Data as of Oct 28, 2026.
MSTY vs QDTE: Dividend Yield & Total Return
Over the year to Oct 28, 2026, QDTE paid 34.2% of its price in cash against MSTY’s 33.4%, and returned more with it reinvested.
askIQ about this page
askIQ about MSTY and QDTE
Net assets: $1.0bn on Oct 27, 2026 for YieldMax MSTR Option Income Strategy ETF, and $919m on Oct 28, 2026 for Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF.
5.6 pts ahead of MSTR
MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.
MSTR
−49.0%
MSTY
−43.4%
5.6 pts ahead of MSTR
Total return, distributions reinvested
5.6 pts ahead of MSTR
MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.
MSTR
−49.0%
MSTY
−43.4%
5.6 pts ahead of MSTR
33.4% of it arrived as cash. Total return, distributions reinvested. MSTY over 1 year: paid 33.4%, price −75.2%, total −43.4%, MSTR −49.0%, +5.6 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.1.3 pts ahead of QQQ
QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.
QQQ
+15.2%
QDTE
+16.5%
34.2% as cash
1.3 pts ahead of QQQ
Total return, distributions reinvested
1.3 pts ahead of QQQ
QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.
QQQ
+15.2%
QDTE
+16.5%
1.3 pts ahead of QQQ
34.2% of it arrived as cash. Both charts share one scale, with zero at the line. QDTE over 1 year: paid 34.2%, price −21.6%, total +16.5%, QQQ +15.2%, +1.3 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
QDTE costs 0.03 points a year less; their one-year returns differ by 59.9 points; MSTY is 1.1 times larger.
Points (pts) are percentage points.
| Measure | MSTY | QDTE |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | −43.4% | +16.5% |
| Price change, 1 year | fell 75.2% | fell 21.6% |
| Return of capital, issuer estimate | 14% of the Oct 30, 2026 payment | 100% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | MicroStrategy (MSTR) | Nasdaq-100, measured through QQQ |
| Cost and size | ||
| Expense ratio | 0.99% | 0.96% |
| Net assets, as of Oct 27, 2026 | $1.0bn | $916m |
| Holdings | ||
| Holdings in common | 0% | |
MSTY among the 74 income ETFs writing on a single company
How much of its payouts the fund's total return covered, ranked against 74 income ETFs writing on a single company and 164 income ETFs not writing on a single company. 100 is best. How it is computed
QDTE among the 164 income ETFs not writing on a single company
A percentile among the 74 income ETFs writing on a single company. QDTE is a percentile among the 164 income ETFs not writing on a single company, a different set, so the two marks are not on one scale. 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 →
Holdings in common uses holdings dated Oct 28, 2026. Method
Risk and return
Mar 15, 2024 to Oct 23, 2026 · 136 weekly returnsEach against its own benchmark: MSTY against MSTR, Mar 1, 2024 to Oct 23, 2026; QDTE against QQQ, Mar 15, 2024 to Oct 23, 2026.
QDTE returned more: +60.8% to −11.6%. QDTE swung less: 17.8% to 58.4%. QDTE fell less at its worst: −20.5% to −76.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | MSTY | QDTE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −11.6% | +60.8% | QDTE | Price change plus distributions, reinvested. |
| Annualized | −4.6% | +19.9% | QDTE | Total return as a yearly rate. |
| Price return | −92.9% | −38.8% | QDTE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 58.4% | 17.8% | QDTE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 40.3% | 12.2% | QDTE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −76.2% | −20.5% | QDTE | Deepest fall from a high to the low after it. |
| Upside capture | 35.5% | 81.9% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.2% | 91.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.73 | 0.85 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.93 | 0.93 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.14 | 0.87 | QDTE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.20 | 1.27 | QDTE | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.358 | 0.182 | Return above Treasury bills per unit of beta. | |
| Calmar | −0.06 | 0.97 | QDTE | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | MSTR | QQQ | The ETF each fund is measured against. | |
| Alpha | −2.3% a year | +1.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.23 | 0.39 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −21.9% to +17.3% | −4.8% to +7.2% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.47 | −0.23 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 27.4% | 5.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 136 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MSTY and QDTE hold 0% of their money in the same securities at the same weight. Holdings dated Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Oct 28, 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 | MSTY | QDTE | MSTY | QDTE | MSTY | QDTE |
| 3 months | +42.2% | +9.5% | 25.1% | 6.6% | −13.3 pts | −0.3 pts |
| 6 months | −9.7% | +10.2% | 28.9% | 14.9% | −1.4 pts | +0.3 pts |
| 1 year | −43.4% | +16.5% | 33.4% | 34.2% | +5.6 pts | +1.3 pts |
| Since launchNot the same days: MSTY Feb 2024 · QDTE Mar 2024 | +69.4% | +61.4% | 224.6% | 75.3% | −34.2 pts | −3.8 pts |
MSTY and QDTE are built for the same job. How do they differ in cost, holdings and results?
- What each is measured against. MSTY is measured against MicroStrategy (MSTR) and QDTE against Nasdaq-100 through QQQ.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MSTY returned −43.4% and QDTE +16.5% with distributions reinvested, a gap of 59.9 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
MSTY
Over the year to Oct 28, 2026, MSTY paid 33.4% of its starting value in cash distributions while its price fell 75.2%. With every distribution reinvested, the fund returned −43.4%. MicroStrategy (MSTR) returned −49.0% over the same days, so a holder was ahead by 5.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 60.3%, paid weekly. YieldMax estimates that 14% 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.
QDTE
Over the year to Oct 28, 2026, QDTE paid 34.2% of its starting value in cash distributions while its price fell 21.6%. With every distribution reinvested, the fund returned +16.5%. Nasdaq-100 (QQQ) returned +15.2% over the same days, so a holder was ahead by 1.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 20.7%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 23, 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.
Cite this pageCitation, APA and Markdown
ETFIQ, MSTY against QDTE, data as of Oct 28, 2026. https://etfiq.com/compare/income/msty-vs-qdte
ETFIQ. (Oct 28, 2026). MSTY against QDTE. Retrieved from https://etfiq.com/compare/income/msty-vs-qdte
[MSTY against QDTE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/msty-vs-qdte)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.