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Data as of .

OARK vs QYLD: which paid, and which earned it?

Over the year OARK paid 38.6% of its price in cash against QYLD’s 12.5%, though QYLD returned more with it reinvested.

YieldMax(R) Innovation Option Income Strategy ETF and Global X NASDAQ 100 Covered Call ETF, side by side, income ETFs on ETFIQ.

38.6%OARK cash paid, 1 year
12.5%QYLD cash paid, 1 year
+7.2%OARK total return, 1 year
+22.2%QYLD total return, 1 year

ETFIQ Return Stability Score: QYLD scores higher

Was the payout funded by returns, or by your own capital?

OARK 11.2QYLD 77.53.2, the lowest in this set96.9, the highest

A percentile among the 161 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

OARK15.8 pts behind QQQ · 1 year to Sep 11, 2026
QQQ+23.0%OARK+7.2%38.6% of it arrived as cash15.8 pts behind QQQTotal return, distributions reinvestedQQQ+23.0%OARK+7.2%15.8 pts behind QQQ
QYLD0.7 pts behind QQQ · 1 year to Sep 11, 2026
QQQ+23.0%QYLD+22.2%12.5% of it arrived as cash0.7 pts behind QQQTotal return, distributions reinvestedQQQ+23.0%QYLD+22.2%12.5% cash0.7 pts behind QQQ

What they hold in common

By the books each fund has filed, OARK and QYLD hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in OARKOnly in QYLD
TREASURY BILL 37.81%NVIDIA CORP 8.46%
TREASURY BILL 30.32%APPLE INC 7.81%
TREASURY BILL 18.55%MICROSOFT CORP 5.90%
TREASURY BILL 10.80%MICRON TECHNOLOGY INC 4.86%
TREASURY BILL 2.51%AMAZON.COM INC 4.42%
ADVANCED MICRO DEVICES 3.72%
ALPHABET INC-CL A 3.16%
META PLATFORMS INC 3.07%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 11, 2026.

Performance, window by window

OARK and QYLD over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
OARKQYLDOARKQYLDOARKQYLD
3 months+5.1%+4.7%9.6%3.0%+5.9 pts+5.5 pts
6 months+15.3%+11.8%22.6%6.2%−5.4 pts−8.9 pts
1 year+7.2%+22.2%38.6%12.5%−15.8 pts−0.7 pts
3 years+48.6%+51.3%82.9%36.6%−46.5 pts−43.8 pts
Since launch+53.5%+195.4%89.2%116.0%−99.6 pts−639.0 pts
Open the live comparison on ETFIQ
OARK and QYLD on the same fields, as of Sep 11, 2026. Source: ETFIQ.
OARK
YieldMax(R) Innovation Option Income Strategy ETF
Synthetic covered call on QQQ, paying weekly
QYLD
Global X NASDAQ 100 Covered Call ETF
Covered call on QQQ, paying monthly
IssuerYieldMaxGlobal X
Strategysynthetic covered callcovered call
BenchmarkNasdaq-100 (QQQ), used as the innovation proxyNasdaq-100 (QQQ)
Paysweeklymonthly
Payout rate, annualized37.1%11.9%
Expense ratio1.00%0.60%
Cash paid, 1 year38.6%12.5%
Price change, 1 year−33.3%+8.4%
Total return, 1 year+7.2%+22.2%
Benchmark return, 1 year+23.0%+23.0%
Ahead or behind−15.8 pts−0.7 pts
Return of capital, latest estimate39%100%
Age1388 days4656 days

OARK in plain words

Over the year to Sep 11, 2026, OARK paid 38.6% of its starting value in cash distributions while its price fell 33.3%. With every distribution reinvested, the fund returned +7.2%. Nasdaq-100 (QQQ), used as the innovation proxy returned +23.0% over the same days, so a holder was behind by 15.8 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 37.1%, paid weekly. YieldMax estimates that 39% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

QYLD in plain words

Over the year to Sep 11, 2026, QYLD paid 12.5% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +22.2%. Nasdaq-100 (QQQ) returned +23.0% over the same days, so a holder was behind by 0.7 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 11.9%, paid monthly. Global X estimates that 100% of the distribution paid Aug 27, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, OARK or QYLD?
Over the year to Sep 11, 2026, OARK paid 38.6% of its starting price in cash and QYLD paid 12.5%, so OARK paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, OARK or QYLD?
With every distribution reinvested, OARK returned +7.2% and QYLD returned +22.2% over the year to Sep 11, 2026, so QYLD returned more.
Which is cheaper, OARK or QYLD?
OARK charges 1.00% a year and QYLD charges 0.60%, so QYLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

OARK against QYLD, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, OARK against QYLD, data as of Sep 11, 2026. https://etfiq.com/compare/income/oark-vs-qyld Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources