Which paid more, MAGY or QLDY?

Over the year to Nov 4, 2026, MAGY paid 24.0% 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, MAGY or QLDY?

With every distribution reinvested, MAGY returned −1.5% and QLDY +9.1% over the year to Nov 4, 2026.

Which is cheaper, MAGY or QLDY?

MAGY charges 0.99% a year and QLDY charges 1.04%, so MAGY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

MAGY 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 MAGY’s 24.0%, and returned more with it reinvested.

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Net assets: $94m on Nov 4, 2026 for Roundhill Magnificent Seven Covered Call ETF, and $53m on Nov 3, 2026 for Defiance Nasdaq 100 LightningSpread Income ETF.

MAGY on its own →QLDY on its own →

At a glance

24.0%

MAGY cash paid, 1 year

35.3%

QLDY cash paid, 1 year

−1.5%

MAGY total return, 1 year

+9.1%

QLDY total return, 1 year

MAGY · 1 year to Nov 4, 2026 7.8 pts behind MAGS

MAGY

−1.5%

MAGS

+6.3%

7.8 pts behind MAGS

MAGY over 1 year: paid 24.0%, price −26.1%, total −1.5%, MAGS +6.3%, −7.8 pts. Data to Nov 4, 2026.

MAGS

+6.3%

MAGY

−1.5%

7.8 pts behind MAGS

Total return, distributions reinvested

7.8 pts behind MAGS

MAGY over 1 year: paid 24.0%, price −26.1%, total −1.5%, MAGS +6.3%, −7.8 pts. Data to Nov 4, 2026.

MAGS

+6.3%

MAGY

−1.5%

7.8 pts behind MAGS

24.0% of it arrived as cash. Total return, distributions reinvested. MAGY over 1 year: paid 24.0%, price −26.1%, total −1.5%, MAGS +6.3%, −7.8 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%

35.3% cash

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

MAGY costs 0.05 points a year less; their one-year returns differ by 10.6 points; MAGY is 1.7 times larger.

Points (pts) are percentage points.

MAGY vs QLDY: Dividend Yield & Total Return
Measure	MAGY	QLDY
Paid and earned
Measure	MAGY	QLDY
Total return, 1 year	−1.5%	+9.1%
Price change, 1 year	fell 26.1%	fell 27.2%
Return of capital, issuer estimate	100% of the Nov 2, 2026 payment	0% of the Nov 2, 2026 payment
Against its benchmark
Measure	MAGY	QLDY
Benchmark	Magnificent Seven, measured through MAGS	Nasdaq-100, measured through QQQ
Cost and size
Measure	MAGY	QLDY
Expense ratio	0.99%	1.04%
Net assets, as of Nov 3, 2026	$92m	$53m
Holdings
Measure	MAGY	QLDY
Holdings in common	0%

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

IQ Income Score17.1MAGY24.9QLDY

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

MAGY 17.1

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, MAGY and QLDY hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MAGY QLDY

Only in one fund ↓

Only in MAGY

Roundhill Magnificent Seven ETF 100.12%

MAGS 11/06/2026 71.22 C -0.47%

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

MAGY Roundhill Magnificent Seven Covered Call ETF · Covered call on MAGS, paying weekly QLDY Defiance Nasdaq 100 LightningSpread Income ETF · Option income on QQQ, paying weekly

Issuer Roundhill Defiance

Strategy covered call option income

Benchmark Magnificent Seven (MAGS) Nasdaq-100 (QQQ)

Pays weekly weekly

Payout rate, annualized 25.1% 19.7%

Expense ratio 0.99% 1.04%

Cash paid, 1 year 24.0% 35.3%

Price change, 1 year −26.1% −27.2%

Total return, 1 year −1.5% +9.1%

Benchmark return, 1 year +6.3% +12.3%

Ahead or behind −7.8 pts −3.2 pts

Return of capital, latest estimate 100% 0%

Age 1.5 years 1.1 years

Net assets, MAGY as of Nov 4, 2026 and QLDY as of Nov 3, 2026 $94m $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: MAGY vs QLDY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	MAGY	QLDY	MAGY	QLDY	MAGY	QLDY
3 months	+4.0%	−4.5%	5.4%	9.5%	+1.2 pts	−1.1 pts
6 months	+0.8%	−3.1%	11.3%	18.5%	−1.8 pts	−2.8 pts
1 year	−1.5%	+9.1%	24.0%	35.3%	−7.8 pts	−3.2 pts
Since launchNot the same days: MAGY Apr 2025 · QLDY Sep 2025	+25.7%	+13.2%	44.0%	39.1%	−37.0 pts	−3.7 pts

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Alert

About each fund

MAGY

Over the year to Nov 4, 2026, MAGY paid 24.0% of its starting value in cash distributions while its price fell 26.1%. With every distribution reinvested, the fund returned −1.5%. Magnificent Seven (MAGS) returned +6.3% over the same days, so a holder was behind by 7.8 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 25.1%, paid weekly. Roundhill estimates that 100% of the distribution paid Nov 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 paid more, MAGY or QLDY?: Over the year to Nov 4, 2026, MAGY paid 24.0% 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, MAGY or QLDY?: With every distribution reinvested, MAGY returned −1.5% and QLDY +9.1% over the year to Nov 4, 2026.
Which is cheaper, MAGY or QLDY?: MAGY charges 0.99% a year and QLDY charges 1.04%, so MAGY is cheaper. Fees come from each fund's prospectus.

Other comparisons

MAGY vs QDTY MAGY vs QDTE MAGY vs QYLD MAGY vs QQQI QLDY vs VAIE QLDY vs QVOL QLDY vs YSPC QLDY vs OARK

Where to next

Magnificent Seven (MAGS) →Nasdaq-100 (QQQ) →MAGY on its own →QLDY on its own →MAGY dividend history →MAGY holdings →QLDY dividend history →QLDY holdings →Method →Standards and sources →

Sources and dates

MAGY filings on SEC EDGAR ↗

MAGY prospectus with the expense ratio (SEC) ↗

MAGY 19a-1 distribution notice ↗

Roundhill page for MAGY ↗

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

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.