% | SEPI | Price change plus distributions, reinvested. |
| Annualized | +9.5% | +16.8% | SEPI | Total return as a yearly rate. |
| Price return | +3.6% | +8.5% | SEPI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.9% | 10.2% | SEPI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.6% | 5.8% | SEPI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −9.7% | −6.6% | SEPI | Deepest fall from a high to the low after it. |
| Upside capture | 84.6% | 83.6% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 96.9% | 77.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.88 | 0.80 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.96 | 0.88 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.39 | 1.20 | SEPI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.58 | 2.13 | SEPI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.127 | 0.153 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.98 | 2.54 | SEPI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | SPY | The ETF each fund is measured against. | |
| Alpha | −2.3% a year | +4.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.03 | 1.36 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −6.7% to +2.1% | −2.2% to +11.5% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.96 | 0.65 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 4.3% | 4.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 58 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IQQQ and SEPI hold 35% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
35% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | IQQQ | SEPI | IQQQ | SEPI | IQQQ | SEPI |
| 3 months | −4.4% | −0.1% | 1.5% | 2.1% | −0.9 pts | 0.0 pts |
| 6 months | −2.6% | +6.8% | 3.4% | 4.4% | −2.3 pts | +1.8 pts |
| 1 year | +7.4% | +17.9% | 6.8% | 8.9% | −4.9 pts | +3.1 pts |
| Since launchNot the same days: IQQQ Mar 2024 · SEPI Sep 2025 | +44.2% | +23.5% | 25.6% | 10.0% | −13.8 pts | +3.7 pts |
Client brief:
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IQQQ
Over the year to Nov 4, 2026, IQQQ paid 6.8% of its starting value in cash distributions while its price rose 0.5%. With every distribution reinvested, the fund returned +7.4%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 4.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 6.1%, paid monthly. ProShares estimates that 93% of the distribution paid Nov 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
SEPI
Over the year to Nov 4, 2026, SEPI paid 8.9% of its starting value in cash distributions while its price rose 8.3%. With every distribution reinvested, the fund returned +17.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was ahead by 3.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.5%, paid monthly. Shelton estimates that 99% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
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, IQQQ against SEPI, data as of Nov 4, 2026. https://etfiq.com/compare/income/iqqq-vs-sepi
ETFIQ. (Nov 4, 2026). IQQQ against SEPI. Retrieved from https://etfiq.com/compare/income/iqqq-vs-sepi
[IQQQ against SEPI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/iqqq-vs-sepi)
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